This one-bedroom apartment in Sunset Bay 2, Dubai Islands, is offered at AED 1,680,000 against an original price plus the 4% DLD fee of AED 1,947,116 — a reduction of AED 267,116, or 13.7%. At 990 sq.ft the entry basis is AED 1,697 per sq.ft on built-up area, which is a generous floor plate for a one-bedroom at this price point. The payment structure is straightforward and unusually clean for an off-plan resale: AED 1,046,098 falls due at transfer, of which AED 931,109 goes to the seller, and a single completion payment of AED 748,891 is due on 15 January 2027. Total cost to the buyer is AED 1,794,989. There is no drawn-out instalment ladder to inherit — one payment, one date, and the unit completes.
Imtiaz · Dubai Islands
DISTRESS DEAL: 1-BR IN SUNSET BAY 2
- Unit
- 1-BR
- Size
- 990 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 19 September 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.
On this page
Quick navigation
The numbers
Payment breakdown
- Payment to sellerAED 931,109
- DLD Transfer fee (4% of OP + 40 AED)AED 74,929
- Trustee Office FeeAED 4,200
- Buyer's Agency Commission (2% + VAT)AED 35,280
- Title Deed FeeAED 580
- Total on transferAED 1,046,098
- On Completion (15-JAN-2027)AED 748,891
- Total remaining payment planAED 748,891
This unit has sold. Tell us what you are looking for and we will send the deals that are open now.
Show me deals like this oneUnit details
- Property type
- Apartment
- Floor
- 3–7
- View
- Community
- Features
- Balcony with jacuzzi
Photography
Gallery
Distress Deal
PROJECT DESCRIPTION
OVERVIEW
LOCATION & TRANSPORT
Dubai Islands is the reworking of the former Deira Islands scheme, a set of five islands off the Deira coastline now being developed as a mixed waterfront district of hotels, beaches and mid-rise residential. It is a genuinely early-stage location, and that is the central fact for a buyer: the infrastructure and the beach frontage are being delivered alongside the buildings rather than ahead of them. Access is by road via Infra Road and the Deira corniche, connecting to Al Khaleej Street and from there to the wider network. The area is not metro-served, and residents here will drive; the nearest stations sit inland in Deira and are not walkable from the islands. Dubai International Airport is unusually close for a waterfront address, which matters for a buyer intending short-let use once the district's hotel and beach infrastructure is running. What Dubai Islands offers against established waterfront districts is entry pricing several multiples below Palm Jumeirah or Dubai Harbour for a comparable sea-adjacent position, and the trade is timing and the maturity of the surroundings.
AMENITIES & SURROUNDING
Sunset Bay 2 is developed by Imtiaz, which has built a series of mid-rise residential projects across Dubai Islands and the wider northern corridor. This particular unit sits on the third to seventh floor band with a community outlook and carries a balcony with a jacuzzi — a specification detail that is unusual at this price and is the kind of thing that differentiates one one-bedroom from the next when a buyer is comparing several. The broader Dubai Islands masterplan includes beach access, marina berths and a hotel cluster, though a buyer should treat the delivery timeline for district-level amenities separately from the handover date of the building itself, because the two do not move together. What a buyer can verify today is the building: floor band, aspect, size and specification are all stated, and the jacuzzi is a fixture rather than a promise about the district.
MARKET
At AED 1,697 per sq.ft this sits at the lower end of Dubai's waterfront-adjacent pricing, which is the point of the district. We hold a second Sunset Bay 2 one-bedroom at 998 sq.ft and AED 1,835,000, giving AED 1,838 per sq.ft, so this unit is both marginally smaller and meaningfully cheaper per foot. That is the most direct comparison available and it favours this unit. The risks attach to the district rather than the deal. Dubai Islands has a substantial supply pipeline and a concentration of similar mid-rise product, so rental depth and resale liquidity at completion will depend on how much of that pipeline lands at once. Handover is Q1 2027, so there is no income before then, and a buyer is underwriting the area's maturity as much as the building.
CONCLUSION
This suits a buyer looking for waterfront-adjacent exposure at an entry price, who is comfortable with an early-stage district and a completion in early 2027. The AED 267,116 reduction is measured against what the first buyer contracted to pay, not against a valuation, and we have not attached one. The clean structure is the practical attraction: a single completion payment on a stated date, with no instalment ladder to service in between. The single completion payment also means the buyer's exposure between transfer and handover is a known amount on a known date rather than a schedule that can be accelerated.
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.
More deals
The latest distress deals
The most recently listed deals that were still available when we last checked. Sold units are not shown here.

