2-Bedroom Duplex Penthouse in Samana Waves JVC, AED 665,750 Below Original Price at a 29.4% Discount

Property Overview

A 2-bedroom duplex penthouse in Samana Waves by Samana Developers, District 13, Jumeirah Village Circle (JVC), Dubai. The built-up area is 179.62 square metres (approximately 1,933 square feet). The asking price is AED 1,600,000, which is AED 665,750 below the agent-stated original purchase price of AED 2,265,750, a reduction of 29.4%. This is an off-plan resale with the agent stating a handover of December 2026.

Property Highlights

• Type: 2-bedroom duplex (penthouse designation per agent)
• Built-up area: 179.62 sq m (approximately 1,933 sq ft)
• Asking price: AED 1,600,000
• Price per square foot: AED 828
• Original purchase price: AED 2,265,750
• Saving: AED 665,750 (29.4%)
• Status: off-plan (handover December 2026)

Why the Price Qualifies as Below Original Price

The selling agent has stated an original purchase price of AED 2,265,750 for this unit. The current asking price of AED 1,600,000 is AED 665,750 lower, a reduction of 29.4%. This is a substantial discount and qualifies the listing as a Below OP distress deal on DistressPropertyFinder.com.

A discount of this magnitude on an off-plan resale may indicate significant financial urgency on the part of the seller. The original purchase price has not been independently verified against the buyer's SPA or Oqood registration. Buyers should request the following before committing: documentary proof of the original purchase amount, the full payment schedule showing what has been paid and what remains, confirmation of any NOC requirements from Samana Developers, and the current construction status of the building.

Location Correction

The agent brief listed the location as Al Barsha South. Published building records from Bayut, Property Finder and Propsearch consistently place Samana Waves in District 13 of Jumeirah Village Circle (JVC), Dubai. Samana Developers has completed other projects in the Al Barsha South area (specifically Samana Hills and Samana Greens in Arjan, Al Barsha South 3), but Samana Waves is a separate project located in JVC. For taxonomy accuracy, this listing uses the JVC designation.

Duplex and Penthouse

The agent describes this unit as both a duplex and a penthouse. A duplex is a two-storey apartment within a tower, accessed via an internal staircase. When located on the uppermost floors of a building, duplexes are often designated as penthouses. Samana Waves includes duplexes in its unit mix alongside standard apartments. At 179.62 square metres (1,933 square feet), this is a large unit for the building. Buyers should confirm the exact floor, internal layout, ceiling heights and whether the unit carries a formal penthouse designation in the building's floor plan.

About Samana Waves

Samana Waves is a 27-storey residential building in District 13 of Jumeirah Village Circle, developed by Samana Developers (Samana Holding Ltd). The building contains approximately 213 units offering one- and two-bedroom apartments and duplexes. Selected units include private swimming pools, a signature feature of Samana's residential projects. The architectural consultant is EDMAC Engineering Consultant.

Construction began in July 2022 with an original estimated handover of Q1 2025 according to Propsearch. The agent states a handover of December 2026 for this unit, indicating a significant delay from the original timeline. Buyers should confirm the current construction progress directly with Samana Developers.

Building amenities include a relaxation deck with a large swimming pool and cascading water features, indoor and outdoor gymnasiums, a sauna and steam room, and a children's play area.

About Samana Developers

Samana Developers (Samana Holding Ltd) is a Dubai-based real estate developer led by CEO Imran Farooq. The company is known for resort-style residential projects featuring private swimming pools in individual units. Samana has delivered completed projects including Samana Greens (2021) and Samana Hills (2022) in Arjan, and Samana Golf Avenue in Dubai Studio City. The company has an active development pipeline spanning JVC, Dubailand, Dubai Studio City, Dubai Islands and other locations, with over 40 projects launched to date.

About Jumeirah Village Circle

Jumeirah Village Circle is a freehold master-planned community developed by Nakheel Properties, covering approximately 870 hectares in Dubai. The community is organised into residential districts in a circular layout and is connected to Al Khail Road (E44) and Sheikh Mohammed Bin Zayed Road (E311). JVC offers schools, retail centres including Circle Mall, parks and a range of dining and daily convenience services.

Verification Notes

The asking price, original purchase price, bedroom count, built-up area in square metres (179.62 sq m), duplex and penthouse designation and December 2026 handover date are sourced from the agent brief received on 26 August 2026. The savings amount (AED 665,750) and savings percentage (29.4%) are calculated by DistressPropertyFinder.com. The square footage of 1,933 is converted from the agent's square metre figure. The location has been corrected from Al Barsha South to Jumeirah Village Circle based on published building records. The original purchase price has not been independently verified against SPA or Oqood records. The original estimated handover was Q1 2025 according to Propsearch, and the agent's stated December 2026 handover represents a delay. Buyers should confirm the payment history, outstanding instalments, NOC requirements, construction progress and handover timeline before proceeding with this off-plan resale.