This 3-bedroom apartment in Thyme at Central Park, City Walk, is offered as a distress deal at AED 6,200,000, reflecting an 11.5% discount from the original price of AED 7,004,000. The unit spans 2,005 sq.ft, resulting in an entry basis of AED 3,092 per sq.ft. The apartment is positioned on a mid-level floor, with park and Burj Khalifa views, and includes a balcony. The building is complete and the unit is ready. A significant portion of the price is settled on transfer, with the balance paid under the payment plan. The immediate investment thesis is a below-market entry into a Meraas-developed, mid-rise project in one of Dubai’s most established urban lifestyle districts. The buyer is securing a ready asset with a clear discount to current off-plan and resale pricing benchmarks in the City Walk corridor, with the added benefit of a flexible payment plan.
THYME · City WalkMeraas · City Walk
DISTRESS DEAL: 3-BR IN THYME
- Unit
- 3-BR
- Size
- 2,005 sq.ft
- Developer
- Meraas
The discount is measured against the original price + DLD recorded for this unit, not against a valuation.
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 15 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
Quick navigation
The numbers
Payment breakdown
- Payment to sellerAED 4,179,500
- DLD Transfer fee (4% of OP + 40 AED)AED 269,425
- DLD Registration Trustee fee + 5% VATAED 5,250
- Buyer's agent commission 2% + 5% VATAED 130,200
- Total on transferAED 4,584,375
- On HandoverAED 2,020,500
- Total remaining payment planAED 2,020,500
This unit has sold. Tell us what you are looking for and we will send the deals that are open now.
Show me deals like this oneLayout
Floor plan
Distress Deal
PROJECT DESCRIPTION
OVERVIEW
LOCATION & TRANSPORT
Thyme is located within Central Park at City Walk, Al Wasl, placing it in a highly accessible and sought-after urban setting. City Walk is known for its walkable streets, retail, dining, and entertainment options, all integrated into a master-planned environment. The development benefits from direct road connectivity to Sheikh Zayed Road, making Downtown Dubai, DIFC, and Jumeirah Beach easily reachable by car. Public transport options include nearby metro stations (Burj Khalifa/Dubai Mall and Business Bay), as well as extensive taxi and ride-hailing coverage. For residents and tenants, this means daily convenience and strong appeal to professionals, families, and international tenants seeking a central Dubai address with minimal commute times to major business and leisure destinations.
AMENITIES & SURROUNDING
Thyme at Central Park is designed as a mid-rise residential building with a focus on blending city living and green space. Residents will have access to a comprehensive suite of amenities, including a swimming pool, gymnasium, spa and sauna, multi-purpose room, outdoor fitness facilities, kids’ play area, barbecue and picnic pavilions, basketball half-court, dog park, and an events area. The building is enveloped by landscaped parkland, providing a sense of retreat within the city. City Walk’s established infrastructure offers immediate access to supermarkets, cafes, restaurants, boutique retail, and medical facilities. The wider Central Park master plan supports a pedestrian-friendly lifestyle, with shaded walkways and direct access to the park, making it attractive for families and those seeking a balance between urban convenience and outdoor leisure.
MARKET
The Meraas brand and City Walk location attract a mix of investors, end-users, and international buyers, with a strong rental market driven by professionals and families seeking centrality and lifestyle amenities. Liquidity in this segment has remained robust, supported by the area’s reputation and ongoing infrastructure improvements. The primary risk point is the broader market’s absorption of new supply in the City Walk corridor. However, the discount to original price and the staged payment plan mitigate some of the entry risk, offering a buffer against short-term market fluctuations. The unit’s park and Burj Khalifa views further enhance its rentability and resale appeal.
CONCLUSION
This distress deal in Thyme at Central Park is best suited to investors seeking exposure to a central Dubai address with a visible discount to prevailing market rates. The combination of a reputable developer, established urban location, and comprehensive amenities positions the asset well for both rental and resale strategies. The payment plan structure reduces the capital outlay on transfer. Key considerations include service charges typical of amenity-rich developments. For buyers seeking a completed unit, this deal offers a pragmatic entry into City Walk’s evolving residential landscape, with the potential for both capital appreciation and rental income as the area continues to mature. The discount is meaningful, but as always, due diligence on future supply is advised before commitment.
Location
THYME — City Walk, Dubai
Illustrative model
Scenario modeller
Set your own assumptions and see how DISTRESS DEAL: 3-BR IN THYME 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 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.
More deals
The latest distress deals
The most recently listed deals that were still available when we last checked. Sold units are not shown here.

