Off-Plan 1-Bedroom in The Mural by Omniyat, Business Bay – At Original Price, AED 1.1M Now

Property Overview

This off-plan 1-bedroom apartment in The Mural by Omniyat, Business Bay, Dubai, is offered at AED 2,650,000 for 800 sq ft of built-up area, the same as the seller's original purchase price. According to the agent, the buyer pays AED 1,100,000 now and the remaining balance follows a 50/50 plan, with handover in Q3 2028. The unit is on a low floor.

Property Highlights

• Property type: 1-bedroom apartment
• Built-up area: 800 sq ft
• Asking price: AED 2,650,000
• Original purchase price (agent-stated): AED 2,650,000
• Premium over original price: none
• Payable now: AED 1,100,000 (agent-stated)
• Remaining balance: about AED 1,550,000 on a 50/50 plan (agent-stated)
• Asking rate: approximately AED 3,313 per sq ft
• Floor: low floor (agent-stated)
• Handover: Q3 2028 (agent-stated)
• Developer: Omniyat

Why This Is Classed as Off-Plan Distress

The seller is offering this off-plan apartment at exactly its original purchase price of AED 2,650,000, without adding a resale premium. Because The Mural is still under development and the seller is exiting before completion at cost, DPF classifies it as an Off-Plan Distress resale. Dividing the price by 800 sq ft gives an asking rate of about AED 3,313 per sq ft.

This is not a below-original-price sale; the asking price equals the original price. The buyer would also pay a new DLD transfer fee of about AED 106,000 at 4% of the price, plus agency and trustee fees. The benchmark is the seller's original price as supplied in the agent brief received on 15 October 2026, not a DLD transaction record or independent valuation.

How the Payment Works

The agent states AED 1,100,000 is payable now, about 41.5% of the price, which typically reflects what the seller has already paid to the developer. That leaves about AED 1,550,000 to be paid under what the agent describes as a 50/50 plan. The exact split between construction and handover instalments was not supplied. Buyers should confirm the paid amount and the remaining instalment schedule with the developer's statement of account.

About the Project, Developer and Community

The Mural is a residential project in Business Bay marketed under Omniyat's Beyond brand. Published project information describes 1- to 3-bedroom apartments, duplexes, townhouses and larger signature residences, with spacious terraces, a large swimming pool, a gym and a clubhouse, and a 50/50 payment plan. Final specifications and amenities should be confirmed against Omniyat's sales documents.

Business Bay is a central mixed-use district along the Dubai Water Canal, next to Downtown Dubai.

Layout, Floor and View

The agent confirms an 800 sq ft 1-bedroom on a low floor. The exact floor, view, bathroom count and parking were not supplied, and DPF has not assumed them. Request the floor plan and Oqood to confirm the unit details.

Handover and Transfer

The agent states handover is expected in Q3 2028. Buyers should obtain the SPA, Oqood and statement of account, confirm the payment schedule and current completion date, and check Omniyat's NOC and resale conditions before paying a deposit.

Location and Connectivity

Business Bay has road access to Sheikh Zayed Road, Al Khail Road and Al Saada Street, and is served by the Business Bay metro station. DPF has not stated travel times because they were not verified for this listing.

Verification Notes

• Agent-supplied facts: project, developer, community, property type, bedrooms, size, original price, asking price, AED 1.1M payable now, 50/50 balance plan, low floor and Q3 2028 handover.
• DPF-calculated figures: remaining balance, share payable now, price per sq ft and new DLD fee.
• External research: general project facts from published project information, not unit-specific records.
• Not supplied: unit number, exact floor, view, bathrooms, parking and instalment dates.