Distress Deal — 3BR Townhouse in Greenway 2, Emaar South | AED 2,750,000 | 6% Below OP+DLD

3-Bedroom Townhouse in Greenway 2, Emaar South — AED 177,500 Below Seller’s All-In Cost

This is a motivated seller exit on an off-plan 3-bedroom townhouse in Greenway 2 by Emaar Properties, Emaar South, Dubai South. The seller paid AED 2,927,500 in total (original price + Dubai Land Department fees) and is now pricing the unit at AED 2,750,000 — absorbing a AED 177,500 loss (6.1%) to liquidate immediately. With 60% of the payment plan already settled with Emaar, the buyer steps into a project that is substantially funded, with only the remaining 40% (approximately AED 1,126,000) to pay through to the May 2028 handover. For investors and end-users seeking a 3BR Greenway 2 Emaar South townhouse at below-cost entry, this is one of the most structurally clean distress opportunities in the community.

Property Highlights

• Project: Greenway 2 by Emaar Properties
• Community: Emaar South, Dubai South, Dubai, UAE
• Type: 3-Bedroom + Maid’s Room Townhouse
• Bedrooms: 3 + Maid’s Room
• Bathrooms: 4
• BUA: 2,446 sq ft
• Plot Area: 1,855 sq ft
• Parking: 2 Covered Carport Spaces
• Handover: May 2028
• Status: Off-Plan Distress Sub-Sale
• Asking Price: AED 2,750,000
• Seller’s Total Cost (OP + DLD): AED 2,927,500
• Seller’s Loss: AED 177,500 (6.1% below all-in cost)
• Price Per Sq Ft (BUA): AED 1,124
• % Already Paid to Emaar: 60% (~AED 1,689,000)
• Remaining Payment Plan (40%): ~AED 1,126,000
• Ownership: Freehold — open to all nationalities
• Developer: Emaar Properties

About Greenway 2 and the Developer

Greenway 2 is the second phase of Emaar Properties’ landmark Greenway townhouse community within Emaar South, a master-planned golf estate in Dubai South. Launched in Q3 2024 following the sell-out success of Greenway Phase 1, Greenway 2 comprises 492 premium townhouses across two architectural styles — Ivy and Ilya — designed for families seeking a resort-quality lifestyle at a rational price point. The 3-bedroom units span 2,446–2,447 sq ft of built-up area on landscaped plots, arranged in private clusters of four to create a balance of community and seclusion. Each unit is a G+1 duplex with a ground floor encompassing an open-plan living and dining area flowing to a private garden terrace, a modern kitchen, powder room, laundry, maid’s room, and a double carport. The first floor houses three en-suite bedrooms and a master suite with walk-in wardrobe. Floor-to-ceiling windows and earth-toned interiors deliver a consistent sense of light and space throughout.

Emaar Properties, the UAE’s largest listed developer and the company behind the Burj Khalifa, Dubai Mall, Dubai Marina, and Arabian Ranches, developed Emaar South as its flagship affordable-luxury golf community — combining the Emaar brand quality standard with entry prices that are materially below central Dubai. Greenway 2 delivers that formula in its most refined townhouse format, benefiting from Emaar’s strong handover track record and its direct relationship with Dubai South as the master developer’s preferred residential partner in this corridor.

Community and Lifestyle

• 18-hole championship golf course at the heart of the Emaar South master plan
• Gated residential clusters with dedicated community pools and parks
• Linear park with jogging and cycling trails running through the development
• Multi-purpose sports courts, skate park, and children’s splash park
• South Village retail hub: grocery, pharmacy, cafes, and daily services
• Proximity to Expo City Dubai — a permanent innovation and events campus
• 5 minutes to Al Maktoum International Airport (future world’s largest airport)
• Family-oriented gated community with controlled access and internal green spaces
• Tree-lined boulevards with autonomous vehicle pathways in the master plan

Amenities

• Community centre with indoor and outdoor recreation facilities
• Adults’ and children’s swimming pools within the Greenway 2 cluster
• Fully equipped gymnasium
• Linear park with jogging and cycling paths
• Children’s play area and toddlers’ splash pad
• Multi-purpose sports courts (basketball, tennis)
• Skate park
• Private landscaped garden terrace per unit (ground floor)
• Double covered carport (2 parking spaces) per townhouse
• 24-hour security and gated community access
• 18-hole championship golf course at the community edge
• Future: K-12 school, mosque, nursery, and premium hotel within Emaar South master plan

Layout and Floor Plan

The 3-bedroom Greenway 2 townhouse spans 2,446 sq ft of built-up area (BUA) across two floors on a 1,855 sq ft landscaped plot. Ground floor: open-plan living and dining extending to a private garden terrace, modern fitted kitchen, powder room, laundry/storage room, maid’s room, and a covered carport for two vehicles. First floor: three en-suite bedrooms plus a master suite with walk-in wardrobe and private balcony. The specific unit’s style (Ivy or Ilya) and exact plot orientation are available on request. Detailed floor plan for this 3-bedroom stack in Greenway 2, Emaar South is available on request.

