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DLD · MEDIAN 12M TO OCT 2026
AvailableDISTRESS DEAL: 2-BR + Maid's IN SAFA ONE - TOWER B — distress deal in Al Wasl from Mitchell's Commercial Real EstateSAFA ONE - TOWER B · Al Wasl1 / 15

Damac · Al Wasl

DISTRESS DEAL: 2-BR + Maid's IN SAFA ONE - TOWER B

Asking priceAED 4,038,012AED 1,977 per sq.ft
Original price + DLDAED 4,666,147
DiscountAED 628,13513.5% below original price
Unit
2-BR + Maid's
Size
2,042 sq.ft
Developer
Damac
Handover
Q2 2027
Enquire about this unitSee the floor plan

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

Available
Listed 15 October 2026

Available when we last checked. The asking price shown is the one published when the listing was added on 15 October 2026, and it is not re-checked against the market automatically. Confirm availability and price with us before you act on it.

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The numbers

Payment breakdown

Total cost for buyerAED 4,307,567The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 4,038,012
Fees and commissionAED 269,555
Step 01Due at transferAED 3,185,897Payable when the unit transfers to the buyer.
  • Payment to sellerAED 2,916,342
  • DLD Transfer fee (4% of OP + 40 AED)AED 179,507
  • Trustee Office FeeAED 5,250
  • Buyer's Agency Commission (2% + VAT)AED 84,798
  • Total on transferAED 3,185,897
Step 02Payable to Damac after transferAED 1,121,670The balance of the payment plan, which the buyer takes over.
  • On HandoverAED 1,121,670
  • Total remaining payment planAED 1,121,670

Ask us to walk through this schedule, or to confirm the current balance with the developer before terms are agreed.

Ask about these terms

Unit details

Property type
Apartment
Bedrooms
2 + Maid's
Floor
10-20
View
Park, Road
Balcony
Yes

Layout

Floor plans

Floor plan 1 for DISTRESS DEAL: 2-BR + Maid's IN SAFA ONE - TOWER BFloor plan 1View full size

Floor plan 1

Floor plan 1 for DISTRESS DEAL: 2-BR + Maid's IN SAFA ONE - TOWER B
Floor plan 2 for DISTRESS DEAL: 2-BR + Maid's IN SAFA ONE - TOWER BFloor plan 2View full size

Floor plan 2

Floor plan 2 for DISTRESS DEAL: 2-BR + Maid's IN SAFA ONE - TOWER B

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

The property is a two-bedroom apartment with a maid's room in Safa One - Tower B, a Damac development in Al Wasl. The stated size is 2,042 sq.ft. The unit sits in the 10 to 20 floor band, looks over the park and the road, has a balcony, and is scheduled for handover in Q2 2027.

The asking price is AED 4,038,012. The original price plus the 4% DLD fee is AED 4,666,147, so the reduction is AED 628,135, or 13.5% below original price. On the stated size the price works out at AED 1,977 per sq.ft, against AED 2,285 per sq.ft at the original price plus DLD. At transfer the buyer pays AED 3,185,897, of which AED 2,916,342 goes to the seller. The balance of AED 1,121,670 falls due to the developer on handover, with no instalment before it. The total cost for the buyer, including every transfer fee, is AED 4,307,567.

LOCATION & TRANSPORT

Safa One stands on Sheikh Zayed Road at the edge of Safa Park, with the Dubai Canal crossing the northern part of the park. The developer's location plan places Business Bay Metro station and the Burj Khalifa / Dubai Mall Metro station on the same Sheikh Zayed Road corridor to the north-east, so the Red Line is within reach without crossing the city. Aykon City sits close by on the opposite side of the highway.

By car, Sheikh Zayed Road gives direct access north to Downtown Dubai and DIFC and south towards Al Quoz and the Marina. Al Wasl Road runs parallel on the inland side and serves Jumeirah and City Walk. Business Bay lies to the north-east across Sheikh Zayed Road.

AMENITIES & SURROUNDING

Safa Park is the immediate neighbour, and this apartment's park view faces it. The park is one of the larger public green spaces in central Dubai, with open lawns, a lake, running tracks and sports courts. Boxpark, a retail and dining strip on Al Wasl Road, appears on the developer's plan to the north.

The developer's renders show planted terraces across both towers, a landscaped podium with a long pool deck, and a ground-floor arrival court. Interior renders show a stone and brass finish palette with full-height glazing. The Dubai Mall, the Dubai Fountain and Burj Khalifa are a short drive along Sheikh Zayed Road, and the Business Bay towers across Sheikh Zayed Road add offices, cafes and hotels within easy reach.

MARKET

The reduction is measured against the original price plus the 4% DLD fee. On that basis the apartment is offered at 13.5% below original price, or AED 308 per sq.ft below the original rate on the stated size. The listing records a park and road view from the 10 to 20 floor band, and the unit has a balcony.

The DLD transfer fee is AED 179,507. Because the asking price sits below the original price, the fee is struck on the original price, at 4% plus AED 40. The trustee office fee is AED 5,250 and the buyer's agency commission, at 2% plus VAT, is AED 84,798. Those items and the AED 2,916,342 payment to the seller make up the AED 3,185,897 due at transfer. The payment to the seller and the balance on handover together equal the asking price.

