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 + Maid's IN NAYA — distress deal in MBR City from Mitchell's Commercial Real EstateNAYA · MBR City

Nakheel · MBR City

DISTRESS DEAL: 2-BR + Maid's IN NAYA

Asking price as listedAED 2,896,400AED 2,020 per sq.ft
Original price + DLDAED 3,727,152
DiscountAED 830,75222.3% below original price
Unit
2-BR + Maid's
Size
1,434 sq.ft
Developer
Nakheel
Handover
Q3 2027

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

Sold
Listed 13 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 13 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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The numbers

Payment breakdown

Total cost for buyer, as listedAED 3,078,370The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 2,896,400
Fees and commissionAED 181,970
Step 01Due at transferAED 1,644,850Payable when the unit transfers to the buyer.
  • Payment to sellerAED 1,462,880
  • DLD Transfer fee 4% + 40 AEDAED 115,896
  • DLD Registration Trustee fee + 5% VATAED 5,250
  • Buyer's agent commission 2% + 5% VATAED 60,824
  • Total on transferAED 1,644,850
Step 02Payable to Nakheel after transferAED 1,433,520The balance of the payment plan, which the buyer takes over.
  • 30-JUL-2026AED 358,380
  • 30-JAN-2027AED 358,380
  • On Handover (30-SEP-2027)AED 716,760
  • Total remaining payment planAED 1,433,520

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Layout

Floor plan

Floor plan for DISTRESS DEAL: 2-BR + Maid's IN NAYAFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 2-BR + Maid's IN NAYA

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This 2-bedroom + maid's in NAYA 3 is being offered as a Distress Deal at AED 2,896,400. Against the AED 3,727,152 original price plus DLD basis, the current ask shows a 22.3% below original price discount and a headline saving of AED 830,752. The unit is by Nakheel, recorded at 1,434 sq.ft, and scheduled for handover in Q3 2027. That gives the buyer a clear number to underwrite today rather than a vague promise of future upside: the real question is whether this discounted basis is strong enough for the project, location and remaining construction timeline.

LOCATION & TRANSPORT

Naya Building 3 is located in District One, a residential district within Mohammed Bin Rashid City positioned southeast of Downtown Dubai and north of Meydan Racecourse. The approximate coordinates place the project along the development corridor that connects Meydan and Business Bay with the expanding residential zones of Meydan One. Mohammed Bin Rashid City is a large scale mixed use master community covering thousands of hectares and containing multiple residential clusters, retail zones and recreational amenities. For a buyer, that matters because accessibility and neighbourhood depth will influence both resale liquidity and the quality of the end-user audience once the project completes.

AMENITIES & SURROUNDING

Various recreational and leisure attractions exist within a relatively short driving distance of the project. Dubai Bowling Center lies approximately 3.7 kilometres away and offers sports and leisure activities. KidZania and Dubai Mall family entertainment venues are located roughly 4.3 kilometres away within the Downtown Dubai district. In practical terms, that surrounding amenity base is what turns a discounted off-plan listing from a spreadsheet idea into a liveable asset with clearer rental and resale support.

MARKET

The structure of Naya Building 3 rises seventeen floors above ground level and is designed as a mid rise residential building within the broader Naya cluster. Residential inventory is composed primarily of one bedroom apartments, two bedroom units and a selection of three bedroom residences. Apartment layouts follow a typical contemporary configuration used across mid rise developments in the Meydan and Mohammed Bin Rashid City districts. At AED 2,020, this is best judged against other District One and wider MBR City apartment stock where lagoon adjacency, unit depth and completion timing can create meaningful price gaps. The current 22.3% below original price discount improves the basis, but buyers still need to measure it against the quality of the specific cluster and the remaining delivery window to Q3 2027. If that comparison stacks up, the unit offers a sharper way into a tightly defined submarket rather than a broad-brush citywide bet.

CONCLUSION

Overall, this NAYA 3 listing deserves attention because the discounted basis is visible in the actual numbers, not only in the marketing label. Buyers should weigh AED 2,896,400, 22.3% below original price, 1,434 sq.ft and the run-in to Q3 2027 against the best competing stock in MBR City; if it still stands up after that comparison, the opportunity is real.

Location

NAYA — MBR City, Dubai

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 2-BR + Maid's IN NAYA 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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Every figure recalculates as you type. Use the price you are considering.

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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