1-Bedroom Apartment at Ultra 1, Waada, Dubai South – 12.8% Below Original Price

Property Overview

This 757 sq ft one-bedroom apartment at Ultra 1 in Waada, Dubai South, is offered at AED 800,000. The agent states an original price of AED 917,000, so the asking price is AED 117,000 (12.8%) below that figure. It is an off-plan resale with 15% paid, a 30% post-handover payment portion and handover given as Q4 2028. The agent says two such units are available.

Property Highlights

• Property type: 1-bedroom apartment
• Building: Ultra 1, Waada, Dubai South
• Developer: BT Properties
• Size: 757 sq ft
• Asking price: AED 800,000
• Agent-stated original price: AED 917,000
• Difference: AED 117,000 (12.8%)
• Price per sq ft: approx. AED 1,057
• Amount paid: 15% (agent-stated)
• Post-handover portion: 30% (agent-stated)
• Handover: Q4 2028 (agent-stated)
• Availability: two units (agent-stated)

Why the Price Qualifies as Below OP

The comparison is against the original purchase price supplied in the agent's resale brief of 9 October 2026: AED 917,000. The asking price of AED 800,000 is AED 117,000 lower, or 12.8% below the original price. At 757 sq ft, that is about AED 1,057 per sq ft.

What a buyer would pay now (estimate)

If 15% has been paid on the AED 917,000 original price, that is roughly AED 137,550, leaving about AED 779,450 due to the developer. Because the discount of AED 117,000 is almost as large as the amount paid, a buyer at the asking price would pay the seller only around AED 20,550 now and take over the remaining developer balance. Of that balance, about AED 275,100 (30% of the original price) would fall due after handover. These are estimates; confirm the exact paid amount and remaining schedule with the developer's statement of account.

About the Project, Developer and Community

Waada is a master-planned residential community by BT Properties in Dubai South, offering studios, one- to three-bedroom apartments and three- and four-bedroom townhouses on freehold title. One-bedroom apartments are published at about 752 to 756 sq ft. The developer's published payment structure includes 30% payable after handover.

Announced community facilities include swimming pools, gyms, children's play areas, sports facilities, barbecue areas, landscaped parks, jogging tracks, retail and a mosque. Dubai South is a large planned district around Al Maktoum International Airport and Expo City Dubai.

Layout, Floor and View

The agent describes a 757 sq ft one-bedroom apartment. Floor level, view, bathroom count and parking were not supplied. With two units available, ask the agent for the floor plan, floor and view of each to compare them.

Payment Plan and Handover

The agent states 15% has been paid, 30% is payable after handover, and handover is expected in Q4 2028. Confirm the remaining construction instalments, the amount due on handover, the post-handover schedule and the developer's resale transfer requirements and fees before committing.

Location and Connectivity

Dubai South sits around Al Maktoum International Airport and Expo City Dubai, with road access via Sheikh Mohammed Bin Zayed Road and Emirates Road. Check actual drive times for your own routes during a site visit.

Verification Notes

• Agent-supplied: building, bedrooms, size, asking price, original price, 15% paid, 30% post-handover, handover and two units available.
• DPF-calculated: AED 117,000 difference, 12.8% saving, approx. AED 1,057 per sq ft and the estimated amounts payable.
• External research: developer, unit mix, one-bedroom sizes, published payment structure and amenities from project-listing sources.
• Not verified: the SPA price, exact amount paid, remaining schedule and handover date.