Urgent Sale | 6.3% Below OP | 2 BR in Palace Residences Creek Blue

Overview of the deal

This is the resale of one 2-bedroom apartment at Palace Residences Creek Blue, an Emaar building in Dubai Creek Harbour (The Lagoons). The owner wants a quicker sale and is asking AED 3,400,000. By the owner's figures, that is AED 229,600, or 6.3%, below the original price plus the 4% DLD fee paid on the first purchase.

Handover is expected in Q1 2029. Like other off-plan properties Dubai buyers take over on resale, it comes with a payment plan still running. Every figure here should be verified at enquiry, as the unit may be reserved or sold before the page is updated.

The unit

• 2 bedrooms, 1,513 sq ft

• Ground floor

• A balcony

• A private garden

The private garden is the feature to note. Most people searching for a 2 bedroom apartment Dubai offers expect a balcony at best; here the ground-floor layout adds outdoor space of its own.

The building and community

Palace Residences Creek Blue sits in The Lagoons part of Dubai Creek Harbour, Emaar's district beside Dubai Creek and a growing name in Dubai real estate. Dubai Creek Harbour apartments appeal to buyers who want a newer master community with one developer behind it. This record has no amenities list, so ask for the specification and floor plan before you commit.

Emaar, established in 1997, is the developer behind Burj Khalifa and The Dubai Mall, a record that buyers following Emaar projects tend to weigh.

Price, discount and payment position

• Original price plus 4% DLD: AED 3,629,600

• Asking price: AED 3,400,000

• Discount: AED 229,600 (6.3%)

Due on transfer, per the owner:

• Payment to the seller: AED 1,653,557

• DLD transfer fee (4% plus AED 40): AED 139,640

• DLD registration trustee fee plus 5% VAT: AED 5,250

• Buyer's agent commission (2% plus 5% VAT): AED 71,400

The total on transfer is AED 1,869,847. After that, the remaining payment plan is:

• 27 December 2026: AED 349,289

• 7 August 2027: AED 349,289

• 16 November 2027: AED 174,644

• 17 March 2028: AED 174,644

• 30 July 2028: AED 349,289

• On handover (31 March 2029): AED 349,288

The remaining balance is AED 1,746,443, for a total buyer cost of AED 3,616,290. The discount is the owner's figure, measured against the original price plus DLD rather than a current valuation, and it should be verified at enquiry. It is not a guaranteed valuation, return or financial advice.

Why this deal and for whom

You buy property in Dubai below the first buyer's cost, and the rest of the price is spread over instalments to 2029. That mix is less usual among apartments for sale in Dubai on resale, where much of the balance is often due at transfer.

• End users who want a garden apartment and can wait until 2029

• Buyers who prefer to pay about half at transfer and the rest in stages

• Those weighing Dubai property investment who accept that rental and resale results are never guaranteed

If a staged payment plan Dubai developers set at launch suits your cash flow, it deserves a closer look.

What happens next

• Contact Mahboob Estate to confirm availability and the current price.

• We confirm with the owner which instalments have been paid.

• You review the developer's statement of account and the floor plan.

• Both sides sign the sale agreement.

• The transfer is completed at the trustee office, and the remaining instalments pass to you.

As a real estate agency Dubai buyers deal with directly, we keep each step in writing. Like other properties for sale in Dubai on resale, this one is only secured once the transfer is done.

FAQ

How is the 6.3% discount worked out?

The owner compares the asking price with the original price plus 4% DLD of AED 3,629,600. Please verify these figures at enquiry.

How much do I pay at transfer?

The owner's breakdown shows AED 1,869,847 at transfer, with AED 1,746,443 following in six instalments.

When is handover?

Handover is expected in Q1 2029, with the final instalment linked to 31 March 2029. Timelines can move, so confirm with Emaar.