Distress Deal: Elitz 2 by Danube | Smart 2-Bed | Fully Furnished | Amenities View | 21.4% Below OP | AED 850,000

21.4% Below Original Price | 1-Bed Smart 2-Bed | 2 Bathrooms | 751.21 sq.ft | Fully Furnished | Amenities View | JVC | Post-Handover Plan till 2029

A distress deal at Elitz 2 by Danube, Jumeirah Village Circle — a 1-bedroom smart 2-bed apartment with 2 bathrooms, 751.21 sq.ft, fully furnished, with an amenities view, selling at AED 850,000, approximately 21.4% below the original purchase price of approximately AED 1,081,000. The remaining payment plan extends till 2029, giving the buyer a continued post-handover instalment structure consistent with Danube’s signature 1% monthly payment plan. For a buyer seeking 2-bedroom functionality at a 1-bedroom entry price, in a Danube development in one of JVC’s most amenity-rich towers, this represents a meaningful discount on a furnished, investment-ready unit.

Property Highlights

• Project: Elitz 2 by Danube Properties
• Location: Jumeirah Village Circle (JVC), Dubai
• Type: 1-Bed Smart 2-Bed Apartment
• Bathrooms: 2
• Size: 751.21 sq.ft
• View: Amenities view
• Condition: Fully furnished
• Implied Original Price: Approximately AED 1,081,000
• Selling Price: AED 850,000
• Reduction: Approximately AED 231,000 (21.4%)
• Price per sq.ft (Selling Price): Approximately AED 1,131/sq.ft
• Developer: Danube Properties
• Stated Handover: Q4 2027 per seller — see important note below
• Payment Plan: Remaining instalments till 2029 (post-handover)
• Status: Distressed — Off-plan, post-handover payment ongoing

Important Note on Handover Timeline

The seller has stated a handover of Q4 2027. Published developer and third-party sources originally indicated Q3 2026 as the projected completion date for Elitz 2. A Q4 2027 handover would represent a delay of approximately 12–15 months from the original projection — not uncommon in Dubai’s active off-plan market. The post-handover payment plan extending to 2029 is arithmetically consistent with a Q4 2027 handover under Danube’s typical payment structure. Buyers are advised to verify the current construction status and expected handover timeline directly with Danube Properties as part of due diligence.

21.4% Below Original Price — Understanding This Distress

• Implied original purchase price: Approximately AED 1,081,000 (back-calculated from stated 21.4% discount)
• Current selling price: AED 850,000
• The reduction: Approximately AED 231,000, or 21.4% below the original price
• At AED 1,131/sq.ft, the selling price is a competitive entry rate for a fully furnished smart 2-bed with an amenities view in JVC — particularly in a Danube development with 40+ lifestyle amenities
• The post-handover payment plan: the buyer assumes the remaining instalments under Danube’s payment plan through to 2029. This means the buyer does not pay the full AED 850,000 upfront at transfer — the cost is spread across the remaining plan, reducing the immediate capital requirement
• Buyers are encouraged to verify the original purchase price, the remaining payment schedule, and the total outstanding balance as part of standard due diligence on any resale transaction

The Smart 2-Bed Concept — 2-Bedroom Functionality at a 1-Bedroom Price

Danube’s “smart 2-bed” configuration is one of the developer’s most marketed innovations, and it is central to understanding this unit’s value:

• What smart 2-bed means — a 1-bedroom apartment in Danube’s portfolio is designated “smart 2-bed” when it incorporates a wall-mounted folding bed (murphy bed) or convertible furniture system in the living area that transforms the lounge space into a functional second bedroom when needed. The living room doubles as a second sleeping space on demand, without requiring a permanent second bedroom of the size and footprint a traditional 2-bedroom unit would require
• Why this matters practically — for owner-occupiers, this means a daily open-plan living area that converts to a guest bedroom when family or visitors arrive, without sacrificing lounge space permanently. For investors, this means a unit marketed to tenants as a 2-bedroom (or “smart home”) with the additional rental premium that a second sleeping configuration typically commands versus a standard 1-bedroom
• 2 bathrooms confirm the 2-bedroom intent — a 1-bedroom unit with 2 full bathrooms is specifically designed to support the smart 2-bed lifestyle. The second bathroom serves the convertible second bedroom occupant without requiring them to share the master ensuite — effectively delivering full 2-bedroom household convenience in a 751 sq.ft footprint
• Investment positioning — in JVC’s rental market, a furnished unit marketed and presented as a 2-bed (or smart home) achieves a rental premium over a standard 1-bed, even at the same or similar physical size. Danube’s smart home concept is specifically designed to support this rental positioning

Fully Furnished — Immediate Rental Activation

Danube Properties is widely known for delivering its developments fully furnished — a key part of the developer’s market positioning:

• What fully furnished means — the unit is delivered with furniture, fixtures, and fittings included as part of the original developer package. Beds, sofas, dining sets, kitchen appliances, wardrobes, and decorative elements are part of the unit as purchased — not an additional cost or buyer decision
• Why this matters for investors — a fully furnished unit can be listed for rental the day it is handed over, without the buyer needing to furnish before tenants move in. This eliminates the 4–8 week gap between handover and rental activation that an unfurnished unit typically requires, and the AED 50,000–120,000 furnishing spend it demands
• Why this matters at the distressed price — at AED 850,000 the buyer is acquiring a furnished, ready-to-rent smart 2-bed, not an empty shell requiring additional investment before income generation

