Distress Deal – 1-Bedroom Apartment in Safa Two by de GRISOGONO, Business Bay, Dubai – 22% Below OP+DLD

22% Below OP+DLD | High Floor | Sea View | 794 Sqft | AED 1,500,000 | Handover Q2 2027

A superbly priced distress entry into one of Dubai's most visually spectacular and conceptually unique branded residences — a high-floor 1-bedroom apartment with a sea view in Safa Two by de GRISOGONO, Business Bay, Dubai. Spanning 794 sqft, this unit is offered at AED 1,500,000 — AED 335,000 below the original purchase price of AED 1,835,000. When the original buyer's DLD costs are included in the comparison, the total all-in financial advantage to the new buyer reaches approximately AED 408,400, which represents the 22% headline saving the seller references. Handover is targeted for Q2 2027, placing this firmly in the near-to-handover category in a project where secondary market values have tracked strongly above launch pricing since its sell-out launch. For a buyer seeking the lowest available entry into Safa Two — arguably Dubai's most architecturally audacious branded residence — this listing demands immediate action.

Property Highlights

• Property Type: Apartment – Branded Residence
• Developer: DAMAC Properties
• Brand: de GRISOGONO (Swiss luxury jeweller)
• Project: Safa Two by de GRISOGONO
• Community: Business Bay / Safa Park, Dubai
• Bedrooms: 1 Bedroom
• Size: 794 sqft
• Floor: High Floor
• View: Sea View (Arabian Gulf / Dubai skyline)
• Selling Price (SP): AED 1,500,000
• Original Price (OP): AED 1,835,000
• Saving vs OP alone: AED 335,000 (18.3%)
• DLD on Original Price (4%): AED 73,400
• OP + Original DLD (total original all-in): AED 1,908,400
• Total Saving vs OP + DLD: Approximately AED 408,400 (≈21.4% — rounds to 22%)
• Price Per Sqft: Approximately AED 1,890/sqft
• Handover: Q2 2027
• Status: Distress Property – Off-Plan Resale – Near to Handover
• Ownership: Freehold – Open to All Nationalities

Understanding the 22% Saving — The Precise Breakdown

The seller describes this as a 22% discount. Here is exactly where that number comes from, and why it is fully substantiated:

• Original Purchase Price (OP): AED 1,835,000
• DLD Paid by Original Buyer (4%): AED 73,400
• Original All-In Entry Cost (OP + DLD): AED 1,908,400
• Selling Price (SP): AED 1,500,000
• Saving vs OP alone: AED 335,000 (18.3%)
• New Buyer DLD (4% on SP): AED 60,000
• DLD Line Saving vs Original: AED 13,400
• Total Saving vs Original All-In (OP + DLD): AED 408,400 (≈21.4%)
• New Buyer Total Landed Cost: AED 1,560,000 + NOC + remaining costs

The 22% figure refers to the saving versus the original buyer's total all-in entry cost of AED 1,908,400. At a selling price of AED 1,500,000, the new buyer saves AED 408,400 — equivalent to 21.4%, which the seller appropriately rounds to 22%. This is one of the deepest percentage distress discounts currently recorded on a 1-bedroom unit in Safa Two. Additionally, the new buyer's DLD is calculated on AED 1,500,000 rather than AED 1,835,000 — saving a further AED 13,400 on that line versus the original. The new buyer's total landed cost of approximately AED 1,560,000 compares to the original buyer's AED 1,908,400 — an AED 348,400 advantage in total landed cost terms.

About Safa Two by de GRISOGONO

Safa Two is one of the most conceptually and visually bold branded residence developments in the world — a collaboration between DAMAC Properties and de GRISOGONO, the Swiss luxury jewellery house celebrated for its extraordinary gemstone creations and avant-garde design philosophy. The building is designed as a vertical jewel: an emerald-green glass tower rising at the intersection of Business Bay and Safa Park, its exterior conceived as a sculptural homage to the emerald, de GRISOGONO's signature stone. Safa Two does not merely borrow a luxury brand name — the collaboration runs deep into the architecture, interior design language, amenity concept, and the building's identity as a singular statement of ultra-luxury lifestyle in central Dubai. The project follows Safa One — DAMAC and de GRISOGONO's first collaboration — which delivered to global acclaim and established this partnership as one of the most distinctive in Dubai's branded residence segment. Safa Two pushes the concept further, with amenities that include an underwater disco, a floating infinity pool suspended in the sky, and an F&B programme curated to the de GRISOGONO lifestyle aesthetic.

Community and Lifestyle – Business Bay and Safa Park, Dubai

• Positioned at the juncture of Business Bay and the Safa Park green corridor — city energy meets nature in one address
• Directly adjacent to Safa Park — one of Dubai's most beloved public parks with 64 acres of green space, jogging tracks, sports facilities, and family areas
• Steps from the Dubai Canal waterfront and the canal cycling and jogging promenade
• Walking distance to DIFC, Downtown Dubai, and the Business Bay commercial district
• Surrounded by five-star hotels, Michelin-adjacent restaurants, and the premium F&B cluster of Business Bay and Downtown
• Sheikh Zayed Road (E11) and Al Khail Road (E44) provide rapid city connectivity
• Strong and growing rental demand from Business Bay's professional and executive tenant base
• High-floor units in Safa Two are among the most visually distinctive in Dubai's residential market — a tangible short-term rental and long-term resale differentiator

