Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 3-BR IN VERVE - TOWER B — distress deal in City Walk from Mitchell's Commercial Real EstateVERVE - TOWER B · City Walk

Meraas · City Walk

DISTRESS DEAL: 3-BR IN VERVE - TOWER B

Asking price as listedAED 9,524,300AED 2,734 per sq.ft
Original price + DLDAED 11,960,000
DiscountAED 2,435,70020.4% below original price
Unit
3-BR
Size
3484 sq.ft
Developer
Meraas
Handover
Q1 2028

The discount is measured against the original price + DLD recorded for this unit, not against a valuation.

Sold
Listed 7 August 2026Status confirmed 17 September 2026

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 7 August 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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Payment breakdown

Total cost for buyer, as listedAED 10,110,572The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 9,524,300
Fees and commissionAED 586,272
Step 01Due at transferAED 6,078,222Payable when the unit transfers to the buyer.
  • Payment to sellerAED 5,491,950
  • DLD Transfer fee 4% + 40 AEDAED 381,012
  • DLD Registration Trustee fee + 5%VATAED 5,250
  • Buyer's agent comission 2% + 5%VATAED 200,010
  • Total on transferAED 6,078,222
Step 02Payable to Meraas after transferAED 4,032,350The balance of the payment plan, which the buyer takes over.
  • 15.12.2026AED 1,152,100
  • On Handover (15.08.2028)AED 2,880,250
  • Total remaining payment planAED 4,032,350

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Floor plan for DISTRESS DEAL: 3-BR IN VERVE - TOWER BFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 3-BR IN VERVE - TOWER B

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This is a significant opportunity to acquire a spacious three-bedroom apartment in Verve - Tower B, part of the highly anticipated City Walk development by Meraas. The apartment spans 3,484 sq.ft and is positioned on a high floor (between levels 13 and 20), offering a full Burj Khalifa view and a generous balcony. The current asking price is AED 9,524,300, which represents a 20.4% discount compared to the original price of AED 11,960,000 (inclusive of DLD fees). This equates to AED 2,734 per square foot, notably below recent transaction levels for smaller units in the same tower. The payment structure is split between AED 6,078,222 due on transfer and AED 4,032,350 on a remaining payment plan, with a total buyer cost of AED 10,110,572. Handover is scheduled for Q1 2028, providing a clear timeline for investors seeking a mid-term horizon. The deal thesis is straightforward: a substantial discount in a prime, under-construction asset with a clear handover date and a payment plan, in a location with proven demand and robust infrastructure.

LOCATION & TRANSPORT

City Walk is a central Dubai destination, strategically situated in Al Wasl and well-connected to the city’s main business and leisure districts. The development is easily accessible from Sheikh Zayed Road and Jumeirah Street, placing Downtown Dubai, DIFC, and Business Bay within a short drive. Public transport options include proximity to the Dubai Metro (Burj Khalifa/Dubai Mall and Business Bay stations), as well as multiple bus routes serving the area. The location is pedestrian-friendly, with landscaped walkways and direct access to the City Walk retail and dining precinct. Dubai International Airport is approximately 15 minutes by car, making this a convenient base for residents and tenants with frequent travel needs.

AMENITIES & SURROUNDING

Verve at City Walk is designed as a multi-building complex with a strong focus on lifestyle and community. Residents benefit from a comprehensive suite of amenities, including a lagoon pool, wellness garden, outdoor gymnasium, jogging trails, and community parks. The development features double-height lobbies, co-working spaces, and meeting lounges with private outdoor courtyards, catering to both leisure and business needs. Family-friendly facilities such as children’s play areas, nurseries, and a clubhouse are integrated into the master plan. The podium level connects the towers and hosts an exclusive retail hub, with a curated mix of shops, cafes, and services. The wider City Walk district offers additional retail, dining, and entertainment options, as well as schools, mosques, and sports facilities, all within walking distance. The landscaped drop-off area and water features enhance the arrival experience, while large balconies and floor-to-ceiling windows maximise natural light and views.

MARKET

The Dubai off-plan market has shown resilience, particularly in prime locations with established developer reputations. Meraas projects, and City Walk in particular, have attracted both end-users and investors seeking a blend of urban living and long-term capital appreciation. Recent transactions in Verve - Tower B indicate smaller one-bedroom units trading at AED 3,038 to AED 3,120 per square foot, underlining the value proposition of this larger three-bedroom unit at AED 2,734 per square foot. The area is popular with professionals, families, and international tenants, supporting strong rental demand and liquidity. The handover timeline (Q1 2028) aligns with anticipated population growth and infrastructure enhancements in central Dubai. As with any off-plan purchase, investors should consider construction risk and market volatility, but the significant discount to original price provides a buffer against short-term fluctuations. The payment plan structure also allows for capital management flexibility during the construction phase.

CONCLUSION

For investors seeking exposure to Dubai’s central residential market, this three-bedroom apartment in Verve - Tower B offers a compelling balance of size, location, and pricing. The 20.4% discount to original price, combined with a payment plan and a clear handover date, creates a straightforward investment case. The project’s amenities, connectivity, and developer pedigree support both rental and resale prospects. While off-plan investments carry inherent risks, the pricing and positioning of this unit provide a margin of safety relative to recent market benchmarks. This opportunity is well-suited to buyers looking for a mid-term hold in a sought-after urban setting, with the potential for both yield and capital appreciation as City Walk continues to mature.

Location

VERVE - TOWER B — City Walk, Dubai

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Illustrative model

Scenario modeller

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

Purchase

The price you are 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.

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.

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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.

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