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 17 June 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 870,000 |
| Payment to seller | AED 870,000 |
| DLD Transfer fee 4% + 40 AED | AED 34,840 |
| DLD Registration Trustee fee + 5%VAT | AED 5,250 |
| Buyer's agent comission 2% + 5%VAT | AED 18,270 |
| Total on Transfer | AED 928,360 |
| Total remaining Payment Plan | AED 0 |
| TOTAL COST FOR BUYER | AED 928,360 |
Photography
Distress Deal
This ready and vacant 1-bedroom apartment in Zada Tower, Business Bay, is offered at AED 870,000, reflecting an 11.7% discount to the commonly referenced market price of AED 985,000. The unit spans 410 sq.ft, resulting in an entry basis of AED 2,122 per sq.ft. For context, recent Dubai Land Department transactions in Zada Tower for similar 1-bedroom layouts have ranged from AED 1,050,000 to AED 1,100,000 (AED 2,095–2,231 per sq.ft for 470–525 sq.ft units). This deal is therefore positioned below recent closing prices, with the added advantage of a fully furnished, mid-floor (levels 10–20) apartment featuring pool and community views and a balcony. The immediate investment thesis is straightforward: a cash buyer can secure a completed, furnished, and vacant asset in a central Dubai location at a visible discount to both current listings and recent sales, with no payment plan or handover risk.
Zada Tower is situated in the heart of Business Bay, one of Dubai’s most active mixed-use districts. The location offers direct connectivity to Sheikh Zayed Road, Downtown Dubai, and Dubai Canal, making it attractive for both residents and tenants seeking access to the city’s commercial and leisure hubs. The nearest metro station is approximately a 12-minute walk, supporting both end-user and rental demand. Taxi and ride-hailing services are readily available, and the area is well-served by bus routes. For investors, this central positioning enhances both rental pool depth and resale liquidity, as Business Bay continues to attract a broad tenant base ranging from young professionals to corporate tenants seeking proximity to Downtown and DIFC.
Zada Tower, developed by Damac, is a 30-storey residential building completed in 2023. The project comprises 699 one-bedroom apartments and offers a range of amenities designed for urban living. Residents benefit from a temperature-controlled swimming pool, fitness centre, landscaped gardens, children’s playground, podium parking, and an outdoor cinema. The building includes four basement levels for parking, supporting practical day-to-day living. The surrounding Business Bay district is fully established, with retail, dining, and leisure options within walking distance. Proximity to Dubai Mall, Bay Avenue, and the Dubai Canal promenade further enhances the lifestyle offering for both owners and tenants. The area’s infrastructure is mature, with supermarkets, pharmacies, and essential services readily accessible.
At AED 2,122 per sq.ft, this unit is priced below recent transaction levels for comparable 1-bedroom apartments in Zada Tower, which have closed between AED 2,095 and AED 2,231 per sq.ft. The furnished, ready, and vacant status is a practical advantage in a market where many listings are either tenanted or require additional fit-out. Business Bay’s rental market remains active, with strong demand for compact, well-located units from both long-term tenants and short-stay operators. Liquidity in the 1-bedroom segment is supported by the area’s broad appeal and the ongoing demand from professionals working in Downtown, DIFC, and the surrounding commercial corridors. The main risk points are the volume of similar stock in the area and the potential for service charges to impact net yields. However, the below-market entry price provides a buffer against short-term volatility and supports a disciplined underwriting approach, with gross yields likely to remain in the mid-single-digit range based on current rental benchmarks.
For investors seeking immediate exposure to Dubai’s central apartment market, this Zada Tower 1-bedroom offers a clear value case. The unit is ready, vacant, and furnished, with a visible discount to both current market listings and recent sales. The Business Bay location ensures depth of tenant demand and supports future resale prospects. The main considerations are the competitive nature of the area’s rental market and the need to account for ongoing service charges. Provided these factors are weighed appropriately, the deal presents a straightforward, cash-led entry into a completed project by a recognised developer, with practical rental and resale utility. The discount is meaningful in the context of recent transaction data, making this a pragmatic choice for investors focused on immediate usability and central Dubai positioning.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: 1-BR IN ZADA TOWER 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 actually considering.
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.
ZADA TOWER — Business Bay, Dubai
