Vacant 1-Bedroom Marina-Skyline-View Apartment at Armada Tower 3, JLT — Below-Market Distress Sale

Property Overview

This is a vacant one-bedroom apartment at Armada Tower 3, a high-rise in JLT Cluster P, Jumeirah Lakes Towers, Dubai. Measuring 846 sq ft with a marina skyline view, it is offered as a below-market distress sale at AED 1,150,000, or about AED 1,359 per sq ft, and is vacant on transfer.

Property Highlights

• Vacant one-bedroom apartment at Armada Tower 3, JLT Cluster P
• 846 sq ft with a marina skyline view
• Vacant on transfer, in a completed lakeside JLT tower
• Rooftop pool, gym and JLT lakeside lifestyle
• Asking price of AED 1,150,000 (approximately AED 1,359 per sq ft)

Deal Classification and Pricing

This is a distress listing classified as Below Market on the agent's and DPF operator's assessment. Against the size of 846 sq ft, the asking price works out to about AED 1,359 per sq ft. A specific dated market comparable was not included in the written brief and is to be recorded on DPF's evidence file; a specific savings percentage is therefore not stated. The agent markets the unit as "below market" with a "marina skyline view" and "vacant on transfer" — agent-supplied claims to be verified.

Layout and View

The brief describes a one-bedroom apartment of 846 sq ft with a marina skyline view. Floor, bathroom count, parking and furnishing were not supplied and should be confirmed, though Armada Tower 3 units include a balcony, attached bathroom and an allocated covered parking space as standard. To keep this listing accurate, no unit-specific details beyond those supplied and standard building features have been added.

About Armada Tower 3, JLT and Armada Group

Armada Tower 3 is one of three high-rise towers forming the Armada Towers complex in Cluster P of Jumeirah Lakes Towers, developed by Armada Group, designed by Adnan Saffarini and completed in 2009. The 36-storey tower offers studio to three-bedroom apartments and penthouses over ground-floor retail, overlooking JLT's man-made lakes and landscaped gardens. Amenities include a rooftop swimming pool, a wading pool, a fully equipped gym, a cafeteria, an outdoor garden, a children's play area, 24-hour concierge and CCTV security, high-speed elevators and covered parking, with the Armada Blue Bay hotel nearby. JLT sits directly off Sheikh Zayed Road, near Dubai Marina, JBR and a metro station.

Sale Type and Terms

This is a ready, vacant apartment offered on the secondary market, vacant on transfer. Service charge and other terms were not supplied in the brief. The sale proceeds by signed Sale and Purchase Agreement (SPA) and standard Dubai Land Department transfer, with vacant possession to the buyer.

Location and Connectivity

Jumeirah Lakes Towers is a mixed-use lakeside community directly off Sheikh Zayed Road, near Dubai Marina and JBR, with its own metro station. Specific drive times were not supplied and are not stated here to avoid unverified claims; buyers should confirm distances to their own key destinations.

Verification Notes

• Agent-supplied facts: one-bedroom apartment, 846 sq ft, marina skyline view, vacant on transfer, AED 1,150,000 asking price.
• Deal classification: Below Market, kept on the agent's assessment; no comparable supplied, so no savings percentage is stated.
• Calculated by DPF: an indicative AED 1,359 per sq ft from the asking price and stated size.
• Researched project facts: developer (Armada Group), Armada Tower 3 sizes, amenities and 2009 completion were taken from market sources because the developer was not supplied.
• The agent's "Below Market | Vacant on Transfer | Marina Skyline View" statement is preserved as an attributed agent marketing claim.