Distress 5-Bedroom Lagoon-View Villa with Basement in Mirage, The Oasis

Property Overview

This distress-sale 5-bedroom villa in Mirage, The Oasis by Emaar, is offered at AED 16,500,000. It has a built-up area of 10,388 sq ft with direct lagoon views, a basement, private elevator, maid's and driver's rooms and six bathrooms. Against an agent-stated original purchase price of AED 17,000,000, the asking price is AED 500,000 or 2.9% below OP.

Property Highlights

• Asking price: AED 16,500,000
• Original purchase price: AED 17,000,000
• Below OP by: AED 500,000 (2.9%)
• Bedrooms: 5 plus maid's room and driver's room
• Bathrooms: 6
• Built-up area: 10,388 sq ft
• Asking rate: about AED 1,588 per sq ft (OP rate about AED 1,637)
• View: direct lagoon (agent-stated)
• Private basement, elevator, private garden and covered parking (agent-stated)
• Developer: Emaar

Why the Price Qualifies as Below OP

The agent supplied an original purchase price of AED 17,000,000 and a selling price of AED 16,500,000. The difference is AED 500,000, which is 2.9% of the OP.

The seller is offering the villa as a distress sale. No dated market comparables or DLD transactions were supplied, so DPF classifies the listing on its OP comparison only. The amount already paid to Emaar and the remaining balance were not supplied; confirm them against the SPA and Emaar's statement of account.

About Mirage and The Oasis

Mirage is a villa cluster within The Oasis, Emaar's waterfront community of swimmable lagoons and canals. Published project information lists 5- and 6-bedroom villas, with 5-bedroom layouts of about 10,224 to 11,163 sq ft across several types, featuring elevators and driver's room annexes in three architectural styles. Community amenities include lagoons, fitness centres, sports courts, a children's playground, a linear park and sky gardens.

Layout and Features

The agent describes a five-bedroom villa with maid's and driver's rooms, six bathrooms, a private basement, an elevator, a private garden, covered parking and direct lagoon views. Plot size, villa type and architectural style were not supplied. Request the floor plans and plot plan.

Payment Plan and Handover

The agent did not supply a handover date. Published project information lists Q2 2028 for Mirage, with most of the price payable during construction. Confirm the handover date, amount paid and remaining payments for this villa in the SPA.

Location and Connectivity

The Oasis is an Emaar master community in the Dubailand area with road access to the city's main highways. Exact travel times were not supplied.

Verification Notes

• Agent-supplied: price, OP, built-up area, bedrooms, bathrooms, maid's and driver's rooms, basement, elevator, garden, covered parking, lagoon view, and distress-sale status.
• Calculated by DPF: discount amount, discount percentage and rates per sq ft.
• External research: cluster, unit size range, features, amenities, handover date and payment plan from published information.
• Not supplied: plot size, villa type, handover date, amount paid and market comparables.