Urgent Sale | 9.2% Below OP | 3 BR in Ocean Star Building 2

Overview of the deal

This is a resale of an off-plan 3-bedroom apartment in Ocean Star Building 2, part of the Rashid Yachts & Marina waterfront community at Mina Rashid. The developer is Emaar, the building is under construction, and handover is scheduled for July 2028. The owner wants to sell within a shorter timeframe and asks AED 3,525,000.

According to the owner, the original price plus the 4% DLD fee was AED 3,883,244, so the asking price is AED 358,244 lower, a stated discount of 9.2%. Verify every figure at enquiry: urgent resale terms can change, and a unit can be reserved or sold before the page is updated.

The unit

The apartment has three bedrooms, a private balcony and a community view. The seller has not specified the floor.

• Type: apartment, 3 bedrooms

• Size: 1,619 sq ft

• View: community

• Balcony: yes

• Scheduled handover: July 2028

If you are comparing each 3 bedroom apartment Dubai has on the resale market, weigh the size, the view and the handover date first.

The building and community

Ocean Star Building 2 is one of the Emaar projects at Rashid Yachts & Marina in Mina Rashid. Emaar Properties was established in 1997 and is the developer behind Burj Khalifa and Dubai Mall. As the building is still going up, buyers judge it on the developer's plans and on construction progress.

Mina Rashid apartments here sit in a waterfront community, so many buyers compare them with other waterfront properties Dubai offers. No amenities list was supplied; ask us for the developer's brochure.

Price, discount and payment position

The owner has published these payments due on transfer:

• Payment to the seller: AED 2,031,445

• DLD transfer fee (4% of the original price plus AED 40): AED 149,396

• Trustee office fee: AED 5,250

• Buyer's agency commission (2% plus VAT): AED 74,025

The total due on transfer is stated as AED 2,260,116. The remaining instalments, stated as AED 1,493,555 in total, follow construction milestones:

• At 40% construction: AED 373,389

• At 60% construction: AED 373,389

• At 80% construction: AED 373,389

• On handover: AED 373,388

The owner puts the total cost for the buyer at AED 3,753,671. Milestone instalments are a common payment plan Dubai developers use for off-plan stock, so ask for the latest construction update before you commit.

Why this deal and for whom

The unit suits a family who wants a three-bedroom home at Mina Rashid and can fund the transfer amount, then the milestones to 2028. It may also interest a buyer weighing Dubai property investment over a longer horizon. Nothing here is a valuation, a promise of return or financial advice.

Among apartments for sale in Dubai offered as urgent resales, this one states its discount in figures, which makes it easier to compare with the developer's current prices.

What happens next

• Enquire, and we confirm availability and price with the owner.

• Review the developer's statement of account to see what has been paid.

• Agree terms and sign a memorandum of understanding.

• Obtain the developer's no-objection certificate.

• Complete the transfer at a trustee office and take over the remaining instalments.

Mahboob Estate is a real estate agency Dubai buyers can call directly, and we check the status with the owner before you commit. Among properties for sale in Dubai, resales like this one need that check more than most, and if you plan to buy property in Dubai this way, it matters more than the headline price.

FAQ

Is the 9.2% discount guaranteed?

No. It is the owner's comparison against the original price plus the 4% DLD fee, not a valuation, and asking prices on Dubai real estate resales can change.

How much do I pay at transfer?

The owner states AED 2,260,116, covering the seller payment, DLD transfer fee, trustee office fee and agency commission.

When is handover?

July 2028 is the scheduled date. Timelines for off-plan properties Dubai buyers purchase can move, so ask the developer for the latest schedule.