Safa Two — De Grisogono (Aykon City 3, Tower D) | 2BR Business Bay | 17% below OP+DLD combined (AED

• Property: 2-Bedroom Apartment | High Floor | DAMAC Safa Two — De Grisogono (Aykon City 3, Tower D)
• Location: Business Bay, Sheikh Zayed Road Border, Dubai
• Size: 1,154 sq ft (107.2 sqm) | Semi-Furnished | 1 Parking | High Floor
• View: Stunning Sheikh Zayed Road & City Skyline
• Asking Price: AED 2,100,000 — 17% below original cost
• Market Position: AED 500,000 below current market value (AED 2,600,000)
• Payment: 55% already paid by seller (AED 1,401,400) | Buyer assumes 45% balance (AED 1,146,600) at handover
• Handover: Q4 2027
• Developer: DAMAC Properties
• Reference: SAFA-TWO-GRISOGONO-BB-2BR-DISTRESS-001

Why This Business Bay Apartment Is a Rare Opportunity

This isn't your typical property listing. It's a verified distress sale from a motivated seller who needs to exit quickly for personal liquidity reasons — not because of market concerns or project issues. Located in Safa Two by De Grisogono (also known as Aykon City 3, Tower D), this 2-bedroom apartment in Business Bay represents one of the few genuine below-cost opportunities in Dubai's current market. Here's what makes this deal exceptional: The seller originally purchased this unit for AED 2,548,000 and has already paid 55% (AED 1,401,400) to DAMAC Properties. To secure immediate cash, they're willing to transfer at AED 2,100,000 — that's AED 448,000 below their original purchase price. As a buyer, you're stepping in at AED 1,820 per square foot. Compare that to the current Business Bay market average of AED 2,253 per square foot, or new off-plan launches pricing at AED 3,600 per square foot. You're looking at immediate unrealized equity of AED 500,000 the moment you sign.

The Numbers That Matter

Investment Breakdown:

• Purchase Price: AED 2,100,000
• DLD Transfer Fee (4%): AED 84,000
• NOC & Transfer Fees: ~AED 5,000–6,500
• Total Upfront Investment: ~AED 2,189,500
• Balance at Handover (Q4 2027): AED 1,146,600

Rental Potential: Similar 2-bedroom apartments in Business Bay with Sheikh Zayed Road views are currently renting for AED 150,000 to AED 200,000 annually. At the mid-range estimate of AED 173,000 per year, you're looking at a gross rental yield of 8.2% — significantly higher than Downtown Dubai properties at 5.0-5.5%. After accounting for annual service charges (approximately AED 23,080), your net yield remains strong at around 7.1%.

About Safa Two — De Grisogono

Safa Two is the second tower in DAMAC's collaboration with Swiss luxury jeweller De Grisogono. The building features:

• Iconic ruby-red facade inspired by De Grisogono's signature design
• Prime location on Sheikh Zayed Road / Business Bay border
• High-rise luxury positioning in Dubai's central business district
• Sky pools, fully equipped gym, 24-hour concierge and security
• Smart home technology and high-speed lifts
• Kids' play area, BBQ zones, yoga and meditation deck

Location Highlights:

• DIFC: 5 minutes
• Downtown Dubai & Dubai Mall: 5 minutes
• City Walk: 3 minutes
• Business Bay Metro: 1 km
• Dubai International Airport: 15 km

Why Business Bay in 2026?

Business Bay recorded 11,600 DLD transactions in 2025, up 18% year-on-year. This growth is driven by:

• Central location between Downtown Dubai, DIFC, and Dubai Marina
• Proximity to major business hubs and leisure destinations
• Strong rental demand from expat professionals
• Active secondary market providing excellent exit liquidity

Dubai's total residential transaction volume in 2025 reached 205,100 sales worth AED 539.9 billion — up 18.3% year-on-year (DLD / Knight Frank data). This confirms the structural strength of Dubai's property market.

Understanding the Seller's Situation

This is a genuine liquidity-driven sale. The seller has committed AED 1,401,400 (55% of the original price) but needs immediate cash for personal reasons. Rather than wait until Q4 2027 handover, they're accepting a AED 448,000 loss to exit now. You benefit from their urgency. All payment receipts, SPA documentation, and DAMAC NOC confirmations are available for verified buyers through DistressPropertyFinder.com.

Transfer Process — How It Works

Timeline: 3-6 weeks from MOU to completion

1. Express Interest (Day 0): Contact DistressPropertyFinder.com with reference SAFA-TWO-GRISOGONO-BB-2BR-DISTRESS-001
2. Documentation Review (Day 1–3): Receive full SPA, payment receipts, floor plans, title extract
3. Sign MOU (Day 3–7): Execute MOU with 10% deposit (AED 210,000) held in DLD-registered escrow
4. DAMAC NOC (Day 7–17): Obtain No Objection Certificate from DAMAC (5-10 business days, fee ~AED 5-6.5K)
5. Novation Agreement (Day 15–20): Sign SPA with DAMAC, seller, and buyer — you become the registered purchaser
6. DLD Registration (Day 17–22): Pay 4% DLD fee (AED 84,000) and complete title deed transfer
7. Final Payment (Day 17–22): Transfer balance to seller (AED 953,400, with deposit credited)
8. Hold to Handover: Prepare for Q4 2027 handover payment of AED 1,146,600 to DAMAC

DistressPropertyFinder.com manages the entire process end-to-end.

Who Should Buy This Property?

1. The Value Investor You're looking for below-replacement-cost entry into Dubai's property market. At AED 1,820 per square foot versus market pricing of AED 2,253 (or AED 3,600 for new launches), you're securing AED 500,000 in day-one equity. The 8.2% gross yield outperforms most European prime residential markets at 2-4%. 2. The End-User Buyer If you're currently renting a 2-bedroom in Business Bay for AED 150,000-200,000 per year, ownership at AED 2,184,000 (including DLD fees) makes financial sense within 18-24 months. High floor with Sheikh Zayed Road and city skyline views adds lifestyle value beyond pure numbers. 3. The Portfolio Diversifier You already own Dubai property and want Business Bay exposure at below-replacement cost. DAMAC's institutional brand ensures strong exit liquidity. The AED 500,000 built-in equity provides a safety margin against any short-term market adjustments.

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.