Urgent Sale | 18.4% Below OP | 3 BR + Maid in Baystar by Vida

Overview of the deal

This is a resale of a three-bedroom apartment with a maid's room at Baystar by Vida, part of Rashid Yachts & Marina in Mina Rashid, developed by Emaar. Handover is scheduled for Q4 2029. The seller asks AED 5,600,000, which the owner states is 18.4% below the original price plus the 4% DLD fee.

As with most off-plan properties Dubai buyers find on the resale market, you step into the seller's contract with the developer, paying part on transfer and the rest in instalments.

The unit

For anyone looking for a 3 bedroom apartment Dubai families can live in day to day, the separate maid's room adds useful flexibility. The floor is given as a range, so ask for the exact unit number at enquiry.

• Bedrooms: 3 plus maid's room

• Size: 1,700 sq ft

• Floor: between levels 10 and 15

• View: full sea, with a balcony

The building and community

Baystar by Vida is an Emaar project at Rashid Yachts & Marina in Mina Rashid. For buyers who want waterfront properties Dubai can offer with a direct sea outlook, the full sea view is the defining feature. Emaar, established in 1997, is the developer behind Burj Khalifa and Dubai Mall, and buyers who follow Emaar projects will know its statement of account and no-objection certificate are central to any resale transfer.

Price, discount and payment position

The owner gives the original price plus the 4% DLD fee as AED 6,865,964 and the selling price as AED 5,600,000, a stated difference of AED 1,265,964, or 18.4%. All figures are the seller's and must be verified at enquiry.

Paid on transfer:

• Payment to the seller: AED 978,682

• DLD transfer fee (4% of the original price plus AED 40): AED 264,116

• Trustee office fee: AED 5,250

• Buyer's agency commission (2% plus VAT): AED 117,600

The total on transfer is AED 1,365,648. The buyer then takes over the remaining instalments:

• 20 October 2026: AED 660,189

• 20 May 2027: AED 660,189

• 24 November 2027: AED 660,188

• 4 May 2028: AED 660,189

• 14 October 2028: AED 660,187

• On handover (31 December 2029): AED 1,320,376

The total remaining payment plan is AED 4,621,318, and the owner states the total cost for the buyer at AED 5,986,966. Unlike a payment plan Dubai developers offer at launch, you join partway through.

Why this deal and for whom

The case rests on a full sea view, a family-sized layout and a price the owner states is below the original cost including DLD. It suits an end user who can manage instalments through 2028, or a buyer interested in Dubai property investment who is comfortable holding through construction, but not anyone who needs to move in soon.

This is not a valuation or a forecast of returns in Dubai real estate. If you are comparing apartments for sale in Dubai, ask us for recent transfer prices among Mina Rashid apartments to judge the price against the market.

What happens next

To buy property in Dubai from an owner before completion, Mahboob Estate takes you through these steps.

• Confirm availability and payment status with our team.

• Review the Emaar agreement and statement of account.

• Sign the memorandum of understanding (Form F).

• Obtain the developer's no-objection certificate.

• Transfer at a trustee office, paying the amounts due.

• Pay the remaining instalments until handover.

As a real estate agency Dubai buyers can call on, we check every figure before you commit.

FAQ

What is the 18.4% discount based on?

The original price plus the 4% DLD fee, given by the owner as AED 6,865,964. It is not a valuation.

Who pays the 20 October 2026 instalment?

That AED 660,189 instalment falls due within days, so confirm at enquiry whether the seller pays it before transfer.

When is handover?

The listing gives Q4 2029, with the handover instalment dated 31 December 2029. Dates on properties for sale in Dubai that are still being built can move, so confirm with the developer.