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 SOBHA ONE — distress deal in Ras Al Khor from Mitchell's Commercial Real EstateSOBHA ONE · Ras Al Khor

Sobha · Ras Al Khor

DISTRESS DEAL: 4-BR DUPLEX IN SOBHA ONE

Asking price as listedAED 4,980,000AED 2,115 per sq.ft
Original price + DLDAED 5,301,865
DiscountAED 321,8656.07% below original price
Unit
4-BR DUPLEX
Size
2,355 sq.ft
Developer
Sobha
Handover
Q4 2026

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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The numbers

Payment breakdown

Total cost for buyer, as listedAED 5,289,070The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 4,980,000
Fees and commissionAED 309,070
Step 01Due at transferAED 2,230,302Payable when the unit transfers to the buyer.
  • Payment to sellerAED 1,921,232
  • DLD Transfer fee 4% + 40 AEDAED 199,240
  • DLD Registration Trustee fee + 5% VATAED 5,250
  • Buyer's agent commission 2% + 5% VATAED 104,580
  • Total on transferAED 2,230,302
Step 02Payable to Sobha after transferAED 3,058,768The balance of the payment plan, which the buyer takes over.
  • On Handover (31-DEC-2026)AED 3,058,768
  • Total remaining payment planAED 3,058,768

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Floor plan

Floor plan for DISTRESS DEAL: 4-BR DUPLEX IN SOBHA ONEFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 4-BR DUPLEX IN SOBHA ONE

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

Sobha One is a large residential development under construction in Ras Al Khor Industrial Area 1 in Dubai. The project forms a multi-building residential complex comprising five high-rise towers that together establish a new residential cluster within the eastern corridor of Dubai. The development is being delivered by Sobha Realty through its subsidiary Sobha Capital LLC. The architectural consultant on the project is PNC Architects and the main contractor responsible for construction is Sobha Contracting.

LOCATION & TRANSPORT

The site is located within Ras Al Khor Industrial Area 1, an area situated east of Business Bay and south of Dubai Creek. This district historically comprises logistics, warehousing and light industrial activity but has begun to transition in parts toward residential and mixed-use redevelopment. Sobha One is positioned near several rapidly expanding communities including Sobha Hartland, Meydan, Dubai Creek Harbour and Al Jaddaf. Nearby development clusters include Azizi Riviera and other residential buildings associated with Mohammed Bin Rashid City.

AMENITIES & SURROUNDING

A range of infrastructure elements are located within short driving distance of the development. Retail and entertainment facilities can be accessed at Dubai Festival City, which is approximately 4.5 kilometres away and contains a large shopping mall as well as the waterfront projection show known as Imagine at Dubai Festival City. Cultural and leisure amenities include Jameel Arts Centre approximately 5.2 kilometres from the site. Parks located nearby include Hartland Greens East Park, Creek Island Central Park and Riviera East Park, all situated within approximately three kilometres.

MARKET

The complex consists of five individual towers known as Sobha One Tower A, Sobha One Tower B, Sobha One Tower C, Sobha One Tower D and Sobha One Tower E. Each tower varies in height, with the structures rising approximately 66 storeys, 54 storeys, 48 storeys and two towers at 36 storeys. The towers are arranged within a coordinated site plan that integrates residential floors, podium structures, landscaped areas and shared facilities. Units are configured primarily as residential apartments with a range of layouts including one-bedroom, two-bedroom and three-bedroom units, with selected larger configurations in higher floors of the towers. Parking is integrated within podium levels and building basements. The project is designed as a vertical residential community where multiple towers share amenities, infrastructure and internal circulation routes.

CONCLUSION

The complex consists of five individual towers known as Sobha One Tower A, Sobha One Tower B, Sobha One Tower C, Sobha One Tower D and Sobha One Tower E. Each tower varies in height, with the structures rising approximately 66 storeys, 54 storeys, 48 storeys and two towers at 36 storeys. The towers are arranged within a coordinated site plan that integrates residential floors, podium structures, landscaped areas and shared facilities.

Location

SOBHA ONE — Ras Al Khor, Dubai

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 4-BR DUPLEX IN SOBHA ONE behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Purchase

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Rent and service charge both start here.

Holding & income

Your figure. We have not assumed one.

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Your figure — we publish none. A month vacant plus re-letting time is roughly 8%, if that fits your building.

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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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