Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 1-BR IN SOCIETY HOUSE — distress deal in Downtown Dubai from Mitchell's Commercial Real EstateSOCIETY HOUSE · Downtown Dubai

Igo · Downtown Dubai

DISTRESS DEAL: 1-BR IN SOCIETY HOUSE

Asking price as listedAED 1,950,000AED 2,682 per sq.ft
Original price + DLDAED 2,094,383
DiscountAED 144,3836.9% below original price
Unit
1-BR
Size
727 sq.ft
Developer
Igo
Handover
Q3 2026

The discount is measured against the original price + DLD recorded for this unit, not against a valuation.

Sold
Listed 23 July 2026Status confirmed 17 September 2026

This unit has sold. The page is kept as a record of a deal we transacted. Every figure on it — the asking price, the discount to original price and the payment schedule — is the position as listed on 23 July 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.

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Payment breakdown

Total cost for buyer, as listedAED 2,074,240The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 1,950,000
Fees and commissionAED 124,240
Step 01Due at transferAED 1,237,080Payable when the unit transfers to the buyer.
  • Payment to sellerAED 1,112,840
  • DLD Transfer fee 4% + 40 AEDAED 78,040
  • DLD Registration Trustee fee + 5%VATAED 5,250
  • Buyer's agent comission 2% + 5%VATAED 40,950
  • Total on transferAED 1,237,080
Step 02Payable to Igo after transferAED 837,160The balance of the payment plan, which the buyer takes over.
  • On HandoverAED 837,160
  • Total remaining payment planAED 837,160

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Floor plan

Floor plan for DISTRESS DEAL: 1-BR IN SOCIETY HOUSEFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 1-BR IN SOCIETY HOUSE

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This is a 1-bedroom apartment opportunity in Society House, a 53-storey residential tower under development by Igo in Downtown Dubai. The unit offers 727 sq.ft of internal space, with a balcony and views over the canal and pool, and is positioned between the 6th and 10th floors. The asking price is AED 1,950,000, which is 6.9% below the original reference price of AED 2,094,383. This equates to AED 2,682 per square foot, a notable discount in the context of recent transactions in the building, where comparable 1-bedroom units have traded at AED 2,905 per square foot. The handover is scheduled for Q3 2026, providing a clear timeline for completion. The payment structure includes AED 1,237,080 due on transfer, with a remaining payment plan of AED 837,160, bringing the total buyer cost to AED 2,074,240. The immediate investment thesis is grounded in the below-market entry point, the project’s central location, and the potential for capital appreciation as the development nears completion and Downtown Dubai continues to mature.

LOCATION & TRANSPORT

Society House is situated in Downtown Dubai, one of the city’s most established and internationally recognised districts. The area is home to landmarks such as the Burj Khalifa, Dubai Mall, and Dubai Opera, and is well-connected by major road networks including Sheikh Zayed Road and Al Khail Road. Residents benefit from proximity to the Dubai Metro (Burj Khalifa/Dubai Mall station), with public transport links facilitating access to the wider city. The location appeals to both professionals and visitors, with a mix of business, leisure, and cultural destinations within walking distance. The area’s established infrastructure ensures reliable access to taxis, ride-hailing services, and frequent bus routes, supporting both owner-occupiers and tenants who prioritise connectivity and convenience.

AMENITIES & SURROUNDING

Society House is designed to deliver a comprehensive lifestyle offering, with amenities that cater to a broad resident profile. The building will feature a 25-metre swimming pool, a fully equipped gym, crossfit facilities, a golf simulator, a cinema, a padel tennis court, and outdoor fitness areas. For families and younger residents, there is a dedicated kids’ play area. The interior design incorporates high-quality finishes such as marble, brass, and gold, with rich textures and bold patterns contributing to a contemporary aesthetic. Four vertical gardens are integrated into the building, providing green spaces and visual interest. The wider Downtown Dubai district offers a full suite of supporting infrastructure, including supermarkets, healthcare clinics, schools, and a range of dining and retail options. The immediate environment is pedestrian-friendly, with landscaped boulevards and easy access to the Dubai Mall and other major attractions.

MARKET

From an investor perspective, Society House is positioned within a segment of the Downtown Dubai market that has demonstrated resilience and liquidity. Recent transactions for 1-bedroom units in the building have been recorded at higher price points, suggesting that the current asking price offers a genuine discount to market. The area’s strong rental demand is underpinned by its international appeal and the concentration of business and leisure activities. Typical buyers include professionals, expatriates, and investors seeking stable rental yields and long-term capital growth. While the off-plan nature of the project introduces some delivery risk, the developer’s track record and the advanced stage of construction provide a degree of reassurance. Liquidity for similar units has remained robust, with a steady flow of transactions and a broad buyer pool. The main risk points to consider are potential delays in handover and the general volatility of the Dubai property market, though these are partially mitigated by the project’s location and specification.

CONCLUSION

This 1-bedroom apartment in Society House presents a clear value proposition for investors seeking below-market entry into Downtown Dubai. The combination of a 6.9% discount to the original price, a central location, and a comprehensive amenity offering supports both rental and resale strategies. While all off-plan investments carry inherent risks, the project’s progress, reputable developer, and the district’s ongoing demand profile provide a balanced outlook. For those looking to position themselves in one of Dubai’s most dynamic neighbourhoods ahead of completion, this deal offers a measured opportunity to capture potential upside as the area continues to evolve.

Location

SOCIETY HOUSE — Downtown Dubai

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 1-BR IN SOCIETY HOUSE behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Purchase

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Holding & income

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0% holds rent flat. It may be negative.

Your figure — we publish none. A month vacant plus re-letting time is roughly 8%, if that fits your building.

Your figure — we publish none. Letting fees and routine repairs.

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Acquisition costs

4% is the Dubai standard.

Buyer-side. 5% VAT added.

Your figure — we publish none. The trustee tariff is tiered and the admin lines vary by office; ask your trustee office for the total, and add your NOC and any legal quote.

Exit

1 to 40 years.

0% by default: we publish no price forecasts.

5% VAT added automatically.

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Method
Handover
The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
Gross yield
Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
Net yield
(Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
Rent growth
Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
ROI
Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
ROE
Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
Cash-on-cash return
Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
IRR
The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.

An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.

Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell's Commercial Real Estate is a trading brand; the RERA-licensed broker is Stephen James Mitchell, BRN 68593.

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A discounted unit is bought the same way any other is. The questions are just sharper. These are our own guides and articles on buying from overseas, taking on a resale or an off-plan assignment, and what the purchase costs.

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