Introduction
Dubai offers unique opportunities for real estate investments, especially in distressed properties. These properties, often sold below market value, provide an attractive option for investors and homeowners. Whether you’re looking for a high-rise apartment with breathtaking views or a spacious villa, Dubai’s real estate market has something for everyone. In this article, we will get you through some of the top distressed properties currently for sale in Dubai.
Canal Heights Business Bay
Property Type: Apartment
Area: 457.89 sq. ft.
Property Details:
- Studio
- Bathroom
- Parking space
Balcony: Available
Project: Canal Heights
Starting Price: 1,296,000 AED
Ownership: Freehold
Key Amenities:
- Parking Space
- Balcony
- underwater pearl museum
- Built-in Wardrobes
Canal Heights in Business Bay offers luxurious studio apartments perfect for singles or couples looking to live in Dubai. The freehold property comes with essential amenities like parking, a balcony, and built-in wardrobes. Unique to this project is an underwater pearl museum, adding a touch of exclusivity and culture.
Peninsula Four The Plaza, Peninsula, Business Bay, Dubai
Property Type: Apartment
Area: 831 sqft
Bedrooms: 1
Bathrooms: 1
Balcony: Long
Parking: Available
Expected completion:2026
Starting Price: AED1,854,400
Ownership: freehold.
Key Amenities:
- Swimming Pool
- Gymnasium
- Fitness Studio
- BBQ Areas
- Parking Space
- Manicured Gardens
- Retail Outlets
- Dining Venues
- Boutique Cafes
Peninsula Four The Plaza due to its stunning views of Burj khalifa makes it one of the most desirable properties in Business Bay. The one-bedroom apartment, expected to be completed by 2026, features high-quality finishes and a long balcony. Residents can enjoy top-notch amenities such as a swimming pool, gymnasium, fitness studio, and various dining options within the vicinity
Canal Crown Tower 1, Canal Crown, Business Bay, Dubai
Property Type: Apartment
Size: 822 sqft
Bedrooms: 1
Bathrooms: 1
Balcony size: 175 sqft
Parking: Available
Starting Price: AED 2,164,000
Ownership: Freehold
Key Amenities:
- Infinity Pool
- Spa Pods
- Gym
- Parking
- Long Balcony
- 24-hour Security & Concierge
- Luxiourus Bedroom
Canal Crown Tower 1 is another gem in Business Bay. This one-bedroom apartment consists of a spacious 175 sq. ft. balcony and an infinity pool, offering a lavish lifestyle. The freehold property also includes spa pods, a gym, 24-hour security, and concierge services, ensuring residents’ comfort and safety.
Camelia, DAMAC Hills 2 Dubai
Property Type: Township
Bild up Size:2,070 sqft
Plot: 1,535 sqft
Bedrooms: 3
Bathrooms: 3
Balcony size: Available
Parking: Available
Starting Price:1,600,000
Ownership: Freehold
Key Amenities:
- Laundry Room
- Freehold
- Kids Play Area
- Lawn or Garden
- Gym or Health Club
- Swimming Pool
- Balcony or Terrace
- Luxurious Bedrooms
- Attached Bathrooms
- 2 parking spaces
Camelia in DAMAC Hills 2 offers a perfect family-friendly environment with spacious townhouses. With three bedrooms and three bathrooms, this property provides space and comfort. The amenities include a laundry room, kids play area, lawn or garden, gym, swimming pool, and two parking spaces, making it an ideal choice for families.
Lucky 2 Residence, JVC District 10, Jumeirah Village Circle (JVC), Dubai
Property Type: Studio Apartment
Size: 422 sqft
Bedrooms: 1 studio
Bathrooms: 1
Balcony: 84 sqft
Parking: Available
Starting Price: AED530,000
Ownership: Freehold
Key Amenities:
- Playing Area
- 24 Hour Security
- High-Speed Elevators
- Parking slot
- Spa
- Lush Garden
- Parks
- Healthcare Service
- Centrally Air-Conditioned
- Double Glazed Windows
- Balcony or Terrace
- Lobby in Building
- Reception/Waiting Room
- Swimming Pool
- Gym or Health Club
- Swimming Pool Security Staff
- CCTV Security
- Shared Kitchen
- ATM Facility
Lucky 2 Residence in Jumeirah Village Circle (JVC) offers a budget-friendly option with a studio apartment starting at AED 530,000. The property features high-speed elevators, a spa, a lush garden, and 24-hour security. It’s perfect for young professionals or investors looking for a rental property with a high return on investment.
