Urgent Sale | 14.3% Below OP | 2 BR in Altan

Overview of the deal

The owner of a two-bedroom corner apartment in Altan, an Emaar building at Dubai Creek Harbour (The Lagoons), needs to sell before completion. The asking price is AED 3,000,000. The original price plus the 4% Dubai Land Department fee came to AED 3,502,719, so the buyer saves AED 502,719, or roughly 14.3%. Handover is expected in 2029.

In Dubai real estate, an urgent sale usually means the seller values speed over the last dirham. This is the resale of an off-plan unit, so you take over the seller's contract with Emaar and the instalments still to come. For anyone comparing Dubai Creek Harbour apartments, a discount combined with a long remaining plan is unusual.

The unit

Corner units get light from two sides, and this one sits high enough to look across the creek towards the city.

• Type: apartment, 2 bedrooms

• Size: 1,453 sq ft

• Floor: between the 17th and 20th

• Views: Creek, Downtown Dubai and Meydan

• Corner position with a private balcony

• Status: under construction, handover expected 2029

The building and community

Dubai Creek Harbour is the master community Emaar is building beside Ras Al Khor, across the water from the older districts of the city. Altan stands in The Lagoons part of the development. Among Emaar projects, this is the community built most closely around the creek itself, which puts it among the waterfront properties Dubai buyers follow most closely. Altan is still under construction, so the final amenity list should be checked against the developer's brochure.

Price, discount and payment position

The figures below are the seller's. The DLD transfer fee is charged on the original price rather than the discounted one.

Paid at transfer: AED 1,182,278

• Payment to the seller: AED 979,268

• DLD transfer fee (4% of the original price plus AED 40): AED 134,760

• Trustee office fee: AED 5,250

• Buyer's agency commission (2% plus VAT): AED 63,000

Remaining payment plan: AED 2,020,732

• February 2027: AED 336,789

• October 2027: AED 336,789

• March 2028: AED 336,789

• October 2028: AED 336,789

• July 2029: AED 673,576

The buyer's total cost is AED 3,203,010. Like most off-plan projects Dubai developers sell, the balance is paid in stages. Here about two thirds of the price stays deferred for more than two years, which is rare for a payment plan Dubai sellers offer on a discounted resale.

Why this deal and for whom

You enter below the original buyer's cost and defer most of the price until the building is finished. When you compare apartments for sale in Dubai at a similar stage, the gap between original price and asking price is the real measure of a deal.

For Dubai property investment, the lower entry, the corner layout and the high floor are the points to weigh. For an end user, it is a 2 bedroom apartment Dubai professionals can live in close to Downtown once complete. It suits someone who wants to buy property in Dubai with around AED 1.18 million available now and a clear plan for the scheduled instalments. It does not suit anyone who needs a home before 2029.

What happens next

• Contact Mahboob Estate to confirm the unit is still available at this price.

• Review the seller's statement of account from Emaar to see exactly what has been paid.

• Agree terms and sign the sale agreement with the seller.

• Obtain the developer's no objection certificate for the resale.

• Complete the transfer at the trustee office and pay the transfer costs listed above.

Urgent properties for sale in Dubai can be reserved or withdrawn before a page is updated. As a real estate agency Dubai investors use for resale deals, we verify the price and payment status with the owner before you sign anything.

FAQ

What is the 14.3% discount measured against?

The original price plus the 4% DLD fee, which together came to AED 3,502,719. The asking price is AED 3,000,000.

How much is due at transfer?

AED 1,182,278, covering the payment to the seller, the DLD fee, the trustee fee and the agency commission. The remaining AED 2,020,732 is paid in five instalments.

When is the next instalment?

The first remaining instalment, AED 336,789, falls in February 2027.