One-Bedroom Apartment at W Residences, Dubai Harbour — Priced Below Original Purchase Price

Property Overview

This is a one-bedroom apartment at W Residences Dubai Harbour, the Arada-developed branded residences at Dubai Harbour. The 1,410 sqft unit is offered at AED 5,600,000, which is AED 168,000 (2.9%) below the seller-stated original purchase price of AED 5,768,000. It is an off-plan resale with handover stated for Q4 2027, listed as a distress sale below original price.

Property Highlights

• Type: 1-bedroom apartment
• Size: 1,410 sqft
• Asking price: AED 5,600,000
• Original purchase price (seller-stated): AED 5,768,000
• Saving vs. original price: AED 168,000 (2.9%)
• Rate: AED 3,972 per sqft
• Handover: Q4 2027 (agent-stated)
• Developer: Arada
• Community: Dubai Harbour

Why the Price Qualifies as Below OP

The classification uses the seller-stated original purchase price of AED 5,768,000 against the current asking price of AED 5,600,000, a difference of AED 168,000, or 2.9%. At 1,410 sqft the asking price is AED 3,972 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

W Residences Dubai Harbour is an off-plan branded-residences development by Arada at Dubai Harbour, a waterfront district around the marina and cruise terminal with views toward the Palm and Ain Dubai, connected via Sheikh Zayed Road. 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 Transaction Notes

The agent describes a 1,410 sqft one-bedroom and notes a 'NoC 50%' status and a 'direct, covered' deal. These terms are agent shorthand and should be clarified before commitment: confirm the developer No Objection Certificate (NOC) requirement and payment milestone, whether the sale is direct from the current owner, and exactly what 'covered' refers to (for example DLD fee or parking). The exact floor, layout, bathrooms and parking 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 Q4 2027. No payment plan figures were supplied. As an off-plan resale, the developer payment plan, the outstanding balance, the NOC requirement and assignment (resale) terms must be confirmed with Arada and in the SPA before commitment.

Verification Notes

• Agent-supplied facts: 1-bedroom type, size (1,410 sqft), asking price (AED 5,600,000), original purchase price (AED 5,768,000), Q4 2027 handover, and the notes 'NoC 50%' and 'direct, covered'.
• DPF-calculated figures: savings amount (AED 168,000), savings percentage (2.9%), and price per square foot (AED 3,972).
• Ambiguous terms: 'NoC 50%' and 'direct, covered' are not interpreted here beyond the brief; 'covered' has not been treated as DLD coverage, since the brief classifies the deal as below OP. Confirm their meaning with the agent.
• External project research: W Residences Dubai Harbour is confirmed as an off-plan Arada development; 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.