1 Bedroom Corner Sea View Apartment in DAMAC Bay Tower C, Dubai Harbour

Property Overview

This one-bedroom corner apartment in DAMAC Bay Tower C, Dubai Harbour, is offered as a distress resale at AED 2,800,000. The agent compares this with the seller's original price plus DLD of AED 3,584,880, a gap of AED 784,880 or 21.9%. The 829 sq ft unit sits between floors 10 and 20 with a full sea view and is listed for Q4 2027 handover.

Property Highlights

• Property type: Apartment
• Bedrooms: 1
• Built-up area: 829 sq ft
• Asking price: AED 2,800,000
• Original price including DLD: AED 3,584,880 (agent-stated)
• Saving vs OP plus DLD: AED 784,880 (21.9%)
• Estimated saving vs OP before DLD: approx. AED 647,000 (18.8%)
• Price per sq ft: approx. AED 3,378 (calculated)
• Position: Corner unit (agent-stated)
• Floor: Between floors 10 and 20 (agent-stated)
• View: Full sea view (agent-stated)
• Handover: Q4 2027 (agent-stated)
• Seller: Motivated (agent-stated)
• Developer: DAMAC Properties

Why the Price Qualifies as Below OP

The agent states the seller's original cost including the 4% DLD fee was AED 3,584,880 and that the asking price is 21.9% below it. DPF's calculation confirms this: AED 3,584,880 minus AED 2,800,000 is AED 784,880, or 21.9%.

Removing the DLD fee gives an estimated original purchase price of approximately AED 3,447,000. Against that estimate, the asking price is about AED 647,000 or 18.8% lower, so the unit remains below OP on either measure.

Calculation

• AED 3,584,880 minus AED 2,800,000 = AED 784,880 (21.9% below OP plus DLD)
• AED 3,584,880 / 1.04 = approx. AED 3,447,000 estimated OP before DLD
• AED 3,447,000 minus AED 2,800,000 = approx. AED 647,000 (18.8% below estimated OP)
• AED 2,800,000 / 829 sq ft = approx. AED 3,378 per sq ft

The original price comes from the agent's resale brief. DPF has not reviewed the seller's SPA.

About the Project, Developer and Community

DAMAC Bay is a multi-tower waterfront residential project by DAMAC Properties at Dubai Harbour, between Dubai Marina and Palm Jumeirah. Dubai Harbour offers beachfront access, a marina, a waterfront promenade and retail and leisure areas.

Layout, Floor and View

The agent confirms a one-bedroom corner layout of 829 sq ft on a floor between 10 and 20 with a full sea view. The exact floor, bathroom count and parking allocation were not supplied and should be confirmed from the SPA and floor plan.

Payment Plan and Handover

The agent lists handover as Q4 2027. The payment plan and amount paid were not supplied. Buyers should confirm the remaining balance, instalment schedule, handover date and DAMAC's resale NOC requirements against the seller's SPA.

Location and Connectivity

Dubai Harbour sits off Sheikh Zayed Road and King Salman bin Abdulaziz Al Saud Street, with direct road access to Dubai Marina, JBR and Palm Jumeirah. Travel times depend on traffic.

Verification Notes

• Agent-supplied facts: project, Tower C, one bedroom, 829 sq ft BUA, OP plus DLD AED 3,584,880, asking price AED 2,800,000, 21.9% stated discount, corner unit, floor range 10 to 20, full sea view, Q4 2027 handover and motivated seller.
• Calculated by DPF: savings against OP plus DLD, estimated OP before DLD and price per sq ft.
• External context: developer and community overview.
• Not supplied: exact floor, bathrooms, parking, payment plan, amount paid and service charge.