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: 4-BR DUPLEX IN LAGOON VIEWS — distress deal in MBR City from Mitchell's Commercial Real EstateLAGOON VIEWS · MBR City

Nakheel · MBR City

DISTRESS DEAL: 4-BR DUPLEX IN LAGOON VIEWS

Asking price as listedAED 11,300,000AED 2,265 per sq.ft
Original price + DLDAED 11,415,872
DiscountAED 115,8721% below original price
Unit
4-BR DUPLEX
Size
4,989 sq.ft
Developer
Nakheel

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

Sold
Listed 13 March 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 13 March 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 11,994,590The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 11,300,000
Fees and commissionAED 694,590
At transferDue at transferAED 11,994,590Payable when the unit transfers to the buyer.
  • Payment to sellerAED 11,300,000
  • DLD Transfer fee 4% + 40 AEDAED 452,040
  • DLD Registration Trustee fee + 5% VATAED 5,250
  • Buyer's agent commission 2% + 5% VATAED 237,300
  • Total on transferAED 11,994,590

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Floor plan

Floor plan for DISTRESS DEAL: 4-BR DUPLEX IN LAGOON VIEWSFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 4-BR DUPLEX IN LAGOON VIEWS

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

Lagoon Views at District One is a mid rise residential building located within The Residences at District One in District One, Meydan One, Meydan, within the wider Mohammed Bin Rashid City development in Dubai, United Arab Emirates. The project forms part of the District One master planned community. The building is designed as a ten storey residential structure and is also referred to as Residence 9 within the community planning framework.

LOCATION & TRANSPORT

The building is situated in District One within the Meydan area of Dubai. Mohammed Bin Rashid City is a large mixed use urban development positioned south of Business Bay and east of the Nad Al Sheba district. The location places Lagoon Views at District One within close driving distance of several established commercial and retail hubs including Downtown Dubai and Business Bay.

AMENITIES & SURROUNDING

The District One development includes a range of internal facilities planned at community level. These consist of landscaped open spaces, parks, walking tracks and cycling routes designed to connect residential clusters. Several adjacent developments contribute additional services and retail infrastructure including shops, supermarkets, restaurants and community leisure areas within nearby districts such as Business Bay and Meydan. Recreational amenities nearby include The Track Meydan Golf club located approximately 3.1 kilometres away, which is part of the Meydan Racecourse complex.

MARKET

The project is being developed by Nakheel. Lagoon Views at District One began construction in April 2022. Government data from the Dubai Land Department indicates that the registered project value is approximately AED 192,165,000. The building forms part of The Residences at District One sub community, which consists primarily of low rise and mid rise apartment buildings located near the District One lagoon and surrounding parkland areas. The development framework includes residential buildings, cycling routes, landscaped gardens and water based recreational infrastructure. Lagoon Views at District One is designed as a ten storey residential building. Within the District One master plan, mid rise structures such as The asking price, discount, size and price per square foot are the core comparison points for buyer review.

CONCLUSION

The project is being developed by Nakheel. Lagoon Views at District One began construction in April 2022. Government data from the Dubai Land Department indicates that the registered project value is approximately AED 192,165,000.

Location

LAGOON VIEWS — MBR City, Dubai

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 4-BR DUPLEX IN LAGOON VIEWS 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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