Fully Furnished 2-Bedroom in Skyhills Residences 1, Dubai Science Park, AED 215,000 Below Agent-Stated Market Value

Property Overview

A fully furnished 2-bedroom apartment in Skyhills Residences 1, Dubai Science Park, Dubai. The built-up area is 1,018 square feet. The asking price is AED 1,635,000, which the agent states is AED 215,000 below a market value of AED 1,850,000, a discount of 11.6%. This is a ready property in a completed building that began handovers in April 2026.

Property Highlights

• Type: 2-bedroom apartment
• Built-up area: 1,018 sq ft
• Furnishing: fully furnished
• Asking price: AED 1,635,000
• Price per square foot: AED 1,606
• Agent-stated market value: AED 1,850,000
• Status: ready (handovers commenced April 2026)

Why the Price Qualifies as Below Market

The selling agent states that comparable units in Skyhills Residences 1 are valued at approximately AED 1,850,000. The asking price of AED 1,635,000 is AED 215,000 lower, representing an 11.6% discount. This qualifies the listing as a Below Market deal on DistressPropertyFinder.com.

The AED 1,850,000 market benchmark is the agent's own assessment and has not been independently verified against dated DLD transaction data or a formal valuation report. Buyers should conduct their own comparable analysis using recent transaction records for Skyhills Residences 1 and similar buildings in Dubai Science Park to verify this benchmark before relying on the stated discount.

About Skyhills Residences 1

Skyhills Residences 1 is a twin-tower residential development in Dubai Science Park, developed by HRE Development (Hijazi Real Estate Development) in partnership with OCTA Properties. The project was designed by QHC Architects and Engineers. It comprises an East tower of 33 storeys and a West tower of 40 storeys, containing a total of 1,142 units. The building offers studios, one-, two- and three-bedroom apartments and three-bedroom duplexes, with sizes ranging from approximately 430 to 2,567 square feet. All units are delivered fully furnished with designer furniture and branded kitchen and bathroom fittings.

HRE Development commenced handovers in April 2026, six months ahead of the originally scheduled Q4 2026 completion date. This was reported by Gulf Business as a notable early delivery milestone and marks HRE Development's first completed residential project as the company transitioned from its original construction business into property development.

Building amenities include a beach pool with sun loungers, a lazy river pool, a lap pool, a kids' pool, a 352-metre jogging track, a beach volleyball court, indoor and outdoor gymnasiums, a yoga deck, a co-working space, an outdoor terrace with BBQ station, spa and sauna rooms and children's play areas.

About HRE Development

HRE Development, also known as Hijazi Real Estate Development, is a Dubai-based developer led by chairman Mohamed Adib Hijazi. The company transitioned from construction into property development with Skyhills Residences 1 as its flagship project. HRE operates a vertically integrated model, handling design, construction and delivery in-house. The company's next project, Sakura Gardens, has been announced as part of its continued expansion.

About Dubai Science Park

Dubai Science Park is a science-focused community within the Al Barsha South 2 district of Dubai, located on Umm Suqeim Street (D63). The area combines commercial developments, research facilities and residential buildings in a mixed-use environment. It is connected to Al Khail Road and Sheikh Mohammed Bin Zayed Road, with Downtown Dubai and Dubai Mall approximately 20 minutes away and Dubai International Airport approximately 30 minutes away. Nearby attractions include Dubai Miracle Garden, Mall of the Emirates, Dubai Hills Golf Course and Dubai Autodrome.

Verification Notes

The asking price, bedroom count, built-up area and furnished status are sourced from the agent brief received on 26 August 2026. The market benchmark of AED 1,850,000 is the agent's own assessment and has not been independently verified against dated DLD transactions or an independent valuation. The savings amount (AED 215,000) and savings percentage (11.6%) are calculated by DistressPropertyFinder.com based on the agent-stated market value. The early handover in April 2026 has been verified against the Gulf Business report from the same month. Building structure, unit count, developer and amenities have been checked against published building guides. Buyers should verify the market benchmark independently using DLD transaction data and confirm all terms before proceeding.