Distress Deal
This unit has sold and is no longer available. 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 14 April 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.
On this page
The numbers
| UNIT PRICE | AED 1,635,000 |
| 1. Payment to seller | AED 814,729 |
| 2. DLD Transfer fee 4% + 40 AED | AED 65,440 |
| 3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
| 4. Buyer's agent commission 2% + 5% VAT | AED 34,335 |
| 40% Construction | AED 91,141 |
| 50% Construction | AED 91,141 |
| 60% Construction | AED 91,141 |
| On Handover | AED 546,848 |
| Total on Transfer | AED 919,754 |
| Total remaining Payment Plan | AED 820,271 |
| TOTAL COST FOR BUYER | AED 1,740,025 |
Photography
Distress Deal
This 1-bedroom apartment in The Quayside Residences, Business Bay, is offered as a distress deal at AED 1,635,000. The original price, including DLD fees, was AED 1,895,742, placing the current offer at a 13.8% discount, or AED 260,742 below the original basis. With a built-up area of 769 sq.ft, the entry price equates to approximately AED 2,126 per sq.ft. The apartment is positioned on a mid-level floor (levels 4 to 8) and includes a balcony and parking. Handover is scheduled for Q4 2026, with the unit sold on a payment plan, meaning the buyer can secure the asset with a partial upfront payment and staged instalments through to completion. The immediate investment case is the ability to acquire a new Ellington product in Business Bay at a visible discount to the original launch price, with the flexibility of a structured payment schedule and no need to wait for a future off-plan launch cycle.
The Quayside Residences is located in Business Bay, one of Dubai’s most active mixed-use districts. The area sits adjacent to Downtown Dubai, with direct access to Sheikh Zayed Road and Al Khail Road, supporting both private car and taxi-based mobility. Business Bay is also served by the Dubai Metro (Business Bay station), providing a public transport option for both residents and tenants. The district’s central location means that Dubai Mall, DIFC, and City Walk are all within a short drive, and the area is well-connected for both business and leisure tenants. For investors, this location profile supports both short- and long-term rental demand, as well as future resale liquidity, given the ongoing development and infrastructure maturity in the Business Bay corridor.
The Quayside is being developed by Ellington, a developer known for design-led residential projects. While the building is still under construction, the planned amenities include a swimming pool, fitness centre, landscaped gardens, and communal spaces. The project is expected to offer 24-hour security, concierge services, and dedicated parking for residents. The surrounding Business Bay area is already established, with a wide range of retail, dining, and service outlets within walking and short driving distance. The proximity to the Dubai Canal adds a waterfront element, while the neighbouring districts of Downtown and DIFC provide additional lifestyle and commercial infrastructure. The building’s amenities and the wider district’s facilities combine to create a practical living environment for both end-users and tenants.
At an entry price of AED 2,126 per sq.ft, this deal should be considered in the context of new-build, design-focused apartments in Business Bay. Ellington’s projects typically command a premium over generic stock due to their design and finish, and the payment plan structure can appeal to both investors and end-users seeking flexibility. The 13.8% discount to the original price provides a margin for buyers, but the unit remains priced above some older or less branded stock in the area. The main investor case is the ability to secure a new, mid-rise apartment in a central location with a staged payment plan and a visible discount to the original launch price. Rental demand in Business Bay is supported by the area’s business and lifestyle mix, but yields and liquidity will depend on the final handover quality, service charges, and the broader market cycle at the time of completion. Risks include construction timing, future supply in the district, and the need to underwrite realistic rent and resale assumptions rather than aggressive upside scenarios.
This 1-bedroom distress deal in The Quayside offers an investor the opportunity to enter the Business Bay market at a discount to the original price, with the added flexibility of a payment plan and a handover timeline targeting Q4 2026. The location supports both rental and resale demand, and the project’s amenity profile is in line with current expectations for new-build, design-led apartments in Dubai. The main strengths are the discount, the developer’s track record, and the central district positioning. The main risks are construction and market timing, as well as the need to monitor service charges and final handover quality. For investors seeking a balanced entry into Business Bay with a margin to the original price and a manageable payment structure, this deal presents a practical case. It is best suited to buyers comfortable with a two-year completion horizon and who value both design quality and central connectivity in their Dubai residential portfolio.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: 1-BR IN THE QUAYSIDE behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
Enter the asking price to run the model.
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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 Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.
THE QUAYSIDE — Business Bay, Dubai
