High-floor Downtown opportunity

High-Floor 3BR Opportunity Quick snapshot Location: Downtown DubaiLayout: 3 bedrooms / 4 bathrooms (agent notes also mention maid + study in the type)Size: 2,728 sq ftStatus: Unfurnished (ideal for a full repositioning)Asking price: AED 10,499,950 Asset description (location, layout, amenities, furnishing) This is a high-floor unit in Downtown Dubai, offering the brand equity and scarcity that come with Dubai’s most iconic address. Why This One Works As a “second-market Opportunity” Unfurnished → lets us build a consistent design concept and target a “turnkey premium” buyer segment.Large footprint (2,728 sq ft) → enough volume to make the interior upgrade feel meaningful (not just cosmetic).Multiple wet areas (4 baths) → strong value lift potential when bathrooms are upgraded with cohesive materials and fixtures. The renovation plan (scope + what’s included) We’re working from the contractor estimate for Burj Khalifa – Downtown Dubai that includes: Design: AED 6,576Works & rough materials: AED 234,030Joinery: AED 113,880NOC: AED 1,500Total (ex VAT): AED 355,986Total (inc 5% VAT): AED 373,786 Finishing materials budget (by area) Materials are budgeted separately as a “preliminary cost” list (your selection can shift this up/down). Preliminary Finishing Materials… Room-by-room Finishing Materials (high-level) Foyer & passage: AED 4,697Living & dining: AED 12,984Kitchen: AED 2,479Master bedroom: AED 3,233Guest bedroom: AED 3,058Powder room / master bath / guest bath / maid bath are also itemized (e.g., Master Bathroom AED 19,053, Guest Bathroom AED 11,709, Maid’s Bathroom AED 9,267) Total Finishing Materials Total: AED 76,346VAT 5%: AED 3,817Total (inc 5% VAT): AED 80,163 Financials (global view) Purchase Purchase price: AED 10,499,950Size: 2,728 sq ftIndicative price per sqm: ~AED 41.4k / sqm (converted from sq ft; for analysis only) Renovation + materials Renovation (inc VAT): AED 373,786Orgament - Burj Khalifa - Matte…Finishing materials (inc VAT): AED 80,163Preliminary Finishing Materials…Total renovation + materials: AED 453,949 Administrative fees Notary / transfer fee (given): 2% of purchase price → AED 209,999 (based on the 2% you specified) Other costs (DLD transfer fee, trustee fee, agency fee, NOC/management fees beyond what’s already included, utilities setup, staging, etc.) should be confirmed during due diligence. Total project cost (known items only) AED 11,163,898 (purchase + reno/materials + 2% fee) Duration of the operation (typical) A Clean Timeline Usually Looks Like Due diligence + approvals / NOC (building process driven)Design lock (already budgeted in the contractor scope)Works + joinery + installSnagging + handover Typical execution window: ~24–32 weeks from design lock to handover (can vary based on approvals and material lead times). Resale strategy + ROI (scenario-based) Because resale comps aren’t included in the provided sources, below is a scenario framework you can swap with validated market comparables. Scenario table (gross ROI, before holding costs) Using The Known-cost Base Of AED 11,163,898 Conservative resale: AED 11.80M → ~5.7% gross ROIBase resale: AED 12.20M → ~9.3% gross ROIUpside resale: AED 12.60M → ~12.9% gross ROI How We Justify The Resale Premium (logic) “Turnkey, coherent design” reduces buyer friction (time, uncertainty, contractor risk).Bathrooms + joinery + lighting upgrades usually deliver the most visible uplift (your budgets explicitly prioritize works/rough, joinery, and finishing packages). Conclusion This unit checks the three boxes we want for a second-market play: brand address, large surface area, and an unfurnished baseline that allows a full repositioning. With a clearly scoped renovation budget (works + joinery + NOC) and a separated finishing-materials pack, the underwriting is clean and scalable. ‍ Related Similar Posts Jan 27, 2026 Dubai Marina Duplex Penthouse Learn More