A Smart Investment in Studio

The unit is a 462 sqft studio offered at AED 850,000 (USD 231,608), translating to AED 1,840 per sqft. Internal benchmarks indicate the market median in the district is roughly AED 2,875 per sqft, meaning this price is about 36% under market, creating an attractive price‑gap signal. The internal estimated gross yield of 7.4% is respectable for a studio, though investors should expect net yields 1‑2 points lower after service charges, vacancy and management costs. However, the development is off‑plan, introducing construction‑delay and developer‑credit risk. Almirax Real Estate is not a marquee developer in our database, so credit quality cannot be confirmed without further due‑diligence. The internal overall score (43) and risk index (45) suggest a moderate risk profile. Liquidity may be constrained given the niche studio size and the nascent stage of the project. Overall, the price advantage and yield potential offset the off‑plan uncertainties, positioning the asset as a BUY for investors comfortable with construction risk and who can verify the transaction through the DLD register before committing.

Confirm the transaction details against the Dubai Land Department register and use the 36% price‑per‑sqft gap as a lever to request a further discount. With zero days on market, the seller may be motivated to close quickly; propose a price around AED 1,500 per sqft (≈AED 690,000 total) to test flexibility while keeping the deal within the underpriced sweet spot.

Recent transaction data for Dubai Science Park is unavailable, making any quantitative forecast uncertain. The area's proximity to the science park and ongoing infrastructure initiatives suggest a likely continuation of current market conditions, with limited upside or downside risk.