This 1.5-bedroom apartment in Sobha One Tower A is offered as a distress deal at AED 1,395,000, representing a 16.2% discount from the original price of AED 1,664,000. The unit spans 733 sq.ft, setting the entry point at AED 1,903 per sq.ft. For context, recent off-plan transactions in Sobha One have registered at AED 2,115–2,435 per sq.ft for comparable 1- and 2-bedroom layouts, indicating a meaningful discount to the latest developer and resale benchmarks. The property is scheduled for completion in Q2 2027, with a payment plan that requires AED 810,905 on transfer and AED 674,480 on handover, resulting in a total buyer cost of AED 1,485,385 including fees. The immediate thesis is clear: this is an early-stage, below-market entry into a branded Sobha project, with the discount providing a buffer against construction risk and future market shifts.
SOBHA ONE · Ras Al KhorSobha · Ras Al Khor
DISTRESS DEAL: 1.5-BR IN SOBHA ONE
- Unit
- 1.5-BR
- Size
- 733 sq.ft
- Developer
- Sobha
- Handover
- Q2 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 31 March 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.
On this page
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The numbers
Payment breakdown
- Payment to sellerAED 720,520
- DLD Transfer fee 4% + 40 AEDAED 55,840
- DLD Registration Trustee fee + 5% VATAED 5,250
- Buyer's agent commission 2% + 5% VATAED 29,295
- Total on transferAED 810,905
- On HandoverAED 674,480
- Total remaining payment planAED 674,480
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Floor plan
Distress Deal
PROJECT DESCRIPTION
OVERVIEW
LOCATION & TRANSPORT
Sobha One is positioned in Ras Al Khor, an area undergoing significant transformation as part of Dubai’s wider urban expansion. The project’s location offers direct access to key arterial roads, including Ras Al Khor Road and Al Ain Road, facilitating straightforward commutes to Downtown Dubai, Business Bay, and Dubai International Airport. Public transport options are developing, with bus routes serving the area and future infrastructure expected to improve connectivity further. For investors, the location’s proximity to both established business districts and emerging lifestyle destinations enhances the appeal to a broad tenant base, from professionals to small families seeking convenience and accessibility without the premium pricing of central Dubai.
AMENITIES & SURROUNDING
Sobha One is a multi-tower development by Sobha Realty, designed to offer a comprehensive residential environment. Planned amenities include landscaped gardens, swimming pools, fitness centres, children’s play areas, and dedicated retail spaces within the complex. The project is expected to feature a golf course and extensive leisure facilities, aligning with Sobha’s reputation for integrated community living. Surrounding infrastructure is set to mature alongside the project, with nearby schools, healthcare centres, and shopping destinations serving residents’ daily needs. The wider Ras Al Khor area is also home to the Ras Al Khor Wildlife Sanctuary, providing a unique natural amenity within reach of the development. As the area continues to develop, residents will benefit from a blend of urban convenience and green space, supporting both end-user and rental demand.
MARKET
At AED 1,903 per sq.ft, this unit is priced below recent transaction levels in Sobha One, where 1-bedroom units have traded at AED 2,435 per sq.ft and 2-bedroom units at AED 2,115–2,300 per sq.ft. This positions the deal attractively for investors seeking early-stage exposure at a discount to both developer and secondary market pricing. The Ras Al Khor corridor is drawing increasing attention from buyers priced out of Downtown and Dubai Creek Harbour, with Sobha’s brand recognition supporting resale and rental liquidity. The 1.5-bedroom layout is likely to appeal to singles, couples, or small families, broadening the tenant pool. Key risk points include construction and handover timing, as well as the pace of area infrastructure delivery. However, the discount provides a margin of safety, and the payment plan structure allows for staged capital deployment, which can be advantageous in a shifting market environment.
CONCLUSION
For investors seeking a discounted entry into a branded off-plan Dubai project, this 1.5-bedroom in Sobha One offers a compelling case. The 16.2% discount to original price, combined with a payment plan and a location positioned for future growth, creates a balanced risk-reward profile. The main considerations are construction timeline and the evolution of Ras Al Khor as a residential destination, but the pricing leaves room for both capital appreciation and rental yield once the project is delivered. This deal is best suited to buyers comfortable with off-plan risk who value a lower entry basis and are prepared to hold through to completion. If the area’s infrastructure and Sobha’s delivery track record continue on their current trajectory, the case for long-term value is credible, with the discount serving as a practical hedge against market volatility.
Location
SOBHA ONE — Ras Al Khor, Dubai
Illustrative model
Scenario modeller
Set your own assumptions and see how DISTRESS DEAL: 1.5-BR IN SOBHA ONE 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.
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