Distress Deal
Available when we last checked on 3 August 2026. The asking price shown is the one published when the listing was added on 7 July 2026, 27 days before that check, and it is not re-checked against the market automatically. Confirm availability and price with us before you act on it.
On this page
The numbers
| UNIT PRICE | AED 6,800,000 |
| Payment to seller | AED 7,000,000 |
| DLD Transfer fee 4% + 40 AED | AED 280,040 |
| DLD Registration Trustee fee + 5%VAT | AED 5,250 |
| Buyer's agent comission 2% + 5%VAT | AED 147,000 |
| Total on Transfer | AED 7,220,090 |
| Total remaining Payment Plan | AED 0 |
| TOTAL COST FOR BUYER | AED 7,220,090 |
Photography
Distress Deal
This is a 3-bedroom plus maid’s apartment in Address Sky View – Tower 1, developed by Emaar and situated in the heart of Downtown Dubai. The property is fully furnished, ready for immediate occupation, and vacant. With a generous size of 1,851 sq.ft, it is positioned on a mid-to-high floor (levels 12–20), offering sea and Sheikh Zayed Road views. The asking price stands at AED 6,800,000, which is approximately 6.7% below the current reference price of AED 7,500,000. This translates to a price per square foot of AED 3,674, presenting a notable discount for a branded, ready residence in one of Dubai’s most sought-after towers. The total buyer cost, including transfer, is AED 7,432,290, with no remaining payment plan obligations. The immediate investment thesis centres on acquiring a high-specification, fully serviced apartment in a prime address at a clear discount to prevailing market values, with the potential for both capital appreciation and strong rental yields.
Address Sky View occupies a prominent position in Downtown Dubai, one of the city’s flagship districts. The development is directly linked to the Dubai Metro and The Dubai Mall via an air-conditioned travelator, ensuring seamless access to key retail, dining, and entertainment destinations. Sheikh Zayed Road is immediately accessible by car, providing rapid connections to the wider city, Dubai International Airport, and business hubs such as DIFC and Business Bay. The central location appeals to both residents and tenants seeking convenience and connectivity, with public transport, taxis, and major road networks all within easy reach. The area is well-served by pedestrian walkways, and the tower’s position offers panoramic views of the Gulf and Downtown skyline.
Residents of Address Sky View benefit from a comprehensive suite of amenities, reflecting the project’s collaboration with Address Hotels + Resorts. The building features a rooftop infinity pool on the Sky Bridge, offering 360-degree vistas of Downtown Dubai and the Gulf. Additional facilities include a state-of-the-art fitness centre, spa, and wellness areas, as well as multiple dining options, including signature restaurants and lounges. The development also provides 24-hour concierge and security services, housekeeping, and valet parking. The apartment comes with two dedicated parking spaces and access to communal spaces designed for both relaxation and social gatherings. The wider Downtown Dubai area offers landscaped parks, world-class retail at The Dubai Mall, and cultural attractions such as the Dubai Opera, all within walking distance.
The Address Sky View is positioned at the upper end of the Downtown Dubai residential market, benefiting from its branded residence status and direct association with Emaar and Address Hotels + Resorts. Branded residences in this district typically command a price premium due to their design, services, and international recognition. The current asking price, set 6.7% below the reference market value, provides a competitive entry point for investors. The property’s size, layout, and views enhance its rentability, appealing to both long-term tenants and short-term serviced accommodation operators. Liquidity in this segment is generally robust, supported by ongoing demand from international buyers and tenants seeking high-quality, centrally located accommodation. However, investors should consider potential risks such as fluctuations in rental demand linked to macroeconomic factors, and the impact of new supply in the Downtown area. Nonetheless, the combination of brand, location, and discount pricing positions this unit favourably for both yield and capital growth strategies.
For investors seeking a ready, fully furnished apartment in a landmark Downtown Dubai address, this 3-bedroom plus maid’s unit in Address Sky View – Tower 1 offers a compelling proposition. The 6.7% discount to prevailing market values provides immediate value, while the project’s amenities, services, and connectivity underpin its long-term appeal to both tenants and end-users. The branded residence model, coupled with Emaar’s reputation, supports liquidity and marketability, though investors should remain mindful of broader market cycles and potential competition from new developments. Overall, this property represents a balanced opportunity for those prioritising location, quality, and a clear pricing advantage in Dubai’s dynamic residential market.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: 3-BR + Maid's IN ADDRESS SKY VIEW - TOWER 1 behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
The date this listing was added to our records. The asking price below is the one published then, and was still 27 days old when we last checked this listing on 3 August 2026. It is not re-checked against the market automatically, so confirm it with us before relying on it.
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.
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.
Cash back is below cash out on these assumptions: over the whole hold this purchase returns less than it costs. Read the sensitivity table before drawing a conclusion.
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.
| Year | Net operating income | Sale proceeds, net | Net cash flow |
|---|---|---|---|
| 0 · today | — | — | −AED 7,224,800 |
| 1 | −AED 33,318 | — | −AED 33,318 |
| 2 | −AED 33,318 | — | −AED 33,318 |
| 3 | −AED 33,318 | — | −AED 33,318 |
| 4 | −AED 33,318 | — | −AED 33,318 |
| 5 | −AED 33,318 | AED 6,657,200 | AED 6,623,882 |
| Years 1–5 | −AED 166,590 | AED 6,657,200 | AED 6,490,610 |
| Less the year-0 outflow of AED 7,224,800 → total profit | −AED 734,190 | ||
Exit at year 5: illustrative sale price AED 6,800,000 less selling costs AED 142,800 = AED 6,657,200 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.
| Exit growth | Exit price | Total profit | ROI | IRR |
|---|---|---|---|---|
| −5% p.a. | AED 5.26M | −AED 2.24M | — | — |
| −3% p.a. | AED 5.84M | −AED 1.67M | — | — |
| 0% p.a.your figure | AED 6.80M | −AED 734k | — | — |
| 3% p.a. | AED 7.88M | AED 326k | — | — |
| 5% p.a. | AED 8.68M | AED 1.11M | — | — |
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.
We’ll send this scenario — your assumptions and the figures they produce — to your inbox.
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.
ADDRESS SKY VIEW - TOWER 1 — Downtown Dubai
