Unit - -In ! Large Layout - Closed Kitchen - Gated Community
Living Legends· Verified Network· Ref RS-L-12321606
Listing data verified in the last few hours
Off‑plan 2‑bed, 3‑bath apartment priced 40% below market with a strong gross yield of ~9.7% offers attractive upside but carries construction‑phase risk.
AI Investor Narrative
Why this listing scores the way it does
The listing scores an internal overall rating of 80, driven primarily by a substantial price discount (‑40% vs market) and a high projected gross yield of 9.7%. The location score of 65 reflects a decent but not premium position within the Living Legends gated community, which is still emerging as a growth corridor in Dubai. The off‑plan status adds a discount factor but also introduces construction‑delay risk, which is reflected in the internal risk index of 44. While the gross yield appears compelling, investors should temper expectations: net yields will be lower after accounting for service charges, vacancy, and management fees—typically 1.0–2.0 percentage points less, implying a realistic net return around 7.5%–8.5%. The absence of comparable transaction data for Living Legends limits confidence in the price positioning, so due diligence on the developer’s track record and the DLD register is essential. Overall, the deal balances a strong price advantage against off‑plan execution risk.
Deal signals
- underpriced80/100
priceVsMarket_percent is -40, indicating the unit is priced 40% below market.
- high yield70/100
internal_estimated_yield is 9.7%, a high gross yield for Dubai apartments.
- off plan discount60/100
status is Off-Plan, which typically carries a discount to completed units.
Risk flags
- construction delaymedium
Off‑plan projects can face timeline overruns.
- developer creditlow
Developer PROHOMES CAPITAL REAL ESTATE has limited public track record.
- liquiditylow
Days on market is 0, but off‑plan units often have limited secondary market activity.
Comparables
Negotiation playbook
Anchor the offer on the 40% price gap versus the district median (priceVsMarket_percent -40) and the fact that the unit has been on market for 0 days, suggesting the seller may be eager to lock in a buyer. Verify the unit's exact price‑per‑sqft against the DLD transaction register before finalising, and use the off‑plan discount as leverage to request a further 5–10% reduction.
Verdict
Yield forecast
3-year appreciation
Market pulse · Living Legends
Sentiment +0 · stable
Living Legends lacks sufficient transaction data to establish reliable pricing, velocity, or sentiment metrics. With zero recent listings in the sample, directional bias cannot be determined. Investors should await accumulation of transactional evidence before forming conviction on this micro-market.
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SELECTED PROPERTY
Unit - -In ! Large Layout - Closed Kitchen - Gated Community
Intel Score: 80/100
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