Urgent Sale | 4.7% Below OP | 3 BR in Park Views Residences B

Overview of the deal

This is a resale of a three-bedroom apartment in Park Views Residences B, a Wasl Properties building in the Wasl 1 development at Al Kifaf, Bur Dubai. The owner wants to sell before completion and asks AED 3,300,000. By the owner's own figures, that is 4.7% below the original price including the 4% DLD fee, which the owner puts at AED 3,461,928. The building is still under construction, and handover is expected in Q4 2026, with 1 December 2026 listed as the completion date.

Resale terms in Dubai real estate change quickly, so verify every price, payment and date here at enquiry. None of it is a valuation or a forecast of returns.

The unit

Families comparing any 3 bedroom apartment Dubai has on the resale market will want the basics first. Here they are, as the owner supplied them:

• Bedrooms: three

• Size: 1,632 sq ft

• Floor: within the 17th to 23rd floor range (exact floor confirmed at enquiry)

• View: community

• Balcony: yes

• Expected handover: Q4 2026

The layout leaves room for a bedroom per child or a home office. The floor plan, finishes and parking allocation have not been supplied, so ask for them before you commit.

The building and community

Park Views Residences B belongs to Wasl 1, a residential development by Wasl Properties in Al Kifaf, part of Bur Dubai. No facility list has been provided for this resale, so request the developer's brochure and the expected service charge if a pool, gym or parking matters to you.

Price, discount and payment position

The owner states the discount on this basis:

• Original price plus 4% DLD: AED 3,461,928

• Selling price: AED 3,300,000

• Discount: AED 161,928 (4.7%)

The buyer pays one amount on transfer and takes over the balance due on handover. Payments on transfer:

• Payment to seller: AED 1,302,734

• DLD transfer fee (4% of the original price + AED 40): AED 133,191

• Trustee office fee: AED 5,250

• Buyer's agency commission (2% + VAT): AED 69,300

That makes AED 1,510,475 on transfer. The remaining plan is a single payment of AED 1,997,266 on handover, and the owner gives the total cost for the buyer as AED 3,507,741. The DLD fee here is based on the original price, not the resale price. As a payment plan Dubai buyers can follow, it is simple: one payment on transfer, one on handover.

Why this deal and for whom

Off-plan properties Dubai buyers pick up on resale usually carry the developer's remaining schedule, as this one does. The appeal is timing: handover is expected within months, and the AED 1,997,266 balance is not due until then. It suits a family that wants three bedrooms in Bur Dubai, or anyone who wants to buy property in Dubai close to completion.

If you treat it as a Dubai property investment, check current market value, service charges and rental demand yourself. This page makes no promise about rent or resale value.

What happens next

The steps usually run in this order:

• We confirm with the owner that the unit is still available at AED 3,300,000.

• You receive the floor plan, exact floor and the developer's statement of account.

• Both sides agree terms and sign a sale agreement.

• The developer approves the transfer, which is completed at a trustee office.

• You pay the balance on handover and receive the keys.

FAQ

What is the 4.7% discount measured against?

Against the original price including the 4% DLD fee, which the owner gives as AED 3,461,928. Verify both figures at enquiry.

Has the building been handed over?

Not yet. Handover is expected in Q4 2026, with the final date set by Wasl Properties.

Who can help me with the purchase?

Mahboob Estate is a real estate agency Dubai buyers can contact to verify this unit and arrange the transfer. If it is reserved first, we can show you other apartments for sale in Dubai and other properties for sale in Dubai.