Palm JumeirahAED 3,615/sqftDubai Maritime CityAED 3,133/sqftDowntown DubaiAED 2,914/sqftDubai IslandsAED 2,755/sqftDubai Creek HarbourAED 2,567/sqftBusiness BayAED 2,554/sqftDubai MarinaAED 2,495/sqftDubai Hills EstateAED 2,444/sqftJumeirah Lakes TowersAED 2,285/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,045/sqftJumeirah Village TriangleAED 1,662/sqftDubai SouthAED 1,647/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,502/sqftDubai Sports CityAED 1,330/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm JumeirahAED 3,615/sqftDubai Maritime CityAED 3,133/sqftDowntown DubaiAED 2,914/sqftDubai IslandsAED 2,755/sqftDubai Creek HarbourAED 2,567/sqftBusiness BayAED 2,554/sqftDubai MarinaAED 2,495/sqftDubai Hills EstateAED 2,444/sqftJumeirah Lakes TowersAED 2,285/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,045/sqftJumeirah Village TriangleAED 1,662/sqftDubai SouthAED 1,647/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,502/sqftDubai Sports CityAED 1,330/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO SEP 2026
DISTRESS DEAL: 4-BR IN SERRO 2

Distress Deal

DISTRESS DEAL: 4-BR IN SERRO 2

Asking PriceAED 7,850,000
Below Original Price6.0%
Size4,302 sq.ft
Bedrooms4
Price / Sq.FtAED 1,825

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The numbers

Payment breakdown

UNIT PRICE AED 7,850,000

PAYMENTS ON TRANSFER

Payment to seller AED 1,429,290
DLD Transfer fee (4% of OP + 40 AED) AED 321,076
Trustee Office Fee AED 5,250
Buyer's Agency Commission (2% + VAT) AED 164,850

PAYMENT PLAN SCHEDULE

20-SEP-2026 AED 802,589
20-MAR-2027 AED 802,589
20-SEP-2027 AED 802,589
23-APR-2028 AED 802,589
2-OCT-2028 AED 802,589
14-MAR-2029 AED 802,589
On Handover (31-MAY-2030) AED 1,605,176

SUMMARY

Total on Transfer AED 1,920,466
Total remaining Payment Plan AED 6,420,710
TOTAL COST FOR BUYER AED 8,341,176

Layout

Floor plan

Floor plan for DISTRESS DEAL: 4-BR IN SERRO 2Floor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 4-BR IN SERRO 2

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This is a four-bedroom villa in Serro 2, the Emaar development at The Heights Country Club. The plot measures 4,832 sq.ft with a built-up area of 4,302 sq.ft over ground, first floor and roof, and the villa carries a balcony, private parking and a private pool. The asking price is AED 7,850,000 against an original price plus DLD of AED 8,346,923, a reduction of AED 496,923 or 6.0% below original price. On 4,302 sq.ft of built-up area that is AED 1,825 per square foot. The buyer settles AED 1,920,466 at transfer, of which AED 1,429,290 goes to the seller, and then carries AED 6,420,710 across six half-yearly instalments of AED 802,589 and a final AED 1,605,176 on handover, dated 31 May 2030. Total cost is AED 8,341,176.

LOCATION & TRANSPORT

The Heights Country Club sits in the Dubai Investment Park and Dubai Science Park corridor, on the western side of the city along the Emirates Road and Sheikh Mohammed Bin Zayed Road axis. Access runs north towards Dubai Marina and Jumeirah Golf Estates and south towards Expo City and Al Maktoum International Airport. Al Maktoum International is the nearer airport at roughly twenty minutes by car, with Dubai International around forty. Downtown Dubai is approximately thirty-five minutes outside peak hours. The community is car-dependent with no metro station in reach. As with most of the newer masterplans on this side of the city, the infrastructure story is tied to the growth of Expo City and the southern airport. Road capacity along this stretch of Emirates Road has been expanded in recent years, though peak-time journeys into the city centre remain long.

AMENITIES & SURROUNDING

The Heights Country Club is an Emaar masterplan built around a country club concept, with the sports and clubhouse amenity central to how the community is positioned. The villa itself has a private pool, private parking, a balcony and a ground-plus-one-plus-roof configuration across 4,302 sq.ft of built-up area on a 4,832 sq.ft plot, so the roof level adds usable outdoor space above the garden. Emaar's track record of delivering community amenity alongside housing is an established part of what its masterplans are priced on. Retail, schooling and healthcare serving this corridor are concentrated around Dubai Investment Park, Green Community and the Motor City and Sports City districts to the north-east. The clubhouse and sports facilities are central to the pricing, so their delivery phase relative to this plot is worth confirming before purchase.

MARKET

A 6.0% reduction against original price is a moderate discount, and at AED 1,825 per square foot on built-up area this villa sits mid-range for a pool-equipped Emaar villa. The dominant feature is time: handover is dated 31 May 2030, a long horizon by any measure, and the buyer takes on a payment schedule of six half-yearly instalments running to March 2029 before a final payment at completion. That structure suits a buyer building a position over several years and unsuited to anyone needing an exit inside three. On the other side, a long schedule keeps the capital requirement low in any single year, and Emaar villa stock has historically held its resale market well. A buyer should also note that a schedule running to 2030 means several years of exposure to changes in finance costs and in the developer construction programme.

