Palm Jumeirah AED 3,558/sqftDubai Maritime City AED 3,148/sqftDowntown Dubai AED 2,920/sqftDubai Islands AED 2,769/sqftDubai Creek Harbour AED 2,564/sqftBusiness Bay AED 2,511/sqftDubai Marina AED 2,484/sqftDubai Hills Estate AED 2,446/sqftJumeirah Lakes Towers AED 2,304/sqftMohammed Bin Rashid City AED 2,098/sqftAl Jaddaf AED 2,048/sqftJumeirah Village Triangle AED 1,664/sqftDubai South AED 1,651/sqftArjan AED 1,588/sqftJumeirah Village Circle AED 1,492/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,558/sqftDubai Maritime City AED 3,148/sqftDowntown Dubai AED 2,920/sqftDubai Islands AED 2,769/sqftDubai Creek Harbour AED 2,564/sqftBusiness Bay AED 2,511/sqftDubai Marina AED 2,484/sqftDubai Hills Estate AED 2,446/sqftJumeirah Lakes Towers AED 2,304/sqftMohammed Bin Rashid City AED 2,098/sqftAl Jaddaf AED 2,048/sqftJumeirah Village Triangle AED 1,664/sqftDubai South AED 1,651/sqftArjan AED 1,588/sqftJumeirah Village Circle AED 1,492/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 1-BR IN SUNSET BAY 2 — distress deal in Dubai Islands from Mitchell's Commercial Real EstateSUNSET BAY 2 · Dubai Islands1 / 12

Imtiaz · Dubai Islands

DISTRESS DEAL: 1-BR IN SUNSET BAY 2

Asking price as listedAED 1,680,000AED 1,697 per sq.ft
Original price + DLDAED 1,947,116
DiscountAED 267,11613.7% below original price
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.

Sold
Listed 19 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 19 September 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

Total cost for buyer, as listedAED 1,794,989The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 1,680,000
Fees and commissionAED 114,989
Step 01Due at transferAED 1,046,098Payable when the unit transfers to the buyer.
  • 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
Step 02Payable to Imtiaz after transferAED 748,891The balance of the payment plan, which the buyer takes over.
  • On Completion (15-JAN-2027)AED 748,891
  • Total remaining payment planAED 748,891

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Unit details

Property type
Apartment
Floor
3–7
View
Community
Features
Balcony with jacuzzi

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

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.

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

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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.

Purchase

The price you are considering.

Drives the service charge only.

Rent and service charge both start here.

Holding & income

Your figure. We have not assumed one.

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.

Your figure — we publish none. Look your building up on Mollak — rates run AED 3 to AED 30+.

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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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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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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