Palm JumeirahAED 3,631/sqftDubai Maritime CityAED 3,135/sqftDowntown DubaiAED 2,922/sqftDubai IslandsAED 2,753/sqftDubai Creek HarbourAED 2,567/sqftBusiness BayAED 2,562/sqftDubai MarinaAED 2,496/sqftDubai Hills EstateAED 2,439/sqftJumeirah Lakes TowersAED 2,279/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,047/sqftJumeirah Village TriangleAED 1,665/sqftDubai SouthAED 1,647/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,505/sqftDubai Sports CityAED 1,330/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm JumeirahAED 3,631/sqftDubai Maritime CityAED 3,135/sqftDowntown DubaiAED 2,922/sqftDubai IslandsAED 2,753/sqftDubai Creek HarbourAED 2,567/sqftBusiness BayAED 2,562/sqftDubai MarinaAED 2,496/sqftDubai Hills EstateAED 2,439/sqftJumeirah Lakes TowersAED 2,279/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,047/sqftJumeirah Village TriangleAED 1,665/sqftDubai SouthAED 1,647/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,505/sqftDubai Sports CityAED 1,330/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO SEP 2026
DISTRESS DEAL: 2-BR IN SAMANA WAVES

Distress Deal

DISTRESS DEAL: 2-BR IN SAMANA WAVES

Asking PriceAED 1,950,000
Below Original Price17.2%
Size1933 sq.ft
Bedrooms2
Price / Sq.FtAED 1,009
HandoverQ4 2026
Sold
Listed 1 August 2026Status confirmed 3 August 2026

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 1 August 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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The numbers

Payment breakdown

UNIT PRICE AED 1,950,000

PAYMENTS ON TRANSFER

Payment to seller AED 1,950,000
DLD Transfer fee 4% + 40 AED AED 78,040
DLD Registration Trustee fee + 5%VAT AED 5,250
Buyer's agent comission 2% + 5%VAT AED 40,950

SUMMARY

Total on Transfer AED 2,074,240
Total remaining Payment Plan AED 0
TOTAL COST FOR BUYER AED 2,074,240

Layout

Floor plan

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Floor plan

Floor plan for DISTRESS DEAL: 2-BR IN SAMANA WAVES

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This is a distress opportunity for investors seeking value in Dubai’s off-plan residential sector. On offer is a spacious 1,933 sq.ft duplex in Samana Waves, a 27-storey residential tower by Samana, located in JVC District 13. The property is a two-bedroom duplex, scheduled for handover in Q4 2026. The current asking price is AED 1,950,000, which is 17.2% below the original reference price of AED 2,356,380. This equates to an attractive AED 1,009 per square foot, positioning it well below recent transaction levels for similar units in the project. The deal thesis is straightforward: a significant entry discount in a modern, amenity-rich development, with the potential for capital appreciation and strong rental demand upon completion.

The total buyer cost, including DLD fees, stands at AED 2,074,240. With the payment plan fully settled, this is a cash transaction, offering immediate transfer and a clean title. The duplex layout, with its generous internal space and private pool on the balcony, is designed to appeal to both end-users and investors targeting the growing demand for contemporary, lifestyle-oriented homes in JVC.

LOCATION & TRANSPORT

Samana Waves is situated in Jumeirah Village Circle (JVC), District 13, a well-established residential community in Dubai. JVC is known for its accessibility and balanced urban planning, offering a mix of apartments, villas, and townhouses. The area is strategically positioned for connectivity, with easy access to Al Khail Road and Sheikh Mohammed Bin Zayed Road, facilitating commutes to major business districts such as Dubai Marina, JLT, and Downtown Dubai. Dubai International Airport and Al Maktoum International Airport are both within a 30-40 minute drive, making the location suitable for frequent travellers and professionals alike.

Public transport options in JVC are improving, with several bus routes serving the district and plans for further enhancements as the area matures. Daily conveniences, retail, and dining options are within walking distance or a short drive, contributing to the area’s appeal for residents seeking a blend of tranquillity and urban connectivity.

AMENITIES & SURROUNDING

Samana Waves is designed to offer a comprehensive suite of amenities, catering to modern lifestyles. Residents benefit from a shared swimming pool, leisure deck, and water features that create a resort-like atmosphere. The building includes an indoor gymnasium and an outdoor gymnasium, a sauna and steam room, and a dedicated kids’ play area. Notably, select units—including this duplex—feature private balcony pools, providing an elevated living experience.

The surrounding JVC district is well-served by parks, jogging tracks, and landscaped communal areas. Retail outlets, supermarkets, cafes, and essential services are integrated into the neighbourhood, while several schools and nurseries are located nearby, supporting family living. The ongoing development of JVC continues to enhance its infrastructure and community facilities, further strengthening its residential appeal.

MARKET

From an investment perspective, this duplex is priced notably below both the original launch price and recent transaction benchmarks within Samana Waves. Recent sales in the building have seen studios trading at AED 1,325–1,852 per sq.ft, and a 2-bed flat at AED 740 per sq.ft, though unit sizes and layouts vary. The offered price per square foot for this duplex is competitive, especially considering the private pool feature and duplex configuration, which tend to command a premium in the rental and resale markets.

JVC remains a sought-after location for both investors and tenants, driven by its affordability, improving infrastructure, and proximity to key employment hubs. Liquidity for well-priced, ready or near-ready units in JVC is typically strong, particularly for properties with unique features. However, as with any off-plan investment, there are risks related to project delivery timelines and market fluctuations. The handover is scheduled for Q4 2026, and investors should factor in potential delays or shifts in market sentiment.

CONCLUSION

This distress deal in Samana Waves offers a compelling entry point for investors seeking value in Dubai’s off-plan market. The significant discount to the reference price, combined with a large duplex layout and private pool, positions the property as a differentiated asset in a maturing community. JVC’s ongoing development, coupled with the project’s amenity offering, supports both rental and resale prospects. While off-plan risks remain, the fully paid status and immediate transferability reduce transactional complexity. For investors with a medium-term horizon, this duplex represents a balanced opportunity to capture upside in a well-connected, amenity-rich environment.

Illustrative model

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

Purchase

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Acquisition costs

4% is the Dubai standard.

Buyer-side. 5% VAT added.

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Exit

1 to 40 years.

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How each figure is calculated
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.

Location

SAMANA WAVESJvc, District 13, Dubai

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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 actually costs.

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