Amenities View — Living Facing the Lifestyle Offer

• An amenities view in Elitz 2 places the unit overlooking the development’s resort-style pool decks, landscaped recreation areas, and lifestyle facilities — rather than a road, parking structure, or neighbouring building
• Elitz 2 has over 40 published amenities, including multiple pools, an aquatic gym, a yoga platform, a children’s splash pad, outdoor cinema, and landscaped common areas. An amenities view means the outlook from this unit’s windows and balcony faces these spaces — a pleasant, green, resort-style visual rather than an urban or industrial backdrop
• This view orientation is typically preferred by tenants over a standard road or building-facing view, and can support a modest rental premium

Danube’s 1% Payment Plan — What It Means for This Resale

Danube Properties is known across Dubai’s off-plan market as the originator of the “1% monthly payment plan” — a structure that became a widely adopted payment approach:

• Under Danube’s payment structure for Elitz 2, the plan is typically 10% booking, 39% during construction (in monthly 1% instalments), 16% on handover, and 35% post-handover — the post-handover payments extending approximately 35 months after keys are received
• A buyer of this resale unit will assume the remaining payment obligations under this plan — meaning both any outstanding pre-handover instalments and the post-handover 35% schedule, which in this case extends to 2029
• The full remaining payment schedule and current balance outstanding are available on request and should be confirmed during due diligence

About Elitz 2 and JVC

Elitz 2 by Danube Properties is a twin-tower residential development in Jumeirah Village Circle — comprising towers of 45 and 39 storeys respectively, offering studios, 1, 2, and 3-bedroom apartments and commercial spaces, with over 40 lifestyle amenities. The first Elitz phase sold out on the day of launch, and Elitz 2 continued the Elitz brand’s reputation as one of Danube’s strongest-selling JVC developments.

Elitz 2 Amenities (40+)

• Multiple swimming pools — adult, children’s, and aquatic gym
• Jacuzzi
• Indoor and outdoor gym
• Wall climbing, trampoline, and dance studio
• Cricket pitch, mini golf, badminton, mini basketball, and table tennis
• Jogging track
• Spa, sauna, and relaxation zone
• Open-air yoga platform
• Beauty salon and health bar
• Open-air cinema
• Library and cigar lounge
• Elite café and barbecue areas
• Multipurpose hall and business centre
• Children’s playground, splash pad, and daycare centre
• Cabana seating and recreational zones
• Doctor on call service

JVC Community

• Al Khail Road: direct access — one of Dubai’s main arterial roads
• Sheikh Mohammed Bin Zayed Road (E311): close proximity
• JSS International School: steps from Elitz 2
• Sunmarke School and Nord Anglia International School: nearby
• Circle Mall JVC: within the community
• Mediclinic and Aster Clinic: within JVC
• Downtown Dubai and Dubai Marina: approximately 20 minutes by car
• Dubai International Airport: approximately 30 minutes by car
• Al Maktoum International Airport: approximately 30–35 minutes by car

JVC Investment Case

• Average gross rental yield for 1-bedroom apartments in JVC: approximately 7.6–7.7%
• At AED 850,000 selling price and a rental rate of AED 65,000–80,000/year (for a furnished smart 2-bed), the implied gross yield is 7.6–9.4%
• Strong tenant demand from professionals employed at DMCC Free Zone, Dubai Marina, and Internet City

Layout and Floor Plan

This 1-bed smart 2-bed unit at Elitz 2 spans 751.21 sq.ft with an amenities view and 2 bathrooms. The layout typically accommodates an open plan living and dining area (with smart murphy bed convertible to second bedroom), a fully fitted kitchen, a master bedroom with en-suite bathroom, a second bathroom serving the convertible living area, a balcony, and laundry facilities. All furniture and fittings are included. Detailed floor plan available on request.

Payment and Transfer

This is a distressed resale at AED 850,000, approximately 21.4% below the original purchase price of approximately AED 1,081,000. Remaining payment instalments continue till 2029.

• Selling Price: AED 850,000
• Implied Original Price: Approximately AED 1,081,000
• Discount: Approximately AED 231,000 (~21.4%)
• Condition: Fully furnished
• Status: Off-plan — post-handover payment plan ongoing
• Stated Handover: Q4 2027 per seller — verify with Danube (published completion was Q3 2026)
• Remaining Payment Plan: Buyer assumes all remaining instalments under Danube’s 10/39/16/35 payment structure through to 2029; full balance available on request
• DLD Transfer Fee: Approximately 4% (c. AED 34,000)
• Developer NOC/Assignment Fees: May apply — confirm with Danube
• Mortgage: Subject to bank and developer policy on off-plan resale financing

Location and Connectivity

• Al Khail Road (E44): Direct access from JVC
• Sheikh Mohammed Bin Zayed Road (E311): Close proximity
• DMCC Free Zone and Dubai Marina: Approximately 10–15 minutes by car
• Downtown Dubai and Business Bay: Approximately 20 minutes by car
• Mall of the Emirates: Approximately 15 minutes by car
• Dubai International Airport (DXB): Approximately 30 minutes by car
• Al Maktoum International Airport (DWC): Approximately 30–35 minutes by car

Why Acquire This Unit at AED 850,000

• 21.4% below original price — approximately AED 231,000 below what the seller paid
• Smart 2-bed with 2 bathrooms — 2-bedroom household functionality at a 1-bedroom price point
• Fully furnished — immediate rental activation with no additional furnishing spend
• Amenities view — outlook over Elitz 2’s resort-style facilities rather than a road or neighbouring building
• Post-handover payment plan till 2029 — cost spread across remaining instalments, reducing immediate capital outlay
• Danube Properties — proven track record, 40+ amenities, fully furnished delivery, strong brand recognition among JVC tenants
• JVC location — 7.6–7.7% average gross yield, strong tenant demand from DMCC, Marina, and Internet City workers
• Freehold ownership available to all nationalities

Frequently Asked Questions (FAQs)