Property Overview
This 5-bedroom plus maid Chamfer villa in Palace Ostra, The Oasis by Emaar, is available at an asking price of AED 15,830,888. The villa has a built-up area of 7,922 sq ft on a 10,233 sq ft plot in a G+1+Roof layout. The property includes a private swimming pool, private garden, private lift and is positioned as a garden unit. The seller has paid 30% of the contract value and is exiting the purchase. Handover is expected in Q2 2029 per the agent brief.
Property Highlights
- Type: 5-bedroom plus maid Chamfer villa
- Built-up area: 7,922 sq ft
- Plot: 10,233 sq ft
- Layout: G+1+Roof
- Asking price: AED 15,830,888
- Rate: approximately AED 1,998 per sq ft (BUA)
- Key features: private pool, private garden, private lift, garden unit
- Payment: 30% paid
- Handover: Q2 2029 per agent (Q3 2029 per DLD)
- Construction: 3% complete as of March 2026
- Payment plan: 80/20
Why This Listing Qualifies as Off-Plan Distress
The seller has paid 30% of the contract value (approximately AED 4,749,266 on the stated price) and is exiting the purchase. The highly specific asking price of AED 15,830,888 is consistent with an original Emaar developer contract value, suggesting the seller is exiting at or near cost without adding a premium.
With the project only 3% complete as of the last DLD inspection in March 2026 and handover not expected until Q3 2029 at the earliest, the buyer would be assuming a significant remaining payment obligation of approximately 70% (approximately AED 11,081,622) over the remaining construction and handover period.
Verification Requirements
Buyers should request the seller's Sale and Purchase Agreement to confirm: the original contract value matches the asking price; the amount paid to date; the remaining payment schedule; and any assignment or transfer fees applicable to the Oqood transfer. Emaar's approval for the resale transfer should also be confirmed.
Market Context
For directional reference, comparable Chamfer villa resale listings in Palace Ostra include:
- 5BR Chamfer: 10,394 sqft BUA, 17,437 sqft plot, lagoon view: AED 26,000,000 (AED 2,501/sqft BUA)
- 4BR Chamfer B+G+1: 7,297 sqft BUA, 8,417 sqft plot, lagoon view: AED 14,100,000 (AED 1,932/sqft BUA)
- 4BR Chamfer B+G+1: 9,300 sqft plot: AED 12,800,000 (AED 1,376/sqft BUA)
This listing at AED 15,830,888 for 7,922 sqft BUA (AED 1,998/sqft) falls between the 4BR and the larger 5BR listings. The significantly higher price of the comparable 5BR at AED 26M reflects its much larger BUA (10,394 sqft) and plot (17,437 sqft). These are asking prices on active resale listings, not transacted values.
About Palace Ostra and The Oasis
Palace Ostra is a collection of luxury Palace Villas within The Oasis, one of Emaar's most prestigious master-planned communities in Dubai. The Chamfer villa type features contemporary architecture with clean geometric lines, floor-to-ceiling glass panels, premium interior finishes and expansive indoor-outdoor living. Villas include private pools, landscaped gardens, private lifts and dedicated staff quarters.
The Oasis by Emaar is a master-planned luxury community located in Me'Aisem Second, Dubai, designed around lagoons, waterways and extensive green landscapes. The community offers a range of ultra-luxury villa collections with access to premium amenities, retail and dining facilities, parks and recreational spaces. The development is positioned with access to Sheikh Zayed Road and Al Khail Road, providing connectivity to Dubai's main commercial and leisure destinations.
Handover and Construction Status
The agent states handover in Q2 2029. DLD project data (last inspected March 2026) shows a handover date of September 2029 (Q3 2029) and construction at 3% completion. This is a very early-stage off-plan project, and buyers should be prepared for a timeline of approximately three years before handover. Construction progress and any schedule changes should be confirmed directly with Emaar.
Verification Notes
Unit-specific facts including bedroom plus maid configuration, Chamfer villa type, built-up area, plot size, G+1+Roof layout, private pool, garden, lift, garden unit positioning, 30% paid status, asking price and Q2 2029 handover are sourced from the agent's brief received on 24 September 2026. Project-level details including DLD construction status (3%, March 2026), handover date (September 2029), developer confirmation and payment plan (80/20) are drawn from Dubizzle's validated DLD project data for The Oasis Palace Villas Ostra. Market comparables are from Dubizzle and Property Finder resale listings (May to August 2026). Bathroom count, view, furnishing and specific floor plan details were not stated in the brief and have been omitted. Comparable listings for 4BR Chamfer villas show 6 bathrooms and for 5BR show 7 bathrooms.