AED 2,850,000 was AED 3,100,000
| Deal type | OP + DLD Covered |
| Price | AED 2,850,000 |
| Original price | AED 3,100,000 |
| Saving | AED 250,000 (8.1%) |
| Bedrooms | 1 |
| Size | 1100 sq.ft |
| Type | Apartment |
| Status | Ready |
| Developer | Ellington Properties |
| Area / Master development | Business Bay |
| Sub-community / Phase | The Crestmark |
| Community | Business Bay |
A 1-bedroom apartment in The Crestmark by Ellington Properties, located along the Dubai Water Canal in Business Bay. The asking price is AED 2,850,000 for 1,100 sqft, equalling AED 2,591 per sqft. The total investment was AED 3,100,000 (original price plus 4% DLD fee), placing this unit at an 8.1% discount with a saving of AED 250,000. The unit has a full canal view.
The agent states the unit is 1,100 sqft. Property Finder and DLD records show 1BR layouts in The Crestmark ranging from 747 to 1,021 sqft. The agent's figure exceeds the recorded maximum by 79 sqft and may include balcony or terrace area. Buyers should verify the exact built-up area through the title deed.
The agent specifies the total investment was AED 3,100,000 inclusive of the 4% DLD fee. Back-calculating: the original purchase price was approximately AED 2,980,769 and the DLD fee approximately AED 119,231. The seller is absorbing the entire DLD cost and taking an additional loss of approximately AED 130,769 on the OP itself. The total loss to the seller is AED 250,000.
Recent DLD 1BR transactions for The Crestmark (all off-plan registrations, April to May 2026):
The asking price of AED 2,850,000 is above these off-plan registration prices. However, these represent developer-to-buyer original registrations, while the agent's total investment of AED 3,100,000 suggests a resale purchase at a premium or additional costs. The canal view orientation commands a premium over non-canal-facing units.
The Crestmark is a 21-storey residential tower by Ellington Properties in Business Bay, completed in Q1 2026. The building comprises 189 units: 15 studios, 62 one-bedrooms, 83 two-bedrooms, 26 three-bedrooms and 3 penthouses. The development is positioned along the Dubai Water Canal.
The Crestmark features an infinity pool with recreation area, a residents-only club with lounge and restaurant, a wellness centre with fitness studio and climbing wall, indoor and outdoor yoga areas, gender-separated steam baths and saunas, a children's pool and play areas including the Kidtropolis zone, a BBQ area, bowling and games, a library, co-working spaces and concierge service.
The building is situated along the Dubai Water Canal in Business Bay, close to Downtown Dubai, Burj Khalifa, Dubai Mall and DIFC. Business Bay Metro Station on the Red Line is within walking distance.
The asking price, total investment, canal view and size are from the agent brief. The 8.1% discount and AED 250,000 saving are calculated figures. The agent's unit size of 1,100 sqft exceeds recorded 1BR sizes (747 to 1,021 sqft). Buyers should verify the size, confirm the total investment through documentation, and check the current service charges.
The agent states the total investment was AED 3,100,000, which includes both the original purchase price and the 4% DLD (Dubai Land Department) transfer fee. Back-calculating, the OP alone was approximately AED 2,980,769 and the DLD fee was approximately AED 119,231. The seller is absorbing the full DLD cost and an additional AED 130,769 loss on the OP.
Recent DLD 1BR transactions for The Crestmark include AED 2,687,828 for 1,021 sqft, AED 2,554,828 for 995 sqft, and AED 2,472,828 for 1,006 sqft (April 2026). The asking price of AED 2,850,000 is above these off-plan registration prices but for a larger unit with canal view.
The agent states 1,100 sqft. Property Finder and DLD data show 1BR sizes ranging from 747 to 1,021 sqft. The agent's figure is above the recorded maximum. Buyers should verify the exact size through the title deed or SPA, as the figure may include balcony area.
Yes. The Crestmark was completed in Q1 2026 according to Property Finder and multiple sources. The building is a 21-storey tower with 189 units by Ellington Properties along the Dubai Water Canal in Business Bay.
Buyers should confirm the exact unit size (agent states 1,100 sqft vs PF max 1BR of 1,021 sqft), verify the total investment of AED 3,100,000 through the SPA and DLD receipt, and inspect the canal view orientation.
Buyer costs
Dubai transfer costs for an ready unit. Every figure editable — NOC is set by the developer and varies.
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| VAT on agency (5%) | — |
Total cost
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Full payment schedule and unit details are released to qualified buyers on enquiry.
Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.
Finance
Indicative monthly repayment on a UAE bank mortgage.
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| Loan amount | — |
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| Total repaid | — |
Monthly payment
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Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.
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