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Palm JumeirahAED 3,625/sqftCity WalkAED 3,268/sqftDubai Maritime CityAED 3,078/sqftDowntown DubaiAED 2,953/sqftDubai MarinaAED 2,836/sqftDubai IslandsAED 2,748/sqftBusiness BayAED 2,620/sqftDubai Creek HarbourAED 2,588/sqftDubai Hills EstateAED 2,444/sqftJumeirah Lakes TowersAED 2,229/sqftMohammed Bin Rashid CityAED 2,097/sqftAl JaddafAED 2,051/sqftJumeirah Village TriangleAED 1,673/sqftDubai SouthAED 1,630/sqftArjanAED 1,608/sqftJumeirah Village CircleAED 1,511/sqftDubai Sports CityAED 1,336/sqftPalm JumeirahAED 3,625/sqftCity WalkAED 3,268/sqftDubai Maritime CityAED 3,078/sqftDowntown DubaiAED 2,953/sqftDubai MarinaAED 2,836/sqftDubai IslandsAED 2,748/sqftBusiness BayAED 2,620/sqftDubai Creek HarbourAED 2,588/sqftDubai Hills EstateAED 2,444/sqftJumeirah Lakes TowersAED 2,229/sqftMohammed Bin Rashid CityAED 2,097/sqftAl JaddafAED 2,051/sqftJumeirah Village TriangleAED 1,673/sqftDubai SouthAED 1,630/sqftArjanAED 1,608/sqftJumeirah Village CircleAED 1,511/sqftDubai Sports CityAED 1,336/sqft
DLD · MEDIAN 12M TO JUL 2026
DISTRESS DEAL: 2-BR WITH POOL IN FASHIONZ

Distress Deal

DISTRESS DEAL: 2-BR WITH POOL IN FASHIONZ

Asking PriceAED 1,645,000
Below Original Price15.3%
Size1,070 sq.ft
Bedrooms2
Price / Sq.FtAED 1,537
HandoverQ1 2027
Sold
Listed 13 March 2026Status confirmed 3 August 2026

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.

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The numbers

Payment breakdown

UNIT PRICE AED 1,645,000

PAYMENTS ON TRANSFER

1. Payment to seller AED 531,130
2. DLD Transfer fee 4% + 40 AED AED 65,840
3. DLD Registration Trustee fee + 5% VAT AED 5,250
4. Buyer's agent comission 2% + 5% VAT AED 34,545

PAYMENT PLAN SCHEDULE

05-FEB-26 AED 18,680
05-MAR-26 AED 18,680
05-APR-26 AED 18,680
05-MAY-26 AED 18,680
05-JUN-26 AED 18,680
05-JUL-26 AED 261,520
05-AUG-26 AED 18,680
05-SEP-26 AED 18,680
05-OCT-26 AED 18,680
05-NOV-26 AED 18,680
05-DEC-26 AED 18,680
05-JAN-27 AED 18,680
05-FEB-27 AED 18,680
05-MAR-27 AED 18,680
05-APR-27 AED 18,680
05-MAY-27 AED 18,680
05-JUN-27 AED 18,680
05-JUL-27 AED 18,680
05-AUG-27 AED 18,680
05-SEP-27 AED 18,680
05-OCT-27 AED 18,680
05-NOV-27 AED 18,680
05-DEC-27 AED 18,680
05-JAN-28 AED 18,680
05-FEB-28 AED 18,680
05-MAR-28 AED 18,680
05-APR-28 AED 18,680
05-MAY-28 AED 18,680
05-JUN-28 AED 18,680
05-JUL-28 AED 18,680
05-AUG-28 AED 18,680
05-SEP-28 AED 18,680
05-OCT-28 AED 18,680
05-NOV-28 AED 18,680
05-DEC-28 AED 18,680
05-JAN-29 AED 18,680
05-FEB-29 AED 18,680
05-MAR-29 AED 18,680
05-APR-29 AED 18,680
05-MAY-29 AED 18,680
05-JUN-29 AED 18,680
05-SEP-29 AED 21,030
05-OCT-29 AED 21,030
05-NOV-29 AED 21,030
05-DEC-29 AED 21,030
05-JAN-30 AED 21,030

SUMMARY

Total on Transfer AED 636,765
Total remaining Payment Plan AED 1,113,870
TOTAL COST FOR BUYER AED 1,750,635

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

Lagoon Views at District One, also known as Residence 9, is a mid rise residential building located within The Residences at District One community in District One, part of the wider Meydan One master development in Dubai. The project forms part of Mohammed Bin Rashid City, a large scale mixed use district designed to accommodate residential, leisure and commercial infrastructure across several integrated neighbourhoods. Lagoon Views at District One is configured as a 10 storey residential building and is being developed by Meydan Group through its subsidiary District One.

LOCATION & TRANSPORT

Lagoon Views at District One benefits from road access through the Meydan and Mohammed Bin Rashid City road networks which link directly to major arterial routes including Al Khail Road and Sheikh Mohammed Bin Zayed Road. These highway connections enable relatively quick travel to the main commercial and residential districts of Dubai. Under typical traffic conditions the drive time from the development to Dubai Mall in Downtown Dubai is approximately ten minutes. Travel time to Palm Jumeirah is roughly eighteen minutes while Burj Al Arab can be reached in approximately sixteen minutes.

AMENITIES & SURROUNDING

A variety of amenities exist within the districts surrounding Lagoon Views at District One. Retail, leisure and entertainment infrastructure is concentrated primarily in neighbouring Business Bay and Downtown Dubai which host shopping complexes, restaurants and office districts. Attraction sites located within several kilometres include Kidzania at Dubai Mall, Bay Avenue Mall and Park, and the Dubai Bowling Center. Waterfront promenades and landscaped spaces are located throughout District One itself while nearby public parks include Polo Residence Park and Riviera South Park.

MARKET

The Residences at District One sits within District One, a master planned residential district positioned inside Mohammed Bin Rashid City. The district is designed around a large artificial crystal lagoon, waterfront promenades and landscaped parks which collectively form the principal identity of the community. District One contains a mixture of apartment buildings, villas and waterfront residences built around green corridors and pedestrian focused amenities. Lagoon Views at District One is one of the apartment buildings positioned within this environment, providing residential units designed to benefit from park views and lagoon proximity. The master developer of the entire District One area is Meydan Group. The community infrastructure includes internal road networks, landscaped pedestrian areas and recreational waterfront zones connected to the larger Meydan and MBR City developments.

CONCLUSION

The Residences at District One sits within District One, a master planned residential district positioned inside Mohammed Bin Rashid City. The district is designed around a large artificial crystal lagoon, waterfront promenades and landscaped parks which collectively form the principal identity of the community. District One contains a mixture of apartment buildings, villas and waterfront residences built around green corridors and pedestrian focused amenities.

Illustrative model

Scenario modeller

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

Purchase

The price you are actually 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.

8% is roughly a month plus re-letting.

Letting fees and routine repairs.

Replace with the building's own schedule.

Acquisition costs

4% is the Dubai standard.

Buyer-side. 5% VAT added.

Trustee, title deed, NOC.

Exit

1 to 40 years.

0% by default: we publish no price forecasts.

5% VAT added automatically.

Nothing to calculate yet

Enter the asking price to run the model.

Every figure recalculates as you type. Use the price you are actually considering.

How each figure is calculated
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 Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.

Location

FASHIONZ — JVT, Dubai

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