Distress Deal
This unit has sold and is no longer available. 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 24 March 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.
On this page
The numbers
| UNIT PRICE | AED 995,000 |
| 1. Payment to seller | AED 677,650 |
| 2. DLD Transfer fee 4% + 40 AED | AED 39,840 |
| 3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
| 4. Buyer's agent commission 2% + 5% VAT | AED 20,895 |
| 03-MAY-2026 | AED 43,275 |
| 01-AUG-2026 | AED 43,275 |
| 30-OCT-2026 | AED 40,390 |
| 28-JAN-2027 | AED 40,390 |
| 28-APR-2027 | AED 34,620 |
| On Handover | AED 115,400 |
| Total on Transfer | AED 743,635 |
| Total remaining Payment Plan | AED 317,350 |
| TOTAL COST FOR BUYER | AED 1,060,985 |
Photography
Distress Deal
This studio apartment in Safa Two, developed by Damac in partnership with De Grisogono, is offered as a distress deal at AED 995,000. The original price for this unit was AED 1,200,000, representing a 17.1% discount or AED 205,000 below the initial reference. With a size of 477 sq.ft, the entry price equates to approximately AED 2,086 per sq.ft. The apartment is fully furnished, features a balcony, and is positioned on a mid-high floor (levels 20–25) with canal views. Handover is scheduled for Q2 2027, and the payment plan allows for staged payments through to completion. The immediate investment thesis is a below-market entry into a branded, design-led project in a central Dubai corridor, with the potential for both capital appreciation and rental yield once the building is operational.
Safa Two occupies a prominent site in Business Bay, directly on Sheikh Zayed Road. This location is significant for both visibility and connectivity. Residents benefit from direct access to Dubai’s main arterial road, which links the area efficiently to Downtown Dubai, DIFC, Dubai Marina, and the wider city. Public transport options include nearby metro stations and extensive bus routes, while taxis and ride-hailing services are readily available. The Business Bay address appeals to a broad tenant base, including professionals working in the city’s commercial hubs and those seeking proximity to leisure and retail destinations. For investors, this central position supports both rental demand and resale liquidity, as Business Bay continues to attract both local and international buyers looking for convenience and urban lifestyle.
Safa Two is designed as an 87-storey residential tower with a strong emphasis on branded living and high-impact amenities. The project is developed in collaboration with De Grisogono, a Swiss luxury jewellery and watch brand, which influences both the design language and the amenity offering. Notable features include a signature “sapphire” infinity pool suspended between the two halves of the building at the 64th floor, an artificial beach pool on the 11th floor, and a “Fog Forest” observatory and Edge Walk attraction on the 85th floor. Residents will have access to landscaped gardens, multiple swimming pools, fitness facilities, and F&B outlets. The building’s transformative living spaces, with movable walls, offer flexibility in layout, while the surrounding Business Bay district provides established retail, dining, and leisure infrastructure. The area is also known for its proximity to Dubai Canal, parks, and waterfront promenades, supporting both lifestyle and rental appeal.
At AED 2,086 per sq.ft, this studio is priced below the original launch reference and sits competitively within the branded residence segment of Business Bay. Branded projects, especially those with international partners like De Grisogono, often command a premium over standard residential stock, due to perceived quality, amenity depth, and brand association. The studio format is typically attractive to both investors seeking rental yield and end-users prioritising location and amenities over size. With handover scheduled for 2027, the main risk is construction and delivery timing, but Damac’s track record and the project’s advanced construction status provide some mitigation. Rental demand in Business Bay remains robust, particularly for furnished, well-located studios, and the branded aspect may support higher achievable rents. Liquidity is supported by the central location and the ongoing appeal of branded, amenity-rich towers to both local and international buyers. However, investors should account for service charges, potential competition from new launches, and the broader market cycle at handover.
This Safa Two studio offers an investor a discounted entry into a branded, design-led project in one of Dubai’s most active corridors. The 17.1% discount to original price, staged payment plan, and fully furnished handover position the deal as a practical option for those seeking exposure to the Business Bay market with a manageable capital outlay. The main considerations are the off-plan delivery timeline and the need to underwrite service charges and future competition. For buyers comfortable with the construction phase and seeking a branded product with strong amenity backing, this unit provides a balanced case for both rental and resale strategies. The deal is best suited to investors prioritising location, brand association, and payment flexibility, with a clear understanding of the risks and rewards attached to off-plan, high-amenity Dubai residential assets.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: STUDIO IN SAFA TWO behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
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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 Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.
SAFA TWO — Business Bay, Dubai