CONCLUSION

The apartment suits a buyer who wants a two-bedroom apartment with a maid's room on Sheikh Zayed Road with a view over Safa Park, from Damac, and a single payment left to make on handover in Q2 2027. It also suits an investor who prefers to commit most of the capital at transfer and hold through the final stage of construction.

AED 3,185,897 is paid at transfer and AED 1,121,670 on handover, for a total cost of AED 4,307,567. The price on the stated size is AED 1,977 per sq.ft. Before terms are agreed, a current statement of account should be obtained from the developer to confirm the amount paid to date and the balance outstanding.

Location

SAFA ONE - TOWER B — Al Wasl, Dubai

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 2-BR + Maid's IN SAFA ONE - TOWER B behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Listed
15 October 2026

The date this listing was added to our records. The asking price below is the one published then, and is not re-checked against the market automatically — confirm it with us before relying on it.

Below original price
13.5%

As stated on this listing: the asking price measured against the original purchase price recorded for this unit. It is not a discount to current market value and not a valuation — a unit priced below what it originally sold for may still be at or above what comparable units achieve today. Check the registered comparables before treating the gap as equity. It is not used in any calculation below.

Asking price per sq.ft
AED 1,977/sqft

The asking price divided by the stated size. Compare it against registered sales in the same building before deciding whether the asking price is competitive.

Handover
Q2 2027

As stated on this listing. Rent cannot start before handover, so on an incomplete unit the early years of the schedule below are holding cost only.

Purchase

Seeded from this page. Change it to your figure.

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.

Total cash investedThe purchase price plus every cost of getting the keys. It is the denominator of the ROI, ROE and IRR figures.
AED 4.28M
Price plus every acquisition cost
Illustrative exit price
AED 4.04M
After 5 yr at 0.0% p.a.
Total profit, capital onlyCapital movement over the hold, less every purchase and sale cost and the service charge. It carries no rental income at all, because no rent has been set.
—
Set service charge, maintenance & management, vacancy allowance above
Net yieldNet operating income (rent collected less management, maintenance and service charge) divided by the purchase price. It cannot be calculated until a gross annual rent is set.
—
Set a gross annual rent
Cash out, and cash back over 5 years
Cash out at t0AED 4,284,331
Cash back, years 1–5—

Set service charge, maintenance & management, vacancy allowance above to see cash back — until then this figure would be assuming zero for them.

Cash required at completion
Purchase priceAED 4,038,012
DLD transfer fee (4%)AED 161,520
Agency fee (2%)AED 80,760
VAT on agency fee (5%)AED 4,038
Conveyancing, trustee & adminAED 0
Total cash investedAED 4,284,331

ROI and IRR are calculated on this figure: the price plus every cost of getting the keys.

No rental evidence is held for this unit. The rent figure is yours to set — we have not assumed one. Until you enter a gross annual rent, the yield, ROI/ROE and IRR figures reflect capital movement and costs only.

Annual operating position
Gross annual rentAED 0
Vacancy allowance (not set)—
Maintenance & management (not set)—
Service charge (2,042 sq ft at a rate not yet set)—
Net operating income—

Figures marked “—” need service charge, maintenance & management, vacancy allowance entered above — we do not compute them on an assumed zero.

Cash-flow schedule — the 5-year figures the IRR is solved from (incomplete, see note)
YearNet operating incomeSale proceeds, netNet cash flow
0 · today——−AED 4,284,331
1AED 0—AED 0
2AED 0—AED 0
3AED 0—AED 0
4AED 0—AED 0
5AED 0AED 3,953,214AED 3,953,214
Years 1–5AED 0AED 3,953,214AED 3,953,214
Less the year-0 outflow of AED 4,284,331 → total profit−AED 331,117

Exit at year 5: illustrative sale price AED 4,038,012 less selling costs AED 84,798 = AED 3,953,214 net. The final column is the schedule the IRR is solved from. Rent is held flat in nominal terms — the rent-growth field is at 0% — as is the service charge, so no inflation is assumed on either side. This audit table is arithmetic, so every row must resolve to a number — but service charge, maintenance & management, vacancy allowance are not set above, and the figures here currently assume zero for them. Nothing on this table should be read as a result until you set them; the headline tiles above withhold theirs for exactly this reason.

Sensitivity — the same purchase at −5% to +5% exit growth
Exit growthExit priceTotal profitROIIRR
−5% p.a.AED 3.12M———
−3% p.a.AED 3.47M———
0% p.a.your figureAED 4.04M———
3% p.a.AED 4.68M———
5% p.a.AED 5.15M———

Each row re-runs the whole model with only the exit growth rate changed, over the same 5-year hold. The 0% and negative rows are not a worst case — they are simply what the same purchase returns if prices do not rise. Dubai prices have fallen in the past and can fall again. The return columns are shown as “—” until a gross annual rent is set; the total profit column reflects capital movement, purchase and sale costs and the service charge only.

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.

Email my results

We’ll send this scenario — your assumptions and the figures they produce — to your inbox.

Set service charge, maintenance & management, vacancy allowance above and we can email you this scenario. Until then every headline figure reads “—”, because the model would otherwise be assuming zero for them — and we publish no figure for them.

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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