Four-Bedroom Villa at The Fields, District 11 (Elie Saab), Meydan — Below Original Purchase Cost

Property Overview

This is a four-bedroom villa in The Fields at District 11, Mohammed Bin Rashid City (Meydan), part of the Elie Saab-branded development by G&Co Properties. The villa has a built-up area of 3,700 sqft on a 3,200 sqft plot, is described as a single-row unit with a pool view, and is ready to move in (M3 cluster). It is offered at AED 4,780,000, around 9.8% below the seller's stated total purchase cost of AED 5,297,528, and is listed as a distress sale below original cost.

Property Highlights

• Type: 4-bedroom villa
• Built-up area: 3,700 sqft
• Plot size: 3,200 sqft
• Asking price: AED 4,780,000
• Seller-stated total purchase cost: AED 5,297,528
• Saving vs. stated cost: AED 517,528 (9.8%; agent stated ~10%)
• Rate: AED 1,292 per sqft (on built-up area)
• Position: single row (agent-stated)
• View: pool view (agent-stated)
• Status: ready to move in — M3 cluster (agent-stated)
• Developer: G&Co Properties
• Community: District 11, Mohammed Bin Rashid City (Meydan)

Why the Price Qualifies as Below OP

The classification uses the seller-stated total purchase cost of AED 5,297,528 against the current asking price of AED 4,780,000. The savings amount is AED 517,528, which is 9.8% below the stated cost. The agent described the discount as approximately 10%; the precise calculated figure is 9.8%. On the 3,700 sqft built-up area, the asking price is AED 1,292 per square foot. The benchmark is the seller-stated purchase cost supplied in the brief, not a DLD transaction or a dated market comparison, and DPF has not independently verified it.

About the Project, Developer and Community

The Fields is a gated villa and townhouse development in District 11 of Mohammed Bin Rashid City (Meydan), delivered by G&Co Properties with interiors associated with the Elie Saab brand. Mohammed Bin Rashid City is a master-planned district south of Downtown Dubai, known for low-density villa communities, green space and connectivity via Al Ain Road and Sheikh Mohammed Bin Zayed Road. Community-level and cluster (M3) specifications should be confirmed against the developer's official documentation.

Layout, Plot and View

The agent describes a single-row four-bedroom villa with a pool view, 3,700 sqft built-up on a 3,200 sqft plot, in the M3 cluster. The exact internal layout, number of bathrooms, parking and orientation should be confirmed on the floor plan and in the Sale and Purchase Agreement.

Verification Notes

• Agent-supplied facts: 4-bedroom villa, BUA 3,700 sqft, plot 3,200 sqft, asking price (AED 4,780,000), total purchase cost (AED 5,297,528), single row, pool view, and ready-to-move M3 cluster.
• DPF-calculated figures: savings amount (AED 517,528), savings percentage (9.8%), and price per square foot on BUA (AED 1,292).
• External project research: The Fields at District 11 (MBR City) is confirmed as an Elie Saab-branded development by G&Co Properties; unit-specific facts were not independently verified.
• The AED 5,297,528 figure is described by the agent as total purchase cost and has not been checked against a DLD record; it may include acquisition costs beyond the SPA price.