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 13 March 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 2,896,400 |
| 1. Payment to seller | AED 1,462,880 |
| 2. DLD Transfer fee 4% + 40 AED | AED 115,896 |
| 3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
| 4. Buyer's agent commission 2% + 5% VAT | AED 60,824 |
| 30-JUL-2026 | AED 358,380 |
| 30-JAN-2027 | AED 358,380 |
| On Handover (30-SEP-2027) | AED 716,760 |
| Total on Transfer | AED 1,644,850 |
| Total remaining Payment Plan | AED 1,433,520 |
| TOTAL COST FOR BUYER | AED 3,078,370 |
Photography
Distress Deal
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.
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.
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.
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.
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.
Illustrative model
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.
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.
NAYA — MBR City, Dubai
