Studio Apartment in Peace Lagoons, DLRC at 32.2% Below OP on the 14th Floor with Lagoon View

Property Overview

This studio apartment in Peace Lagoons by Peace Homes, Dubai Land Residence Complex, is available as a distress resale at AED 550,000. The unit has a built-up area of 430 sq ft on the 14th floor with a lagoon view. The asking price represents a saving of AED 261,200 (32.2%) against the agent-stated original purchase price of AED 811,200. Handover is expected in Q2 2028.

Property Highlights

• Type: studio apartment
• Built-up area: 430 sq ft
• Floor: 14th
• View: lagoon
• Asking price: AED 550,000
• Original price: AED 811,200
• Saving from OP: AED 261,200 (32.2%)
• Seller total loss including DLD: AED 293,648 (34.8%)
• Rate: AED 1,279 per sq ft
• Handover: Q2 2028
• Status: off-plan resale
• Ownership: freehold

Why the Price Qualifies as Below OP

The agent states the original purchase price for this unit was AED 811,200. The current asking price of AED 550,000 is AED 261,200 lower, a reduction of 32.2% from the original contract value. This is a steep discount, indicating significant seller distress.

The agent's brief describes the discount as 32% below OP. The calculated figure is 32.2% (261,200 / 811,200 = 32.197%).

Seller Total Loss Including DLD

The seller paid a 4% DLD transfer fee on the original purchase, estimated at AED 32,448. Adding this to the original price gives an all-in cost of AED 843,648. The asking price of AED 550,000 represents a total seller loss of AED 293,648, or 34.8% of their total investment. This is one of the deeper losses seen in the current market, suggesting the seller is under considerable pressure to exit.

Market Context

Studio apartments in Peace Lagoons and Peace Lagoons II are currently listed across a wide range:

• Dubizzle listings from approximately AED 520,000
• Bayut: AED 654,000 for a 369 sq ft studio in Peace Lagoons II
• Bayut: AED 750,000 for a 405 sq ft studio in Peace Lagoons (phase 1, lagoon view)
• Bayut: AED 938,559 for a 373 sq ft furnished studio in Peace Lagoons II

At AED 550,000 for 430 sq ft, this listing is at the lower end of the observed range. The AED 1,279 per sq ft rate is competitive, though it should be noted that many listings in the Peace Lagoons development are resales of off-plan contracts at varying stages of payment.

14th Floor with Lagoon View

The agent confirms this unit is on the 14th floor with a lagoon view. Peace Lagoons features a crystal-blue lagoon as a central amenity, and upper-floor units overlooking this lagoon benefit from an open outlook and natural light. The 14th floor in a 17-storey building places the unit near the top of the structure, providing an elevated vantage point over the lagoon and surrounding DLRC landscape.

Project Identification

The agent names the project as Peace Lagoons. Peace Homes has developed two phases in DLRC: Peace Lagoons (phase 1, handover Q2 2027) and Peace Lagoons II (handover Q2 2028). The agent's stated Q2 2028 handover aligns with Peace Lagoons II. The 430 sq ft studio size is larger than the recorded ranges for both phases (369 to 408 sq ft), suggesting this may be a different layout type or that the figure includes the balcony area. Buyers should confirm the exact building, unit type and layout with the seller and Peace Homes.

About Peace Lagoons

Peace Lagoons is a residential development by Peace Homes in Dubai Land Residence Complex. The building is described as a 17-storey tower offering studios, 1-bedroom and 2-bedroom apartments. Studios range from approximately 369 to 430 sq ft, 1-bedroom units from 778 to 858 sq ft and 2-bedroom units from 1,188 to 1,375 sq ft.

The development features a resort-style amenity set including a crystal lagoon, infinity pool, gymnasium, spa with sauna and steam room, yoga and meditation zones, volleyball court, mini golf, bowling, cinema, barbecue area, landscaped gardens, retail mall and 24/7 security with concierge services. Listings note that units include private plunge pools, though this should be confirmed for the specific unit.

Peace Homes is a Dubai-based developer with projects including Peace Lagoons (phases 1 and 2), Peace Avenue in Downtown Jebel Ali, Sky Line in DLRC and Natuzzi Harmony Residences on Dubai Islands.

Location and Connectivity

Dubai Land Residence Complex is a residential community within the Dubailand area of Dubai, positioned near Dubai-Al Ain Road. The development is directly opposite Dubai International Academic City.

• Dubai Silicon Oasis: nearby
• Dubai International Academic City: directly opposite
• Dubai Outlet Mall: nearby
• IMG World of Adventure: nearby
• Dubai-Al Ain Road: direct access

DLRC is part of the broader Dubailand district, which has seen significant development activity with multiple residential communities under construction.

Verification Notes

Unit-specific facts including studio configuration, built-up area of 430 sq ft, 14th floor, lagoon view, asking price, original purchase price and Q2 2028 handover are sourced from the agent's brief received on 30 September 2026. The agent names the project as Peace Lagoons; the Q2 2028 handover aligns with Peace Lagoons II (phase 2) rather than Peace Lagoons phase 1 (Q2 2027 handover). The 430 sq ft BUA is larger than the studio sizes recorded for either phase on Bayut and Property Finder (369 to 408 sq ft), which may indicate a different layout type or inclusion of balcony area in the stated size. The agent states 32% below OP; the calculated figure is 32.2% (261,200 / 811,200 = 32.197%). The total seller loss including the 4% DLD fee is 34.8% of their all-in cost. Studio listings in Peace Lagoons range from approximately AED 520,000 to AED 938,559 across both phases. No DLD studio transaction data was found specifically for Peace Lagoons. Unit number, bathroom count, parking allocation and furnishing status were not stated in the brief and have been omitted. The original purchase price of AED 811,200 should be confirmed against the seller's SPA.