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 RIXOS FINANCIAL CENTRE — distress deal in Downtown Dubai from Mitchell's Commercial Real EstateRIXOS FINANCIAL CENTRE · Downtown Dubai

Das Real Estate · Downtown Dubai

DISTRESS DEAL: 2-BR IN RIXOS FINANCIAL CENTRE

Asking price as listedAED 4,542,900AED 2,594 per sq.ft
Original price + DLDAED 4,973,280
DiscountAED 430,3808.7% below original price
Unit
2-BR
Size
1,752 sq.ft
Developer
Das Real Estate
Handover
Q2 2027

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

Sold
Listed 13 April 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 13 April 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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Payment breakdown

Total cost for buyer, as listedAED 4,825,306The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 4,542,900
Fees and commissionAED 282,406
Step 01Due at transferAED 2,673,406Payable when the unit transfers to the buyer.
  • Payment to sellerAED 2,391,000
  • DLD Transfer fee 4% + 40 AEDAED 181,756
  • DLD Registration Trustee fee + 5% VATAED 5,250
  • Buyer's agent commission 2% + 5% VATAED 95,400
  • Total on transferAED 2,673,406
Step 02Payable to Das Real Estate after transferAED 2,151,900The balance of the payment plan, which the buyer takes over.
  • 15-MAY-2026AED 239,100
  • On Handover (30-JUNE-2027)AED 1,912,800
  • Total remaining payment planAED 2,151,900

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Floor plan

Floor plan for DISTRESS DEAL: 2-BR IN RIXOS FINANCIAL CENTRE

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This 2-bedroom corner apartment in Rixos Financial Centre Road is offered as a distress deal at AED 4,542,900, reflecting an 8.7% discount from the original price of AED 4,973,280. The unit spans 1,752 sq.ft, placing the entry price at AED 2,594 per sq.ft. Positioned on a high floor (levels 50-58), it offers city and canal views, with a balcony included. Handover is scheduled for Q2 2027, and the payment plan allows for staged payments through construction and at handover. The immediate investment thesis is clear: this is an off-plan, branded residence in Downtown Dubai, with a below-market entry and a payment structure that reduces upfront capital exposure. For investors, the case is not about speculative launches or unproven locations; it is a direct play on a recognised hospitality brand, a prime Downtown address, and a clear discount to the developer’s original pricing.

LOCATION & TRANSPORT

Rixos Financial Centre Road is located in the heart of Downtown Dubai, a district known for its connectivity and urban infrastructure. The building’s position on Financial Centre Road places it within walking distance of Dubai Mall, the Burj Khalifa, and the DIFC business district. Public transport is well developed, with the Dubai Metro’s Burj Khalifa/Dubai Mall station nearby, and extensive taxi and ride-hailing coverage. For drivers, Sheikh Zayed Road and Al Khail Road are easily accessible, supporting both local and city-wide commutes. The central location is a key factor for both end-users and tenants, as it provides immediate access to retail, dining, and business hubs, making the property suitable for professionals, corporate tenants, and families seeking a Downtown lifestyle with practical transport links.

AMENITIES & SURROUNDING

The Rixos Financial Centre Road project is a 75-storey residential tower designed by Aedas Ltd, with interiors by XBD Collective. Residents will have access to a comprehensive suite of amenities, including a sky lounge swimming pool on the 65th floor with Jacuzzi and hydromassage, podium-level pools, a Wellness Centre with Turkish Hammam, sauna, steam room, and treatment rooms. Additional facilities include a gymnasium, yoga deck, outdoor fitness areas, padel tennis court, running track, games room, children’s playground and pool, concierge, housekeeping, and valet parking. The building also features a residents’ lounge, boardroom, and in-house maintenance. Ownership comes with access to global VVIP benefits through the Accor network, including the Accor Live Limitless (ALL) loyalty programme with Diamond status. The surrounding Downtown area is fully established, offering retail, dining, and entertainment options within walking distance, as well as proximity to major business and leisure destinations.

MARKET

At AED 2,594 per sq.ft, this unit is priced below the original developer launch and sits competitively within the branded residences segment of Downtown Dubai. The Rixos brand and high-rise positioning support both rental and resale demand, particularly among international buyers and tenants seeking managed, amenity-rich environments. The payment plan structure—60% during construction, 40% on handover—reduces capital lock-up and may appeal to investors seeking staged exposure. The main underwriting considerations are construction risk (handover in Q2 2027), service charges typical of branded towers, and the evolving supply pipeline in Downtown. However, the combination of a recognised hospitality brand, a central address, and a visible discount to original pricing provides a buffer against market volatility. Liquidity is supported by the area’s established transaction history and ongoing demand for branded, centrally located apartments. Rentability is underpinned by proximity to business and leisure hubs, with corporate and executive tenants forming a core demand segment.

CONCLUSION

This distress deal in Rixos Financial Centre Road is most compelling for investors seeking Downtown Dubai exposure with a branded, amenity-led product and a clear discount to launch pricing. The payment plan reduces upfront risk, and the high-floor, corner layout with city and canal views enhances both rental and resale prospects. The main risks are construction timeline and ongoing service charges, but these are balanced by the project’s central location, brand credibility, and comprehensive amenity offering. For buyers comfortable with off-plan exposure and seeking a Downtown asset with strong end-user and tenant appeal, this deal offers a disciplined entry point into one of Dubai’s most resilient real estate corridors. The underlying thesis—a discounted, branded Downtown apartment with flexible payment terms—remains clear and investor-focused.

Location

RIXOS FINANCIAL CENTRE — Downtown Dubai

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Illustrative model

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Set your own assumptions and see how DISTRESS DEAL: 2-BR IN RIXOS FINANCIAL CENTRE behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Purchase

The price you are considering.

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Holding & income

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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.

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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.

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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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