Urgent Sale | 12.4% Below OP | 2 BR in Ocean Cove Building 1

Overview of the deal

The owner of a two-bedroom apartment in Ocean Cove Building 1 wants to sell before completion. The unit is offered at AED 2,480,000. Its original price plus the 4% Dubai Land Department fee came to AED 2,829,724, so the buyer saves AED 349,724, or roughly 12.4%. The building is an Emaar development at Rashid Yachts & Marina in Mina Rashid, and handover is expected in Q4 2027.

In Dubai real estate, an urgent sale usually means the seller values speed over the last dirham. This is a resale of an off-plan unit, so you take over the seller's contract with Emaar along with the payments still due. A discount of this size on one of the new Mina Rashid apartments is worth a careful look.

The unit

It is a two-bedroom layout on a low floor, with a balcony that looks over the pool.

• Type: apartment, 2 bedrooms

• Size: 1,285 sq ft

• Floor: between the 2nd and 5th

• View: pool

• Private balcony

• Status: under construction, handover expected Q4 2027

The building and community

Ocean Cove sits within Rashid Yachts & Marina, the residential and marina district Emaar is developing in Mina Rashid on the old Port Rashid waterfront. Like other Emaar projects in the city, the community is planned around a marina, promenades and shared public space. That places the unit among the waterfront properties Dubai buyers shortlist when they want to live by the water. The building is still under construction, so the finished amenity list should be confirmed against the developer's brochure.

Price, discount and payment position

The figures below come from the seller. The DLD transfer fee is charged on the original price, not the discounted one.

Paid at transfer: AED 1,557,852

• Payment to the seller: AED 1,391,646

• DLD transfer fee (4% of the original price plus AED 40): AED 108,876

• Trustee office fee: AED 5,250

• Buyer's agency commission (2% plus VAT): AED 52,080

Remaining payment plan: AED 1,088,354

• At 40% construction: AED 272,089

• At 60% construction: AED 272,089

• On handover: AED 544,176

All in, the buyer's total cost is AED 2,646,206. Like most off-plan projects Dubai developers sell, the later instalments are tied to construction progress. It works like any payment plan Dubai buyers see on a new launch, with part already paid.

Why this deal and for whom

You pay less than the original buyer did, and you still spread more than a million dirhams over the build period. When you compare apartments for sale in Dubai at a similar stage of construction, the gap between original price and asking price is the real measure of a deal.

For Dubai property investment, the low entry point and the deferred balance are the two numbers that matter. End users get a 2 bedroom apartment Dubai families can grow into. It suits someone who wants to buy property in Dubai with around AED 1.56 million ready now and a plan for the rest. It does not suit anyone who needs to move in before late 2027.

What happens next

• Contact our team to confirm the unit is still available and the price has not changed.

• Review the seller's statement of account from Emaar to check 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 move fast, so a unit can be reserved or withdrawn before this page is updated. As a real estate agency Dubai buyers can call directly, we check every figure with the owner before you commit.

FAQ

Is the 12.4% discount measured against the original price?

It is measured against the original price plus the 4% DLD fee, which together came to AED 2,829,724. The asking price is AED 2,480,000.

How much do I need at transfer?

AED 1,557,852, covering the payment to the seller, the DLD fee, the trustee fee and the agency commission. The remaining AED 1,088,354 follows the construction-linked plan.

When is handover?

Handover is expected in Q4 2027.