Furnished 1-Bedroom Society House Downtown Apartment 21.5% Below OP + DLD

Property Overview

This fully furnished 1-bedroom off-plan apartment at Society House by IGO in Downtown Dubai is offered at AED 2,000,000 for 997 sq ft, about AED 2,006 per sq ft. The asking price is AED 548,643, or 21.5%, below the agent-stated original price including DLD of AED 2,548,643. The unit sits between floors 6 and 10 with Downtown views and a post-handover payment plan.

Property Highlights

• Property type: apartment
• Bedrooms: 1
• Size: 997 sq ft (agent-stated)
• Asking price: AED 2,000,000
• Original price including DLD: AED 2,548,643 (agent-stated)
• Saving: AED 548,643 (21.5%)
• Price per sq ft: about AED 2,006
• Floor: between 6 and 10 (agent-stated range)
• View: Downtown Dubai (agent-stated)
• Furnishing: fully furnished (agent-stated)
• Payment plan: post-handover (agent-stated)
• Handover: Q3 2026 (agent-stated)
• Developer: IGO (Invest Group Overseas)

Why the Price Qualifies as Below OP

The agent states the original price plus DLD was AED 2,548,643 and the asking price is AED 2,000,000. The difference is AED 548,643, or 21.5% of that figure, matching the agent's stated discount.

Because the benchmark includes DLD, the discount on the base price alone is smaller. Assuming a standard 4% DLD fee, the implied base price is about AED 2,450,618, and the asking price is still about AED 450,618 (18.4%) below it. The unit is therefore below the seller's original price even after removing fees.

With a post-handover payment plan, part of the original price may still be owed to the developer. Buyers should confirm the amount already paid, the outstanding balance and how it is settled at transfer, using the SPA and IGO statement of account. The comparison is against the seller's own cost, not a dated DLD transaction or valuation.

About the Project, Developer and Community

Society House is a 55-storey residential tower by Invest Group Overseas (IGO) in Downtown Dubai, near Burj Khalifa, The Dubai Mall and Dubai Opera. It contains around 404 studio, 1-, 2- and 3-bedroom apartments offered semi- or fully furnished, with interiors by Wanders Wagner Hussain.

Project materials list a 25-metre pool, private cinema, gym, outdoor fitness areas, golf simulator, padel court, kids' play area and poolside cabanas.

Layout, Floor and View

The agent states a 997 sq ft 1-bedroom layout on a floor between 6 and 10, with Downtown views, sold fully furnished. The exact floor, view direction, bathrooms and parking were not supplied. Request the floor plan and furniture inventory before an offer.

Payment Plan and Handover

The agent states handover in Q3 2026 and a post-handover payment plan. Some project references list completion in Q4 2026, so confirm the current handover date with IGO. The post-handover instalment amounts and dates were not supplied; confirm them, and any IGO transfer conditions, in the SPA.

Location and Connectivity

Downtown Dubai is the city's central district around Burj Khalifa and The Dubai Mall, with access to Sheikh Zayed Road, Financial Centre Road and nearby Dubai Metro stations. DPF has not verified specific walking or driving times for this tower.

Verification Notes

• Agent-supplied: project, bedrooms, size, floor range, view, furnishing, post-handover plan, handover, OP including DLD, asking price and discount.
• Calculated by DPF: AED 548,643 saving (21.5%), about AED 2,006 per sq ft, and an implied 18.4% discount on the base price assuming 4% DLD.
• Researched: developer, tower height, unit mix, designer and amenities from project references.
• Not supplied: exact floor, bathrooms, parking, amount paid and post-handover schedule.