Urgent Sale | 16.7% Below OP | Ready & Vacant | 1 BR in Society House

Overview of the deal

This is a resale of a fully furnished one-bedroom apartment in Society House, a completed IGO building in Downtown Dubai, in the Burj Khalifa area. The unit is ready and vacant, so a buyer can take the keys once the transfer is done. The owner asks AED 2,600,000. By the owner's own figures, that is 16.7% below the original price including the 4% DLD fee, which the owner puts at AED 3,120,000.

Deals like this in Dubai real estate can be reserved or repriced at short notice, so verify every figure here at enquiry. None of it is a valuation or a promise of returns.

The unit

For anyone searching for a 1 bedroom apartment Dubai buyers can move into straight away, these are the owner's details:

• Bedrooms: one

• Size: 752 sq ft

• Floor: within the 43rd to 50th floor range (exact floor confirmed at enquiry)

• View: Burj Khalifa

• Balcony: yes

• Furnishing: fully furnished

• Status: ready and vacant

The layout suits one person or a couple, and the furniture comes with the unit, which saves the cost and time of fitting out. Ask for the furniture inventory and floor plan before you agree a price, since neither has been supplied yet.

The building and community

Society House was developed by IGO and is listed as completed. It sits in Downtown Dubai, the district around the Burj Khalifa. Demand for Downtown Dubai apartments comes largely from buyers who want a central address and a view of the tower, and this unit offers both. The building's facility list has not been provided for this resale, so request it along with the current service charge figure before you make an offer.

Price, discount and payment position

The owner states the discount on this basis:

• Original price plus 4% DLD: AED 3,120,000

• Selling price: AED 2,600,000

• Discount: AED 520,000 (16.7%)

As the unit is complete, there is no developer plan to take over. Everything is paid on transfer, and the owner lists the costs as follows:

• Payment to seller: AED 2,600,000

• DLD transfer fee (4% + AED 40): AED 104,040

• Trustee office fee: AED 4,200

• Buyer's agency commission (2% + VAT): AED 54,600

• Title deed fee: AED 580

The owner gives the total cost for the buyer as AED 2,763,420, all due on transfer. If you plan to use a mortgage, arrange approval and the bank's valuation early, because the seller expects full payment at transfer.

Why this deal and for whom

Among ready properties Dubai buyers consider, a vacant unit removes two common delays: waiting for handover and waiting for a tenant to leave. That makes this flat a fit for an end user who wants to live in Downtown Dubai without a construction wait, or for a buyer who wants to buy property in Dubai and use it from the day of transfer.

If you see it as a Dubai property investment, check current market value, service charges and rental demand in the building yourself. This page does not promise any rent or resale value.

What happens next

Ready resales move in a short sequence. With us, the steps are:

• We confirm with the owner that the unit is still available at AED 2,600,000.

• You view the apartment and receive the floor plan, exact floor and furniture inventory.

• Both sides agree terms and sign a sale agreement.

• The seller obtains the developer's no-objection certificate.

• The transfer is completed at a trustee office with the payments listed above, and the keys are handed over.

FAQ

What is the 16.7% discount measured against?

Against the original price including the 4% DLD fee, which the owner gives as AED 3,120,000. Verify both figures at enquiry.

Can I move in straight after the transfer?

Yes. The owner lists the apartment as ready and vacant, and it comes fully furnished.

Who handles the purchase?

Mahboob Estate is a real estate agency Dubai buyers can contact to verify the unit, arrange a viewing and manage the transfer. If it is reserved first, we can show you other apartments for sale in Dubai and other properties for sale in Dubai within your budget.