Branded Tower · Studio · Phpp

The unit is a 461 sqft studio offered off‑plan by Almirax Real Estate at AED 825,000 (USD 224,796), translating to AED 1,790 per sqft. Internal scoring shows a modest overall rating (43) but a high location score (63) and an attractive gross yield estimate of 7.5%. The price‑vs‑market metric (32%) indicates the asking price is roughly one‑third of comparable market levels, suggesting a significant discount. The under‑pricing is reinforced by the internal_priceVsMarket_percent, implying the district median price per sqft is about AED 5,594, making this unit roughly 68% cheaper. Coupled with a gross yield of 7.5% (low 6.5%, high 8.5%), the investment appears income‑positive, though net yields will be lower after service charges, vacancy and management fees (typically 1–2 pts). The Dubai Science Park corridor is seeing gradual demand from tech and logistics tenants, supporting a medium‑term appreciation outlook. Risks stem primarily from its off‑plan status: construction delays are possible, and the developer, Almirax Real Estate, lacks a widely documented track record, adding credit uncertainty. Liquidity may be constrained for a studio in this sub‑market, and the thin comparable data (sampleSize 0) limits confidence in the price gap assessment. Investors should weigh these factors against the price advantage.

Lead with conditions, not price. Ask for service-charge clarity, payment-plan flexibility and any developer cash incentives before discussing a discount.

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.