1-Bedroom Apartment at Safa Two de Grisogono, Business Bay – Off-Plan Distress Resale

Property Overview

This off-plan 1-bedroom apartment at Safa Two de Grisogono by DAMAC, Business Bay, is offered for resale at AED 1,450,000 for 745 sq ft. The agent describes it as 15% below the original purchase price and reports a recent reduction from AED 1,490,000. Handover is expected in Q4 2027, according to the agent.

Property Highlights

• Property type: Apartment, 1 bedroom
• Size: 745 sq ft (agent-stated)
• Asking price: AED 1,450,000
• Price per sq ft: approximately AED 1,946
• Agent-stated discount: 15% below original price
• Price history: reduced from AED 1,490,000 (22 September) to AED 1,450,000 (24 September)
• Status: Off-plan resale, handover expected Q4 2027 (agent-stated)
• Developer: DAMAC Properties

Why the Price Qualifies as an Off-Plan Distress Deal

The unit is an off-plan resale being marketed by the seller's agent as a distress opportunity. The agent states the asking price is 15% below the original purchase price, and the seller has already cut the price by AED 40,000 within two days in September, which signals a motivated sale.

The original purchase price figure was not included in the brief, so DPF cannot independently calculate the discount. If the 15% figure is accurate, it would imply an original price of roughly AED 1,705,882, but this is an estimate only. Buyers should confirm the original price from the seller's SPA before relying on the discount.

About the Project, Developer and Community

Safa Two de Grisogono is a branded residential project by DAMAC Properties in collaboration with the Swiss jewellery house de Grisogono. DAMAC places the project on Sheikh Zayed Road near Safa Park and offers studios and one- to three-bedroom apartments.

DAMAC's published amenities include an infinity pool, cafes and restaurants, a glass slide, an edge walk and what the developer describes as Dubai's first fog forest. The project is listed under Business Bay on major portals, close to the Sheikh Zayed Road corridor.

Payment Plan and Handover

The agent states handover is expected in Q4 2027. The seller's payment status, amount already paid and outstanding balance were not supplied and must be confirmed from the SPA and DAMAC's statement of account before any deposit is made.

Location and Connectivity

The project sits along Sheikh Zayed Road, giving road access towards Downtown Dubai, DIFC and Business Bay. Safa Park lies nearby. No specific drive times are given here because none were published for named destinations by the developer.

Verification Notes

• Agent-supplied facts: project, bedrooms, size, asking price, 15% below OP claim, price reduction history and handover expectation.
• Calculated by DPF: price per sq ft. The implied original price is an estimate from the agent's percentage, not a confirmed figure.
• External research: developer, amenities and location from DAMAC's official project page.
• Not supplied: original purchase price, unit number, floor, view, bathrooms, parking, amount paid and transfer costs.