Urgent Sale | 13.3% Below OP | 1 BR in Wynwood

Overview of the deal

An owner is selling a 1 bedroom apartment at Wynwood, a project by Imtiaz on Dubai Islands, ahead of handover. The asking price is AED 1,720,000. According to the owner, that is 13.3% below the original price plus 4% DLD, which the owner gives as AED 1,984,284.

The project is under construction and the payment schedule dates handover to 30 September 2027, in Q3 2027. As with any of the off-plan properties Dubai owners resell early, details change quickly. Treat each figure here as the owner's and verify it at enquiry, since the unit may be reserved, repriced or withdrawn.

The unit

For buyers comparing one-bedroom apartments for sale in Dubai, this is a compact layout of approximately 724 sq ft between levels 7 and 12, with a view the owner lists as road and partial canal.

• Type: apartment, 1 bedroom

• Size: 724 sq ft

• Floor: between levels 7 and 12

• View: road and partial canal

• Private balcony

• Handover: Q3 2027

Parking is not mentioned in the owner's details, so confirm it before making an offer.

The building and community

Wynwood is a residential building by Imtiaz on Dubai Islands. The developer describes its focus as fully furnished residences with modern design, smart-living features and quality finishes. Whether this particular unit is delivered furnished is not stated, so check the sale and purchase agreement.

Dubai Islands properties sit in a community still under development, and the canal in this unit's view is part of the water frontage that draws buyers looking at waterfront properties Dubai offers. No building amenities are listed, so ask for the developer's specification.

Price, discount and payment position

The owner's numbers show an original price plus 4% DLD of AED 1,984,284 and a selling price of AED 1,720,000, a stated saving of AED 264,284, or 13.3%. The percentage is measured on that combined figure, not on the original price alone.

Payments due on transfer:

• Payment to seller: AED 766,018

• DLD transfer fee (4% of original price plus AED 40): AED 76,359

• Trustee office fee: AED 5,250

• Buyer's agency commission (2% plus VAT): AED 36,120

The owner totals these at AED 883,747. The remaining developer instalments then follow:

• 15 November 2026: AED 95,398

• 15 February 2027: AED 95,398

• On handover, 30 September 2027: AED 763,186

The owner gives the remaining plan as AED 953,982 and the total buyer cost as AED 1,837,729. No listed date has passed yet.

Why this deal and for whom

A sizeable share of the cost falls on transfer, so the deal suits a buyer with funds ready now who prefers a shorter remaining payment plan Dubai developers usually spread across construction. Compared with off-plan projects Dubai developers are launching, the unit, floor range and price are already known. It can also work for someone who wants a 1 bedroom apartment Dubai Islands is due to hand over in 2027.

Those weighing it as Dubai property investment should compare resale prices of similar properties for sale in Dubai and check rental demand independently. The discount is not a valuation and no return is promised.

What happens next

Mahboob Estate is a real estate agency Dubai buyers use for resale transfers like this one. The process usually runs as follows:

• Confirm availability and the current asking price with our team.

• Check the seller's payment record and the developer's transfer conditions.

• Agree terms and sign the sale agreement.

• Attend the trustee office to complete the transfer and settle the transfer payments.

• Continue the two remaining instalments and the handover payment with the developer.

If this is your first time choosing to buy property in Dubai through a resale, we will walk you through each figure before you sign.

FAQ

Is the 13.3% a market valuation?

No. It is the owner's comparison with the original price plus 4% DLD of AED 1,984,284. Independent value checks are sensible in any Dubai real estate resale.

What is the total cost for the buyer?

The owner states AED 1,837,729: AED 883,747 on transfer and AED 953,982 in remaining instalments.

Does the unit come with parking?

Parking is not listed. Ask at enquiry and get it confirmed in writing.