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 SOBHA SEAHAVEN — distress deal in Beachfront from Mitchell's Commercial Real EstateSOBHA SEAHAVEN · Beachfront

Sobha · Beachfront

DISTRESS DEAL: 2-BR IN SOBHA SEAHAVEN

Asking price as listedAED 6,580,000AED 3,900 per sq.ft
Original price + DLDAED 7,719,850
DiscountAED 1,139,85014.8% below original price
Unit
2-BR
Size
1,687 sq.ft
Developer
Sobha
Handover
Q3 2027

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

Sold
Listed 15 March 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 15 March 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 6,986,670The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 6,580,000
Fees and commissionAED 406,670
Step 01Due at transferAED 2,529,215Payable when the unit transfers to the buyer.
  • Payment to sellerAED 2,122,545
  • DLD Transfer fee 4% + 40 AEDAED 263,240
  • DLD Registration Trustee fee + 5% VATAED 5,250
  • Buyer's agent commission 2% + 5% VATAED 138,180
  • Total on transferAED 2,529,215
Step 02Payable to Sobha after transferAED 4,457,455The balance of the payment plan, which the buyer takes over.
  • 17.11.2025AED 742,909
  • 16.05.2026AED 742,909
  • On HandoverAED 2,971,637
  • Total remaining payment planAED 4,457,455

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Floor plan

Floor plan for DISTRESS DEAL: 2-BR IN SOBHA SEAHAVENFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 2-BR IN SOBHA SEAHAVEN

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This 2-bedroom apartment in Sobha SeaHaven Tower C is offered as a distress deal at AED 6,580,000, reflecting a 14.8% reduction from the original price of AED 7,719,850. The unit spans 1,687 sq.ft, which places the entry basis at approximately AED 3,900 per sq.ft. This is a significant discount for a new-build, waterfront address in Dubai Harbour, especially considering the current off-plan pricing trends in the area. The apartment is scheduled for completion in Q3 2027, with a staged payment plan available. The deal thesis is straightforward: the buyer secures a prime, high-floor, sea-facing asset in a flagship Sobha project at a notable discount to the original launch price, with the potential for capital appreciation as the project nears handover and the Dubai Harbour district matures further.

LOCATION & TRANSPORT

Sobha SeaHaven is located in Dubai Harbour, a strategic waterfront district positioned between Dubai Marina and Palm Jumeirah. This location offers direct access to Sheikh Zayed Road, making it practical for both daily commuting and leisure travel across the city. The area is well-served by road networks, and proximity to Dubai Marina ensures access to public transport options including the Dubai Tram and Metro. For residents and tenants, this means connectivity to major business, retail, and entertainment hubs such as JBR, Bluewaters Island, and Downtown Dubai. The Dubai Harbour masterplan also includes marina berths and cruise terminal facilities, which further enhance the lifestyle and investment appeal of the area. For investors, the location supports both long-term rental demand and short-stay potential, given the district’s growing profile as a leisure and residential destination.

AMENITIES & SURROUNDING

Sobha SeaHaven is designed as a high-amenity, waterfront residential complex. Residents will have access to a comprehensive suite of facilities, including 24-hour security, concierge services, a state-of-the-art gym, health club, yoga and meditation areas, and both rooftop and infinity pools with panoramic sea views. The project also features a cinema room, children’s pool, landscaped pool deck, sauna and steam rooms, and private balconies. Apartments are delivered with fully-fitted kitchens, smart home automation, and high-quality finishes such as marble flooring and leatherette wardrobes. The surrounding Dubai Harbour district is rapidly developing, with planned retail, dining, and leisure infrastructure, as well as direct access to the marina and waterfront promenades. This amenity profile positions SeaHaven as a lifestyle-led address, appealing to both end-users and tenants seeking a modern, service-rich environment.

MARKET

At an entry price of AED 3,900 per sq.ft, this unit sits below the current launch and resale pricing for comparable waterfront projects in Dubai Harbour and the broader Dubai Marina corridor. Recent transactions in Sobha SeaHaven and similar developments have seen higher per-square-foot rates, particularly for higher-floor, sea-facing layouts. The off-plan status introduces some completion and handover risk, but Sobha’s track record as a developer provides a degree of delivery confidence. The buyer profile for this segment is typically a mix of international investors, end-users seeking a waterfront lifestyle, and those looking to capitalise on Dubai’s ongoing residential demand. Rentability is supported by the area’s connectivity and amenity base, while liquidity should improve as the district matures and more infrastructure comes online. The main risk points are construction timelines and the broader market’s absorption of new supply, but the discount to original price provides a margin of safety for disciplined investors.

CONCLUSION

This distress deal in Sobha SeaHaven offers a practical entry into Dubai’s waterfront residential market at a visible discount to original pricing. The combination of a high-floor, sea-facing two-bedroom layout, strong amenity provision, and a reputable developer underpins the investment case. The payment plan structure allows for staged capital outlay, which may appeal to buyers seeking flexibility ahead of handover. The key considerations are the project’s completion timeline and the evolving supply dynamics in Dubai Harbour, but the discounted entry basis and the district’s long-term prospects provide a balanced risk-reward profile. For investors seeking exposure to Dubai’s next-generation waterfront, this deal presents a credible opportunity to secure a future-ready asset at a below-market cost, with upside potential as the area’s infrastructure and demand continue to build.

Location

SOBHA SEAHAVEN — Beachfront, Dubai

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Illustrative model

Scenario modeller

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

Purchase

The price you are considering.

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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.

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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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