Golf Residences by Fortimo, Dubai Hills Estate, Dubai
Property Type: Apartment
Size: 1,547 sqft
Bedrooms: 2
Bathrooms: 3
Balcony size: 544 sqft
Parking: Available
Starting Price: AED2,800,000
Ownership: Freehold
Key Amenities:
- Kids Play Area
- Swimming Pool
- Health Club
- Gym
- Luxurious Rooms
- Well equipped kitchen
- CCTV Security
- Parking space
- Long balcony
Golf Residences by Fortimo in Dubai Hills Estate offers luxurious two-bedroom apartments with stunning views and high-end amenities. The property features a long balcony, kids play area, swimming pool, health club, and gym. With a spacious 1,547 sq. ft. apartment and a 544 sq. ft. balcony, this property provides a perfect blend of luxury and comfort.
Oceanz 1, Oceanz by the Danube, Dubai Maritime City, Dubai
Property Type: Apartment
Furnishing: Furnished
Size: 1,184 sqft
Bedrooms: 2
Bathrooms: 3
Balcony size: 346 sqft
Parking: Available
Starting Price: AED 2,800,000
Ownership: Freehold
Key Amenities:
- Balcony
- Luxurious bedrooms
- Maid’s room
- Gym
- Centrally Air conditioned
- Play Area
- Parking space
Oceanz 1 in Dubai Maritime City offers a furnished two-bedroom apartment with a 346 sq. ft. balcony and three bathrooms. The property includes luxurious bedrooms, a maid’s room, and a gym. Its prime location and high-end amenities make it an excellent choice for those seeking a luxurious lifestyle.
Villas Hillcrest, Dubai Hills Estate, Dubai
Property Type: Villa
Size: 9,918 sqft
Bedrooms: 5
Bathrooms: 6
Balcony size: yes
Starting Price: AED 26,999,900
Ownership: Freehold
Key Amenities:
- 5 Bedrooms
- Modern Type
- Premium and high-end finishing
- A few Minutes Away from Dubai Hills Mall
- Yoga & Activity Decks
- Jogging Track
- Basketball
- Volleyball Court
- Parking space
Villas Hillcrest in Dubai Hills Estate offers a five-bedroom villa with premium and high-end finishes. The villa features modern amenities like yoga and activity decks, a jogging track, basketball and volleyball courts, and proximity to Dubai Hills Mall. This luxurious property is perfect for large families seeking a premium lifestyle.
Conclusion
In conclusion, Dubai’s real estate market offers a variety of distressed properties. From studio apartments to spacious villas, each property comes with unique features and amenities that enhance the living experience. Whether you’re an investor looking for a profitable deal or a homebuyer seeking a luxurious lifestyle, Dubai’s distressed properties provide a variety of opportunities.
Frequently Asked Questions
Q. What is a distressed property?
A distressed property is typically sold below market value, often due to financial difficulties faced by the owner, such as foreclosure or the need to quickly liquidate assets.
Q. Why invest in distressed properties in Dubai?
Investing in distressed properties in Dubai can offer significant savings and the potential for high returns on investment. These properties are often priced lower than market value, providing an excellent opportunity for investors.
Q. What are the risks of buying distressed properties?
Risks include potential issues with the property’s condition, legal complications, and the possibility of longer times to close the deal. It is essential to conduct thorough due diligence before purchasing.
Q. Are there financing options available for distressed properties?
Yes, various financing options are available, including mortgages and loans specifically designed for distressed properties. It’s advisable to consult with financial institutions or mortgage brokers to explore these options.
Q. How can I find distressed properties in Dubai?
Distressed properties can be found through real estate listings, auctions, bank foreclosures, and working with real estate agents who specialize in distressed properties.
