AED 1,300,000 was AED 1,900,000
| Deal type | Below OP |
| Price | AED 1,300,000 |
| Original price | AED 1,900,000 |
| Saving | AED 600,000 (31.6%) |
| Bedrooms | 1 |
| Size | 810 sq.ft |
| Type | Apartment |
| Status | Ready |
| Area / Master development | Al Jaddaf |
| Community | Al Jaddaf |
A 1-bedroom apartment in Al Jaddaf at AED 1,300,000, 31.6% below the original purchase price of AED 1,900,000. Savings of AED 600,000. BUA 810 sqft at AED 1,605 per sqft. Brand new (never occupied), ready and fully furnished. Cash buyers only. Near Al Jaddaf Metro Station (Green Line). Building name withheld by agent.
The agent has not provided the building name, which limits independent verification. Without the building name, the following cannot be confirmed: the original purchase price, the developer, the building quality and specifications, service charges, DLD transaction history for the specific building and whether comparable units are available at lower prices. Buyers must request the building name and title deed before making any commitment.
The agent states the OP is AED 1,900,000. At 810 sqft, this equates to AED 2,346 per sqft at purchase. Including the 4% DLD transfer fee of AED 76,000, the seller's total investment was approximately AED 1,976,000. At a selling price of AED 1,300,000, the seller's total estimated loss is AED 676,000 (34.2% of total investment).
The stated OP of AED 2,346 per sqft is on the higher end for Al Jaddaf. DLD 1BR transaction data across Al Jaddaf buildings shows a range of AED 1,311 to AED 2,037 per sqft. The Bayut area average is AED 2,051 per sqft but this is pulled up by newer branded stock (Binghatti Ghost, Binghatti Wraith, Art Bay). If this unit is in one of those premium buildings, AED 2,346 per sqft is plausible. If it is in older stock, the OP may appear inflated. Title deed verification is essential.
At AED 1,605 per sqft, the asking price sits in the lower to mid range for Al Jaddaf ready apartments. Smaller units (600 to 700 sqft) transact at AED 1,311 to AED 2,037 per sqft. Larger units like O-Ten (914 sqft) list around AED 1,751 per sqft.
Several indicators confirm genuine seller distress:
The unit is described as fully furnished. In a brand new, never occupied unit, furnishing was likely added by the seller post-handover. The furnishing package should be inventoried and valued separately. If high-quality furnishing worth AED 50,000 to AED 80,000 is included, the effective unit price drops to AED 1,220,000 to AED 1,250,000 (AED 1,506 to AED 1,543 per sqft).
An emerging waterfront district on the east bank of Dubai Creek, bordering Culture Village and Bur Dubai. Al Jaddaf features a mix of established and new-build residential towers, with growing demand driven by metro connectivity and proximity to Downtown Dubai and Business Bay. Key landmarks: Al Jaddaf Metro Station (Green Line), Dubai Festival City across the Creek, Jameel Arts Centre, Mohammed Bin Rashid Library. Freehold ownership available. Approximately 10 minutes to Downtown Dubai, 15 minutes to DXB Airport. Several Binghatti projects (Creek, Avenue, Ivory, Wraith, Ghost, Starfall) are reshaping the area alongside Azizi and other developers.
The selling price (AED 1,300,000), BUA (810 sqft), OP (AED 1,900,000), savings (AED 600,000), brand new, ready, fully furnished, cash only and near metro are from the agent brief. The building name is not provided. The OP of AED 2,346 per sqft is above most Al Jaddaf 1BR DLD transactions (AED 1,311 to AED 2,037 per sqft) and must be verified from the title deed. The 31.6% discount is large and appears genuine given the cash-only requirement. Buyers should request full documentation before proceeding.
The agent has withheld the building name, which is common in distress sales to protect seller privacy or maintain listing exclusivity. The building is described as new and in Al Jaddaf. Without the building name, buyers cannot independently verify the OP, unit specifications or service charges. Buyers should request the building name, title deed copy and SPA before making any offer.
At AED 2,346 per sqft, the stated OP is above the Al Jaddaf 1BR DLD transaction range. Recent DLD 1BR transactions: Binghatti Creek at AED 1,311-1,530 per sqft (658-765 sqft), Montage at AED 1,553-2,037 per sqft (624-693 sqft), O-Ten at approximately AED 1,751 per sqft (914 sqft). Bayut area average is AED 2,051 per sqft but includes newer branded stock. A higher-spec or premium building could justify AED 2,346 per sqft, but this must be verified from the title deed. Some newer launches in Al Jaddaf (Binghatti branded projects) have priced above AED 2,000 per sqft.
The seller requires payment in cash, meaning no mortgage financing. This is a strong distress indicator as the seller cannot wait for mortgage processing, which typically takes 2 to 4 weeks. Cash-only deals often come with the deepest discounts because they exclude the majority of buyers. The 31.6% discount reflects this urgency. Buyers must have funds readily available.
Al Jaddaf 1BR DLD transactions range from AED 1,311 to AED 2,037 per sqft depending on the building and unit size. Bayut area average is AED 2,051 per sqft. At AED 1,605 per sqft, this listing sits in the lower to mid range of DLD transactions and 22% below the area average. If the building is a premium newer development, the discount versus comparable units in the same building could be substantial. If the building is older stock, the discount versus OP may be partly explained by market-wide price corrections.
Request the building name and unit number. Obtain a copy of the title deed to verify the OP of AED 1,900,000. Confirm the BUA of 810 sqft from the title deed or SPA. Check service charges for the specific building. Verify the furnishing inventory and condition. Confirm there are no outstanding developer payments, service charge arrears or mortgage registered against the property. Conduct a DLD encumbrance check. View the unit in person.
Buyer costs
Dubai transfer costs for an ready unit. Every figure editable — NOC is set by the developer and varies.
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| NOC fee | — |
| Trustee / registration | — |
| Agency fee | — |
| VAT on agency (5%) | — |
Total cost
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Full payment schedule and unit details are released to qualified buyers on enquiry.
Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.
Finance
Indicative monthly repayment on a UAE bank mortgage.
| Down payment | — |
| Loan amount | — |
| Total interest | — |
| Total repaid | — |
Monthly payment
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Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.
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