2BR APARTMENT CANAL RESIDENCE
2BR + 3BA · 1,856 sqft · Canal Residence
★ Golden VisaVerified 2h ago
Now
AED 2.73M
AED 1,471
Price / sqft
1,856 sqft
Built-up area
2BR + 3BA
24d
On market
vs 89d median
AED 14,072
Mortgage est.
25y · 6% · 20% down
II · THE THESIS
DEAL SCORE PENDINGWHY THIS IS A DEAL
01
HEADLINE · COMPOSITE
SCORE BREAKDOWN
Awaiting first price event to compute score.
Insider unlocks the four evidence rows below.
Motivation · Negotiability · Below median · Every section below
INPUTS
4 signals + relist
WEIGHTS
Drop 35 · Neg 25 · Med 20 · Conf 10 · Relist 10
COMPS
47 comps · 3× daily
BENCHMARK
Al Reem Island, last 180d
REFRESH
3× daily
IV · CASHFLOW
UAE CB GUIDELINES · YOUR ASSUMPTIONSMORTGAGE · RENT · BREAK-EVEN
YOUR ASSUMPTIONS
Down payment20%
15%40%
Interest rate6.00%
3.50%8.00%
Term25 yr
15 yr30 yr
UAE CB caps · 25-yr tenor · 80% LTV on a first home ≤ AED 5M · rates vary by bank — drag the sliders
MONTHLY · NOW
AED 14K
vs AED 14K at pre-drop price (AED 2.73M) · See cuts ↓
DOWN PAYMENT
AED 546K
20% of price
DLD FEE
AED 109K
4% of price
MORTGAGE REG
AED 6K
0.25% loan + 290
CASH TO CLOSE
AED 661K
Day-one out-of-pocket
LOAN AMOUNT
AED 2.18M
25y · 6.00%
TOTAL INTEREST
AED 2.04M
Over full term
RENT VS BUY
RENT · ESTIMATE
AED 14K
/ mo · ~6% gross yield
BUY · NOW
AED 14K
+AED 422 / mo
Your monthly cost is already higher than the rent estimate — the buy vs rent break-even leans on price appreciation rather than monthly cash flow.
STRESS TEST
AT VARIOUS RATESIf rates climb to 8%, your payment grows by ~AED 3K/mo.
V · COMPARABLES
AL REEM ISLAND · 2BR · ACTIVEVALUE · 15 COMPS
VALUE HEADLINE
AED 1,471 /sqft-7%
vs area median AED 1,589 /sqft · 14 comps
RANK
6 / 15
MID/HIGH RANGE
OUR TAKE
★ UnderpricedPRICE × SIZE · DROP-WEIGHTED
DOT SIZE = DROP %AED / SQFT · DISTRIBUTION
BREAKDOWN · 14 LISTINGS
MORE EXPENSIVE /SQFT
9
64% of comps
CHEAPER /SQFT
5
See table
MEDIAN DOM
—
this listing: —
NEW THIS WEEK
—
Last 7 days
ListingPriceSizeAED/sqftDrop %DOMΔ vs this
This listingThisAED 2.73M1,8561,471———LOW PREMIUM · High Floor 2BR+M · Closed KitchenAED 3.00M2,8641,047——-29%Super-Hot Deal: Perfect 3BHK Duplex in Prime LocationAED 3.60M2,7981,287——-13%Closed Kitchen · AmenitiesAED 1.40M1,0371,350——-8%1BHKAED 800K5831,372−5.9%—-7%1BHK · Canal View · High FloorAED 780K5391,447——-2%TAKEAWAYOf 14 comparables, 9 are more expensive per sqft. The 5 cheaper ones are a mix of smaller units and older buildings.
Unlock all comparables · AED 199 / mo
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