1-Bedroom Off-Plan Apartment at The Crestmark by Ellington, Business Bay — OP + DLD Covered

Property Overview

This is an off-plan one-bedroom apartment at The Crestmark by Ellington Properties, a waterfront tower on Marasi Drive in Business Bay, set along the Dubai Water Canal. With a stated size of approximately 1,100 sq ft, it is offered at AED 2,850,000 — AED 250,000 below the stated original purchase price of AED 3,100,000 — at an indicative AED 2,591 per sq ft.

Property Highlights

• Off-plan one-bedroom resale at The Crestmark, Business Bay
• Approximately 1,100 sq ft
• Priced below the original purchase price, with the original DLD effectively covered
• Agent-stated full canal waterfront view
• Asking price of AED 2,850,000 (approximately AED 2,591 per sq ft)

Why the Price Qualifies as OP + DLD Covered

The apartment is offered below the price the current owner originally paid, and by enough to cover the Dubai Land Department (DLD) registration fee they incurred:

• Stated original purchase price (OP): AED 3,100,000
• Asking price: AED 2,850,000 — AED 250,000 (about 8.1%) below OP
• Standard 4% DLD fee on the OP: approximately AED 124,000, giving an all-in original cost of about AED 3,224,000
• Against that all-in cost, the resale sits roughly AED 374,000 (about 11.6%) lower

The DLD figure is calculated using the standard 4% Dubai Land Department rate rather than a specific supplied amount, and the original purchase date was not supplied. Buyers should confirm the original purchase price and the exact fees paid against the signed SPA and DLD records. The stated OP is consistent with The Crestmark's one-bedroom launch pricing of around AED 3.06 million, which supports its credibility.

About the Project, Developer and Location

The Crestmark is an off-plan waterfront residential tower by Ellington Properties in Business Bay, comprising 189 studio to three-bedroom apartments and penthouses over a G+3P+18 structure on Marasi Drive, beside the Dubai Water Canal. The building is known for its canal and Business Bay Marina views and Ellington's design-led interiors with home automation. Amenities include leisure and lounge pools, a kids' pool, a fitness studio and Treadwall, an arcade room with mini-bowling, a secret club room, Kidtropolis, indoor and outdoor yoga areas and a BBQ garden. Public sources indicate a handover scheduled for Q1 2026; as this date has passed, buyers should confirm the current handover or ready status with the developer.

Layout and View

The brief describes a one-bedroom apartment of approximately 1,100 sq ft, a size consistent with The Crestmark's one-bedroom range. The agent states a full canal waterfront view; canal-facing outlooks are a project highlight, but the specific unit's view, floor, bathroom count, parking and furnishing were not confirmed and should be verified. The Crestmark's apartments are delivered with kitchen appliances as standard. To keep this listing accurate, no unit-specific details beyond those supplied have been added.

Payment Plan and Handover

This is an off-plan resale, so the buyer takes over the seller's position in the project subject to the developer's transfer process and the signed SPA. The developer's original plan was structured as 20% on booking, 50% during construction and 30% on handover; the amount paid to date, outstanding balance, transfer fees and the current handover date for this unit were not supplied and must be confirmed.

Location and Connectivity

Business Bay is a central mixed-use district with the Dubai Water Canal running through it, adjacent to Downtown Dubai and served by major roads and the metro. 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: apartment type, one bedroom, approximately 1,100 sq ft, off-plan status, AED 2,850,000 asking price, the AED 3,100,000 original purchase price, and an agent-stated full canal view.
• Deal classification: OP + DLD Covered, as supplied by the operator. Calculated by DPF: AED 250,000 (about 8.1%) below OP, and about AED 374,000 (11.6%) below OP plus the standard 4% DLD fee; the exact DLD/fees should be confirmed.
• Calculated by DPF: an indicative AED 2,591 per sq ft from the asking price and stated size.
• Credibility: the stated OP aligns with The Crestmark's one-bedroom launch pricing (around AED 3.06M), unlike an implausible benchmark.
• Researched project facts: developer (Ellington Properties), Business Bay canal-side location, amenities and the scheduled Q1 2026 handover were taken from developer/market sources.
• The agent's marketing description is preserved as an attributed claim and is not presented as DPF-verified fact.