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 SAFA TWO — distress deal in Business Bay from Mitchell's Commercial Real EstateSAFA TWO · Business Bay1 / 2

DAMAC · Business Bay

DISTRESS DEAL: 2-BR IN SAFA TWO

Asking price as listedAED 2,285,000AED 1,997 per sq.ft
Original price + DLDAED 2,896,400
DiscountAED 611,40021.1% below original price
Unit
2-BR
Size
1,144 sq.ft
Developer
DAMAC
Handover
Q2 2027

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

Sold
Listed 5 June 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 5 June 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 2,429,675The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 2,285,000
Fees and commissionAED 144,675
Step 01Due at transferAED 1,872,675Payable when the unit transfers to the buyer.
  • Payment to sellerAED 1,728,000
  • DLD Transfer fee 4% + 40 AEDAED 91,440
  • DLD Registration Trustee fee + 5%VATAED 5,250
  • Buyer's agent comission 2% + 5%VATAED 47,985
  • Total on transferAED 1,872,675
Step 02Payable to DAMAC after transferAED 557,000The balance of the payment plan, which the buyer takes over.
  • 04-SEP-2026AED 97,475
  • 04-DEC-2026AED 97,475
  • 05-MAR-2027AED 83,550
  • On CompletionAED 278,500
  • Total remaining payment planAED 557,000

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Floor plan

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Floor plan

Floor plan for DISTRESS DEAL: 2-BR IN SAFA TWO

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

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.

LOCATION & TRANSPORT

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.

AMENITIES & SURROUNDING

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.

MARKET

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.

CONCLUSION

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.

Location

SAFA TWO — Business Bay, Dubai

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Illustrative model

Scenario modeller

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.

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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