Palm Jumeirah AED 3,549/sqftDubai Maritime City AED 3,144/sqftDowntown Dubai AED 2,884/sqftDubai Islands AED 2,775/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,500/sqftDubai Marina AED 2,476/sqftDubai Hills Estate AED 2,460/sqftJumeirah Lakes Towers AED 2,321/sqftMohammed Bin Rashid City AED 2,098/sqftAl Jaddaf AED 2,054/sqftJumeirah Village Triangle AED 1,656/sqftDubai South AED 1,653/sqftArjan AED 1,588/sqftJumeirah Village Circle AED 1,487/sqftDubai Sports City AED 1,326/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,549/sqftDubai Maritime City AED 3,144/sqftDowntown Dubai AED 2,884/sqftDubai Islands AED 2,775/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,500/sqftDubai Marina AED 2,476/sqftDubai Hills Estate AED 2,460/sqftJumeirah Lakes Towers AED 2,321/sqftMohammed Bin Rashid City AED 2,098/sqftAl Jaddaf AED 2,054/sqftJumeirah Village Triangle AED 1,656/sqftDubai South AED 1,653/sqftArjan AED 1,588/sqftJumeirah Village Circle AED 1,487/sqftDubai Sports City AED 1,326/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 4-BR IN SOBHA ELWOOD — distress deal in Dubailand from Mitchell's Commercial Real EstateSOBHA ELWOOD · Dubailand1 / 2

Sobha · Dubailand

DISTRESS DEAL: 4-BR IN SOBHA ELWOOD

Asking price as listedAED 6,750,000AED 1,348 per sq.ft
Original price + DLDAED 8,590,400
DiscountAED 1,840,40021.4% below original price
Unit
4-BR
Size
5,007 sq.ft
Developer
Sobha

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

Sold
Listed 17 September 2026

This unit has sold. The page is kept as a record. Every figure on it — the asking price, the discount to original price and the payment schedule — is the position as listed on 17 September 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.

Looking for another distressed property deal?

This deal has closed. Tell us the size, area and budget you're working to and a member of the Mitchell's team will come back with the deals that are open now. It takes under a minute, and there's no obligation.

Choose one — the next questions adapt to your answer.

On this page

Quick navigation

The numbers

Payment breakdown

Total cost for buyer, as listedAED 7,227,440The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 6,750,000
Fees and commissionAED 477,440
Step 01Due at transferAED 3,096,533Payable when the unit transfers to the buyer.
  • Payment to sellerAED 2,619,093
  • DLD Transfer fee (4% of OP + 40 AED)AED 330,440
  • Trustee Office FeeAED 5,250
  • Buyer's Agency Commission (2% + VAT)AED 141,750
  • Total on transferAED 3,096,533
Step 02Payable to Sobha after transferAED 4,130,907The balance of the payment plan, which the buyer takes over.
  • 23-03-2027AED 826,181
  • On HandoverAED 3,304,726
  • Total remaining payment planAED 4,130,907

This unit has sold. Tell us what you are looking for and we will send the deals that are open now.

Show me deals like this one

Layout

Floor plan

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

Floor plan

Floor plan for DISTRESS DEAL: 4-BR IN SOBHA ELWOOD

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This is a four-bedroom villa in Sobha Elwood, in Dubailand. The plot measures 6,199 sq.ft with a built-up area of 5,007 sq.ft over ground plus one floor, and the villa has a balcony, private parking and a private pool. The asking price is AED 6,750,000 against an original price plus DLD of AED 8,590,400, a reduction of AED 1,840,400 or 21.4% below original price, a reduction of more than AED 1.8 million in absolute terms and a substantial one in percentage terms. On 5,007 sq.ft of built-up area that is AED 1,348 per square foot. The buyer settles AED 3,096,533 at transfer, of which AED 2,619,093 goes to the seller, and carries AED 4,130,907 across two further payments, for a total cost of AED 7,227,440. Handover is scheduled for July 2028.

LOCATION & TRANSPORT

Sobha Elwood sits in the Dubailand band along Al Ain Road, in the corridor running south-east from Dubai Silicon Oasis towards the Al Ain highway. Access is via Al Ain Road and Sheikh Mohammed Bin Zayed Road, with Emirates Road providing the eastern connection. Downtown Dubai is around twenty-five to thirty minutes by car outside peak hours, and Dubai International Airport a similar distance to the north. Global Village, IMG Worlds of Adventure and the Dubai Outlet Mall lie within the same corridor. The community is car-dependent with no metro access. This part of Dubailand has seen significant villa and townhouse delivery, and road capacity on Al Ain Road is a live consideration at peak times. Al Ain Road is also the main route towards Al Ain and the eastern emirates, which gives the corridor a through-traffic character at weekends.

AMENITIES & SURROUNDING

Sobha Elwood is planned as a villa community organised around tree-lined landscaping, with the developer's masterplan built on a substantial planted area and a network of parks, trails and water features. The villa itself has a private pool, covered parking, a balcony and a ground-plus-one layout across 5,007 sq.ft of built-up area on a 6,199 sq.ft plot, so the garden is usable. Sobha's build quality across its Dubai projects, in particular at Sobha Hartland, is a recognised part of what its villas are priced on. Schools, clinics and retail serving the corridor are concentrated around Dubai Silicon Oasis and Academic City to the north, with Dubai Outlet Mall the nearest large retail destination. As with any off-plan villa, the specification schedule and the finishes contracted for should be checked against the marketing material before purchase.

MARKET

A 21.4% reduction on a four-bedroom Sobha villa is a substantial reduction for a villa from this developer, and AED 1,348 per square foot on built-up area is low for a pool-equipped villa from this developer. The reason is almost certainly the payment profile rather than the asset: AED 4,130,907 remains after transfer, including AED 3,304,726 falling due on handover in July 2028, so a buyer takes on a substantial forward commitment nearly two years out. That is the risk to price in. Against it, the discount is real money, the plot exceeds the built-up area, and demand for large family villas in the Dubailand corridor has been driven by end-users rather than short-hold investors, which tends to make values steadier. A buyer should also confirm whether the developer permits assignment before handover, because that determines whether the position can be sold on without completing.

CONCLUSION

This suits a buyer with a two-year horizon and the balance sheet to meet a AED 3.3m handover payment in July 2028. The specification is generous, the price per square foot is low for the developer, and the reduction against original price is AED 1,840,400, or 21.4%. The caution is the size and timing of the forward commitment, and the corridor's exposure to continuing villa supply. Confirm the construction status, the milestone triggers and whether the developer will accept an assignment with us before you act. We can also obtain the villa floor plans and the community masterplan showing this plot.

Location

SOBHA ELWOOD — Dubailand, Dubai

Get Directions

Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 4-BR IN SOBHA ELWOOD 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.

Nothing to calculate yet

Enter the asking price to run the model.

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

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.

Got questions?

Get Answers!

Read next

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 costs.

The gold rule under an entry is its length, against the longest piece here.

Guides

Articles

Need help?