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 12 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
The numbers
| UNIT PRICE | AED 2,900,000 |
| 1. Payment to seller | AED 1,664,000 |
| 2. DLD Transfer fee 4% + 40 AED | AED 116,040 |
| 3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
| 4. Buyer's agent commission 2% + 5% VAT | AED 60,900 |
| 15.05.2027 | AED 1,236,000 |
| Total on Transfer | AED 1,846,190 |
| Total remaining Payment Plan | AED 1,236,000 |
| TOTAL COST FOR BUYER | AED 3,082,190 |
Photography
Distress Deal
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.
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.
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.
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.
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.
Illustrative model
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.
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.
DESIGN QUARTER — Dubai Design District
