Property Overview
This 5-bedroom + maid corner townhouse in Maldives 4, DAMAC Islands is available at AED 3,800,000 as an urgent sale. The property is 3,178 sqft BUA (AED 1,196 per sqft), off-plan by DAMAC Properties with handover in Q4 2028. The unit is vastu compliant and comes with a 1% monthly post-handover payment plan. DLD developer registrations for the same layout in January 2025 recorded at approximately AED 4,334,000, suggesting the seller is exiting below their purchase price.
Property Highlights
- Type: 5-bedroom + maid corner townhouse, G+2 layout
- Size: 3,178 sqft BUA (DLD-recorded area approximately 2,583 sqft)
- Asking price: AED 3,800,000 (AED 1,196 per sqft)
- Bathrooms: 5
- Parking: 2 covered
- Features: corner unit, vastu compliant, wraparound garden
- Status: off-plan, handover Q4 2028 (December 2028)
- Developer: DAMAC Properties
- Post-handover payment: 1% monthly
Why the Price Qualifies as Off-Plan Distress
The agent did not state an original purchase price. The off-plan distress classification is based on DLD transaction evidence.
DLD Transaction Analysis
DLD transactions for 5-bedroom townhouses in Maldives 4 (2,581 to 2,590 sqft DLD area, corresponding to 3,178 sqft BUA) from Property Finder:
- 9 January 2025: AED 4,335,934 (2,583 sqft DLD area)
- 9 January 2025: AED 4,331,959 (2,581 sqft DLD area)
- 4 April 2025: AED 3,224,000 (2,590 sqft DLD area)
- 1 May 2025: AED 3,245,000 (2,583 sqft DLD area)
- 11 June 2025: AED 3,288,000 (2,581 sqft DLD area)
The January 2025 transactions at AED 4,331,959 and AED 4,335,934 appear to be primary developer-to-buyer registrations. Construction started on 22 April 2024, and these early registrations align with the initial sales phase. If the seller purchased at this level (approximately AED 4,334,000), they are selling at AED 3,800,000, representing a loss of approximately AED 534,000 (12.3%).
The April to June 2025 transactions at AED 3,224,000 to AED 3,288,000 are notably lower and likely represent early resales by buyers exiting below their developer purchase price. The asking price of AED 3,800,000 is AED 512,000 to AED 576,000 above these recent resale transactions. The premium over recent resales may partly reflect the corner unit position, which provides extra windows, enhanced privacy and a larger wraparound garden compared to standard mid-terrace units.
Active Listing Comparison
Active listings for 5-bedroom townhouses with 3,178 sqft BUA in Maldives 4:
- AED 3,000,000 (AED 1,161 per sqft) on Property Finder, with 2,633 sqft plot, likely a distress listing
- AED 4,357,000 (AED 1,754 per sqft) on Property Finder, near the developer registration price
A 5-bedroom corner townhouse in Maldives 1 (same DAMAC Islands master plan, same 3,178 sqft BUA) is listed on Dubizzle at AED 3,490,000 and described as a distress deal at OP price.
The asking price of AED 3,800,000 sits in the middle of the active listing range. Buyers should note the wide spread between the lowest (AED 3,000,000) and highest (AED 4,357,000) active listings for the same layout, indicating significant variation in seller urgency and pricing expectations within this cluster.
About the Townhouse
The 5-bedroom + maid layout in Maldives 4 is a G+2 (ground plus two floors) townhouse with a BUA of 3,178 sqft. Based on listing data for the same type, the unit includes 5 bathrooms, open-plan living and dining areas, floor-to-ceiling windows, a modern fitted kitchen with premium finishes, built-in wardrobes, central air conditioning, a private garden and 2 covered parking spaces. Units are delivered unfurnished.
As a corner unit, this townhouse benefits from extra windows on the additional exposed side, enhanced privacy from reduced neighbour adjacency and a larger wraparound garden compared to standard mid-terrace units. The agent notes that the unit is vastu compliant, meaning its layout or orientation aligns with Vastu Shastra principles. The plot size for this layout ranges from approximately 2,439 to 2,633 sqft based on comparable listings.
DLD records show the area as approximately 2,583 sqft, which differs from the 3,178 sqft BUA. This is consistent with DLD recording a different measurement basis (such as internal area of one floor or plot footprint) rather than total built-up area across all three levels.
About DAMAC Islands
DAMAC Islands is a master-planned community by DAMAC Properties in Dubailand, Dubai. The community comprises multiple clusters named after tropical destinations, including Maldives, Bali, Santorini and Mykonos, offering townhouses and villas in a resort-style setting.
Community amenities:
- Crystalline lagoons and beach access zones
- Infinity pools and leisure pools
- Gymnasium and fitness centres
- Yoga studios
- Bicycle tracks
- Children's play areas
- BBQ areas
- Landscaped gardens and green corridors
- 24-hour security
Location and Connectivity
Maldives 4 is within DAMAC Islands in Dubailand, Dubai.
- Dubai Sports City: approximately 15 minutes by car
- Dubai Investment Park: approximately 18 minutes
- Al Maktoum International Airport: approximately 23 minutes
- Downtown Dubai: approximately 30 minutes
- Dubai Outlet Mall: nearby
The area is part of the southern growth corridor of Dubai with ongoing infrastructure development. Ownership is leasehold.
Payment Structure
The agent states a 1% monthly post-handover payment plan (PHPP). At AED 3,800,000, this translates to approximately AED 38,000 per month after the Q4 2028 handover. The developer's standard payment plans for Maldives 4 are 45% down plus 55% during construction, or 20% down plus 55% during construction plus 25% on handover. The 1% monthly PHPP may represent a separate arrangement or a variant of the developer's plan. The exact split between the pre-handover and post-handover portions is not specified by the agent. Buyers should confirm the full payment schedule and any assignment or novation requirements directly with the seller and DAMAC Properties.
Verification Notes
Unit-specific facts including 5-bedroom + maid configuration, 3,178 sqft, corner unit, vastu compliance, AED 3,800,000 asking price, 1% monthly PHPP and Q4 2028 handover are sourced from the agent's brief received on 5 October 2026. The agent did not provide an original purchase price. The off-plan distress classification is based on DLD evidence suggesting the developer registration price for this layout was approximately AED 4,334,000 in January 2025. DLD resale transactions from April to June 2025 (AED 3,224,000 to AED 3,288,000) are below the asking price; the corner unit premium may partly account for this difference. The 5-bathroom count and 2-parking allocation are from Property Finder listings for the same layout, not confirmed by the agent. The vastu compliance is from the agent and not independently verified against a vastu assessment. The plot size is not stated by the agent; comparable listings show approximately 2,439 to 2,633 sqft.
