1-Bedroom Apartment in Safa Two by de GRISOGONO, Business Bay – 19.7% Below Original Price

Property Overview

This 1-bedroom apartment in Safa Two by de GRISOGONO, DAMAC's tower on Sheikh Zayed Road in Business Bay, is offered as an urgent off-plan resale at AED 1,485,000. That is AED 365,000 (19.7%) below the agent-stated original purchase price of AED 1,850,000. The 794.11 sq ft unit is on a high floor, and the agent states handover as June 2027.

Property Highlights

• Asking price: AED 1,485,000
• Original purchase price (agent-stated): AED 1,850,000
• Saving versus OP: AED 365,000 (19.7%)
• Size: 794.11 sq ft
• Price per sq ft: approx. AED 1,870
• Floor: high floor
• Construction progress: 70% (agent-stated)
• Status: off-plan resale, handover stated as June 2027

Why the Price Qualifies as Below OP

The benchmark is the seller's original purchase price of AED 1,850,000, supplied in the agent brief on 1 October 2026. The asking price of AED 1,485,000 is AED 365,000 lower, which is 19.7% of the original price and matches the agent's stated reduction. Dividing the asking price by 794.11 sq ft gives approximately AED 1,870 per sq ft.

The brief does not say whether the seller covers the Dubai Land Department transfer fee, so buyers should assume they will pay it. At the standard 4% rate, that would be about AED 59,400 on the asking price, plus trustee and other transaction costs.

About the Project and Developer

Safa Two by de GRISOGONO is a high-rise residential tower by DAMAC Properties on Sheikh Zayed Road, designed in collaboration with the Swiss jeweller de GRISOGONO. Published project information describes a design that links Safa One and Safa Two at the top, and resort-style facilities including an infinity pool, beach-style pools, a spa and gym, and observation experiences. Buyers should confirm the final amenity schedule with DAMAC.

Layout, Floor and View

The agent describes the unit as being on a high floor. The exact floor number, view, bathroom count, balcony and parking allocation were not supplied and should be confirmed from the floor plan and SPA.

Payment Plan and Handover

The agent states the building is 70% complete and that handover is expected in June 2027. Published project information gives a later target, so buyers should confirm the current handover date with DAMAC. The amount already paid by the seller, the remaining instalments and any transfer or NOC charges were not supplied; confirm these against the Sale and Purchase Agreement and DAMAC's statement of account before committing.

Location and Connectivity

The tower fronts Sheikh Zayed Road, close to Business Bay, Downtown Dubai, DIFC and City Walk. Actual travel times depend on traffic and route.

Verification Notes

• Agent-supplied facts: building, bedrooms, size, original price, asking price, floor, construction progress and handover.
• Calculated by DPF: saving amount, saving percentage, price per sq ft and indicative 4% DLD fee.
• External research: project facts from published Safa Two by de GRISOGONO information.
• Not verified: the original price, availability, construction progress and handover date. Confirm against the SPA and DAMAC records before any payment.