3BR Canal View | Damac Maison Cour Jardin Business Bay | Distress 2.45M vs OP 2.97M | Rented 185K | 7.55% Yield
Ref: DPF-CMJ-3BR-1640-001
Business Bay, United Arab Emirates
Bedrooms
3Down Payment
On RequestHandover Date
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Description
3 Bedroom Canal View Apartment for Sale in Damac Maison Cour Jardin, Business Bay — Distress AED 2,450,000 | Rented AED 185,000/Year
17.5% Below OP | AED 520,000 Saving | 7.55% Gross Yield | Canal View | Mid Floor | Fully Furnished | Tenanted — Income from Day One
A dual-value distress opportunity that delivers both an exceptional purchase price saving and immediate, documented rental income — a fully furnished 3-bedroom canal view apartment in Damac Maison Cour Jardin, Business Bay. The original purchase price was AED 2,970,000. The seller is exiting at AED 2,450,000 — a saving of AED 520,000 (17.5% below the original price). The seller’s total documented cost including DLD was approximately AED 3,088,800, placing the buyer approximately AED 638,800 below the seller’s verified all-in entry. The property is currently rented at AED 185,000 per annum — a 7.55% gross yield on the asking price and 7.12% on the buyer’s estimated total all-in cost. The rental income is live, documented, and provides the buyer with immediate income from the day of transfer. This is not just a distress deal — it is a fully performing investment delivering one of the highest gross yields available for a furnished 3-bedroom in Business Bay, acquired simultaneously at 17.5% below the seller’s original price. The 1,640 sq ft layout with a direct canal view from a mid floor in a Damac Maison hotel-serviced building further underlines the quality and completeness of this opportunity.
Property Highlights
- Project: Damac Maison Cour Jardin, Business Bay, Dubai
- Developer / Operator: Damac Maison (Damac Properties)
- Unit Type: 3 Bedroom Apartment
- Size: 1,640 sq ft
- Floor: Mid floor
- View: Canal view (Dubai Canal)
- Condition: Fully furnished
- Current Rental Income: AED 185,000 per annum (active tenancy)
- Gross Yield on Asking Price: 7.55%
- Gross Yield on All-In Buyer Cost: Approximately 7.12%
- Bathrooms: Available on request
- Parking: Available on request
- Original Price (OP): AED 2,970,000
- Distress Asking Price: AED 2,450,000
- Saving vs OP: AED 520,000 (17.5% below OP)
- Seller’s DLD Paid (4% approx.): Approximately AED 118,800
- Seller’s Total Cost (OP + DLD): Approximately AED 3,088,800
- Saving vs Seller’s Total Cost: Approximately AED 638,800 (approximately 20.7%)
- Price per Sq Ft (SP): AED 1,494
- Price per Sq Ft (OP): AED 1,811
- Property Status: Ready — Secondary Market — Tenanted — Distress Sale
About Damac Maison Cour Jardin — Business Bay, Dubai
Damac Maison Cour Jardin is a hotel apartment and serviced residence development by Damac Properties within Business Bay — one of Dubai’s most strategically positioned and commercially active mixed-use districts, situated along the Dubai Canal adjacent to Downtown Dubai and DIFC. Damac Maison is Damac’s dedicated luxury hospitality and serviced residence brand, managing its properties to a hotel-standard of operations, amenities, and guest services. As a Damac Maison building, Cour Jardin provides residents and investors with the quality assurance of a professionally managed, hotel-brand-operated residential building — a significant advantage for rental income management, building maintenance, and long-term asset preservation. The canal view from Cour Jardin faces the Dubai Canal — the man-made waterway that connects Dubai Creek to the Arabian Gulf through Business Bay, flanked by the Dubai Canal Promenade, one of the city’s most active and picturesque outdoor lifestyle corridors. A mid-floor 3-bedroom with canal view in this building at AED 2,450,000 — generating AED 185,000 in documented rental income — is one of the most clearly compelling investment propositions available in Business Bay’s secondary market today.
