Palm JumeirahAED 3,625/sqftCity WalkAED 3,268/sqftDubai Maritime CityAED 3,078/sqftDowntown DubaiAED 2,953/sqftDubai MarinaAED 2,836/sqftDubai IslandsAED 2,748/sqftBusiness BayAED 2,620/sqftDubai Creek HarbourAED 2,588/sqftDubai Hills EstateAED 2,444/sqftJumeirah Lakes TowersAED 2,229/sqftMohammed Bin Rashid CityAED 2,097/sqftAl JaddafAED 2,051/sqftJumeirah Village TriangleAED 1,673/sqftDubai SouthAED 1,630/sqftArjanAED 1,608/sqftJumeirah Village CircleAED 1,511/sqftDubai Sports CityAED 1,336/sqftPalm JumeirahAED 3,625/sqftCity WalkAED 3,268/sqftDubai Maritime CityAED 3,078/sqftDowntown DubaiAED 2,953/sqftDubai MarinaAED 2,836/sqftDubai IslandsAED 2,748/sqftBusiness BayAED 2,620/sqftDubai Creek HarbourAED 2,588/sqftDubai Hills EstateAED 2,444/sqftJumeirah Lakes TowersAED 2,229/sqftMohammed Bin Rashid CityAED 2,097/sqftAl JaddafAED 2,051/sqftJumeirah Village TriangleAED 1,673/sqftDubai SouthAED 1,630/sqftArjanAED 1,608/sqftJumeirah Village CircleAED 1,511/sqftDubai Sports CityAED 1,336/sqft
DLD · MEDIAN 12M TO JUL 2026
DISTRESS DEAL: 4-BR IN BAHAMAS 2

Distress Deal

DISTRESS DEAL: 4-BR IN BAHAMAS 2

Asking PriceAED 2,500,000
Below Original Price12.5%
Size2,210 sq.ft
Bedrooms4
Price / Sq.FtAED 1,131
HandoverQ1 2030
Sold
Listed 22 May 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 22 May 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

UNIT PRICE AED 2,500,000

PAYMENTS ON TRANSFER

1. Payment to seller AED 385,580
2. DLD Transfer fee 4% + 40 AED AED 100,040
3. DLD Registration Trustee fee + 5%VAT AED 5,250
4. Buyer's agent comission 2% + 5%VAT AED 52,500

PAYMENT PLAN SCHEDULE

28-MAY-2026 AED 27,460
28-JUN-2026 AED 27,460
28-JUL-2026 AED 82,380
28-AUG-2026 AED 27,460
28-SEP-2026 AED 27,460
28-OCT-2026 AED 27,460
28-NOV-2026 AED 27,460
28-DEC-2026 AED 27,460
28-JAN-2027 AED 82,380
28-FEB-2027 AED 27,460
28-MAR-2027 AED 27,460
28-APR-2027 AED 27,460
28-MAY-2027 AED 27,460
28-JUN-2027 AED 27,460
28-JUL-2027 AED 82,380
28-AUG-2027 AED 27,460
28-SEP-2027 AED 27,460
28-OCT-2027 AED 27,460
28-NOV-2027 AED 27,460
28-DEC-2027 AED 27,460
28-JAN-2028 AED 82,380
28-FEB-2028 AED 27,460
28-MAR-2028 AED 27,460
28-APR-2028 AED 27,460
28-MAY-2028 AED 27,460
28-JUN-2028 AED 27,460
28-JUL-2028 AED 27,460
28-AUG-2028 AED 27,460
28-SEP-2028 AED 27,460
28-OCT-2028 AED 27,460
28-NOV-2028 AED 27,460
28-DEC-2028 AED 27,460
28-JAN-2029 AED 27,460
28-FEB-2029 AED 27,460
28-MAR-2029 AED 27,460
28-APR-2029 AED 27,460
28-MAY-2029 AED 27,460
28-JUN-2029 AED 27,460
28-JUL-2029 AED 27,460
28-AUG-2029 AED 27,460
28-SEP-2029 AED 27,460
28-OCT-2029 AED 27,460
28-NOV-2029 AED 27,460
28-DEC-2029 AED 27,460
On Handover AED 686,500

SUMMARY

Total on Transfer AED 543,370
Total remaining Payment Plan AED 2,114,420
TOTAL COST FOR BUYER AED 2,657,790

