Palm Jumeirah AED 3,559/sqftDubai Maritime City AED 3,148/sqftDowntown Dubai AED 2,922/sqftDubai Islands AED 2,769/sqftDubai Creek Harbour AED 2,564/sqftBusiness Bay AED 2,513/sqftDubai Marina AED 2,484/sqftDubai Hills Estate AED 2,447/sqftJumeirah Lakes Towers AED 2,304/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,662/sqftDubai South AED 1,651/sqftArjan AED 1,590/sqftJumeirah Village Circle AED 1,492/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,559/sqftDubai Maritime City AED 3,148/sqftDowntown Dubai AED 2,922/sqftDubai Islands AED 2,769/sqftDubai Creek Harbour AED 2,564/sqftBusiness Bay AED 2,513/sqftDubai Marina AED 2,484/sqftDubai Hills Estate AED 2,447/sqftJumeirah Lakes Towers AED 2,304/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,662/sqftDubai South AED 1,651/sqftArjan AED 1,590/sqftJumeirah Village Circle AED 1,492/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 5-BR IN LUA RESIDENCE — distress deal in MBR District 11 from Mitchell's Commercial Real EstateLUA RESIDENCE · MBR District 111 / 2

Swank · MBR District 11

DISTRESS DEAL: 5-BR IN LUA RESIDENCE

Asking price as listedAED 8,900,000AED 1,553 per sq.ft
Original price + DLDAED 9,744,800
DiscountAED 844,8008.7% below original price
Unit
5-BR
Size
5,732 sq.ft
Developer
Swank
Handover
Q1 2027

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

Sold
Listed 14 September 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 14 September 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

Total cost for buyer, as listedAED 9,466,990The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 8,900,000
Fees and commissionAED 566,990
Step 01Due at transferAED 3,844,990Payable when the unit transfers to the buyer.
  • Payment to sellerAED 3,278,000
  • DLD Transfer fee (4% of OP + 40 AED)AED 374,840
  • Trustee Office FeeAED 5,250
  • Buyer's Agency Commission (2% + VAT)AED 186,900
  • Total on transferAED 3,844,990
Step 02Payable to Swank after transferAED 5,622,000The balance of the payment plan, which the buyer takes over.
  • On HandoverAED 5,622,000
  • Total remaining payment planAED 5,622,000

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Floor plan

Floor plan for DISTRESS DEAL: 5-BR IN LUA RESIDENCEFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 5-BR IN LUA RESIDENCE

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This is a five-bedroom villa in Lua Residence, the Swank development in Mohammed Bin Rashid City District 11. The plot measures 4,850 sq.ft with a built-up area of 5,732 sq.ft over ground plus two floors, and the villa carries a balcony, private parking and a private pool. The asking price is AED 8,900,000 against an original price plus DLD of AED 9,744,800, a reduction of AED 844,800 or 8.7% below original price. On the built-up area of 5,732 sq.ft that is AED 1,553 per square foot. The buyer settles AED 3,844,990 at transfer, of which AED 3,278,000 goes to the seller, and takes on a single remaining instalment of AED 5,622,000 due on handover, bringing the total cost to AED 9,466,990. Handover is scheduled for Q1 2027.

LOCATION & TRANSPORT

Mohammed Bin Rashid City District 11 sits inland between Al Khail Road and Ras Al Khor Road, in the band of villa communities that has grown up south of Meydan. The position puts Downtown Dubai and the Burj Khalifa around fifteen minutes away by car, with Dubai International Airport a similar distance to the north-east. Meydan Racecourse, the Meydan One development and the Ras Al Khor Wildlife Sanctuary are all close neighbours. Al Khail Road provides the main artery north towards Business Bay and south towards Dubai Hills and Al Quoz. The district is designed around private vehicle access, with no metro station nearby, which is standard for villa communities in this part of the city.

AMENITIES & SURROUNDING

Lua Residence is a contemporary villa development, and the unit's own amenity set is the substance of the offer: a private pool, covered parking, a balcony and a ground-plus-two layout that gives genuine separation between living and sleeping floors on a 5,732 sq.ft built-up area. District 11 as a whole is planned around landscaped streets, community parks and a crystal lagoon, in keeping with the wider Mohammed Bin Rashid City masterplan. Schools, clinics and supermarkets serving the district are established in the neighbouring Meydan and Nad Al Sheba communities. The Meydan Hotel, its golf course and the racecourse grandstand sit a short drive north, and the retail and dining of Downtown Dubai are well within reach for residents. Al Khail Avenue Mall and the Nad Al Sheba retail strip cover day-to-day shopping, and Dubai Hills Mall is a short drive west along Al Khail Road.

MARKET

Five-bedroom villas with a private pool in the Mohammed Bin Rashid City band compete against Dubai Hills, Nad Al Sheba and Meydan stock, and the entry point here of AED 1,553 per square foot on built-up area is modest for a villa of this specification. The 8.7% gap to original price reflects a seller wanting out before the final payment falls due rather than distress in the underlying project. The structure is the thing to weigh: the buyer pays AED 3.84m at transfer and then a single AED 5.62m balloon on handover in Q1 2027, so the purchase needs the balance either in cash or in committed finance well before completion. Demand for large family villas in this corridor has been supported by end-users rather than short-hold investors. District 11 is one of the later phases of Mohammed Bin Rashid City to come forward, so a buyer is taking a position while the surrounding plots are still being built out. That has historically meant construction traffic and noise for the first residents, and it is worth inspecting the immediate neighbours before committing.

CONCLUSION

This suits a family buyer or a long-hold investor who wants a large, pool-equipped villa in the Mohammed Bin Rashid City corridor at a discount to the original price and has the balance sheet for a single large completion payment. The specification is generous for the price per square foot, and the Q1 2027 handover means the wait is short. The caution is the payment shape: nearly two-thirds of the total cost lands on handover, and a buyer without committed finance is exposed if the date moves. All figures are taken from the seller's published listing and should be verified with us. We can obtain the villa's floor plans, the developer's construction status and an introduction to the seller's agent. We can also confirm whether the developer will accept an assignment before handover.

Location

LUA RESIDENCE — MBR District 11, Dubai

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 5-BR IN LUA RESIDENCE 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.

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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.

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