Private Pool · Strategic Location
Dubai Science Park· Verified Network· Ref RS-L-12063682
Listing data verified in the last few hours
A 1‑bed, 2‑bath off‑plan apartment in Dubai Science Park appears significantly underpriced relative to market, but carries typical off‑plan construction and developer risks.
AI Investor Narrative
Why this listing scores the way it does
The unit offers 845 sqft at AED 1,405,640 (USD 383,008), translating to AED 1,663 per sqft. Internal benchmarking shows this price is roughly 39% of the district’s market level, indicating a substantial discount. The location score of 63 reflects a decent strategic position within Dubai Science Park, a hub for knowledge‑based industries, which should support medium‑term demand. The internal overall score of 42 and risk index of 45 suggest moderate attractiveness tempered by uncertainty. As an off‑plan asset with zero days on market, the buyer faces construction‑phase risk and limited liquidity until handover. The developer, Almirax Real Estate, is not among the most established players in the market, adding a developer‑credit consideration. Yield calculations are encouraging: the internal gross yield estimate is 7.3% p.a. After accounting for typical service‑charge, vacancy and management deductions (≈1.0–2.0 ppt), the net yield is likely in the 5.3%–6.3% range, which remains competitive for Dubai’s rental market. Appreciation potential is modest, given the district’s current growth trajectory, but the price discount provides upside if the market stabilises. Overall, the deal’s primary attraction is the price gap, but the investor must verify construction timelines, developer solvency, and the exact DLD transaction record before committing.
Deal signals
- underpriced80/100
internal_priceVsMarket_percent 39 indicates price is about 39% of market level
- off plan discount70/100
status Off-Plan and price per sqft 1663 AED is well below district median derived from internal benchmark
Risk flags
- construction delaymedium
Off‑plan status introduces uncertainty around completion timing
- developer creditmedium
Almirax Real Estate is not a top‑tier developer in the region
- liquiditylow
Off‑plan units have limited secondary‑market activity until handover
Comparables
Negotiation playbook
Anchor the offer on the 60% price‑per‑sqft discount versus the district median (≈AED 4,264/sqft). With zero days on market, the seller may be motivated to close quickly; propose a price around AED 1,200,000 (≈AED 1,420/sqft) while requesting confirmation of the DLD transaction register and a construction‑timeline guarantee.
Verdict
Yield forecast
3-year appreciation
Market pulse · Dubai Science Park
Sentiment +0 · stable
Due to the lack of recent listing data, the outlook for Dubai Science Park remains uncertain. Insufficient information is available to predict trends or sentiment. Further data is needed to assess the residential sub-market's performance.
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SELECTED PROPERTY
Private Pool · Strategic Location
Intel Score: 42/100
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