One-Bedroom Apartment at Palace Beach Residence, Emaar Beachfront — Priced Below Original Purchase Price

Property Overview

This is a furnished, vacant one-bedroom apartment at Palace Beach Residence by Emaar at Emaar Beachfront, with a sea view. The 745 sqft unit is offered at AED 2,380,000, which is AED 115,000 (4.6%) below the seller-stated original purchase price of AED 2,495,000. It is listed as a distress sale below original price.

Property Highlights

• Type: 1-bedroom apartment
• Size: 745 sqft
• Asking price: AED 2,380,000
• Original purchase price (seller-stated): AED 2,495,000
• Saving vs. original price: AED 115,000 (4.6%)
• Rate: AED 3,195 per sqft
• View: sea view (agent-stated)
• Status: furnished and vacant (agent-stated)
• Developer: Emaar Properties
• Community: Emaar Beachfront

Why the Price Qualifies as Below OP

The classification uses the seller-stated original purchase price of AED 2,495,000 against the current asking price of AED 2,380,000, a difference of AED 115,000, or 4.6%. At 745 sqft the asking price is AED 3,195 per square foot. The agent also describes the unit as below market, but did not supply a market figure, so no below-market percentage is stated. The benchmark used 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

Palace Beach Residence is an Emaar development at Emaar Beachfront, a gated island community within Dubai Harbour with beach access, a marina and views toward the Palm and the Gulf, connected via Sheikh Zayed Road. The unit is a furnished, vacant resale. Building-level facilities and the specific tower should be confirmed against Emaar's documentation.

Layout and View

The agent describes a furnished, vacant 745 sqft one-bedroom with a sea view. Exact floor level, layout, bathroom, parking and the furniture inventory should be confirmed on the floor plan and in the Sale and Purchase Agreement.

Verification Notes

• Agent-supplied facts: 1-bedroom type, size (745 sqft), asking price (AED 2,380,000), original purchase price (AED 2,495,000), sea view, furnished, and vacant status.
• DPF-calculated figures: savings amount (AED 115,000), savings percentage (4.6%), and price per square foot (AED 3,195).
• The agent additionally describes it as 'below market' but supplied no market figure, so no below-market percentage is stated; that claim is attributed and unverified. The classification uses the seller-stated original purchase price.
• External project research: Palace Beach Residence is confirmed as an Emaar development at Emaar Beachfront; the exact tower was not confirmed. 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.