CONCLUSION

This suits a patient buyer who wants an Emaar villa with a private pool and a roof terrace, and who is willing to fund it in half-yearly steps out to 2030 rather than in a lump. The discount is modest but the structure is genuinely gradual, with no single payment exceeding AED 1.61m. The reservations are the length of the horizon, the distance from the established city centre and the dependence of the corridor on Expo City and Al Maktoum International developing as planned. All figures are taken from the seller's published listing. Confirm the construction status, the instalment dates and any assignment restrictions with us before you act. We can also obtain the villa floor plans and the current construction status from Emaar.

Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 4-BR IN SERRO 2 behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Below original price
6.0%

As stated on this listing: the asking price measured against the original purchase price recorded for this unit. It is not a discount to current market value and not a valuation — a unit priced below what it originally sold for may still be at or above what comparable units achieve today. Check the registered comparables before treating the gap as equity. It is not used in any calculation below.

Asking price per sq.ft
AED 1,825/sqft

The asking price divided by the stated size. Compare it against registered sales in the same building before deciding whether the asking price is competitive.

Purchase

Seeded from this page — change it to your figure.

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.

Total cash investedThe purchase price plus every cost of getting the keys. It is the denominator of the ROI, ROE and IRR figures.
AED 8.33M
Price plus every acquisition cost
Illustrative exit price
AED 7.85M
After 5 yr at 0.0% p.a.
Total profit, capital onlyCapital movement over the hold, less every purchase and sale cost and the service charge. It carries no rental income at all, because no rent has been set.
Set service charge, maintenance & management, vacancy allowance above
Net yieldNet operating income (rent collected less management, maintenance and service charge) divided by the purchase price. It cannot be calculated until a gross annual rent is set.
Set a gross annual rent
Cash out, and cash back over 5 years
Cash out at t0AED 8,328,850
Cash back, years 1–5

Set service charge, maintenance & management, vacancy allowance above to see cash back — until then this figure would be assuming zero for them.

Cash required at completion
Purchase priceAED 7,850,000
DLD transfer fee (4%)AED 314,000
Agency fee (2%)AED 157,000
VAT on agency fee (5%)AED 7,850
Conveyancing, trustee & adminAED 0
Total cash investedAED 8,328,850

This is the ROI and IRR denominator: the price plus every cost of getting the keys, not the price alone.

No rental evidence is held for this unit. The rent figure is yours to set — we have not assumed one. Until you enter a gross annual rent, the yield, ROI/ROE and IRR figures reflect capital movement and costs only.

Annual operating position
Gross annual rentAED 0
Vacancy allowance (not set)
Maintenance & management (not set)
Service charge (4,302 sq ft at AED — not set)
Net operating income

Figures marked “—” need service charge, maintenance & management, vacancy allowance entered above — we do not compute them on an assumed zero.

Cash-flow schedule — the 5-year figures the IRR is solved from (incomplete — see note)
YearNet operating incomeSale proceeds, netNet cash flow
0 · today−AED 8,328,850
1AED 0AED 0
2AED 0AED 0
3AED 0AED 0
4AED 0AED 0
5AED 0AED 7,685,150AED 7,685,150
Years 1–5AED 0AED 7,685,150AED 7,685,150
Less the year-0 outflow of AED 8,328,850 → total profit−AED 643,700

Exit at year 5: illustrative sale price AED 7,850,000 less selling costs AED 164,850 = AED 7,685,150 net. The final column is the schedule the IRR is solved from. Rent is held flat in nominal terms — the rent-growth field is at 0% — as is the service charge, so no inflation is assumed on either side. This audit table is arithmetic, so every row must resolve to a number — but service charge, maintenance & management, vacancy allowance are not set above, and the figures here currently assume zero for them. Nothing on this table should be read as a result until you set them; the headline tiles above withhold theirs for exactly this reason.

Sensitivity — the same purchase at −5% to +5% exit growth
Exit growthExit priceTotal profitROIIRR
−5% p.a.AED 6.07M
−3% p.a.AED 6.74M
0% p.a.your figureAED 7.85M
3% p.a.AED 9.10M
5% p.a.AED 10M

Each row re-runs the whole model with only the exit growth rate changed, over the same 5-year hold. The 0% and negative rows are not a worst case — they are simply what the same purchase returns if prices do not rise. Dubai prices have fallen in the past and can fall again. The return columns are shown as “—” until a gross annual rent is set; the total profit column reflects capital movement, purchase and sale costs and the service charge only.

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.

Email my results

We’ll send this scenario — your assumptions and the figures they produce — to your inbox.

Set service charge, maintenance & management, vacancy allowance above and we can email you this scenario. Until then every headline figure reads “—”, because the model would otherwise be assuming zero for them — and we publish no figure for them.

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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A discounted unit is bought the same way any other is — the questions are just sharper. These are our own guides and articles on buying from overseas, taking on a resale or an off-plan assignment, and what the purchase actually costs.

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