The Investment Case — Distress Plus Yield
- Distress saving: AED 520,000 below OP (17.5%) — immediate capital equity from day one
- Live rental income: AED 185,000/year tenancy in place — income from day one of ownership
- Gross yield: 7.55% on asking price — exceptional for a 3-bedroom furnished apartment in Business Bay
- All-in gross yield: Approximately 7.12% on total buyer cost (SP + DLD + agency)
- Fully furnished: Zero additional investment required by the buyer
- Canal view: Premium view designation supporting both rental rate and capital value
- Damac Maison management: Hotel-grade operations protecting asset quality and tenant appeal
- 3-bedroom: Premium unit type in Business Bay with limited comparable supply
Amenities
- Hotel-standard lobby and reception managed by Damac Maison
- Swimming pool and leisure facilities
- Gymnasium and fitness centre
- Spa and wellness facilities
- Housekeeping and concierge services (hotel-standard)
- Covered parking
- 24/7 security and access control
- Retail and dining at podium level
- Dubai Canal Promenade — walking distance waterfront dining and lifestyle
- Full service charge and management fee details available on request
Layout and Floor Plan
This 3-bedroom apartment in Damac Maison Cour Jardin spans 1,640 sq ft on a mid floor with a direct canal view. The layout delivers three bedroom suites — each with en-suite bathroom or shared bathroom access — a generously sized open-plan or semi-open living and dining area, a fully fitted kitchen to the Damac Maison furnished specification, and balcony or terrace access with the canal view as the primary visual feature. At 1,640 sq ft with 3 bedrooms and a canal view in a hotel-managed fully furnished building, this is a comprehensively specified investment and residential product. The fully furnished condition means all furniture, fixtures, appliances, and soft furnishings are included — the incoming buyer receives a completely turn-key asset with a live tenant already in residence. Full floor plan with room-by-room dimensions, bathroom layout, balcony area, and building orientation are available on request from our team.
Payment and Distress Position
This is a ready secondary-market apartment available for immediate transfer. The tenant is in residence at AED 185,000 per annum — the buyer inherits the tenancy and begins collecting income from the date of transfer.
Distress and Yield Analysis
- Original Purchase Price (OP): AED 2,970,000
- Seller’s DLD (4% approx.): Approximately AED 118,800
- Seller’s Total Cost (OP + DLD): Approximately AED 3,088,800
- Distress Price: AED 2,450,000
- Saving vs OP: AED 520,000 (17.5%)
- Saving vs Seller’s Total Cost: Approximately AED 638,800 (20.7%)
- Price per Sq Ft: AED 1,494
- Annual Rental Income: AED 185,000 (active tenancy)
- Gross Yield on Asking Price: 7.55%
Estimated Buyer All-In Cost and Yield
- Purchase Price: AED 2,450,000
- DLD Transfer Fee (4%): AED 98,000
- DLD Administrative Fee: Approximately AED 580
- Agency Commission (2% + VAT): Approximately AED 51,450
- Total Estimated All-In: Approximately AED 2,600,030
- Gross Yield on All-In: AED 185,000 ÷ AED 2,600,030 = approximately 7.12%
- Saving vs Seller’s Total Cost: Approximately AED 488,770
Tenancy agreement, rental payment history, title deed, NOC from Damac, service charge clearance, and all due diligence documentation available on request. Bank mortgage financing is available subject to standard UAE bank eligibility.
Location and Connectivity
- Community: Business Bay, Dubai
- View: Dubai Canal — direct canal frontage
- Key Roads: Sheikh Zayed Road (E11), Al Khail Road (E44), Financial Centre Road
- Dubai Canal Promenade: Walking distance
- Downtown Dubai / Burj Khalifa: Approximately 5–10 minutes by car
- Dubai Mall: Approximately 5–10 minutes by car
- DIFC: Approximately 5–10 minutes by car
- City Walk: Approximately 10–15 minutes by car
- Safa Park: Approximately 10–15 minutes by car
- Dubai International Airport (DXB): Approximately 15–20 minutes by car
- Dubai Marina / JBR: Approximately 20–25 minutes by car
Why This Is One of the Most Complete Distress Opportunities in Business Bay
- AED 520,000 below OP (17.5%) — verified capital gain from purchase
- 7.55% gross yield — exceptional for a 3BR furnished canal view in Business Bay
- Tenancy at AED 185,000/year in place — income from day one, no vacancy gap
- Fully furnished — zero additional investment, complete turn-key asset
- Canal view from mid floor — premium orientation adding rental rate premium and capital value
- 1,640 sq ft — generous 3-bedroom footprint, scarce in Business Bay furnished supply
- Damac Maison management — hotel-grade operations, quality assurance, guest services
- Even buyer’s all-in is approximately AED 488,770 below seller’s original total cost
- Freehold — available to all nationalities worldwide
Frequently Asked Questions
What is the distress price and saving versus the original price?
The distress price is AED 2,450,000. The original purchase price was AED 2,970,000 — saving AED 520,000 (17.5% below OP). Including the seller’s estimated DLD of approximately AED 118,800, the seller’s total cost was approximately AED 3,088,800. The saving versus the seller’s total cost is approximately AED 638,800 (20.7%). The buyer’s own all-in (SP + DLD + agency = approximately AED 2,600,030) is still approximately AED 488,770 below the seller’s original total cost.
What is the current rental income and what yield does it represent?
The property is currently rented at AED 185,000 per annum. At the asking price of AED 2,450,000, this represents a gross yield of 7.55% — an exceptional figure for a 3-bedroom fully furnished canal view apartment in Business Bay. On the buyer’s estimated total all-in cost of approximately AED 2,600,030, the gross yield is approximately 7.12%. The tenancy is active and the buyer inherits the rental income from the day of the Dubai Land Department transfer.
