This 3-bedroom plus maid's apartment in Orla, Palm Jumeirah, is offered as a distress deal at AED 28,000,000. The reference price for this unit is AED 30,264,000, reflecting a 7.5% discount, or AED 2,264,000 below the original price. With a built-up area of 3,949 sq.ft, the entry basis is AED 7,090 per sq.ft. The apartment is positioned on a mid-level floor (between levels 5 and 10), offers sea views, and includes a balcony and three parking spaces. Handover is scheduled for Q4 2026, and the property is being sold on a payment plan, with approximately half due on transfer and the remainder as per the developer's schedule. The immediate investment thesis is clear: this is a large, high-floor, sea-view residence in a branded Dorchester Collection-managed project, available at a visible discount to the developer's current pricing, with the benefit of a staged payment structure and a handover timeline that allows for market appreciation or resale before completion.
ORLA · Palm Jumeirah1 / 2Omniyat · Palm Jumeirah
DISTRESS DEAL: 3-BR + Maid's IN ORLA
- Unit
- 3-BR + Maid's
- Size
- 3,949 sq.ft
- Developer
- Omniyat
- Handover
- Q4 2026
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 23 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
- Payment to sellerAED 13,448,827
- DLD Transfer fee 4% + 40 AEDAED 1,120,040
- DLD Registration Trustee fee + 5%VATAED 5,250
- Buyer's agent comission 2% + 5%VATAED 588,000
- Total on transferAED 15,162,117
- 4th InstallmentAED 14,551,173
- Total remaining payment planAED 14,551,173
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Distress Deal
PROJECT DESCRIPTION
OVERVIEW
LOCATION & TRANSPORT
Orla is located on the Palm Crescent, the outermost ring of Palm Jumeirah, directly south of Atlantis Hotel. This beachfront position provides uninterrupted 270-degree views of the Arabian Gulf and Dubai skyline. Access to the Palm Crescent is via the main trunk road, with connections to Sheikh Zayed Road, Dubai Marina, and the rest of the city. While the Crescent location is more secluded than the trunk, it offers a quieter environment and direct beach access, which appeals to buyers seeking privacy and prestige. Day-to-day transport is primarily by private car or ride-hailing, with ample parking provided in the development. The location is also within practical reach of Nakheel Mall, The Pointe, and key leisure destinations, supporting both resident convenience and rental appeal for high-end tenants.
AMENITIES & SURROUNDING
Orla is a 14-storey residential development by Omniyat, managed by Dorchester Collection. The project is designed by Foster + Partners and features a limited number of bespoke residences, each with unique layouts, floor-to-ceiling windows, and expansive terraces. Amenities include a private 150-metre beach, multiple swimming pools including a family infinity pool and indoor lap pool, a spa and sauna, fitness centre, residents-only clubhouse, library, cinema room, business centre, cigar lounge, bowling alley, children's play areas, pet grooming salon, picnic pavilions, and outdoor dining spaces. Concierge, doorman, porter, valet, and floristry services are provided by Dorchester Collection, ensuring a high standard of service. The surrounding Palm Crescent area is established, with mature landscaping, direct beach access, and proximity to the island's hospitality and retail offerings.
MARKET
At AED 7,090 per sq.ft, this unit is positioned at the upper end of Dubai’s branded residential segment, reflecting both the Palm Jumeirah location and the Dorchester Collection management. Comparable new-build, branded residences on the Palm typically command a premium, especially for larger layouts with sea views and high-floor positioning. The payment plan structure and Q4 2026 handover provide flexibility for investors, allowing for capital appreciation or resale before completion. The buyer profile for Orla is typically international or UHNW, seeking privacy, service, and architectural distinction. Liquidity in this segment is supported by the scarcity of large, branded, beachfront apartments, but it is important to note that the resale market for ultra-prime off-plan units can be sensitive to broader market cycles and developer reputation. Rental demand is likely to be strongest for long-term, high-end tenants or serviced arrangements, with yields reflecting the premium positioning and service charges associated with Dorchester Collection management. Investors should factor in ongoing costs, including service charges and fit-out, when underwriting returns.
CONCLUSION
This distress deal at Orla offers an investor a visible entry discount into one of Palm Jumeirah’s most architecturally ambitious and service-led developments. The combination of a large, sea-view layout, branded management, and a staged payment plan reduces both completion and liquidity risk compared to less established off-plan launches. The main considerations are the timeline to handover, the premium price point, and the ongoing service charge environment. For buyers seeking a Palm Crescent address with Dorchester Collection services and Foster + Partners design, this deal provides a lower entry basis than current developer pricing, with the flexibility to hold for rental income or resale. The core thesis is a discounted, high-quality asset in a globally recognised beachfront location, with both end-user and investor appeal.
Location
ORLA — Palm Jumeirah, Dubai
Illustrative model
Scenario modeller
Set your own assumptions and see how DISTRESS DEAL: 3-BR + Maid's IN ORLA 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.
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