Payment Plan — What the Buyer Steps Into

• Seller’s Asking Price (Net): AED 2,750,000
• Seller’s Total Investment (OP + DLD paid): AED 2,927,500
• Seller’s Loss: AED 177,500 (6.1%)
• Already Paid to Emaar (60%): ~AED 1,689,000
• Remaining to Emaar (30% construction milestones): ~AED 844,500
• Remaining to Emaar (10% on handover, May 2028): ~AED 281,500
• Total Remaining to Emaar (40%): ~AED 1,126,000
• DLD Transfer Fee (4%, buyer’s cost at sub-sale): ~AED 112,600
• Trustee / Conveyancing: ~AED 4,200
• Total Transfer-Stage Outlay (excl. remaining plan): ~AED 2,866,800
• Total All-In (incl. remaining 40% to Emaar): ~AED 3,992,800

For this off-plan sub-sale, the buyer pays AED 2,750,000 to the seller and simultaneously assumes the seller’s Sales Purchase Agreement (SPA) with Emaar Properties. The MOU records both the transfer of the SPA and the payment to the seller. Emaar Properties issues the NOC once the seller’s outstanding obligations are confirmed as current — typically 7–10 working days. The DLD registers the transfer and the buyer is recorded as the new SPA holder. From that point, the buyer pays the remaining 40% of the original price directly to Emaar — comprising approximately 30% across remaining construction milestone instalments and 10% at handover in May 2028. DistressPropertyFinder.com coordinates all stages from MOU drafting to DLD title issuance.

Pricing Analysis — Why This Is a Distress Deal in 2026

• Asking Price: AED 2,750,000 | AED 1,124/sq ft (BUA)
• Seller’s All-In Cost (OP + DLD): AED 2,927,500
• Seller’s Loss: AED 177,500 (6.1% below cost)
• Greenway 2 Launch Range (3BR): AED 2,720,000+ from developer
• Current Secondary Market (3BR townhouse, Emaar South): AED 2,800,000–3,200,000
• % Paid Already: 60% — buyer takes on only 40% forward exposure
• Emaar South 3BR Townhouse Rental Range: AED 85,000–120,000/yr
• Projected Gross Yield on Ask (post May 2028): 3.1–4.4%
• Emaar South Townhouse Rental Yield: ~5.2–5.7% (area benchmark)
• Al Maktoum Airport Expansion: AED 128 billion investment — 5× current size, 260M passenger capacity

The Greenway 2 distress sale investment case is a clear infrastructure-play with a below-cost entry. The seller is taking a confirmed loss to exit — the buyer acquires at a price that is below the developer’s own launch range, on a project that is 60% funded and on track for May 2028 handover. The macro catalyst driving long-term value in Emaar South is the AED 128 billion Al Maktoum Airport expansion — projected to become the world’s largest airport with 260 million passenger capacity — located just 5–7 minutes from the community by car. As Dubai’s urban footprint moves decisively south, Emaar South sits at the centre of that growth corridor. Greenway 2’s gated golf community format, family-friendly amenities, and Emaar brand underpinning provide the structural quality on which that appreciation thesis rests.

Emaar South — Location and Why It Matters

Emaar South is a master-planned golf estate in Dubai South, jointly developed by Emaar Properties and the Dubai government, located between Emirates Road (E611) and Sheikh Mohammed bin Zayed Road (E311). The community is 5–7 minutes from Al Maktoum International Airport by car — a proximity that is rapidly becoming one of the most consequential location advantages in Dubai real estate as the airport’s AED 128 billion expansion progresses. Expo City Dubai, the permanent successor to the 2020 World Expo and now a year-round innovation, events, and business campus, is 10 minutes away.

The broader Emaar South master plan covers 145 square kilometres and is designed for over 22,700 residential units across apartments, stacked townhouses, standard townhouses, and villas — all clustered around an 18-hole championship golf course. Tree-lined boulevards, pedestrian cycling paths, 25 neighbourhood parks, and an integrated school-mosque-retail-clinic framework make this a fully self-sufficient community at scale. For families and investors who prioritise space, greenery, and long-term infrastructure value over proximity to Dubai’s historic centre, Emaar South is the most compelling offer in Dubai South’s residential portfolio.

Emaar South — Distances and Connectivity

• Al Maktoum International Airport (DWC): 5–7 km (5-minute drive)
• Expo City Dubai: 10 km (10-minute drive)
• Jebel Ali Free Zone (JAFZA): 15 km (20-minute drive)
• Dubai Marina / JBR: 25 km (25-minute drive)
• Mall of the Emirates: 28 km (28-minute drive)
• Palm Jumeirah: 30 km (30-minute drive)
• Downtown Dubai / Burj Khalifa: 35 km (30–35 minutes)
• Dubai International Airport (DXB): 44 km (44-minute drive)
• Abu Dhabi (E11): ~80 km (50-minute drive)
• Public Transport: F55 bus to Expo 2020 Metro Station; E311 and E611 highway access

Why Invest in Greenway 2, Emaar South

• Below-cost distress entry: Seller absorbs AED 177,500 loss — buyer acquires at 6% below all-in OP+DLD cost.
• 60% already funded: Only 40% (~AED 1,126,000) remains payable, reducing buyer capital exposure before May 2028.
• Al Maktoum Airport megaproject: AED 128 billion investment, 5× expansion, 5-minute proximity — the single most powerful long-term capital appreciation driver in western Dubai.
• Emaar brand premium: Consistent delivery track record, strong resale liquidity, and brand-supported rental premiums vs non-Emaar stock in the same area.
• Golf community scarcity: Greenway 2 is a gated townhouse product with private plots and an 18-hole golf course — a format with limited supply and persistent family-buyer demand.
• Freehold for all nationalities: Full DLD title, Golden Visa eligible, open to all international buyers.
• ROI trajectory: 3BR townhouses in Emaar South achieve AED 85,000–120,000/yr in rent. Long-term yield at the asking price is 3.1–4.4%; on total all-in cost the yield improves to approximately 5% as community matures post-2028.

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