1-Bedroom Apartment in DAMAC Casa, Dubai Media City with Marina View Below OP

Property Overview

This is a one-bedroom apartment in DAMAC Casa, Dubai Media City, offered as an off-plan resale at AED 2,800,000. The unit has a 947 sq ft built-up area and a marina view. It is priced AED 100,000, or 3.4%, below the agent-stated original price of AED 2,900,000, with expected handover in Q2 2028.

Property Highlights

• Asking price: AED 2,800,000
• Agent-stated original purchase price: AED 2,900,000
• Difference: AED 100,000, or 3.4% below the stated original price
• Built-up area: 947 sq ft
• Price per sq ft: approximately AED 2,957
• Bedrooms: 1
• View: marina
• Expected handover: Q2 2028, as stated by the agent

Why the Price Qualifies as Below OP

The agent brief lists an original price of AED 2,900,000 and a selling price of AED 2,800,000. The difference is AED 100,000, and dividing that by the original price gives 3.4%, rounded to one decimal place. This is a modest discount, so buyers should also compare the per-square-foot rate with recent one-bedroom resales in the same tower.

Payment Structure

The agent describes the payments as AED 1.67 million now and AED 1.23 million until 2028. These two amounts add up to AED 2.9 million, the original price, rather than the AED 2.8 million asking price. The split most likely shows the original payment schedule: an amount already paid and a balance still due to DAMAC before or at handover. If AED 1.67 million has been paid, a buyer would pay the seller about AED 1.57 million and take over the AED 1.23 million balance.

That reading is a DPF interpretation and has not been confirmed. Buyers must obtain the DAMAC statement of account showing the amount paid to date and the remaining installment schedule before making an offer.

About the Project, Developer and Community

DAMAC Casa is a residential tower by DAMAC Properties in Dubai Media City, close to Dubai Marina, Dubai Internet City and Sheikh Zayed Road. Buyers should confirm construction progress, amenities and the current completion date with DAMAC directly.

Layout and View

The agent confirms a one-bedroom apartment with a 947 sq ft built-up area and a marina view. Floor, bathroom count, parking and furnishing were not supplied. Views can vary by floor and orientation, so confirm the view position from the floor plan.

Verification Notes

• Agent-supplied facts: project, bedrooms, built-up area, marina view, payment amounts, handover, original price and asking price.
• Calculated figures: the AED 100,000 difference, 3.4% discount and AED 2,957 per sq ft are DPF calculations from the agent's figures.
• DPF interpretation: the reading of the payment split above is not confirmed by the agent.
• Not supplied: floor, bathrooms, parking and unit number.