This is a distress deal for a four-bedroom apartment with a private pool in Samana Ocean Pearl, positioned on Dubai Islands. The asking price is AED 2,950,000, which represents a 28.4% discount to the original price of AED 4,120,000. The unit covers 1,975 sq.ft, placing the entry basis at AED 1,494 per sq.ft. For context, recent Dubai Land Department transactions in Ocean Pearl for similar four-bedroom layouts have been recorded at AED 1,494 per sq.ft, suggesting the current offer is in line with the most recent market clearing prices, but with the additional value of a private pool and a partial sea and Burj view. The apartment is semi-furnished and features a pool on the balcony, with handover scheduled for Q4 2026. The immediate investment thesis is a significant discount to the original price, a near-market entry point for a four-bedroom layout with lifestyle features, and a payment plan that defers a small balance post-transfer. This is not a speculative off-plan punt; it is a direct entry into a maturing waterfront district with a clear price advantage over initial launch and reference prices.
SAMANA OCEAN PEARL · Dubai IslandsSamana · Dubai Islands
DISTRESS DEAL: 4-BR WITH POOL IN SAMANA OCEAN PEARL
- Unit
- 4-BR WITH POOL
- Size
- 1,975 sq.ft
- Developer
- Samana
- Handover
- Q4 2026
The discount is measured against the original price + DLD recorded for this unit, not against a valuation.
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
- Payment to sellerAED 2,910,376
- DLD Transfer fee 4% + 40 AEDAED 118,040
- DLD Registration Trustee fee + 5% VATAED 5,250
- Buyer's agent commission 2% + 5% VATAED 61,950
- Total on transferAED 3,095,616
- 01/07/2027AED 39,624
- Total remaining payment planAED 39,624
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Floor plan
Distress Deal
PROJECT DESCRIPTION
OVERVIEW
LOCATION & TRANSPORT
Samana Ocean Pearl is located on Dubai Islands, a major new waterfront district in Deira. The Dubai Islands masterplan aims to create a series of interconnected islands with a mix of residential, hospitality, and leisure offerings. Access to Dubai Islands is via the main causeway from the Deira mainland, providing direct road connectivity to the city centre, Dubai International Airport, and the wider Dubai road network. Public transport options are still developing, but the area is already served by taxis and ride-hailing services, with future plans for enhanced public transport links as the district matures. For investors, the location offers proximity to Old Dubai, the airport, and the emerging leisure infrastructure of Dubai Islands, positioning the asset for both end-user and rental demand as the area completes its development cycle.
AMENITIES & SURROUNDING
Ocean Pearl is an eight-storey residential building developed by Samana, with a focus on contemporary waterfront living. The project features a range of amenities including private pools for select units, a fully equipped gym, outdoor fitness facilities, children’s play areas, cabanas, sun loungers, and landscaped communal spaces. Interiors are specified with European solid core doors, German-brand fixtures, and Spanish porcelain tile finishes. Floor-to-ceiling windows maximise natural light and views, while the nautical-themed architecture creates a distinct identity within Dubai Islands. The surrounding district is planned to offer retail, dining, and leisure options, with the broader Dubai Islands masterplan set to deliver beaches, parks, and hospitality venues. As the area develops, residents will benefit from increasing infrastructure maturity and lifestyle convenience.
MARKET
At AED 1,494 per sq.ft, this deal is aligned with the most recent Dubai Land Department transactions for four-bedroom units in Ocean Pearl, which have cleared at AED 1,494 per sq.ft. The key differentiator here is the private pool and partial sea and Burj view, which may support a rental or resale premium as the project completes. The Dubai Islands market is still in its early stages, with liquidity and end-user depth expected to grow as more projects are delivered and the masterplan matures. The buyer profile is likely to include both investors seeking rental yield and end-users attracted by the waterfront lifestyle and proximity to central Dubai. The main risk points are the timeline to full area maturity, potential competition from future launches, and the need to underwrite service charges and ongoing costs. However, the 28.4% discount to original price provides a margin of safety relative to initial buyers and positions the asset competitively for future appreciation or income.
CONCLUSION
This distress deal in Samana Ocean Pearl offers a direct entry into Dubai Islands at a price that reflects both current market realities and a meaningful discount to original pricing. The four-bedroom layout with a private pool and partial sea and Burj view is the unit's distinguishing feature, and the payment plan structure allows for manageable capital outlay. The main considerations for investors are the pace of area development and the operational costs associated with new waterfront projects. Provided these are factored into underwriting, the case is clear: this is a practical, near-market acquisition with upside potential as Dubai Islands matures. The deal suits buyers seeking a balance of lifestyle appeal, rental or resale flexibility, and a price advantage over both launch and current market comparables.
Location
SAMANA OCEAN PEARL — Dubai Islands
Illustrative model
Scenario modeller
Set your own assumptions and see how DISTRESS DEAL: 4-BR WITH POOL IN SAMANA OCEAN PEARL behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
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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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