Distress Deal
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 21 May 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.
On this page
The numbers
| UNIT PRICE | AED 10,800,000 |
| 1. Payment to seller | AED 10,800,000 |
| 2. DLD Transfer fee 4% + 40 AED | AED 432,040 |
| 3. DLD Registration Trustee fee + 5%VAT | AED 5,250 |
| 4. Buyer's agent commission 2% + 5%VAT | AED 226,800 |
| Total on Transfer | AED 11,464,090 |
| TOTAL COST FOR BUYER | AED 11,464,090 |
Photography
Distress Deal
This 4-bedroom apartment in Imperial Avenue, Downtown Dubai, is presented as a distress deal at AED 10,800,000. The original price, including DLD fees, was AED 13,104,000, so the current offer reflects a 17.6% discount, or AED 2,304,000 below the previous reference. The unit spans 3,300 sq.ft, setting the entry basis at approximately AED 3,273 per sq.ft. This is a ready and vacant property, positioned on a high floor (30+), with a full Burj Khalifa view and a balcony. The immediate investment case is clear: this is not an off-plan or speculative position, but a completed, large-format Downtown asset with direct usability and a visible discount to the last developer pricing. For buyers seeking a significant Downtown Dubai address at a lower entry point, this deal offers a tangible cost advantage and immediate possession.
Imperial Avenue is situated in Downtown Dubai, one of the city’s most established and internationally recognised districts. The location provides direct access to Sheikh Mohammed bin Rashid Boulevard, with the Burj Khalifa, Dubai Mall, and Dubai Opera all within a short walking or driving distance. Public transport is well supported, with the Burj Khalifa/Dubai Mall Metro Station nearby and a network of taxis and ride-hailing options readily available. For residents and tenants, this means practical connectivity to the city’s business, retail, and leisure hubs, as well as straightforward access to Dubai International Airport and arterial roads. The Downtown setting also underpins the building’s rental and resale appeal, as demand for central, well-connected addresses remains resilient among both end-users and investors.
Imperial Avenue is a 46-storey residential tower completed by SP International, the UAE arm of Shapoorji Pallonji. The building offers a suite of amenities expected from a flagship Downtown project, including a swimming pool, gym, dedicated children’s play areas, landscaped podium gardens, and multi-purpose function spaces. Security and concierge services are provided, with secure basement parking for residents. The immediate surroundings include a range of cafes, restaurants, supermarkets, and retail outlets, all within walking distance. The wider Downtown Dubai district offers access to world-class leisure and cultural attractions, including the Dubai Fountain, Souk Al Bahar, and a variety of five-star hotels. The area’s infrastructure is mature, with well-maintained public spaces and a strong sense of community, supporting both family living and professional lifestyles.
At an entry price of AED 3,273 per sq.ft, this 4-bedroom unit sits above the recent Imperial Avenue transaction range for smaller units (noted between AED 1,900 and AED 2,200 per sq.ft for 1- and 2-bed apartments in 2026). However, larger, high-floor, full-view units in Downtown Dubai typically command a premium, especially when ready and vacant. The buyer profile for this asset is likely to be a mix of end-users seeking a substantial Downtown residence and investors targeting rental income or capital appreciation. Rentability is supported by the building’s newness, amenity set, and central location, but the larger size may narrow the tenant pool to families or corporate users. Liquidity in the resale market is generally robust for Downtown Dubai, though larger units can see longer marketing periods. The main risk points are service charges, ongoing supply in the Downtown segment, and the need to benchmark against other new-build, high-floor offerings in the area. The discount to original price provides a buffer, but buyers should underwrite conservatively, factoring in operating costs and realistic rental yields.
This distress deal at Imperial Avenue is best suited to investors or end-users seeking immediate Downtown Dubai exposure at a visible discount to recent developer pricing. The high-floor, 4-bedroom layout with full Burj Khalifa views is a strong differentiator, and the building’s amenity profile supports both rental and resale strategies. The main considerations are the premium per square foot relative to smaller units, service charge levels, and the need to validate ongoing demand for large-format Downtown apartments. For buyers comfortable with these points, the deal offers a practical route into a completed, high-specification Downtown asset with a meaningful cost advantage. As always, careful due diligence on building operations and market comparables is advised, but the core thesis—a ready, discounted, large Downtown unit with immediate usability—stands up well in the current market context.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: 4-BR IN IMPERIAL AVENUE 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 actually considering.
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.
IMPERIAL AVENUE — Downtown Dubai
