Furnished 1-Bedroom in Society House, Downtown Dubai, 21.5% Below OP+DLD

Property Overview

This fully furnished 1-bedroom apartment in Society House by IGO, Downtown Dubai, is offered at AED 2,000,000 for 997 sq ft of built-up area, or about AED 2,006 per sq ft. The asking price is AED 548,643 (21.5%) below the agent-stated original price including DLD of AED 2,548,643. The agent reports a unit between floors 6 and 10 with Downtown views, a Q3 2026 handover, and a post-handover balance of AED 735,180.

Property Highlights

• Property type: Apartment
• Bedrooms: 1
• Built-up area: 997 sq ft
• Asking price: AED 2,000,000
• Original price including DLD (agent-stated): AED 2,548,643
• Saving versus original price plus DLD: AED 548,643 (21.5%)
• Asking rate: approximately AED 2,006 per sq ft
• Floor: between 6 and 10 (agent-stated)
• View: Downtown Dubai
• Furnishing: fully furnished
• Post-handover balance: AED 735,180 (agent-stated)
• Scheduled handover: Q3 2026
• Developer: IGO

Why the Price Qualifies as Below OP

The listing is classified as Below OP because the asking price of AED 2,000,000 is lower than the agent-stated benchmark of AED 2,548,643, which the brief describes as the original price plus the DLD fee. The difference is AED 548,643, or 21.5%. If the DLD fee was the standard 4%, the original price alone would be about AED 2,450,618, and the asking price would be roughly AED 450,618 (18.4%) below it; this is a DPF estimate.

None of the figures have yet been checked against the SPA, Oqood or DLD receipt. The comparison reflects what the seller originally paid; it is not a claim that the unit is below current market value.

About the Project, Developer and Community

Society House is a residential project by IGO in Downtown Dubai, the district around the Burj Khalifa, The Dubai Mall and the Dubai Fountain.

Layout, Floor and View

The agent confirms a fully furnished 1-bedroom layout of 997 sq ft on a floor between 6 and 10, with Downtown views. Bathrooms and parking were not supplied. Ask the DPF team for the floor plan.

Payment Plan and Handover

The agent gives handover as Q3 2026, which has now passed, so confirm whether the unit has been handed over. The agent states a post-handover balance of AED 735,180 remains payable to the developer. It is not stated whether this is included in the AED 2,000,000 asking price or payable on top, so confirm the split between the amount paid to the seller and the balance taken over, along with the instalment schedule, against the SPA and IGO's statement of account.

Location and Connectivity

Downtown Dubai has direct access to Sheikh Zayed Road and Al Khail Road and is served by Burj Khalifa/Dubai Mall station on the Dubai Metro Red Line. Travel times vary with traffic and are not quoted here.

Verification Notes

• Agent-supplied facts: Society House by IGO, Downtown Dubai, 1-bedroom apartment, 997 sq ft, floor 6 to 10, fully furnished, Downtown views, Q3 2026 handover, post-handover balance AED 735,180, AED 2,548,643 original price including DLD and AED 2,000,000 asking price.
• DPF-calculated figures: AED 548,643 (21.5%) below the original price plus DLD, an estimated 18.4% below the original price alone and approximately AED 2,006 per sq ft.
• Not yet verified: SPA, Oqood or DLD records, handover status, whether the balance is included in the price, bathrooms and parking.