2BR | Ocean Cove Building 1 | Rashid Yachts & Marina | 12.4% Below Original Price

THE UNIT

A 2-bedroom apartment on 1,285 sqft with a balcony and pool view, positioned on a low floor of Building 1. The size sits at the comfortable end of the 2-bedroom range for the district — a family-usable layout rather than a compressed investor unit, which matters for both end-use and the rental profile after handover.

ABOUT THE PROJECT

Ocean Cove is an Emaar development inside Rashid Yachts & Marina, the masterplan redeveloping the historic Mina Rashid port into a superyacht marina district. The area’s core pitch is waterfront Emaar product at entry pricing well below Emaar Beachfront and Dubai Harbour — the two established benchmarks for Emaar marina-front apartments. Handover of this building is scheduled for Q4 2027.

WHY THE DISCOUNT EXISTS

This is a payment plan exit, the most common distress mechanic in off-plan resale: the seller committed to a construction-linked schedule in a different liquidity situation and is now selling below their own all-in cost to stop future installments.

The discount is verifiable against the registered original price — not against an asking-price average. The buyer benefits twice: entry below original launch cost, and a shortened remaining payment schedule with part of the plan already paid down. Remaining installment structure and paid-to-date share are available on request.

LOCATION

Rashid Yachts & Marina sits between Port Rashid and the mouth of Dubai Creek, roughly 10-15 minutes from Downtown Dubai and DIFC and about 15 minutes from Dubai International Airport — closer to the airport and the central business districts than any other Emaar waterfront masterplan. The district is built around the superyacht marina, a canal pool promenade, and retail and dining along the waterfront.

SERVICE CHARGES

Service charges for the building will be set via the Mollak system closer to handover. Emaar waterfront apartment communities typically run in the range of AED 18-22 per sqft per year; for a 1,285 sqft unit that would translate to approximately AED 23,000-28,000 annually as a planning estimate, to be confirmed once rates are approved.

WHY THIS PROPERTY

A verifiable 12.4% discount against the original registered price on Emaar waterfront stock, with handover far enough out that the remaining schedule stays manageable but close enough that the district’s infrastructure is already rising. Off-plan resales at genuine sub-original pricing in Emaar masterplans move quickly, because the comparable set — same building, same launch — makes the discount easy to prove.

STATUS

Off-plan, handover Q4 2027.