Urgent Sale | 17.8% Below OP | 1 BR in Ocean Point Tower 2

Overview of the deal

An owner in Ocean Point Tower 2 by Emaar is selling a one-bedroom off-plan apartment quickly. The 805 sq ft unit is listed at AED 1,536,000. According to the seller's figures, that is AED 332,764, or 17.8%, below the original price plus the 4% DLD fee. Handover is expected in July 2028.

Among the off-plan properties Dubai buyers can take over on the secondary market, urgent sales are the ones that move fastest. This unit may already be reserved, sold or repriced, so please treat every figure on this page as something to verify at enquiry.

The unit

What the owner has confirmed:

• 1 bedroom and 1 bathroom
• 805 sq ft
• High floor
• Pool view
• Private balcony
• Dedicated parking
• Expected handover: July 2028

When buyers weigh a 1 bedroom apartment Dubai developers are still building, the view and a parking space often decide it. This one has both.

The building and community

Ocean Point is part of Rashid Yachts & Marina, the marina district at Mina Rashid. It is one of the Emaar projects built around boating and life by the water, and that setting is why Mina Rashid apartments draw both end users and longer-term holders.

For buyers comparing waterfront properties Dubai has under construction, this is a marina address. The amenity list is not in the owner's details, so ask us for the developer's brochure.

Price, discount and payment position

Figures as given by the seller, to be checked against the developer's statement of account before any deposit:

• Original price plus 4% DLD: AED 1,868,764
• Selling price: AED 1,536,000
• Discount stated by the seller: AED 332,764 (17.8%)

On transfer, the buyer pays:

• Payment to the seller: AED 996,935
• DLD transfer fee (4% of the original price plus AED 40): AED 71,916
• Trustee office fee: AED 5,250
• Buyer's agency commission (2% plus VAT): AED 32,256
• Total on transfer: AED 1,106,357

Remaining developer instalments:

• May 2027: AED 179,689
• October 2027: AED 179,689
• On handover (July 2028): AED 179,687

That leaves AED 539,065 still due to the developer and a total cost to the buyer of AED 1,645,422, fees included. This is how a payment plan Dubai off-plan resale usually works: the buyer pays the seller an agreed amount, then takes over the instalments still owed to the developer.

Why this deal and for whom

The seller states a 17.8% gap to the original price and the remaining instalments run to handover. It may suit an end user planning to move in after 2028, or a buyer starting a Dubai property investment who is comfortable with construction timelines.

No rental return or resale gain is promised, and an off-plan unit carries delivery risk until handover. If you are scanning apartments for sale in Dubai on a fixed budget, plan around the cash needed at transfer.

What happens next

Mahboob Estate, a real estate agency Dubai buyers use for resale transfers, follows these steps:

• We confirm with the owner that the unit is still available at this price.
• We obtain the developer's statement of account showing what is paid and due.
• Buyer and seller sign the sale agreement (Form F).
• The developer issues its no objection certificate.
• Transfer at a DLD trustee office, where the fees above are paid.
• The buyer takes over the remaining instalments to handover.

If you plan to buy property in Dubai this way, we recommend paying the seller nothing until the statement of account is checked.

FAQ

Is the 17.8% discount guaranteed?

No. It is the seller's figure, measured against the original price plus the 4% DLD fee. As with all properties for sale in Dubai on the resale market, price and availability can change, so verify both at enquiry.

How much cash is needed at transfer?

According to the seller's breakdown, AED 1,106,357, covering the seller payment, DLD fee, trustee fee and commission. The remaining AED 539,065 goes to the developer in three instalments.

When is handover expected?

July 2028 is the expected date, but construction schedules can move, so check the latest one with Emaar. We can explain how Dubai real estate transfers of off-plan units are recorded.