Urgent Sale | 7.0% Below OP | 1 BR in Belmore Residences

Overview of the deal

A 1-bedroom apartment at Belmore Residences by Ellington in Bukadra is available as an urgent resale. The seller is asking AED 1,740,000, which is AED 131,821 below the original price plus the 4% DLD fee, a discount of about 7.0%. The building is under construction with completion scheduled for June 2027. This is an off-plan resale, a route in Dubai real estate where you take over the seller's position and continue the remaining instalments with the developer.

Urgent sales come up when an owner needs to exit within a shorter timeframe, which is where the discount comes from. The offer can be reserved, repriced or withdrawn before this page is updated. Confirm every figure with Mahboob Estate, the real estate agency Dubai buyers deal with on this unit.

The unit

The apartment is a 1-bedroom of 846 sq ft. Details from the seller:

• Type: 1-bedroom apartment

• Size: 846 sq ft

• Floor: between the 15th and 20th floor

• View: towards the building's amenities

• Outdoor space: private balcony

• Status: under construction, completion June 2027

At 846 sq ft, this is a comfortable size for a 1 bedroom apartment Dubai buyers can live in themselves or let after completion.

The building and community

Belmore Residences is in Bukadra, part of the wider Meydan area of Dubai. Ellington Properties is a boutique developer whose buildings sit among the luxury apartments Dubai buyers compare. It is known for a design-led approach, attention to detail and premium finishes in its residential communities. Buyers who follow Ellington projects usually choose them for finish quality.

Price, discount and payment position

The numbers below come from the seller and are subject to confirmation:

• Original price plus 4% DLD fee: AED 1,871,821

• Selling price: AED 1,740,000

• Discount: AED 131,821 (7.0%)

Compared with finished apartments for sale in Dubai, the appeal here is the split between paying now and paying later, starting with these amounts on transfer:

• Payment to seller: AED 480,177

• DLD transfer fee (4% of original price + AED 40): AED 72,033

• Trustee office fee: AED 5,250

• Buyer's agency commission (2% + VAT): AED 36,540

Total on transfer: AED 594,000. The balance follows this schedule:

• On or before 240 days: AED 89,991

• On or before 360 days: AED 89,991

• At 30% construction: AED 89,991

• At 40% construction: AED 89,991

• At 50% construction: AED 89,991

• At 60% construction: AED 89,991

• On handover: AED 719,877

The remaining instalments total AED 1,259,823, bringing the total cost for the buyer to AED 1,853,823. The payment plan Dubai developers attach to off-plan units carries over to the new owner, which is why you can enter here with AED 594,000 today.

Why this deal and for whom

This unit suits an end user who wants a new 1-bedroom from a known developer and can wait until 2027 to move in. It also suits anyone focused on Dubai property investment who wants to buy below the original price and defer most of the balance. We do not quote yields or resale values, since both depend on the market at completion.

Most off-plan properties Dubai buyers consider are bought from the developer at launch price. Here you enter below the original price. Among off-plan projects Dubai investors track, a 7% discount in an Ellington building is a clear reason to look closer.

What happens next

An off-plan resale needs the developer's approval and DLD registration. Like other properties for sale in Dubai, it follows a set sequence:

• Confirm availability and the latest figures with the seller through our team.

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

• Obtain the developer's no-objection certificate.

• Complete the transfer at a DLD trustee office and pay the amounts due on transfer.

If you want to buy property in Dubai through a resale like this, the payment history matters as much as the price. Before you pay anything, we check the payment status with the seller and the developer.

FAQ

When is handover?

Our project data lists June 2027. The final date depends on construction progress, and we confirm it when you enquire.

How much do I pay now and how much later?

AED 594,000 is due on transfer. The remaining AED 1,259,823 is paid to the developer in instalments, with AED 719,877 due on handover.

Is the 7% discount guaranteed?

No. The discount compares the selling price with the original price plus the 4% DLD fee, as stated by the seller. Urgent-sale prices can change, so verify it when you enquire.