1-Bedroom Apartment in DAMAC Casa, Dubai Media City, 18.6% Below Original Price

Property Overview

This one-bedroom apartment in DAMAC Casa, Dubai Media City, is offered at AED 2,400,000 for 946 sq ft of built-up area, about AED 2,537 per square foot. The asking price is AED 664,880 below the seller's stated original price plus DLD fee of AED 3,064,880, and about AED 547,000 (18.6%) below the original price alone. It is on a middle floor with a partial Palm view, and handover is due in Q1 2028.

Property Highlights

• Property type: 1-bedroom apartment
• Building: DAMAC Casa, Dubai Media City
• Developer: DAMAC Properties
• Built-up area: 946 sq ft
• Asking price: AED 2,400,000
• Original price plus DLD (agent-stated): AED 3,064,880
• Estimated original price excluding DLD: about AED 2,947,000
• Discount to estimated OP: about AED 547,000 (18.6%)
• Price per sq ft: approx. AED 2,537
• Floor: middle floor
• View: partial Palm Jumeirah view
• Handover (agent-stated): Q1 2028

Why This Apartment Qualifies as Below OP

The agent states the apartment is AED 664,000 below the original price plus DLD, and the AED 3,064,880 figure in the brief is that combined total. DPF therefore uses the more conservative benchmark. Assuming the standard 4% DLD fee, the original price excluding DLD is about AED 2,947,000 and the DLD component about AED 117,880.

• Against the estimated original price: AED 2,947,000 minus AED 2,400,000 equals about AED 547,000, a discount of about 18.6%.
• Against the stated original price plus DLD: AED 3,064,880 minus AED 2,400,000 equals AED 664,880, or 21.7% below the seller's total outlay, consistent with the agent's figure.

The exact OP excluding DLD should be confirmed from the SPA. The benchmark is the seller's original purchase cost as stated by the agent on 7 October 2026. It is not a comparison with current market value or recent DLD transactions, so this page does not claim the apartment is priced below market.

About DAMAC Casa and Dubai Media City

DAMAC Casa is a residential project by DAMAC Properties in Dubai Media City. Dubai Media City is an established business and media district between Sheikh Zayed Road and the coast, beside Dubai Internet City and close to Palm Jumeirah, Dubai Marina and Al Sufouh.

Layout, Floor and View

The agent describes the unit as a one-bedroom apartment of 946 sq ft on a middle floor with a partial view towards Palm Jumeirah. The exact floor number, bathroom count, balcony and parking allocation were not supplied and should be confirmed from the SPA and floor plan.

Payment Plan and Handover

The agent gives handover as Q1 2028. The amount already paid to DAMAC, the remaining balance and the instalment schedule were not supplied. The buyer typically reimburses the seller's paid portion, adjusted for the discount, and takes over the remaining balance, so buyers should confirm the exact amounts on DAMAC's statement of account before agreeing terms.

Location and Connectivity

Dubai Media City sits along Sheikh Zayed Road with access to the Palm Jumeirah trunk road and Al Sufouh Road, and is served by Dubai Metro Red Line stations and the Dubai Tram network nearby. Travel times depend on route and traffic, so buyers should check commutes to their own key destinations.

Verification Notes

• Agent-supplied facts: property type, bedrooms, size, original price plus DLD, asking price, "AED 664k below OP + DLD", middle floor, partial Palm view and Q1 2028 handover.
• DPF-calculated figures: estimated original price excluding DLD (assuming 4% DLD), both discount figures and price per sq ft.
• External research: general facts about Dubai Media City. Building-level details were not confirmed from an official DAMAC source.
• Not supplied: exact OP excluding DLD, amount paid, payment plan, bathrooms, parking, and who pays the penalty and NOC. These must be verified before purchase.