Spacious & Modern 1BR · For Sale

The unit is priced at AED 2,000,000 (USD 544,959) for 739 sqft, equating to AED 2,706 per sqft. Internal benchmarks flag the price as roughly 40% of market levels, indicating a sizeable discount. Coupled with an internal gross yield estimate of 7.3%, the cash‑on‑cash return is attractive for a ready‑hand property in a high‑visibility beachfront district. The location score of 65 reflects solid demand drivers such as proximity to the coast, retail, and transport corridors, supporting both rental performance and medium‑term capital appreciation. However, the property has been on the market for 80 days, suggesting the price correction may be ongoing or that buyer appetite for 1‑BR units at this price point is muted. The developer, L V G Real Estate, lacks a public track record in our database, introducing a modest developer‑credit risk. The internal risk index of 34 is moderate, and the overall score of 44 signals that while the deal has upside, it is not without caution. Net yields will be lower than the gross 7.3% after accounting for service charges, vacancy, and management fees, typically reducing the return by 1–2 percentage points.

Anchor the offer on the 40% price‑vs‑market gap and the 80‑day market exposure. Request a price‑per‑sqft reduction of at least 10–15% (≈AED 2,300‑2,400/sqft) and verify the transaction against the DLD register before signing.

Given the absence of recent transaction data, market sentiment remains neutral. The area’s premium beachfront location continues to attract high‑net‑worth buyers, but limited off‑plan activity suggests price movements will be modest. Outlook for the next twelve months is likely to be stable, with any shifts driven by broader Dubai macro‑economic trends.