Distress Deal: Full-Floor Penthouse in Como Residences, Palm Jumeirah – 360° Sea View | 9,816 sq.ft | AED 54,000,000 - Payment Plan

Payment Plan and Full Pricing – Como Residences Full-Floor Penthouse, Palm Jumeirah

This is a secondary market distress sale with the seller having already funded 70% of the original purchase price. Complete financial summary:

• Original Price (OP): AED 58,500,000
• Asking Price (SP): AED 54,000,000
• Saving vs OP: AED 4,500,000 (approximately 7.7%)
• Price per Sq.ft: AED 5,502 per sq.ft (9,816 sq.ft)
• Already Paid to Developer (70%): Funded by seller — buyer inherits this position

Remaining Obligations for Buyer:

• Instalment 1 — 10% to Developer: AED 5,617,380 — due 30 April 2026
• Instalment 2 — 20% to Developer on Handover: AED 11,234,760 — due Q3 2027
• Total Remaining to Developer: AED 16,852,140
• Implied Payment to Seller: AED 54,000,000 − AED 16,852,140 = approximately AED 37,147,860
• Total Buyer Cost: AED 54,000,000

Additional Transaction Costs:

• DLD Transfer Fee (4%): Approximately AED 2,160,000
• Developer NOC and admin charges — available on request
• Trustee and legal fees — specialist counsel strongly recommended
• Annual service charges — available on request

Given the scale and value of this transaction, specialist independent legal counsel from a UAE real estate attorney is strongly recommended before proceeding. All financial figures should be verified against the original Nakheel SPA documentation. This is a freehold property available to all nationalities.