DISTRESSED SALE! – 2 Bed Corner Unit Apt – 500,000+ AED below value!

Description

This amazing 2 bedroom apartment comes at a huge discount, due to personal circumstances changing for the owner.

Recent comparable evidence on DXB Interact showcases a much smaller 1 bedroom apartment selling for 3 million AED, which was also a distressed sale. We estimate the value for this apartment to be between 4,250,000 AED to 5,000,000 AED. Completion is expected within July 2027.

Located in the prestigious and luxurious area of Blue Waters, Marsa, Dubai. The project is in the prime location of Blue Waters and project titled Blue Waters Bay Building 2. This development sold out over a year ago and so is exclusively available, at a huge and rare discount. It is also a corner unit!

The new buyer will need to cover the 40% payment the owner has already paid (1,436,000 AED), as well as the additional amount above 3,590,000 AED when purchased in February 2023 (amazing deal!). The next payment to the developer will be in May 2024 (345,940 AED) and is the same every 6 months thereafter (X3) until handovers remaining balance of 691,880 AED that can be mortgaged at this point anyway.

We are expecting a lot of immediate interest in this listing, due to the exclusivity and immediate appreciation/profit that the new buyer will be making. It is an opportunity not to be missed and so we advise for serious enquiries to put their offers in sooner rather than later, as the owner is wanting to sell ASAP.

DISTRESSED SALE! - 2 Bed Corner Unit Apt - 500,000+ AED below value!