Semi-Furnished Studio at The Spirit, Dubai Sports City – 53.6% Below Original Price

Property Overview

This ready, semi-furnished studio on the 18th floor of The Spirit by The First Group in Dubai Sports City is offered at AED 450,000 for 286 sq ft. That is AED 520,579 (53.6%) below the agent-stated original price of AED 970,579, at about AED 1,573 per sq ft, with a partial golf view.

Property Highlights

• Property type: Studio apartment
• Size: 286 sq ft (agent-stated)
• Asking price: AED 450,000
• Original price: AED 970,579 (agent-stated)
• Saving: AED 520,579, or 53.6% below original price (calculated)
• Price per sq ft: approx. AED 1,573 (calculated)
• Floor: 18th (agent-stated)
• View: Partial golf view (agent-stated)
• Furnishing: Semi-furnished (agent-stated)
• Status: Ready (agent-stated)
• Developer: The First Group

Why the Price Qualifies as Below Original Price

The agent states the studio's original price was AED 970,579 and the seller is now asking AED 450,000, describing a seller loss of AED 520,579 and a discount of about 54%. DPF's calculation confirms the loss figure.

Calculation

• Saving: AED 970,579 − AED 450,000 = AED 520,579
• Percentage: 520,579 ÷ 970,579 × 100 = 53.6%
• Rate: AED 450,000 ÷ 286 sq ft = approx. AED 1,573 per sq ft

The original price works out to roughly AED 3,394 per sq ft, which is high for a studio in Dubai Sports City. Buyers should confirm the original price against the seller's SPA and compare the asking rate with recent registered transactions in the building. A large discount to the original purchase price does not by itself mean the unit is below current market value.

About the Project and Developer

The Spirit is a completed hotel-style residential building by The First Group in Dubai Sports City. Published project information describes furnished hotel rooms and serviced residences designed for short-stay and longer-term rental, with hotel-style services. Listed facilities include swimming pools, a gym, a yoga and wellness area, a games room, a children's play area, concierge and 24-hour security. Buyers should confirm current facilities, any rental or hotel management arrangement and service charges with building management.

Layout, Floor and View

The agent describes a semi-furnished studio on the 18th floor with a partial golf view. The bathroom count, parking and unit number were not supplied. Request the floor plan and unit details before making an offer.

Handover and Transfer

The agent describes the studio as ready. Buyers should confirm the title deed, current occupancy or any rental programme the unit is in, service charges, any outstanding developer fees and the DLD transfer fee before committing.

Location and Connectivity

Dubai Sports City sits off Sheikh Mohammed Bin Zayed Road and Al Khail Road, with a golf course, sports academies and stadium facilities within the community. Exact travel times should be checked during a viewing.

Verification Notes

• Agent-supplied facts: project, studio type, size, original price, asking price, seller loss, 18th floor, partial golf view, semi-furnished and ready status.
• Calculated figures: saving amount, saving percentage and price per sq ft.
• External research: developer, building type and facilities from published project information; these are not unit-specific.
• Not supplied: bathrooms, parking, occupancy, rental arrangement and service charge.