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 5,050,000 |
| 1. Payment to seller | AED 2,926,480 |
| 2. DLD Transfer fee 4% + 40 AED | AED 202,040 |
| 3. DLD Registration Trustee fee + 5%VAT | AED 5,250 |
| 4. Buyer's agent commission 2% + 5%VAT | AED 106,050 |
| On Handover | AED 2,123,520 |
| Total on Transfer | AED 3,239,820 |
| Total remaining Payment Plan | AED 2,123,520 |
| TOTAL COST FOR BUYER | AED 5,363,340 |
Photography
Distress Deal
This 2-bedroom plus maid’s apartment in Palm Beach - Tower 2 is positioned as a distress deal at AED 5,050,000, reflecting a direct AED 500,000 discount (9%) from the original price of AED 5,550,000. The unit spans 1,764 sq.ft, placing the entry at approximately AED 2,863 per sq.ft. The apartment is situated on a high floor (levels 17 to 22) and offers full Palm and Burj Al Arab views, with a balcony included. Handover is scheduled for Q4 2026, so the investment case is not for immediate use but for a near-term handover with a payment plan structure. The deal thesis is straightforward: the buyer secures a high-floor, view-oriented Palm Jumeirah address from Nakheel, at a visible discount to the original price, with a staged payment profile and a completion timeline that is already within a two-year horizon. This is not a speculative off-plan play with a distant handover; it is a late-stage project by a major developer, with the price advantage locked in at contract.
Palm Beach - Tower 2 is located on the trunk of Palm Jumeirah, one of Dubai’s most recognised residential and hospitality destinations. The trunk location is significant for access: it allows for easier entry and exit compared to deeper frond or crescent addresses, connecting efficiently to Sheikh Zayed Road, Dubai Marina, Media City, and JBR. Public transport options are limited, but taxis and ride-hailing services are widely available, and the Palm Monorail provides a link to key points on the island. For residents and tenants, this means practical daily movement, whether commuting to business districts or accessing leisure destinations. The immediate area is well-served by retail, dining, and entertainment, making it attractive for both end-users and tenants seeking the Palm lifestyle without the isolation of more remote island sections.
Palm Beach - Tower 2 is part of a new development by Nakheel, known for delivering large-scale, amenity-rich projects. Residents can expect a comprehensive suite of facilities, including swimming pools, fitness centres, landscaped podiums, children’s play areas, and dedicated parking. The building is designed to offer panoramic views, with this unit specifically benefitting from full Palm and Burj Al Arab outlooks. The wider Palm Jumeirah environment supports a high standard of living, with access to beaches, waterfront promenades, and a range of restaurants, cafés, and retail outlets. Nakheel Mall, Golden Mile Galleria, and The Pointe are all within easy reach, providing shopping and leisure options. The district is also home to several five-star hotels, spas, and beach clubs, reinforcing the area’s appeal for residents who value both convenience and lifestyle infrastructure.
At AED 2,863 per sq.ft, this apartment is priced below the original developer rate, which is notable in the context of Palm Jumeirah’s ongoing demand for high-floor, view-oriented units. The late-stage handover (Q4 2026) reduces construction risk compared to earlier off-plan launches, and the payment plan allows for capital management over the remaining build period. The buyer profile is likely to be a mix of investors seeking capital appreciation as the project nears completion, and end-users planning for future occupation. Rentability on Palm Jumeirah remains strong, especially for new-build, view-led apartments, but investors should factor in service charges, vacancy periods, and the competitive landscape from other new launches. Liquidity is generally robust for well-positioned Palm assets, but resale pricing will depend on market conditions at handover and the quality of the final product. The main risk points are potential delays in handover, changes in market sentiment, and the impact of service charges on net yields.
This distress deal in Palm Beach - Tower 2 offers a clear investor case: a high-floor, full-view 2-bedroom plus maid’s apartment on Palm Jumeirah, at a 9% discount to the original price, with a handover scheduled within two years. The location, developer profile, and amenity set all support the long-term appeal of the asset, while the payment plan structure provides flexibility for capital deployment. The main considerations are the timing of handover, the final quality of delivery, and ongoing service charges. For buyers seeking a Palm address with strong view credentials and a visible entry discount, this deal provides a balanced opportunity. As always, careful review of the payment schedule, developer track record, and market comparables is recommended before commitment, but the fundamentals here are grounded in a tangible product, a credible developer, and a location with enduring demand.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: 2-BR + MAID'S IN PALM BEACH 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.
PALM BEACH — Palm Jumeirah, Dubai
