Urgent Sale | 14.4% Below OP | 2 BR in Marina Place Phase 2

Overview of the deal

This is a resale of a 2 bedroom apartment in Marina Place Phase 2, an Emaar building under construction at Rashid Yachts & Marina in Mina Rashid. The owner wants to sell before handover, expected in Q4 2028, and asks AED 4,350,000. The owner's figures put that 14.4% below the original price plus the 4% DLD fee. The buyer takes over an off-plan contract with part of the price already paid and the rest due on a fixed schedule.

Urgent resales are a small, fast-changing part of the properties for sale in Dubai. Verify the price, availability and payment status with us at enquiry.

The unit

A corner apartment with a private balcony, on a floor between 4 and 9. The exact floor is confirmed on request.

• Type: 2 bedroom apartment

• Size: 1,323 sq ft

• Floor: between 4 and 9

• Corner position with balcony

• Expected handover: Q4 2028

For anyone shortlisting a 2 bedroom apartment Dubai buyers can take over before completion, the corner layout and the dated payments are the points to weigh.

The building and community

Marina Place Phase 2 is part of Rashid Yachts & Marina in Mina Rashid. Mina Rashid apartments are bought for the water, which places this building among the waterfront properties Dubai buyers consider when a marina address matters most.

Emaar, established in 1997, is the developer behind Burj Khalifa and Dubai Mall, and buyers who follow Emaar projects will know it for large master communities. Amenities were not part of the owner's information, so ask us for the developer's specification.

Price, discount and payment position

The owner's sheet gives the original price plus 4% DLD as AED 5,080,284, the selling price as AED 4,350,000 and the discount as AED 730,284 (14.4%). The basis is the original price including DLD, not a valuation or a market price.

Due at transfer, with an owner's total of AED 2,199,593:

• Payment to seller: AED 1,907,557

• DLD transfer fee (4% of original price + AED 40): AED 195,436

• Trustee office fee: AED 5,250

• Buyer's agency commission (2% + VAT): AED 91,350

Remaining instalments, all still ahead as of October 2026:

• 27 April 2027: AED 488,489

• 8 September 2027: AED 488,489

• 24 February 2028: AED 488,489

• On handover (31 December 2028): AED 976,976

The owner lists the remaining plan at AED 2,442,443 and the total cost to the buyer at AED 4,642,036. A resale buyer inherits the payment plan Dubai developers set at launch, so the developer's statement of account confirms what is paid and what is owed.

Why this deal and for whom

An Emaar apartment in a marina setting, priced below the owner's original price plus DLD, with three equal instalments and the largest payment on handover. Among off-plan properties Dubai buyers take over mid-construction, that spacing gives time to plan the cash needed.

It suits end users who want to buy property in Dubai and move in after 2028, and Dubai property investment buyers comfortable with the timelines of off-plan projects Dubai developers are still building. When comparing apartments for sale in Dubai at this stage, ask for the statement of account before you negotiate. We do not forecast rents or resale values; check current Dubai real estate data first.

What happens next

Mahboob Estate is a real estate agency Dubai buyers use for resales like this one. The steps:

• Confirm availability and the asking price with us.

• We obtain the developer's statement of account.

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

• The developer issues its no-objection certificate and the transfer completes at a trustee office.

• Pay the remaining instalments to the developer until handover.

FAQ

What is the 14.4% discount measured against?

The original price plus 4% DLD, given by the owner as AED 5,080,284. It is not a valuation and should be verified at enquiry.

How much is due at transfer?

AED 2,199,593 on the owner's sheet, covering the seller payment, the DLD transfer fee, the trustee office fee and the agency commission.

When is handover expected?

In Q4 2028, with the final AED 976,976 dated 31 December 2028. Check the developer's latest schedule.