Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 4-BR WITH POOL IN SAMANA OCEAN PEARL — distress deal in Dubai Islands from Mitchell's Commercial Real EstateSAMANA OCEAN PEARL · Dubai Islands

Samana · Dubai Islands

DISTRESS DEAL: 4-BR WITH POOL IN SAMANA OCEAN PEARL

Asking price as listedAED 2,950,000AED 1,494 per sq.ft
Original price + DLDAED 4,120,000
DiscountAED 1,170,00028.4% below original price
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.

Sold
Listed 13 March 2026Status confirmed 17 September 2026

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.

Looking for another distressed property deal?

This unit has sold. Tell us the size, area and budget you're working to and a member of the Mitchell's team will come back with the stock that currently matches. 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 3,135,240The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 2,950,000
Fees and commissionAED 185,240
Step 01Due at transferAED 3,095,616Payable when the unit transfers to the buyer.
  • 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
Step 02Payable to Samana after transferAED 39,624The balance of the payment plan, which the buyer takes over.
  • 01/07/2027AED 39,624
  • Total remaining payment planAED 39,624

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 WITH POOL IN SAMANA OCEAN PEARLFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 4-BR WITH POOL IN SAMANA OCEAN PEARL

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

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.

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

Get Directions

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.

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?