One-Bedroom Apartment at Empire Lake Views, Dubailand — Priced Below Original Purchase Price

Property Overview

This is a high-floor one-bedroom apartment at Empire Lake Views, an Empire Developments tower in Liwan, Dubailand, with a private pool on the balcony. The 748 sqft unit is offered at AED 900,000, which is AED 143,994 (13.8%) below the seller-stated original purchase price of AED 1,043,994, and it is listed as a distress sale below original price. A post-handover payment plan is stated to be available.

Property Highlights

• Type: 1-bedroom apartment
• Size: 748 sqft
• Asking price: AED 900,000
• Original purchase price (seller-stated): AED 1,043,994
• Saving vs. original price: AED 143,994 (13.8%; agent stated ~14%)
• Rate: AED 1,203 per sqft
• Feature: private pool on balcony (agent-stated)
• Floor: high floor (agent-stated)
• Payment: post-handover payment plan (agent-stated)
• Handover: Q2 2028 (agent-stated)
• Developer: Empire Developments
• Community: Liwan, Dubailand

Why the Price Qualifies as Below OP

The classification uses the seller-stated original purchase price of AED 1,043,994 against the current asking price of AED 900,000. The savings amount is AED 143,994, which is 13.8% below the original price. The agent described the discount as approximately 14%; the precise calculated figure is 13.8%. At 748 sqft the asking price is AED 1,203 per square foot. The benchmark is the original purchase price supplied in the brief; it is not a DLD transaction or a dated market comparison, and DPF has not independently verified it.

About the Project, Developer and Community

Empire Lake Views is an off-plan residential tower by Empire Developments in Liwan, part of the wider Dubailand area, with connectivity via Sheikh Mohammed Bin Zayed Road and Emirates Road. Empire Developments markets private-pool balcony layouts across its towers. As an off-plan project, it is under construction toward its stated handover. Project specifications and the exact completion date should be confirmed against the developer's official documentation.

Layout and Floor

The agent describes a high-floor one-bedroom of 748 sqft with a private pool on the balcony. Exact floor level, layout, bathrooms, parking and orientation should be confirmed on the floor plan and in the Sale and Purchase Agreement.

Payment Plan and Handover

Handover is stated by the agent as Q2 2028, with a post-handover payment plan available. The exact instalment schedule, down payment, outstanding balance and assignment (resale) terms must be confirmed with Empire Developments and in the SPA before commitment.

Verification Notes

• Agent-supplied facts: 1-bedroom type, size (748 sqft), asking price (AED 900,000), original purchase price (AED 1,043,994), private pool on balcony, high floor, post-handover payment plan, and Q2 2028 handover.
• DPF-calculated figures: savings amount (AED 143,994), savings percentage (13.8%), and price per square foot (AED 1,203).
• External project research: Empire Lake Views is confirmed as an off-plan Empire Developments tower in Liwan, Dubailand; unit-specific facts were not independently verified.
• The original purchase price is a seller-stated benchmark and has not been checked against a DLD record.