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 21 May 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 5,400,000 |
| 1. Payment to seller | AED 5,400,000 |
| 2. DLD Transfer fee 4% + 40 AED | AED 216,040 |
| 3. DLD Registration Trustee fee + 5%VAT | AED 5,250 |
| 4. Buyer's agent commission 2% + 5%VAT | AED 113,400 |
| Total on Transfer | AED 5,734,690 |
| TOTAL COST FOR BUYER | AED 5,734,690 |
Photography
Distress Deal
This two-bedroom apartment in The Address Residences Fountain Views 1, Downtown Dubai, is offered at AED 5,400,000, reflecting a 5.6% discount to the original price of AED 5,720,000. The unit covers 1,447 sq.ft, positioning the entry at AED 3,732 per sq.ft. The property is ready for immediate occupation, with no handover risk, and is developed by Emaar, a recognised name in Dubai’s residential sector. The immediate investment thesis is straightforward: the buyer secures a completed, branded residence in a prime Downtown address at a visible discount, with the potential for both rental and resale utility. The price per square foot sits at the upper end of the Downtown Dubai market, but this is consistent with the branded, serviced nature of the Address product and its direct Burj Khalifa and Dubai Mall adjacency. For investors, the case is not about speculative off-plan appreciation, but about acquiring a tangible, high-profile asset with proven liquidity and demand drivers.
The Address Residences Fountain Views 1 is located in the heart of Downtown Dubai, directly connected to Dubai Mall and within walking distance of the Burj Khalifa. This central position offers strong day-to-day convenience for both residents and tenants, with direct access to Sheikh Zayed Road and the city’s main arterial routes. Public transport options include the Dubai Metro (Burj Khalifa/Dubai Mall station), taxis, and ride-hailing services, all of which are readily accessible. The area’s infrastructure is mature, with established road networks and pedestrian connectivity. For investors, this location supports a broad tenant pool, including corporate clients, families, and short-stay visitors seeking immediate proximity to Dubai’s flagship retail, hospitality, and business districts. The centrality also underpins resale liquidity, as Downtown Dubai remains one of the city’s most sought-after and internationally recognised addresses.
The Address Residences Fountain Views 1 is a 71-storey tower forming part of the larger Address Fountain Views complex, which includes serviced apartments and hotel facilities. Residents benefit from a full suite of amenities typical of the Address brand: 24-hour concierge and security, multiple swimming pools, a well-equipped gym, spa facilities, children’s play areas, and dedicated parking. The building is directly linked to Dubai Mall, providing immediate access to world-class retail, dining, and entertainment. The wider Downtown Dubai district offers landscaped boulevards, parks, and cultural attractions such as the Dubai Opera. The area is fully developed, with all essential services, supermarkets, and healthcare facilities within easy reach. For investors, these amenities support both long-term and short-term rental demand, as well as owner-occupier appeal, given the convenience and lifestyle proposition attached to the Address brand and Downtown location.
At AED 3,732 per sq.ft, this unit is priced in line with the upper segment of Downtown Dubai’s branded and serviced apartment market. Recent transactions in Address Fountain Views 1 show a range of achieved prices, with some two-bedroom units trading at lower per-square-foot levels, but these often reflect different views, floor levels, or unit conditions. The Address brand commands a premium due to its service offering, direct Dubai Mall connectivity, and international recognition. The rental market for serviced apartments in Downtown Dubai remains robust, with demand from both corporate and leisure tenants. Liquidity is generally strong, particularly for ready, branded stock in prime locations. The main risk points are service charges, which are typically higher in serviced buildings, and the competitive landscape, as several other branded residences are present in Downtown. However, the combination of immediate usability, brand cachet, and a visible discount to the original price creates a disciplined entry point for investors focused on yield and capital preservation rather than speculative upside.
This deal is best suited to investors seeking immediate Downtown Dubai exposure in a completed, branded residence with strong rental and resale fundamentals. The 5.6% discount to the original price is meaningful in the context of a ready, high-profile asset, and the Address Fountain Views 1 location ensures ongoing demand from both tenants and end-users. The main considerations are service charge levels and the need to benchmark against other Downtown branded stock, but the overall case is clear: a tangible, income-generating asset in a globally recognised address, with the security of Emaar development and Address service standards. For buyers prioritising liquidity, usability, and brand strength over speculative off-plan gains, this is a straightforward, risk-moderated entry into Dubai’s core residential market.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: 2-BR IN THE ADDRESS FOUNTAIN VIEWS behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
Enter the asking price to run the model.
Every figure recalculates as you type. Use the price you are actually considering.
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.
THE ADDRESS FOUNTAIN VIEWS — Downtown Dubai
