This is a 6-bedroom villa opportunity in Maldives 2, part of the DAMAC Islands master development, offered at a significant 18.4% discount to the original price. The current asking price is AED 5,350,000, compared to the reference price of AED 6,552,000, representing a saving of over AED 1.2 million. With a built-up area of 4,843 sq.ft and a plot size of 4,439 sq.ft, the property is well-proportioned for family living or as a high-end rental investment. The price per square foot stands at AED 1,105, which is notably competitive for a waterfront villa in a new Dubai master community. The villa is scheduled for handover in Q4 2028, providing a multi-year window for capital appreciation and flexible payment arrangements. The immediate investment case centres on acquiring a substantial villa asset at a below-market entry point, with the potential for value uplift as the DAMAC Islands area matures and the Maldives 2 sub-community nears completion.
MALDIVES 2 · DAMAC IslandsDAMAC · DAMAC Islands
DISTRESS DEAL: 6-BR IN MALDIVES 2
- Unit
- 6-BR
- Size
- 4843 sq.ft
- Developer
- DAMAC
- Handover
- Q4 2028
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 1 August 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 1,814,720
- DLD Transfer fee 4% + 40 AEDAED 214,040
- DLD Registration Trustee fee + 5%VATAED 5,250
- Buyer's agent comission 2% + 5%VATAED 112,350
- Total on transferAED 2,146,360
24 scheduled payments · AED 3,535,280
- 09-AUG-2026AED 63,130
- 09-SEP-2026AED 315,650
- 09-OCT-2026AED 63,130
- 09-NOV-2026AED 63,130
- 09-DEC-2026AED 63,130
- 09-JAN-2027AED 63,130
- 09-FEB-2027AED 63,130
- 09-MAR-2027AED 315,650
- 09-APR-2027AED 63,130
- 09-MAY-2027AED 63,130
- 09-JUN-2027AED 63,130
- 09-JUL-2027AED 63,130
- 09-AUG-2027AED 63,130
- 09-SEP-2027AED 63,130
- 09-OCT-2027AED 63,130
- 09-NOV-2027AED 63,130
- 09-DEC-2027AED 63,130
- 09-JAN-2028AED 63,130
- 09-FEB-2028AED 63,130
- 09-MAR-2028AED 63,130
- 09-APR-2028AED 63,130
- 09-MAY-2028AED 63,130
- 09-JUN-2028AED 63,130
- On HandoverAED 1,578,250
- Total remaining payment planAED 3,535,280
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Floor plan
Distress Deal
PROJECT DESCRIPTION
OVERVIEW
LOCATION & TRANSPORT
Maldives 2 is situated within DAMAC Islands, a planned residential enclave in the Al Yelayiss 1 area of Dubai. The location benefits from proximity to the city’s main arterial routes, offering straightforward access to Sheikh Zayed Road and the wider Dubai road network. While the community is still under development, future residents and tenants can expect a short drive to established commercial and leisure hubs such as Dubai Marina, Jumeirah Lakes Towers, and Jebel Ali. Public transport infrastructure is evolving in this part of Dubai, with future connectivity expected to improve as the area develops. For investors, the location offers a blend of seclusion and accessibility, appealing to families and professionals seeking a quieter residential setting without sacrificing urban convenience.
AMENITIES & SURROUNDING
Residents of Maldives 2 will have access to a comprehensive suite of amenities, both within the immediate project and across the wider DAMAC Islands community. Planned facilities include an aqua park, lagoon and infinity pools, a lazy river, and outdoor fitness areas. There are also provisions for calisthenics equipment, paddle boarding, a miniature golf course, and relaxation zones. The community is designed to promote an active, outdoor lifestyle, with landscaped walkways and market stalls contributing to a vibrant neighbourhood atmosphere. The surrounding infrastructure is expected to include retail outlets, cafes, and essential services, supporting both daily living and leisure. As the master plan progresses, the area is set to become a self-contained destination, enhancing the appeal for both end-users and tenants.
MARKET
From an investment perspective, this villa is positioned attractively against current market benchmarks. Recent land transactions in the Maldives at DAMAC Islands sub-community have ranged from AED 1,355 to AED 1,842 per sq.ft, with built-up properties typically commanding a premium. The offered price per square foot for this villa is below the upper end of recent land sales, suggesting room for capital appreciation as the project nears completion. The area is targeting a buyer profile of families and high-income professionals, with strong potential for rental demand once the community is operational. Liquidity in new master-planned communities can be variable in the early stages, but the significant discount to original price provides a buffer against short-term market fluctuations. Key risks include construction timelines and the pace of infrastructure delivery, both of which are common considerations in off-plan Dubai investments. However, the phased payment plan and the reputation of DAMAC as a developer offer some mitigation.
CONCLUSION
This 6-bedroom villa in Maldives 2 presents a clear value proposition for investors seeking exposure to Dubai’s evolving waterfront communities. The 18.4% discount to the original price, coupled with a competitive price per square foot, creates an attractive entry point for both capital growth and future rental income. While the area is still under development and timelines should be monitored, the combination of planned amenities, improving infrastructure, and the scale of the DAMAC Islands master plan point to long-term upside. For buyers comfortable with a medium-term horizon and the dynamics of off-plan acquisition, this deal offers a balanced risk-reward profile in one of Dubai’s most ambitious new residential destinations.
Location
MALDIVES 2 — DAMAC Islands, Dubai
Illustrative model
Scenario modeller
Set your own assumptions and see how DISTRESS DEAL: 6-BR IN MALDIVES 2 behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
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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