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This 4-bedroom villa in Bahamas 2, Damac Islands 2, is offered as a distress deal at AED 2,500,000. The original price, including DLD fee, was AED 2,855,840, reflecting a 12.5% discount or AED 355,840 below the reference point. With a built-up area of 2,210 sq.ft, the entry basis is AED 1,131 per sq.ft. This is a ground plus one (G+1) layout, with balcony and parking included. The handover is scheduled for Q1 2030, so the investment case is for a forward-purchase in a major off-plan community by Damac. The immediate thesis is that the buyer secures a four-bedroom villa at a visible discount to both the original price and recent transaction benchmarks in the same project, with a payment plan stretching to handover. The deal is not about immediate rental income, but about securing a lower entry basis in a new master-planned district with a long-term view on capital appreciation and future liquidity.

LOCATION & TRANSPORT

Bahamas 2 is part of Damac Islands 2, a large-scale master community in the Al Yelayiss 1 area of Dubai. The wider Damac Islands development is positioned to benefit from future infrastructure upgrades and new access routes as the area matures. While the community is still under construction, the planned road network is designed to connect residents efficiently to Sheikh Zayed Road and other major Dubai corridors. For investors, the location is about future connectivity rather than current convenience. The area is expected to attract both end-users and investors as the project nears completion, with the transport profile improving as the district develops. Ride-hailing and private car use will likely be the main modes of transport initially, with public transport options potentially expanding as the community grows.

AMENITIES & SURROUNDING

Bahamas 2 residents will have access to a comprehensive set of amenities shared with the wider Damac Islands 2 community. These include barbecue areas, a clubhouse, co-working spaces, cycle paths, a farmers' market, fitness centre, garden, lagoon pool, lake, library, private gardens, private pools, recreational facilities, restaurants, rooftop terraces, social activity areas, spa, sports facilities, waterfall, yoga deck, and a zipline. The master plan is designed to create a resort-style environment with a focus on wellness, leisure, and social interaction. Surrounding infrastructure is still in the development phase, but the vision is for a self-contained district with retail, dining, and recreational options integrated into the community. This amenity mix is intended to appeal to families and lifestyle-oriented buyers seeking a modern, activity-rich environment.

MARKET

Recent transaction data in Damac Islands 2 shows 4-bedroom villas trading at AED 2,825,000 (1,551 sq.ft, AED 1,821 per sq.ft) and AED 2,982,000 (1,550 sq.ft, AED 1,924 per sq.ft) in April and May 2026. Against these, the subject villa is priced at AED 2,500,000 for 2,210 sq.ft, or AED 1,131 per sq.ft—significantly below both the headline price and price per square foot of recent sales. This positions the deal as a clear value entry for investors who are comfortable with off-plan risk and a multi-year holding period. The buyer profile is likely to be a mix of investors seeking capital appreciation and end-users planning for future occupation. Liquidity in the early stages may be limited, as the project is still several years from completion, and resale activity is typically thinner in the pre-handover phase. The main risk points are construction timeline, future service charges, and the pace of area infrastructure delivery, all of which are standard for large-scale off-plan investments in Dubai.

CONCLUSION

For investors seeking discounted entry into a major off-plan villa community, this 4-bedroom Bahamas 2 unit offers a visible price advantage over both original pricing and recent comparable transactions. The payment plan structure and long handover timeline mean this is a forward-looking play, best suited to buyers who are comfortable underwriting construction and area development risk in exchange for a lower entry basis. The amenity-rich master plan and Damac’s track record in delivering large communities support the long-term case, but buyers should be realistic about holding period, liquidity, and the need to monitor project progress. In summary, this is a disciplined way to secure a four-bedroom villa in a new Dubai district at a meaningful discount, provided the investor is prepared for the standard risks attached to off-plan acquisitions and is focused on long-term value rather than immediate returns.

Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 4-BR IN BAHAMAS 2 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.

8% is roughly a month plus re-letting.

Letting fees and routine repairs.

Replace with the building's own schedule.

Acquisition costs

4% is the Dubai standard.

Buyer-side. 5% VAT added.

Trustee, title deed, NOC.

Exit

1 to 40 years.

0% by default: we publish no price forecasts.

5% VAT added automatically.

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Enter the asking price to run the model.

Every figure recalculates as you type. Use the price you are actually considering.

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 Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.

Location

BAHAMAS 2Damac Islands, Dubai

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