Palm JumeirahAED 3,595/sqftDubai Maritime CityAED 3,131/sqftDowntown DubaiAED 2,918/sqftDubai IslandsAED 2,758/sqftDubai Creek HarbourAED 2,567/sqftBusiness BayAED 2,552/sqftDubai MarinaAED 2,495/sqftDubai Hills EstateAED 2,445/sqftJumeirah Lakes TowersAED 2,284/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,044/sqftJumeirah Village TriangleAED 1,663/sqftDubai SouthAED 1,647/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,501/sqftDubai Sports CityAED 1,330/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm JumeirahAED 3,595/sqftDubai Maritime CityAED 3,131/sqftDowntown DubaiAED 2,918/sqftDubai IslandsAED 2,758/sqftDubai Creek HarbourAED 2,567/sqftBusiness BayAED 2,552/sqftDubai MarinaAED 2,495/sqftDubai Hills EstateAED 2,445/sqftJumeirah Lakes TowersAED 2,284/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,044/sqftJumeirah Village TriangleAED 1,663/sqftDubai SouthAED 1,647/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,501/sqftDubai Sports CityAED 1,330/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO SEP 2026
DISTRESS DEAL: 3-BR IN SOBHA SEAHAVEN
Price / sq.ftAED 3,431

Distress Deal

DISTRESS DEAL: 3-BR IN SOBHA SEAHAVEN

Asking PriceAED 8,200,000
Original PriceAED 9,319,830
Discount12.0%
Size2,390 sq.ft
Bedrooms3
HandoverQ3 2027

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The numbers

Payment breakdown

UNIT PRICE AED 8,200,000

PAYMENTS ON TRANSFER

Payment to seller AED 4,473,058
DLD Transfer fee (4% of OP + 40 AED) AED 372,833
Trustee Office Fee AED 5,250
Buyer's Agency Commission (2% + VAT) AED 172,200

PAYMENT PLAN SCHEDULE

On Handover AED 3,726,942

SUMMARY

Total on Transfer AED 5,023,341
Total remaining Payment Plan AED 3,726,942
TOTAL COST FOR BUYER AED 8,750,283

KEY FACTS

Original price AED 9,319,830
Asking price AED 8,200,000
Discount AED 1,119,830 (12.0%)
Developer Sobha Realty
Sub-community Dubai Harbour
Property type Apartment
Built-up area 2,390 sq.ft
Price per sq.ft (BUA) AED 3,431
Bedrooms 3, each en-suite
Layout Type A, with powder room and balcony
View Palm Jumeirah
Handover Q3 2027

Layout

Floor plan

Floor plan for DISTRESS DEAL: 3-BR IN SOBHA SEAHAVENFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 3-BR IN SOBHA SEAHAVEN

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This three-bedroom apartment in Sobha Seahaven - Tower C, Dubai Harbour, is offered at AED 8,200,000 against an original purchase price of AED 9,319,830, a reduction of AED 1,119,830 or 12.0%. The unit measures 2,390 sq.ft of total saleable area, which puts the entry basis at AED 3,431 per sq.ft on built-up area against AED 3,900 per sq.ft at the original price. The seller has already paid AED 5,911,448 against the unit, and AED 3,726,942 remains payable to the developer, due on handover. The buyer takes over that balance, so the cash required at transfer is materially lower than the headline price suggests. This is a Type A layout on levels 12 to 32, in the CXX04 corner position facing Palm Jumeirah. The case rests on two things: a seven-figure reduction against what the first buyer committed, and a floor plate that is scarce in the building.

LOCATION & TRANSPORT

Dubai Harbour occupies the stretch of coast between Palm Jumeirah and Bluewaters Island, and it is one of the few genuinely new waterfront addresses in the city rather than a reworking of an existing district. The immediate setting is the marina and the cruise terminal, with Bluewaters east and the Palm across the water to the west. Road access runs through King Salman Bin Abdulaziz Al Saud Street onto Sheikh Zayed Road, which places Dubai Marina, Media City and Internet City within a few minutes by car. The district is served by road rather than metro, so residents here are drivers. For an investor the relevant point is that the supply pipeline on this waterfront is finite, which supports both rental depth and resale liquidity.

AMENITIES & SURROUNDING

Tower C is a 57-storey building and the third of three towers that together form Sobha Seahaven, alongside Towers A and B. It is laid out with only seven apartments per floor, which keeps corridor traffic low and gives most units more than one aspect. The amenity provision is resort-led: an infinity-edge leisure pool with a pool deck and day beds, a separate children's pool, indoor and outdoor gymnasiums, indoor and outdoor cinema, an indoor games room, and a yoga and meditation zone. Apartments are handed over with large-format porcelain tiling through the main living spaces and a fully fitted kitchen including refrigerator, oven, gas hob and hood, and washer. This particular layout carries an en-suite bathroom to each of the three bedrooms, a separate powder room and a dedicated utility room, which is a practical specification for a family rather than a pied-a-terre.

MARKET

At AED 3,431 per sq.ft this unit sits below the AED 3,900 per sq.ft the first buyer paid, and below the AED 3,900 per sq.ft recorded on the two-bedroom Tower C deal we hold on the same building. That is the clearest read available: a larger floor plate at a lower rate per foot in the same tower. The risks are the ones that attach to any off-plan purchase at this stage. Completion is forecast for the third quarter of 2027, so there is no rental income before then; service charges on a tower of this specification will be at the upper end; and the depth of the buyer pool for three-bedroom apartments above AED 8m is narrower than for one and two-bedroom units. The payment profile partly offsets the timing risk, because a substantial part of the price is already settled by the seller.

