CORNER | WATERFRONT | PIER POINT 1, RASHID YACHTS & MARINA | PREMIUM UNIT | -10% BELOW OP

THE OPPORTUNITY

A direct-from-owner resale of a premium corner three-bedroom apartment in Pier Point 1, priced AED 537,930 below the original developer price of AED 5,387,930.

The current owner is motivated to exit and has priced the unit for a fast transfer.

Around 40 percent of the price is already paid to Emaar with no outstanding dues, so the incoming buyer steps into a clean, current position and continues the remaining plan through to handover. At exactly 40 percent paid, the unit is at the level Emaar requires for a resale transfer, so it can move now.

PAYMENT POSITION

• Original developer price: AED 5,387,930
• Asking price: AED 4,850,000, ten percent below original
• Paid to Emaar to date, 40 percent: AED 2,155,172
• Remaining to Emaar, 60 percent: AED 3,232,758, on construction milestones to October 2028

To step in now: approximately AED 1,617,000 to the current owner for the paid-up equity at the discounted price, plus Emaar transfer and DLD registration fees. The balance is paid directly to Emaar on the existing milestone schedule, so no single lump sum is required today.

THE RESIDENCE

A corner three-bedroom residence in Emaar’s Type A.1 layout, built around a curved, fully glazed living and dining room that opens onto a wide wraparound terrace of roughly 6.3 by 5.6 metres — the signature of this line.

The master suite has its own balcony, a walk-in wardrobe and en-suite bathroom, while a separate study, two further bedrooms, three bathrooms, a fitted kitchen and a laundry room complete the plan. Internal area is 1,423 sq ft with an additional 248 sq ft of balcony, for 1,672 sq ft in total, delivered to Emaar’s standard waterfront finishing at handover.

THE COMMUNITY

Rashid Yachts & Marina, formerly Mina Rashid, is Emaar’s waterfront masterplan built along historic Port Rashid, arranged around a working yacht marina, a promenade of waterfront dining and retail, landscaped parks and one of Dubai’s longest swimmable canals. It sits close to Sheikh Zayed Road, roughly fifteen minutes from Dubai International Airport and twenty from Downtown Dubai, bridging old Dubai and the modern waterfront.

HANDOVER

October 2028, per Emaar’s construction-linked schedule.

SERVICE CHARGES

Service charges commence at handover and are not yet levied on off-plan units.

For comparable Emaar waterfront apartments the rate typically runs around AED 16 to 20 per sq ft per year; on this 1,672 sq ft unit that is roughly AED 27,000 to 33,000 per year once occupied.

The exact figure follows the annual budget approved through the Mollak system at handover and should be verified against that approved budget before completion.