Palm JumeirahAED 3,594/sqftDubai Maritime CityAED 3,132/sqftDowntown DubaiAED 2,917/sqftDubai IslandsAED 2,760/sqftDubai Creek HarbourAED 2,565/sqftBusiness BayAED 2,549/sqftDubai MarinaAED 2,495/sqftDubai Hills EstateAED 2,444/sqftJumeirah Lakes TowersAED 2,285/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,047/sqftJumeirah Village TriangleAED 1,664/sqftDubai SouthAED 1,647/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,500/sqftDubai Sports CityAED 1,329/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm JumeirahAED 3,594/sqftDubai Maritime CityAED 3,132/sqftDowntown DubaiAED 2,917/sqftDubai IslandsAED 2,760/sqftDubai Creek HarbourAED 2,565/sqftBusiness BayAED 2,549/sqftDubai MarinaAED 2,495/sqftDubai Hills EstateAED 2,444/sqftJumeirah Lakes TowersAED 2,285/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,047/sqftJumeirah Village TriangleAED 1,664/sqftDubai SouthAED 1,647/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,500/sqftDubai Sports CityAED 1,329/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO SEP 2026

Distress Deal

DISTRESS DEAL: 1-BR IN SUNSET BAY 2

Available
Listed 19 September 2026Status confirmed 17 September 2026

Available when we last checked on 17 September 2026. The asking price shown is the one published when the listing was added on 19 September 2026, -2 days before that check, and it is not re-checked against the market automatically. Confirm availability and price with us before you act on it.

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The numbers

Payment breakdown

UNIT PRICE AED 1,680,000

PAYMENTS ON TRANSFER

Payment to seller AED 931,109
DLD Transfer fee (4% of OP + 40 AED) AED 74,929
Trustee Office Fee AED 4,200
Buyer's Agency Commission (2% + VAT) AED 35,280
Title Deed Fee AED 580

PAYMENT PLAN SCHEDULE

On Completion (15-JAN-2027) AED 748,891

SUMMARY

Total on Transfer AED 1,046,098
Total remaining Payment Plan AED 748,891
TOTAL COST FOR BUYER AED 1,794,989

KEY FACTS

Original price + DLD 4% AED 1,947,116
Asking price AED 1,680,000
Discount AED 267,116 (13.7%)
Developer Imtiaz
Sub-community Dubai Islands
Property type Apartment
Built-up area 990 sq.ft
Price per sq.ft (BUA) AED 1,697
Bedrooms 1
Floor 3–7
View Community
Features Balcony with jacuzzi
Handover Q1 2027

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. Floor plan available on request.

Location

SUNSET BAY 2Dubai 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.

Listed
19 September 2026

The date this listing was added to our records. The asking price below is the one published then, and was still -2 days old when we last checked this listing on 17 September 2026. It is not re-checked against the market automatically, so confirm it with us before relying on it.

Below original price
13.7%

As stated on this listing: the asking price measured against the original purchase price recorded for this unit. It is not a discount to current market value and not a valuation — a unit priced below what it originally sold for may still be at or above what comparable units achieve today. Check the registered comparables before treating the gap as equity. It is not used in any calculation below.

Asking price per sq.ft
AED 1,697/sqft

The asking price divided by the stated size. Compare it against registered sales in the same building before deciding whether the asking price is competitive.

Handover
Q1 2027

As stated on this listing. Rent cannot start before handover, so on an incomplete unit the early years of the schedule below are holding cost only.

Purchase

Seeded from this page — change it to your figure.

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.

Total cash investedThe purchase price plus every cost of getting the keys. It is the denominator of the ROI, ROE and IRR figures.
AED 1.78M
Price plus every acquisition cost
Illustrative exit price
AED 1.68M
After 5 yr at 0.0% p.a.
Total profit, capital onlyCapital movement over the hold, less every purchase and sale cost and the service charge. It carries no rental income at all, because no rent has been set.
Set service charge, maintenance & management, vacancy allowance above
Net yieldNet operating income (rent collected less management, maintenance and service charge) divided by the purchase price. It cannot be calculated until a gross annual rent is set.
Set a gross annual rent
Cash out, and cash back over 5 years
Cash out at t0AED 1,782,480
Cash back, years 1–5

Set service charge, maintenance & management, vacancy allowance above to see cash back — until then this figure would be assuming zero for them.

Cash required at completion
Purchase priceAED 1,680,000
DLD transfer fee (4%)AED 67,200
Agency fee (2%)AED 33,600
VAT on agency fee (5%)AED 1,680
Conveyancing, trustee & adminAED 0
Total cash investedAED 1,782,480

This is the ROI and IRR denominator: the price plus every cost of getting the keys, not the price alone.

No rental evidence is held for this unit. The rent figure is yours to set — we have not assumed one. Until you enter a gross annual rent, the yield, ROI/ROE and IRR figures reflect capital movement and costs only.

Annual operating position
Gross annual rentAED 0
Vacancy allowance (not set)
Maintenance & management (not set)
Service charge (990 sq ft at AED — not set)
Net operating income

Figures marked “—” need service charge, maintenance & management, vacancy allowance entered above — we do not compute them on an assumed zero.

Cash-flow schedule — the 5-year figures the IRR is solved from (incomplete — see note)
YearNet operating incomeSale proceeds, netNet cash flow
0 · today−AED 1,782,480
1AED 0AED 0
2AED 0AED 0
3AED 0AED 0
4AED 0AED 0
5AED 0AED 1,644,720AED 1,644,720
Years 1–5AED 0AED 1,644,720AED 1,644,720
Less the year-0 outflow of AED 1,782,480 → total profit−AED 137,760

Exit at year 5: illustrative sale price AED 1,680,000 less selling costs AED 35,280 = AED 1,644,720 net. The final column is the schedule the IRR is solved from. Rent is held flat in nominal terms — the rent-growth field is at 0% — as is the service charge, so no inflation is assumed on either side. This audit table is arithmetic, so every row must resolve to a number — but service charge, maintenance & management, vacancy allowance are not set above, and the figures here currently assume zero for them. Nothing on this table should be read as a result until you set them; the headline tiles above withhold theirs for exactly this reason.

Sensitivity — the same purchase at −5% to +5% exit growth
Exit growthExit priceTotal profitROIIRR
−5% p.a.AED 1.30M
−3% p.a.AED 1.44M
0% p.a.your figureAED 1.68M
3% p.a.AED 1.95M
5% p.a.AED 2.14M

Each row re-runs the whole model with only the exit growth rate changed, over the same 5-year hold. The 0% and negative rows are not a worst case — they are simply what the same purchase returns if prices do not rise. Dubai prices have fallen in the past and can fall again. The return columns are shown as “—” until a gross annual rent is set; the total profit column reflects capital movement, purchase and sale costs and the service charge only.

How each figure is calculated
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.

Email my results

We’ll send this scenario — your assumptions and the figures they produce — to your inbox.

Set service charge, maintenance & management, vacancy allowance above and we can email you this scenario. Until then every headline figure reads “—”, because the model would otherwise be assuming zero for them — and we publish no figure for them.

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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