CONCLUSION

This deal suits a buyer who wants a large waterfront floor plate at a discount to the original price and is comfortable completing in 2027. The AED 1,119,830 reduction is measured against what the first buyer contracted to pay, not against a valuation, and we have not attached one. The structure is the part worth reading closely: AED 5,023,341 falls due at transfer, of which AED 4,473,058 goes to the seller, and AED 3,726,942 remains payable to Sobha, due on handover. That balance is taken from a statement of account drawn on 28 July 2026; a current statement should be obtained before terms are agreed. Floor plan available on request.

Location

SOBHA SEAHAVENDubai Harbour

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 3-BR IN SOBHA SEAHAVEN behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Below original price
12.0%

As stated on this listing: the asking price measured against the original purchase price recorded for this unit. It is not a discount to current market value and not a valuation — a unit priced below what it originally sold for may still be at or above what comparable units achieve today. Check the registered comparables before treating the gap as equity. It is not used in any calculation below.

Asking price per sq.ft
AED 3,431/sqft

The asking price divided by the stated size. Compare it against registered sales in the same building before deciding whether the asking price is competitive.

Handover
Q3 2027

As stated on this listing. Rent cannot start before handover, so on an incomplete unit the early years of the schedule below are holding cost only.

Purchase

Seeded from this page — change it to your figure.

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.

Total cash investedThe purchase price plus every cost of getting the keys. It is the denominator of the ROI, ROE and IRR figures.
AED 8.70M
Price plus every acquisition cost
Illustrative exit price
AED 8.20M
After 5 yr at 0.0% p.a.
Total profit, capital onlyCapital movement over the hold, less every purchase and sale cost and the service charge. It carries no rental income at all, because no rent has been set.
Set service charge, maintenance & management, vacancy allowance above
Net yieldNet operating income (rent collected less management, maintenance and service charge) divided by the purchase price. It cannot be calculated until a gross annual rent is set.
Set a gross annual rent
Cash out, and cash back over 5 years
Cash out at t0AED 8,700,200
Cash back, years 1–5

Set service charge, maintenance & management, vacancy allowance above to see cash back — until then this figure would be assuming zero for them.

Cash required at completion
Purchase priceAED 8,200,000
DLD transfer fee (4%)AED 328,000
Agency fee (2%)AED 164,000
VAT on agency fee (5%)AED 8,200
Conveyancing, trustee & adminAED 0
Total cash investedAED 8,700,200

This is the ROI and IRR denominator: the price plus every cost of getting the keys, not the price alone.

No rental evidence is held for this unit. The rent figure is yours to set — we have not assumed one. Until you enter a gross annual rent, the yield, ROI/ROE and IRR figures reflect capital movement and costs only.

Annual operating position
Gross annual rentAED 0
Vacancy allowance (not set)
Maintenance & management (not set)
Service charge (2,390 sq ft at AED — not set)
Net operating income

Figures marked “—” need service charge, maintenance & management, vacancy allowance entered above — we do not compute them on an assumed zero.

Cash-flow schedule — the 5-year figures the IRR is solved from (incomplete — see note)
YearNet operating incomeSale proceeds, netNet cash flow
0 · today−AED 8,700,200
1AED 0AED 0
2AED 0AED 0
3AED 0AED 0
4AED 0AED 0
5AED 0AED 8,027,800AED 8,027,800
Years 1–5AED 0AED 8,027,800AED 8,027,800
Less the year-0 outflow of AED 8,700,200 → total profit−AED 672,400

Exit at year 5: illustrative sale price AED 8,200,000 less selling costs AED 172,200 = AED 8,027,800 net. The final column is the schedule the IRR is solved from. Rent is held flat in nominal terms — the rent-growth field is at 0% — as is the service charge, so no inflation is assumed on either side. This audit table is arithmetic, so every row must resolve to a number — but service charge, maintenance & management, vacancy allowance are not set above, and the figures here currently assume zero for them. Nothing on this table should be read as a result until you set them; the headline tiles above withhold theirs for exactly this reason.

Sensitivity — the same purchase at −5% to +5% exit growth
Exit growthExit priceTotal profitROIIRR
−5% p.a.AED 6.35M
−3% p.a.AED 7.04M
0% p.a.your figureAED 8.20M
3% p.a.AED 9.51M
5% p.a.AED 10.5M

Each row re-runs the whole model with only the exit growth rate changed, over the same 5-year hold. The 0% and negative rows are not a worst case — they are simply what the same purchase returns if prices do not rise. Dubai prices have fallen in the past and can fall again. The return columns are shown as “—” until a gross annual rent is set; the total profit column reflects capital movement, purchase and sale costs and the service charge only.

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.

Email my results

We’ll send this scenario — your assumptions and the figures they produce — to your inbox.

Set service charge, maintenance & management, vacancy allowance above and we can email you this scenario. Until then every headline figure reads “—”, because the model would otherwise be assuming zero for them — and we publish no figure for them.

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 actually costs.

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