Rashid Yachts and Marina
DISTRESS DEAL: 1-BR IN OCEAN POINT - TOWER 2
- Price / sq.ft
- AED 1,908
- Developer
- Emaar

Emaar Beachfront
DISTRESS DEAL: 1-BR IN SEAPOINT - TOWER 2
- Size
- 764 sq.ft
- Price / sq.ft
- AED 3,442
- Developer
- Emaar
- Handover
- Q2 2028

Bluewaters Island
DISTRESS DEAL: 2-BR + Maid's IN BLUEWATERS BAY - BUILDING 1
- Size
- 1,670 sq.ft
- Price / sq.ft
- AED 3,145
- Developer
- Meraas
- Handover
- Q3 2027

Sobha Hartland II
DISTRESS DEAL: 2-BR IN SKYSCAPE ALTIUS
- Size
- 1,268 sq.ft
- Price / sq.ft
- AED 2,129
- Developer
- Sobha
- Handover
- Q4 2028

Emaar Beachfront
DISTRESS DEAL: BULK DEAL - 9 APARTMENTS IN BAYVIEW - TOWER 1
- Size
- 10,041 sq.ft
- Price / sq.ft
- AED 4,681
- Developer
- Emaar
- Handover
- Q2 2027

Dubai Harbour
DISTRESS DEAL: 1-BR IN PALACE BEACH RESIDENCE - TOWER 2
- Size
- 796 sq.ft
- Price / sq.ft
- AED 2,450
- Developer
- Emaar
Read next
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.
The gold rule under an entry is its length, against the longest piece here.
Guides
How to Buy Dubai Property from Overseas
Power of attorney, attestation country by country, remote AML checks, funding the purchase, and remote signing against a short trip.
How to Buy Ready (Secondary) Property in Dubai
The fixed sequence the Land Department sets for a resale — an agreed Form F, a deposit, a developer NOC and the Trustee Office transfer.
Pre-Handover Assignment (Off-Plan ‘Flipping’) in Dubai: How It Works
Assigning an off-plan unit before handover — the developer NOC and minimum-paid rules, the fees that come off the profit, and when it still loses money.
Off-Plan Payment Plans in Dubai Explained: 10/90, 50/50 and Post-Handover
Construction-linked and post-handover structures, what escrow protects at each stage, and what happens if a later instalment cannot be funded.
NOC (No Objection Certificate) for a Dubai Property Purchase
What the developer’s certificate confirms, how service-charge clearance runs through Mollak, and the usual reasons issuance is delayed.
How to Vet a Dubai Developer Before You Buy
Brochures are marketing; DLD registration, project escrow status and broker licensing are checkable public facts. How to verify all three.
A Due-Diligence Checklist for Buying in Dubai
Who owns the title, whether the unit carries a mortgage or a restriction, and whether its service charges are current. In order, with the tool that verifies each.
The True Cost of Buying Property in Dubai: All Fees Explained
Transfer, trustee office, agency commission, developer NOC and the mortgage costs, each set against the Land Department’s own published figures.
Mortgages for Non-Residents in Dubai
What a genuine non-resident can borrow, as distinct from a UAE-resident expatriate, which banks lend, and how a purchase is completed remotely.
Capital Gains & Property Tax in Dubai: What Investors Actually Pay
What an individual owner is and is not charged here, which transaction cost is the real one, and why your home-country position is a separate question.
Articles
How to Buy a Cancellation Unit in Dubai: Strategic Guide
A cancellation unit is a launch booking the first buyer lost — how they reach the market, and the steps to secure one at launch pricing.
How to Buy Dubai Property During Crisis and Build a Portfolio at Peak Fear
The historical entry points, yields by district, and a contrarian acquisition process for buying when confidence is at its lowest.
Buying a Resale Property in Dubai: Step-by-Step Guide for Investors
The process, the legal steps, the costs and the mortgage options, for residents and international investors alike.
How to Buy Property in Dubai as a Foreign Investor: Step-By-Step Guide
Costs, the legal process, the risks, and how to structure the investment — written for a buyer outside the UAE.
Buying Off-Plan Property in Dubai: Primary Market Guide
The primary market end to end. EOIs, SPAs, payment plans, Oqood, escrow, resales and mortgages.
Residential Mortgages in Dubai: Guide for Expats and Investors
Rates, loan-to-value limits, eligibility, fees and the documents a lender asks for, for residents and investors.














