Zakri
For sale

Palace Villas Ostra

The Oasis, Dubai

Property details
Villa6
Built up area
12,959 sqft
Plot
15,000 sqft
Below contracted price
15.9%
Ref no.
ZK-OSTRA-001

AED 22,500,000

A six bedroom Emaar villa facing the lagoon in The Oasis, offered at AED 4.25 million below what it was contracted at, with 40 per cent already paid to the developer.

This is a position rather than a house. The villa is a Palace Villas Ostra six bedroom with basement, the chamfer type, on a 15,000 sqft plot in Emaar's Oasis masterplan, and it is being sold by its original buyer before completion rather than by Emaar. What is being bought is their contract.

The case is the gap between the two prices. It was contracted at AED 26,750,000 and is offered at AED 22,500,000, which is AED 4,250,000 or 15.9 per cent below the price Emaar wrote. That difference is the seller's loss, not a discount from the developer: Emaar is still owed the balance of the original figure on the original dates, and the buyer inherits that schedule unchanged.

What makes the price checkable is that Emaar is still selling the same villa. Nine six bedroom Ostra villas have gone in the last seven months at between AED 25,682,366 and AED 28,590,888, averaging AED 26,934,480, and the most recent of them, in January, was the dearest. Every one was a primary sale from the developer. Nothing in the cluster has resold, so this position is not priced against other people's exits; it is priced under the developer's own counter, and under all nine of them.

Four instalments of ten per cent have been settled, so 40 per cent of the contract price is already with Emaar. The next payment is not due until April 2027, and the remaining sixty per cent runs against construction milestones to a final twenty per cent on completion. A buyer stepping in now takes a position that is nearly half paid and has eighteen months before the next cheque.

The villa is 12,959 sqft over four levels on Emaar's own drawing: a 2,810 sqft basement, 3,518 sqft at ground, 3,256 sqft on the first floor and a 694 sqft roof floor, with 1,990 sqft of terraces and balconies and a carport. It faces the lagoon directly, which inside The Oasis is the frontage that is not reproducible.

Nothing shown here is a photograph, because nothing is built. The exterior is Emaar's own render of the type, the cluster plan is theirs too and shows where the chamfered six bedroom villas sit against the lagoon and the urban canals, and the floor plan is the drawing every area above is read from. Handover is Q4 2029.

The position

15.9%

Below the contracted price

AED 4,250,000 under what Emaar wrote

AED 6,450,000

Payable to the seller

At transfer, before costs

40%

Already paid to the developer

AED 10,700,000 of the contract settled

What the price is made of

Paid to the sellerAED 6,450,000
Still owed to EmaarAED 16,050,000
Asking priceAED 22,500,000

The seller has AED 10,700,000 in and takes AED 6,450,000 out, so the AED 4,250,000 difference is their loss rather than a reduction in what Emaar is owed.

On top of the price

DLD transfer fee, 4%AED 900,000
Emaar transfer and NOC feeOn application
Trustee office feeOn application

Emaar’s payment plan

DueMilestoneShareAmountStatus
24 Mar 20251st instalment10%AED 2,675,000Paid
1 Jun 20252nd instalment10%AED 2,675,000Paid
1 Jan 20263rd instalment10%AED 2,675,000Paid
1 Jul 20264th instalment10%AED 2,675,000Paid
3 Apr 202720% construction10%AED 2,675,000Due
16 Dec 202740% construction10%AED 2,675,000Due
16 May 202860% construction10%AED 2,675,000Due
16 Dec 202880% construction10%AED 2,675,000Due
30 Sep 2029100% construction20%AED 5,350,000Due

The next instalment falls on 3 Apr 2027. Handover is Q4 2029.

What the same villa has sold for

9 six bedroom Ostra villas have changed hands between AED 25,682,366 and AED 28,590,888, averaging AED 26,934,480. This one is asked at AED 22,500,000, which is under every one of them.

VillaSoldPlotBuilt upPrice, AEDPer sqft, AED
No. 3632 Jan 202615,22312,77728,590,8882,238
No. 4303 Dec 202514,65112,95926,663,8882,058
No. 3656 Aug 202515,21712,77726,645,6522,085
No. 796 Aug 202521,63612,77727,343,8882,140
No. 42928 Jul 202514,63912,95927,435,9702,117
No. 42516 Jul 202514,63912,77725,682,3662,010
No. 3539 Jul 202516,06812,95926,400,8882,037
No. 4262 Jul 202514,33512,77726,531,8882,077
No. 5325 Jun 202519,62312,77727,114,8882,122

Every one of these was sold by Emaar rather than resold. Nothing in Palace Villas Ostra has traded twice, so there is no secondary market to read a premium off, and the only evidence of value is what the developer itself has been getting.

Figures for Palace Villas Ostra are taken from Emaar’s own contract and payment schedule. The transfer costs are the buyer’s and are quoted by the trustee office on the day, so they are shown here rather than folded into the price.

Specification

  • Six bedrooms, with basement
  • Palace Villas Ostra, chamfer type
  • Basement, 2,810 sqft
  • Ground floor, 3,518 sqft
  • First floor, 3,256 sqft
  • Roof floor, 694 sqft
  • Terraces and balconies, 1,990 sqft
  • Carport, 687 sqft
  • 15,000 sqft plot
  • Directly facing the lagoon
  • Private pool
  • Swimmable lagoon
  • Urban canals through the clusters
  • Community centre and retail
  • Jumaa mosque and a local mosque
  • Public pool, sports courts and playgrounds
  • Fitness stations and a dog park
  • Gated, with two guarded entrances
  • Sold by the original buyer, before completion
  • 40% of the contract price already paid
  • Next instalment not due until April 2027
  • Emaar payment plan inherited unchanged
  • Handover Q4 2029

Disclaimer: all sizes listed are approximate and based on the documentation provided at the time of listing the property. Exact unit and plot sizes may vary from what is presented above.

Get in touch

Najeeb Zakri

Najeeb Zakri

Investment Advisor

Listed office

Zakri Real Estate Investment Advisory

Business Bay, Sheikh Zayed RoadDubai, United Arab Emirates

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