Emaar Beachfront
DISTRESS DEAL: 1-BR IN DAMAC BAY - TOWER C
- Price / sq.ft
- AED 3,378
- Developer
- Damac
- Handover
- Q4 2027

Rashid Yachts and Marina
DISTRESS DEAL: 1-BR IN OCEAN POINT - TOWER 2
- Price / sq.ft
- AED 1,908
- Developer
- Emaar

Emaar Beachfront
DISTRESS DEAL: 1-BR IN SEAPOINT - TOWER 2
- Size
- 764 sq.ft
- Price / sq.ft
- AED 3,442
- Developer
- Emaar
- Handover
- Q2 2028

Bluewaters Island
DISTRESS DEAL: 2-BR + Maid's IN BLUEWATERS BAY - BUILDING 1
- Size
- 1,670 sq.ft
- Price / sq.ft
- AED 3,145
- Developer
- Meraas
- Handover
- Q3 2027

Sobha Hartland II
DISTRESS DEAL: 2-BR IN SKYSCAPE ALTIUS
- Size
- 1,268 sq.ft
- Price / sq.ft
- AED 2,129
- Developer
- Sobha
- Handover
- Q4 2028

Emaar Beachfront
DISTRESS DEAL: BULK DEAL - 9 APARTMENTS IN BAYVIEW - TOWER 1
- Size
- 10,041 sq.ft
- Price / sq.ft
- AED 4,681
- Developer
- Emaar
- Handover
- Q2 2027
Read next
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.
The gold rule under an entry is its length, against the longest piece here.
Guides
How to Buy Dubai Property from Overseas
Power of attorney, attestation country by country, remote AML checks, funding the purchase, and remote signing against a short trip.
How to Buy Ready (Secondary) Property in Dubai
The fixed sequence the Land Department sets for a resale — an agreed Form F, a deposit, a developer NOC and the Trustee Office transfer.
Pre-Handover Assignment (Off-Plan ‘Flipping’) in Dubai: How It Works
Assigning an off-plan unit before handover — the developer NOC and minimum-paid rules, the fees that come off the profit, and when it still loses money.
Off-Plan Payment Plans in Dubai Explained: 10/90, 50/50 and Post-Handover
Construction-linked and post-handover structures, what escrow protects at each stage, and what happens if a later instalment cannot be funded.
NOC (No Objection Certificate) for a Dubai Property Purchase
What the developer’s certificate confirms, how service-charge clearance runs through Mollak, and the usual reasons issuance is delayed.
How to Vet a Dubai Developer Before You Buy
Brochures are marketing; DLD registration, project escrow status and broker licensing are checkable public facts. How to verify all three.
A Due-Diligence Checklist for Buying in Dubai
Who owns the title, whether the unit carries a mortgage or a restriction, and whether its service charges are current. In order, with the tool that verifies each.
The True Cost of Buying Property in Dubai: All Fees Explained
Transfer, trustee office, agency commission, developer NOC and the mortgage costs, each set against the Land Department’s own published figures.
Mortgages for Non-Residents in Dubai
What a genuine non-resident can borrow, as distinct from a UAE-resident expatriate, which banks lend, and how a purchase is completed remotely.
Capital Gains & Property Tax in Dubai: What Investors Actually Pay
What an individual owner is and is not charged here, which transaction cost is the real one, and why your home-country position is a separate question.
Articles
How to Buy a Cancellation Unit in Dubai: Strategic Guide
A cancellation unit is a launch booking the first buyer lost — how they reach the market, and the steps to secure one at launch pricing.
How to Buy Dubai Property During Crisis and Build a Portfolio at Peak Fear
The historical entry points, yields by district, and a contrarian acquisition process for buying when confidence is at its lowest.
Buying a Resale Property in Dubai: Step-by-Step Guide for Investors
The process, the legal steps, the costs and the mortgage options, for residents and international investors alike.
How to Buy Property in Dubai as a Foreign Investor: Step-By-Step Guide
Costs, the legal process, the risks, and how to structure the investment — written for a buyer outside the UAE.
Buying Off-Plan Property in Dubai: Primary Market Guide
The primary market end to end. EOIs, SPAs, payment plans, Oqood, escrow, resales and mortgages.
Residential Mortgages in Dubai: Guide for Expats and Investors
Rates, loan-to-value limits, eligibility, fees and the documents a lender asks for, for residents and investors.