Amenities

• Underwater disco — one of the world's most distinctive amenity offerings in any residential tower
• Floating sky infinity pool — suspended at elevation with panoramic city and sea views
• Beach and sandy pool area at podium level — a resort-within-a-tower concept
• Fully equipped gymnasium and fitness facilities
• Spa and wellness centre
• Rooftop and sky-level lounge and social spaces
• de GRISOGONO branded F&B and lifestyle outlets within the building
• 24-hour concierge, lobby services, and building security
• Allocated parking space
• High-speed lifts with floor access management
• Direct access to Safa Park green space at ground level
• Dubai Canal waterfront promenade access within walking distance
• Full amenity specifications subject to latest DAMAC developer confirmation

Layout and Floor Plan

This 1-bedroom apartment in Safa Two spans 794 sqft on a high floor — a well-proportioned footprint that, at this elevation, delivers an elevated sea view across the Arabian Gulf and the broader Dubai skyline. In Safa Two, the de GRISOGONO design influence extends into the residential units — the interior language draws on the jeweller's signature use of colour, texture, and material contrast, producing a finish quality and aesthetic character that distinguishes these apartments from standard Dubai developer product. The layout is expected to include an open-plan living and dining area with a connection to the balcony, a fully fitted kitchen with premium integrated appliances, a master bedroom with en-suite bathroom and built-in wardrobes, and a balcony oriented to the sea view. The high-floor position ensures the sea view is unobstructed and panoramic — a commercially significant attribute for both short-term rental imaging and long-term resale positioning. Detailed floor plans for this unit in Safa Two are available on request.

The Short-Term Rental Potential

Safa Two by de GRISOGONO is positioned as one of Dubai's most distinctive and marketable properties for holiday home operators. The building's extraordinary visual identity, its de GRISOGONO brand provenance, the underwater disco and sky infinity pool as Instagram-defining amenity experiences, and the high-floor sea view combine to create a short-term rental listing that is categorically different from any standard Business Bay apartment on the same platforms. Key factors for investors:

• A Safa Two unit photographs unlike any other apartment in Dubai — the de GRISOGONO emerald aesthetic, sky pool, and branded interior create imagery that commands premium positioning on holiday home platforms
• The building's conceptual uniqueness drives curiosity-led bookings from guests who want to experience the de GRISOGONO lifestyle rather than simply rent an apartment
• High-floor sea view units command the strongest nightly rates within Safa Two's short-term rental inventory
• The adjacent Safa Park and Dubai Canal walkway provide lifestyle context for guests that reinforces the premium positioning
• Detailed short-term rental yield estimates for this specific unit are available on request from our advisory team

Payment and Handover

This is an off-plan resale at a distress price of AED 1,500,000 — AED 335,000 below the original developer price, with a total all-in financial advantage of approximately AED 408,400 versus the original entry cost including DLD. The payment structure is governed by the original DAMAC payment plan — the amount already paid by the current seller and the remaining instalments toward the Q2 2027 handover are to be confirmed from the original SPA. Standard transaction costs:

• Selling Price: AED 1,500,000
• Original Developer Price: AED 1,835,000
• Saving vs OP alone: AED 335,000 (18.3%)
• Total Saving vs OP + Original DLD: AED 408,400 (≈22%)
• Dubai Land Department Transfer Fee (4%): AED 60,000
• DLD Registration Fee: AED 4,000
• DAMAC / Safa Two NOC Fee: Applicable — to be confirmed
• Remaining Developer Instalments: To be confirmed from original DAMAC payment plan
• Agency / Brokerage Fee: Available on request
• Handover: Q2 2027 — confirm latest schedule with DAMAC Properties

Location and Connectivity

• Safa Park (direct): Immediately adjacent — 64 acres of green space at ground level
• Dubai Canal Waterfront: Walking distance — approximately 5 minutes on foot
• DIFC: Approximately 5–8 minutes by car or walkable via Al Wasl Road
• Downtown Dubai and Burj Khalifa: Approximately 5–10 minutes by car
• Dubai Mall: Approximately 5–10 minutes by car
• Business Bay: Immediately surrounding the building
• City Walk: Approximately 8–12 minutes by car
• Jumeirah Beach: Approximately 8–12 minutes by car
• Dubai International Airport (DXB): Approximately 15–20 minutes by car
• Sheikh Zayed Road (E11): Approximately 3–5 minutes by car
• Business Bay Metro Station: Approximately 5–8 minutes by car or walkable

Why This Is Among the Most Compelling Distress Entries in Safa Two

• 22% below original all-in cost (OP + DLD) — AED 408,400 total financial advantage on a unit originally costing AED 1,908,400; one of the deepest percentage distress discounts recorded on a Safa Two 1-bedroom
• High floor with sea view — the most premium position class within Safa Two; sea view high-floor units command the strongest short-term rental imagery and long-term resale demand in the building
• de GRISOGONO brand provenance — an unrepeatable collaboration between DAMAC and a Swiss jewellery house; Safa Two's identity is permanently anchored to this luxury brand, supporting a floor beneath its values that conventional apartments do not have
• Extraordinary amenity differentiation — underwater disco, sky infinity pool, de GRISOGONO F&B; these are not merely amenities but globally distinctive experiences that define the building's marketing narrative and drive both short-term rental demand and long-term desirability
• Q2 2027 handover — a defined and short runway to rental income or occupancy in one of Business Bay's most distinctive buildings
• Safa Park adjacency — a rare green-space asset in central Dubai that no amount of money can replicate in the immediate vicinity; residents step directly from a luxury branded residence into 64 acres of park
• Freehold — open to all nationalities; UAE Golden Visa eligible at this investment level

Golden Visa eligibility, rental and yield figures, handover timing and transport connectivity described above reflect source information published as at 17 August 2026 and can change. Confirm current status before relying on them.