Bulk Deal: Four 2 Bedroom + Maid Apartments in City Walk Building 22

Property Overview

This is a bulk sale of four two-bedroom plus maid's room apartments in City Walk Building 22, offered together at AED 17,420,000, or AED 4,355,000 per unit on average. Each unit measures between 1,742 and 1,774 sq ft. The agent cites a recommended market value of AED 20,300,000 for the four units, which places the package price AED 2,880,000 or 14.2% below that figure.

Bulk Package Highlights

• Package: 4 apartments in City Walk Building 22
• Unit type: 2 bedrooms plus maid's room (all four units)
• Unit size: 1,742 to 1,774 sq ft each
• Combined size: approx. 6,968 to 7,096 sq ft (calculated)
• Package asking price: AED 17,420,000
• Average per unit: approx. AED 4,355,000
• Agent-cited recommended market value: AED 20,300,000
• Gap vs cited value: AED 2,880,000 (14.2%), as calculated by DPF
• Blended price per sq ft: approx. AED 2,455 to 2,500 (calculated)
• Developer: Meraas

Why the Price Qualifies as Below Market

The agent compares the AED 17,420,000 package price with a recommended market value of AED 20,300,000. On those figures the package is AED 2,880,000 or 14.2% below value. The agent's brief gives the gap as AED 2.87 million (14.16%); the small difference is likely rounding, and DPF uses its calculated figure.

Calculation

• AED 20,300,000 minus AED 17,420,000 = AED 2,880,000
• AED 2,880,000 / AED 20,300,000 = 14.2% below the cited value
• AED 17,420,000 / 7,096 sq ft = approx. AED 2,455 per sq ft; / 6,968 sq ft = approx. AED 2,500 per sq ft

The source, date and basis of the recommended market value were not supplied. Buyers should obtain the underlying valuation and compare recent City Walk two-bedroom transactions.

About the Project, Developer and Community

City Walk is a Meraas mixed-use neighbourhood between Al Wasl Road and Al Safa Street, close to Downtown Dubai, with low-rise residential buildings, a pedestrian retail and dining street, entertainment venues and landscaped public spaces.

Package Layout

The agent confirms four two-bedroom plus maid's room apartments of 1,742 to 1,774 sq ft each in Building 22. The individual unit sizes, prices, floors, views, parking and occupancy status were not supplied and should be confirmed unit by unit from the title deeds or SPAs.

Transaction Considerations

Each unit carries its own title deed or SPA and transfer, so a bulk buyer should plan for four separate transfers and DLD registrations. Buyers should confirm whether the units are vacant or tenanted, any service charge arrears and any mortgages before committing.

Verification Notes

• Agent-supplied facts: project and building, four two-bedroom plus maid units, 1,742 to 1,774 sq ft each, package price AED 17,420,000, recommended market value AED 20,300,000 and stated AED 2.87M (14.16%) gap. The agent also described the deal as exclusive.
• Calculated by DPF: gap against cited value, combined size range, average per-unit price and blended price per sq ft.
• External context: developer and community overview.
• Not supplied: per-unit breakdown, valuation source, completion and occupancy status, floors, views, parking and service charges.