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 5 June 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 2,285,000 |
| Payment to seller | AED 1,728,000 |
| DLD Transfer fee 4% + 40 AED | AED 91,440 |
| DLD Registration Trustee fee + 5%VAT | AED 5,250 |
| Buyer's agent comission 2% + 5%VAT | AED 47,985 |
| 04-SEP-2026 | AED 97,475 |
| 04-DEC-2026 | AED 97,475 |
| 05-MAR-2027 | AED 83,550 |
| On Completion | AED 278,500 |
| Total on Transfer | AED 1,872,675 |
| Total remaining Payment Plan | AED 557,000 |
| TOTAL COST FOR BUYER | AED 2,429,675 |
Photography
Distress Deal
This two-bedroom apartment in Safa Two is offered as a distress deal at AED 2,285,000, reflecting a 21.1% discount from the original price of AED 2,896,400. The unit spans 1,144 sq.ft, resulting in an entry basis of AED 1,997 per sq.ft. Positioned on a high floor (levels 50-55) with a sea view and balcony, the apartment is scheduled for handover in Q2 2027. The immediate investment thesis is clear: this is an off-plan, branded residence by Damac in collaboration with De Grisogono, offered at a substantial discount to the developer’s original pricing. The payment plan structure allows for staged payments, with a significant portion due on transfer and the remainder distributed up to completion. For investors, the case is not about speculative off-plan launches but about securing a high-floor, sea-facing unit in a branded tower at a visibly reduced entry cost, with the flexibility of a payment schedule leading up to handover.
Safa Two is located in Business Bay, directly on Sheikh Zayed Road, offering strong connectivity to major commercial and lifestyle districts in Dubai. The address places residents within practical reach of Downtown Dubai, Dubai Marina, Jumeirah, and the wider Sheikh Zayed Road corridor. Public transport options are accessible, with metro stations and bus routes serving the area, while taxis and ride-hailing services provide day-to-day convenience. For investors, this location supports both end-user and tenant demand, as Business Bay continues to attract professionals, families, and international buyers seeking centrality and access to Dubai’s business and leisure hubs. The direct Sheikh Zayed Road frontage enhances visibility and ease of access, which can be a differentiator for both rental and resale liquidity.
Safa Two is an 87-storey residential tower developed by Damac in partnership with De Grisogono, a Swiss luxury jewellery and watch brand. The project is designed to offer a high-amenity lifestyle, with features including a signature “sapphire” infinity pool suspended between the two halves of the building at the 64th floor, an artificial beach pool on the 11th floor, and a “Fog Forest” observatory and F&B outlets on the 85th floor. Residents will have access to fitness facilities, landscaped areas, and transformative living spaces with movable walls for flexible layouts. The surrounding Business Bay district is well-established, with retail, dining, and leisure options nearby, and proximity to Dubai’s major malls, parks, and waterfront promenades. The branded nature of the project, combined with its amenity offering and high-rise positioning, is intended to appeal to buyers seeking a blend of design, service, and centrality.
At an entry price of AED 1,997 per sq.ft, this unit is positioned below the typical launch and resale pricing for branded, high-floor apartments in Business Bay and comparable central Dubai locations. Branded residences, particularly those with international partnerships, have historically commanded a premium over non-branded stock, due to perceived quality, amenity provision, and global recognition. The off-plan status introduces construction and handover risk, but the discount to original price provides a buffer for investors underwriting against future market movements. The payment plan structure can also support cash flow management. The buyer profile likely includes investors seeking capital appreciation on handover, as well as those targeting rental income from a high-demand, central location. The main risk points are construction timeline adherence, future service charges, and the broader market’s absorption of new supply in the branded segment. However, the combination of high-floor views, branded positioning, and a visible discount supports the investment case for buyers seeking medium-term upside or a differentiated rental product.
This distress deal in Safa Two offers a clear entry advantage for investors looking for exposure to branded, high-rise living in Business Bay. The 21.1% discount to the original price, combined with a staged payment plan and a high-floor, sea-view layout, creates a practical case for both capital appreciation and future rentability. The main considerations are the off-plan nature of the asset and the need to monitor project progress and future operating costs. For buyers comfortable with these dynamics, the deal provides a lower entry basis into a branded tower with strong amenity credentials and central connectivity. The investment thesis is not about speculative short-term gains, but about securing a differentiated product at a below-market entry point, with the potential for both yield and resale liquidity upon completion.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: 2-BR IN SAFA TWO behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
Enter the asking price to run the model.
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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.
SAFA TWO — Business Bay, Dubai