Does the buyer inherit the existing tenancy?
Yes. Under UAE law, a valid tenancy agreement transfers with the property on ownership change. The incoming buyer acquires the apartment with the existing tenant and rental income in place. The buyer should review the tenancy terms — including the remaining lease period, renewal conditions, and payment schedule — as part of due diligence before completing the transfer. Our team will provide the tenancy agreement for review upon request.
What is Damac Maison and what does its management mean for investors?
Damac Maison is Damac Properties’ dedicated hotel apartment and serviced residence brand — operating its buildings to a hotel-standard of lobby reception, housekeeping, concierge, and facility management. For an investor, a Damac Maison-managed building provides several advantages: professional management of common areas and building services, hotel-quality maintenance protecting the asset’s condition and appeal, and an established brand identity that supports rental demand from both long-term tenants and short-term guests. The Damac Maison brand in Business Bay is well-known among corporate and professional tenants seeking fully managed, furnished residences.
What is the canal view and why does it add value?
The canal view faces the Dubai Canal — the man-made waterway that runs through Business Bay connecting Dubai Creek to the Arabian Gulf. The canal is flanked by the Dubai Canal Promenade, one of the city’s most popular outdoor lifestyle destinations, with waterfront dining, cycling paths, and community spaces. A canal view from a mid floor in Business Bay provides an open, permanent water panorama that commands a rental and resale premium over equivalent units without the water view. Canal-facing units in Business Bay consistently achieve higher rental rates, shorter vacancy periods, and stronger capital appreciation than non-canal equivalents.
What does fully furnished mean and what is included?
The apartment is fully furnished and equipped to the Damac Maison hotel-apartment specification — all furniture, appliances, kitchenware, soft furnishings, and fittings are included. The incoming buyer receives a completely turn-key asset: no purchases, no setup, and no interior investment required. The current tenant is occupying the property at AED 185,000 per year on the existing furnished basis. Full inventory of included furnishings available on request.
What are the total costs for the buyer?
Based on the purchase price of AED 2,450,000: DLD transfer fee 4% (AED 98,000), DLD admin (approximately AED 580), agency commission 2% plus VAT (approximately AED 51,450). Total estimated all-in approximately AED 2,600,030. Service charge and any property management fee details for Damac Maison Cour Jardin available on request.
Can all nationalities purchase this apartment?
Yes. Business Bay is a designated freehold area in Dubai, permitting property ownership by all nationalities worldwide — both UAE residents and non-residents. There are no nationality restrictions on purchasing in Damac Maison Cour Jardin.
What is the net yield after service charges and management fees?
The gross yield is AED 185,000 / AED 2,450,000 = 7.55%. Net yield after service charge and any management fees depends on the specific service charge rate for this unit in Damac Maison Cour Jardin and whether a property management fee applies. Service charge rates for Damac Maison buildings in Business Bay are available from Damac and will be disclosed as part of due diligence. Our team will provide the complete service charge and management cost breakdown on request to allow the buyer to calculate their net yield precisely.
How do I arrange a viewing or proceed with this purchase?
Contact our team immediately via phone, email, or WhatsApp. We will provide the tenancy agreement, rental payment history, title deed, floor plan, service charge details, and all due diligence documentation on request. Viewings are available subject to tenant cooperation and notice requirements. With AED 520,000 below OP and a 7.55% gross yield on a fully furnished 3-bedroom canal view in Business Bay, this is one of the most complete distress investment propositions in the market. Early engagement is strongly advised.
Floor Plan
Floor Plan — 3 Bedroom | Canal View | Mid Floor | Damac Maison Cour Jardin, Business Bay, Dubai
This 3-bedroom apartment in Damac Maison Cour Jardin spans 1,640 sq ft on a mid floor with a direct Dubai Canal view. The Damac Maison furnishing specification for this building delivers a complete hotel-apartment standard interior across all rooms — furniture, appliances, kitchen equipment, soft furnishings, and bathroom accessories. The layout delivers three bedroom suites with bathroom access, a generous living and dining area, a fully fitted kitchen, and the balcony or terrace with the canal view as the apartment's primary lifestyle asset. At 1,640 sq ft with 3 bedrooms and a canal view, this is a large and premium footprint for a Business Bay furnished apartment — significantly above the market average 3-bedroom size in the district — providing the current tenant and any future tenant with a generously proportioned and hotel-quality furnished home. The full floor plan — with room-by-room dimensions, bathroom layout, kitchen configuration, balcony area, and exact unit position within Damac Maison Cour Jardin — is available on request from our team or directly from Damac.
Payment_Plan
| Milestone | Payment% |
|---|---|
| Down_Payment | On Request |
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