Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 2-BR IN DESIGN QUARTER — distress deal in Dubai Design District from Mitchell's Commercial Real EstateDESIGN QUARTER · Dubai Design District

Meraas · Dubai Design District

DISTRESS DEAL: 2-BR IN DESIGN QUARTER

Asking price as listedAED 2,900,000AED 2,449 per sq.ft
Original price + DLDAED 3,213,600
DiscountAED 313,6009.8% below original price
Unit
2-BR
Size
1,184 sq.ft
Developer
Meraas
Handover
Q2 2027

The discount is measured against the original price + DLD recorded for this unit, not against a valuation.

Sold
Listed 12 March 2026Status confirmed 17 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 12 March 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 3,082,190The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 2,900,000
Fees and commissionAED 182,190
Step 01Due at transferAED 1,846,190Payable when the unit transfers to the buyer.
  • Payment to sellerAED 1,664,000
  • DLD Transfer fee 4% + 40 AEDAED 116,040
  • DLD Registration Trustee fee + 5% VATAED 5,250
  • Buyer's agent commission 2% + 5% VATAED 60,900
  • Total on transferAED 1,846,190
Step 02Payable to Meraas after transferAED 1,236,000The balance of the payment plan, which the buyer takes over.
  • 15.05.2027AED 1,236,000
  • Total remaining payment planAED 1,236,000

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Floor plan

Floor plan for DISTRESS DEAL: 2-BR IN DESIGN QUARTERFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 2-BR IN DESIGN QUARTER

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This 2-bedroom in Design Quarter - Tower A is being offered as a Distress Deal at AED 2,900,000. Against the AED 3,213,600 original price plus DLD basis, the current ask shows a 9.8% below original price discount and a headline saving of AED 313,600. The unit is by Meraas, recorded at 1,184 sq.ft, and scheduled for handover in Q2 2027. That gives the buyer a clear number to underwrite today rather than a vague promise of future upside: the real question is whether this discounted basis is strong enough for the project, location and remaining construction timeline.

LOCATION & TRANSPORT

Design Quarter Tower A is located inside Dubai Design District, which places it within close proximity of several of the city’s established commercial and residential centres. The development lies approximately 2.4 kilometres from Downtown Dubai which contains landmarks including Burj Khalifa, Dubai Mall and Dubai Opera. Business Bay is located roughly 2.8 kilometres from the site and serves as one of Dubai’s primary office districts. For a buyer, that matters because accessibility and neighbourhood depth will influence both resale liquidity and the quality of the end-user audience once the project completes.

AMENITIES & SURROUNDING

The surrounding area contains a variety of leisure, lifestyle and cultural facilities associated with both Dubai Design District and nearby central neighbourhoods. Within approximately two kilometres are several attractions including KidZania, PVRK indoor entertainment venue and Dubai Ice Rink located at Dubai Mall. Parks and open spaces nearby include Bayside Park 7 and The Block urban park located about 0.5 kilometres from the development, along with Riviera West Park at approximately 1.5 kilometres. In practical terms, that surrounding amenity base is what turns a discounted off-plan listing from a spreadsheet idea into a liveable asset with clearer rental and resale support.

MARKET

Dubai Design District, commonly abbreviated as d3, is situated to the south east of Downtown Dubai and sits between Ras Al Khor Road and Al Khail Road. The district was conceived as a purpose built centre for the creative industries and hosts showrooms, offices, co working environments, event venues and hospitality developments. Over time residential buildings have been introduced in order to support a live work environment and extend the functioning of the district beyond working hours. At AED 2,449, the benchmark is not only other apartments in the same tower but also the limited pool of residential stock inside Dubai Design District and the nearby Downtown catchment. The district draws a mix of end users, executives and creative-industry tenants who value proximity to d3, Business Bay and Downtown more than outer-suburb space. A 9.8% below original price basis at AED 2,900,000 therefore carries real weight, because it gives the buyer a cleaner entry into a location where fresh residential supply is still relatively contained.

CONCLUSION

Overall, this Design Quarter - Tower A listing suits a buyer who values centrality and district character as much as the raw numbers. At AED 2,900,000 for 1,184 sq.ft, with 9.8% below original price already reflected and Q2 2027 still ahead, it offers a more disciplined way into d3 than paying full launch-style pricing for the same urban proposition.

Location

DESIGN QUARTER — Dubai Design District

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 2-BR IN DESIGN QUARTER 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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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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