Mid Floor 1 Bedroom in Eleve by Deyaar, Downtown Jebel Ali at 8.1% Below OP with Pool View

Property Overview

This 1-bedroom apartment in Eleve by Deyaar Properties, Downtown Jebel Ali, is available as a distress resale at AED 1,000,000. The unit has a built-up area of 800 sq ft on a mid floor with pool views. The asking price represents a saving of AED 88,616 (8.1%) against the agent-stated original purchase price of AED 1,088,616. The buyer benefits from a post-handover payment plan. Handover is expected in Q2 2027.

Property Highlights

• Type: 1-bedroom apartment
• Built-up area: 800 sq ft
• Floor: mid
• View: pool
• Asking price: AED 1,000,000
• Original price: AED 1,088,616
• Saving from OP: AED 88,616 (8.1%)
• Seller's total loss including DLD: approximately AED 132,161 (11.7%)
• Rate: AED 1,250 per sq ft (BUA)
• Payment: post-handover plan available
• Handover: Q2 2027
• Status: off-plan resale (16% complete)
• Ownership: freehold

Why the Price Qualifies as Below OP

The agent states the original purchase price for this unit was AED 1,088,616. The current asking price of AED 1,000,000 is AED 88,616 lower, a reduction of 8.1% from the original contract value.

The OP of AED 1,088,616 is precise enough to indicate a contract figure, adding credibility. It should still be confirmed against the seller's SPA.

Seller's Total Loss Including DLD

The seller paid a 4% DLD transfer fee on the original purchase, estimated at approximately AED 43,545. Adding this to the original price gives an all-in cost of approximately AED 1,132,161. The asking price of AED 1,000,000 represents a total seller loss of approximately AED 132,161, or 11.7% of their total investment.

Market Context

The asking price is below current market levels for 1-bedroom apartments in Eleve:

• Average 1BR asking price: approximately AED 1,167,000
• Current 1BR resale range: AED 950,000 to AED 1,150,000
• Average 1BR DLD transaction price (12 months): approximately AED 1,167,000
• Overall asking price trend: down 2% over the past 6 months

This listing at AED 1,000,000 is AED 167,000 below the average 1BR asking price and AED 167,000 below the average 1BR DLD transaction price. It sits near the lower end of the current resale range, offering a competitive entry point into the building.

Mid Floor with Pool View

The agent confirms this is a mid-floor unit with pool view. A pool-facing orientation overlooks the development's podium-level swimming pool and landscaped amenity deck. While not a skyline or sea view, a pool view provides a managed, landscaped outlook that is unlikely to be obstructed by future development. Pool-view units are typically popular with tenants seeking a resort-style living environment.

Post-Handover Payment Plan

The agent describes the payment structure as 80/20 with post-handover payments. The developer's standard payment plan for Eleve is structured as 70/30:

• 10% booking deposit
• 48% during construction in six instalments of 8% each (at months 4, 10, 16, 22, 28 and 34)
• 12% at handover
• 30% post-handover over 30 months at 1% per month

The agent's reference to 80/20 may reflect the specific payment split for this resale, where 80% is payable before or at handover and 20% remains as a post-handover obligation. Alternatively, the seller may have negotiated modified terms. Buyers should confirm the exact payment structure directly with the seller and Deyaar Properties, including the amount already paid, the remaining schedule and whether the post-handover instalments transfer to the buyer.

A post-handover plan is particularly attractive at this price point, as it allows the buyer to begin occupying or renting the unit while continuing to pay the remaining balance. At AED 1,000,000, a 20% post-handover portion equals AED 200,000 spread over the remaining post-handover period.

Price Per Square Foot Analysis

At AED 1,250 per square foot, this listing is competitively priced within the Downtown Jebel Ali market. For context, average 1BR transaction prices in Eleve are approximately AED 1,167,000. At the average 1BR size of approximately 770 sq ft, that translates to roughly AED 1,515 per sq ft. This listing at AED 1,250 per sq ft is approximately 17.5% below the average rate, reflecting both the below-OP discount and the slightly larger than average unit size.

About Eleve by Deyaar

Eleve (also referred to as Eleven in market shorthand) is a 38-storey residential tower by Deyaar Properties in Downtown Jebel Ali, Dubai. The development offers approximately 818 apartments including studios, 1, 2 and 3-bedroom units and garden apartments.

One-bedroom apartments come in multiple types:

• Type 1B: 763 sq ft
• Type 1D: 766 sq ft
• Type 1I: 771 sq ft
• Type 1A: 824 sq ft
• Type 1L (garden): 1,059 sq ft

At 800 sq ft, this unit falls between the smaller types (763 to 771 sq ft) and the Type 1A (824 sq ft), suggesting it may be a variant layout or a slightly different configuration.

Amenities

Eleve features a swimming pool, children's pool, gymnasium, spa and sauna, yoga and meditation area, basketball court, tennis court, jogging trails, cycling tracks, BBQ area, clubhouse, club room, children's play area, community parks, cafes and restaurants, pharmacy, EV charging stations, covered parking and 24/7 security.

Construction and Handover

The project was launched in February 2024 with construction starting in October 2024. Construction is approximately 16% complete. Handover is expected in Q2 2027, with some sources indicating December 2026. The agent states handover in 2027, which aligns with the Q2 2027 timeline. The project has recorded 156 DLD transactions to date, confirming strong buyer interest.

Location and Connectivity

Eleve is situated in Downtown Jebel Ali, a developing residential district along Sheikh Zayed Road (E11) in the southern corridor of Dubai. The location offers the following connectivity:

• Expo City Dubai: approximately 6 km
• Dubai Marina: approximately 15 minutes by road
• Al Maktoum International Airport: approximately 20 minutes
• Downtown Dubai: approximately 30 minutes
• Abu Dhabi: direct E11 highway access

Downtown Jebel Ali is positioned as a more affordable alternative to central Dubai districts such as Business Bay and Downtown Dubai, attracting buyers seeking new-build apartments from established developers at lower price points. The area is expected to benefit from continued infrastructure development and proximity to Expo City Dubai.

Verification Notes

Unit-specific facts including 1-bedroom configuration, built-up area of 800 sq ft, mid-floor position, pool view, asking price, original purchase price and post-handover payment structure are sourced from the agent's brief received on 28 September 2026. The agent refers to the project as Eleven, which is the market shorthand for Eleve (Elevé) by Deyaar. The 800 sq ft BUA falls within the 1BR range for Eleve (763 to 824 sq ft for standard types per Bayut building data). The OP of AED 1,088,616 is precise enough to suggest a contract figure. Bayut data shows current 1BR resale listings ranging from AED 950,000 to AED 1,150,000, with an average of approximately AED 1,167,000. DLD data records an average 1BR transaction price of approximately AED 1,167,000 across 156 total transactions. The agent states the payment plan as 80/20 with post-handover payments; the developer's standard plan is 70/30 (10% booking, 48% construction, 12% handover, 30% post-handover). The discrepancy may reflect resale-specific terms. Exact floor number, unit type, bathroom count, parking and furnishing status were not stated in the brief and have been omitted. The original purchase price should be confirmed against the seller's SPA.