Palm JumeirahAED 3,631/sqftDubai Maritime CityAED 3,135/sqftDowntown DubaiAED 2,922/sqftDubai IslandsAED 2,753/sqftDubai Creek HarbourAED 2,567/sqftBusiness BayAED 2,562/sqftDubai MarinaAED 2,496/sqftDubai Hills EstateAED 2,439/sqftJumeirah Lakes TowersAED 2,279/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,047/sqftJumeirah Village TriangleAED 1,665/sqftDubai SouthAED 1,647/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,505/sqftDubai Sports CityAED 1,330/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm JumeirahAED 3,631/sqftDubai Maritime CityAED 3,135/sqftDowntown DubaiAED 2,922/sqftDubai IslandsAED 2,753/sqftDubai Creek HarbourAED 2,567/sqftBusiness BayAED 2,562/sqftDubai MarinaAED 2,496/sqftDubai Hills EstateAED 2,439/sqftJumeirah Lakes TowersAED 2,279/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,047/sqftJumeirah Village TriangleAED 1,665/sqftDubai SouthAED 1,647/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,505/sqftDubai Sports CityAED 1,330/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO SEP 2026
DISTRESS DEAL: 3-BR + Maid's IN ALBERO

Distress Deal

DISTRESS DEAL: 3-BR + Maid's IN ALBERO

Asking PriceAED 4,000,000
Below Original Price18.2%
Size1,848 sq.ft
Bedrooms3
Price / Sq.FtAED 2,165
HandoverQ3 2029
Sold
Listed 9 June 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 9 June 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 4,000,000

PAYMENTS ON TRANSFER

Payment to seller AED 771,679
DLD Transfer fee 4% + 40 AED AED 160,040
DLD Registration Trustee fee + 5%VAT AED 5,250
Buyer's agent comission 2% + 5%VAT AED 84,000

PAYMENT PLAN SCHEDULE

5-JUN-2026 AED 461 189
7-MAR-2027 AED 461 189
27-NOV-2027 AED 461 189
1-MAY-2028 AED 461 189
7-DEC-2028 AED 461 189
On Handover (30-SEP-2029) AED 922 376

SUMMARY

Total on Transfer AED 1,020,969
Total remaining Payment Plan AED 3,228,321
TOTAL COST FOR BUYER AED 4,249,290

Layout

Floor plan

Floor plan for DISTRESS DEAL: 3-BR + Maid's IN ALBEROFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 3-BR + Maid's IN ALBERO

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This 3-bedroom plus maid's apartment in Albero, Creek Harbour, is presented as a distress deal at AED 4,000,000. The original price, including DLD fees, was AED 4,888,000, so the current offer reflects an AED 888,000 reduction—an 18.2% discount to the reference price. The unit spans 1,848 sq.ft, setting the entry basis at approximately AED 2,165 per sq.ft. This is a corner apartment, positioned on a high floor (between levels 45 and 55), with community and golf views and a balcony. The completion is scheduled for Q3 2029, so the investment thesis is forward-looking: the buyer secures a significant discount on a future Emaar handover, with a structured payment plan that staggers outlays until completion. The immediate case is for an investor seeking below-market entry into a new Creek Harbour project, with the potential to benefit from area growth and Emaar’s delivery track record.

LOCATION & TRANSPORT

Albero is located within Dubai Creek Harbour, a master-planned waterfront district positioned between Downtown Dubai and Dubai International Airport. The area is designed for accessibility, with direct road links to Ras Al Khor Road and easy access to Sheikh Zayed Road. Public transport options are expanding, with future metro connectivity planned as the district matures. For now, private vehicles, taxis and ride-hailing services form the primary transport layer. The proximity to Downtown and the airport supports both end-user and rental demand, particularly among professionals and families seeking a balance between city access and waterfront living. The wider Creek Harbour area is still in a growth phase, but infrastructure is progressing, and the district is positioned as a new urban centre with increasing connectivity over the next five years.

AMENITIES & SURROUNDING

Albero is part of an Emaar-led development, which typically means a focus on integrated amenities and community infrastructure. Residents can expect access to landscaped podium gardens, swimming pools, fitness centres, children’s play areas, and multi-purpose rooms. The building is designed with contemporary finishes and communal spaces that support both privacy and social interaction. The wider Creek Harbour district features waterfront promenades, retail and dining outlets, parks, and planned cultural attractions. As the area develops, additional amenities such as schools, healthcare facilities, and leisure destinations are expected to come online, further enhancing the liveability and appeal of the location. The immediate surroundings are characterised by ongoing construction, but the long-term vision is a vibrant, mixed-use community with a strong residential and lifestyle offering.

MARKET

At AED 2,165 per sq.ft, this apartment is priced below the typical launch and resale levels for comparable Emaar projects in Creek Harbour, especially for high-floor, corner layouts with views. The 18.2% discount to the original price provides a buffer against market volatility and future supply risk. The payment plan structure, with a significant portion due on handover in 2029, supports capital management and may appeal to buyers seeking to spread exposure over time. The main investor profile is likely to be those comfortable with off-plan risk and seeking capital appreciation as the district matures. Rentability will depend on the pace of area completion and the eventual tenant mix, but Emaar’s track record and the district’s positioning as a new urban hub support the long-term case. Risks include construction timelines, future supply from ongoing launches, and the need for the area’s infrastructure and amenities to reach maturity by handover.

CONCLUSION

This deal is best suited to investors who are comfortable with a forward-looking position in a major Emaar master community. The pricing is visibly below the original reference, and the payment plan allows for staged exposure rather than a single upfront commitment. The corner, high-floor layout with community and golf views adds to the appeal, particularly for future resale or rental positioning. The main considerations are the timeline to handover and the pace of area development, both of which should be factored into any underwriting. For those seeking a discounted entry into a new Creek Harbour address, with the backing of a recognised developer and a structured payment schedule, this apartment offers a balanced risk-reward profile. The discount is meaningful, provided the buyer is comfortable with the off-plan horizon and the evolving nature of the district over the next five years.

Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 3-BR + Maid's IN ALBERO 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.

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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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 Commercial Real Estate is a trading brand; the RERA-licensed broker is Stephen James Mitchell, BRN 68593.

Location

ALBEROCreek Harbour, Dubai

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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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