Studio at Eleganz 5 by Danube, JVC — Priced Below Original Purchase Price

Property Overview

This is a studio apartment at Eleganz 5 by Danube in Jumeirah Village Circle, offered at AED 620,000. The 384 sqft unit is priced AED 115,000 (15.6%) below the seller's stated original purchase price of AED 735,000, and the seller indicates a flexible post-handover payment plan can be discussed. It is listed as a distress resale below original price.

Property Highlights

• Type: Studio apartment
• Size: 384 sqft
• Asking price: AED 620,000
• Original purchase price (seller-stated): AED 735,000
• Saving vs. original price: AED 115,000 (15.6%)
• Rate: AED 1,615 per sqft
• Developer: Danube Properties
• Community: Jumeirah Village Circle
• Flexible post-handover payment plan (agent-stated)

Why the Price Qualifies as Below OP

The classification is based on the seller-stated original purchase price of AED 735,000 against the current asking price of AED 620,000. Savings amount is calculated as AED 735,000 minus AED 620,000, equal to AED 115,000, or 15.6% below the original price. At 384 sqft, the asking price works out to AED 1,615 per square foot. The benchmark here is the original purchase price supplied in the agent brief; it is not a DLD transaction or a dated market comparison, and DPF has not independently verified the original purchase figure.

About the Project, Developer and Community

Eleganz by Danube is a residential development by Danube Properties in Jumeirah Village Circle (JVC), one of Dubai's established mid-market residential communities offering apartments, duplexes and townhouses. Danube Properties is a long-standing UAE developer known across its JVC projects for flexible instalment structures, including post-handover payment plans. Jumeirah Village Circle is served by Al Khail Road, Sheikh Mohammed Bin Zayed Road and Sheikh Zayed Road, and offers community amenities such as parks, retail and leisure facilities. Project-level details for the specific Eleganz 5 building should be confirmed against the developer's documentation.

Payment Plan and Handover

The agent brief states a flexible post-handover payment plan is available. The exact instalment schedule, down payment, tenor and any developer approval or assignment terms must be confirmed in the Sale and Purchase Agreement (SPA) and with Danube Properties before commitment. DPF has not been supplied with a specific handover date for this unit and does not state one.

Verification Notes

• Agent-supplied facts: property type, size (384 sqft), asking price (AED 620,000), original purchase price (AED 735,000), and the availability of a flexible post-handover plan.
• DPF-calculated figures: savings amount (AED 115,000), savings percentage (15.6%), and price per square foot (AED 1,615).
• External project research: Eleganz by Danube is confirmed as a Danube Properties development in Jumeirah Village Circle; building-specific and handover details for Eleganz 5 were not independently verified.
• The original purchase price is a seller-stated benchmark and has not been checked against a DLD record.