This is a one-bedroom apartment in Sunset Bay 2, the Imtiaz development on Dubai Islands, measuring 998 sq.ft between the 3rd and 7th floors with a community outlook and a balcony. The asking price is AED 1,835,000 against an original price plus DLD of AED 2,163,200, a reduction of AED 328,200 or 15.2% below original price. On 998 sq.ft of built-up area that is AED 1,839 per square foot. The buyer settles AED 921,899 at transfer, of which AED 794,874 goes to the seller, and then carries AED 1,040,126 in two instalments: AED 208,025 on 15 September 2026 and AED 832,101 on completion, dated 15 January 2027 in the seller's schedule. Total cost to the buyer is AED 1,962,025, with handover given as Q1 2027.
SUNSET BAY 2 · Dubai Islands1 / 2Imtiaz · Dubai Islands
DISTRESS DEAL: 1-BR IN SUNSET BAY 2
- Unit
- 1-BR
- Size
- 998 sq.ft
- Developer
- Imtiaz
- Handover
- Q1 2027
The discount is measured against the original price + DLD recorded for this unit, not against a valuation.
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 10 August 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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The numbers
Payment breakdown
- Payment to sellerAED 794,874
- DLD Transfer fee (4% of OP + 40 AED)AED 83,240
- Trustee Office FeeAED 5,250
- Buyer's Agency Commission (2% + VAT)AED 38,535
- Total on transferAED 921,899
- 15-09-2026AED 208,025
- On completion (15-01-2027)AED 832,101
- Total remaining payment planAED 1,040,126
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Distress Deal
PROJECT DESCRIPTION
OVERVIEW
LOCATION & TRANSPORT
Dubai Islands is the Nakheel-led redevelopment of the former Deira Islands, a group of reclaimed islands off the Deira waterfront. Access is by bridge from Deira, with Al Khaleej Road running south into the older city and connecting to Al Shindagha Tunnel and the creek crossings. Gold Souk and Palm Deira metro stations on the Green Line serve the mainland side. Dubai International Airport is roughly fifteen minutes by car, which is unusually short for a Dubai residential district. The islands are still being built out, with hotels, beach clubs and residential towers delivering in phases, and buyers here are taking a position on the district's trajectory rather than on a finished product. Deira itself remains one of the densest commercial districts in the city, so the surrounding tenant and retail base is established rather than speculative.
AMENITIES & SURROUNDING
Sunset Bay 2 is an Imtiaz development, and residential buildings of this type on Dubai Islands are typically delivered with a pool deck, a gymnasium, landscaped podium space and covered parking. The wider Dubai Islands masterplan is planned around public beaches, a marina, hotel resorts and a beachfront promenade, and it is the beach frontage rather than the individual building that carries the district's value proposition. This particular unit sits on a low-to-mid floor between the 3rd and 7th with a community view rather than a sea aspect, which is reflected in the price per square foot. The established souks, restaurants and waterfront of Deira are a short drive across the bridge, and Dubai Festival City lies further south along the creek. Service charges on Dubai Islands buildings are not yet proven across a full operating cycle, and that is worth allowing for in any yield assumption.
MARKET
At AED 1,839 per square foot, this is priced well below the beachfront towers elsewhere on Dubai Islands, and the 15.2% reduction against original price plus DLD is a genuine discount rather than a nominal one. The payment structure is short: after transfer there are only two instalments, and both fall within the next sixteen months. That suits a buyer who wants to be fully paid up by early 2027 and then let or resell. The district's risk is delivery pace. Dubai Islands has a large programme of hotels and residential towers still to complete, and the amenity that justifies the pricing arrives with them. A community-view unit is also more exposed to future construction blocking or changing the outlook than a sea-facing one. At 998 sq.ft the unit is large for a one-bedroom apartment, and floor area is one of the few attributes a buyer can rely on when comparing across a district that is still establishing its price bands.
CONCLUSION
This unit suits a buyer who wants scale for the money on Dubai Islands and is comfortable with a community rather than sea aspect. At 998 sq.ft it is generously sized for a one-bedroom, the discount to original price is material, and the remaining payments are short-dated and modest. The cautions are the district's construction pace and the risk that future towers alter the outlook from a low-to-mid floor. Every figure on this page is taken from the seller's published listing. Confirm the completion date, the service charge and the immediate development plots with us before you act, and we can arrange an introduction to the seller's agent. We can also confirm whether the two remaining instalments can be settled early.
Location
SUNSET BAY 2 — Dubai Islands
Illustrative model
Scenario modeller
Set your own assumptions and see how DISTRESS DEAL: 1-BR IN SUNSET BAY 2 behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
Enter the asking price to run the model.
Every figure recalculates as you type. Use the price you are considering.
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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