Property Overview
A 1-bedroom apartment in Harbour Gate Tower 1, Dubai Creek Harbour by Emaar Properties at AED 1,600,000 for 686 sqft, equalling AED 2,332 per sqft. Park-facing unit with 1 parking space. Currently tenanted until October 2026. Ready property (completed 2022). Listed as a distress sale by the agent; no original purchase price was provided.
Property Highlights
- Type: 1-bedroom apartment
- Size: 686 sqft
- Asking price: AED 1,600,000
- Original price: Not disclosed
- Rate: AED 2,332 per sqft
- View: Park facing
- Parking: 1 space
- Tenancy: Tenanted until October 2026
- Completion: 2022 (ready)
Market Positioning
No original purchase price was provided, so distress savings cannot be calculated. The agent describes this as a distress sale, but the pricing should be evaluated against DLD transaction data.
DLD Transactions (Tower 1, 1BR, 680 to 686 sqft)
- AED 1,690,000 on 21st floor (Mar 2026) = AED 2,472 per sqft
- AED 1,590,000 on 28th floor (Feb 2026) = AED 2,326 per sqft
- AED 1,550,000 on 12th floor (Dec 2025) = AED 2,267 per sqft
- AED 1,510,000 on 14th floor (Jul 2026) = AED 2,219 per sqft
- AED 1,430,000 on 12th floor (Aug 2026) = AED 2,091 per sqft
- AED 1,350,000 on 1st floor (Jul 2026) = AED 1,968 per sqft
The average DLD transaction price for standard 1BR units is approximately AED 1,520,000 (AED 2,224 per sqft). At AED 1,600,000 (AED 2,332 per sqft), this listing is approximately 5% above the average transaction price.
Active Listings
Two other 1BR units in Tower 1 are currently listed at AED 1,600,000 for similar sizes (682 to 684 sqft). Tower 2 listings range from AED 1,700,000 to AED 1,900,000.
Assessment
For a high-floor unit, AED 1,600,000 could represent a discount versus the AED 1,690,000 high-floor comp (March 2026). For a mid or low floor, the price is at or above recent transaction levels. The floor number was not provided by the agent. Buyers should confirm the floor and compare accordingly.
Tenancy and Yield
The unit is tenanted until October 2026, which is about to expire. 1BR rents in Harbour Gate range from AED 89,000 to AED 100,000 per year. At AED 1,600,000, this translates to a gross rental yield of 5.6% to 6.3%. Service charges are approximately AED 20.35 per sqft per year (AED 13,960 annually).
About Harbour Gate
Harbour Gate is a twin-tower residential development (Tower 1 and Tower 2) by Emaar Properties in Dubai Creek Harbour. Tower 1 has 41 storeys with 268 units (76 one-bedroom, 124 two-bedroom, 68 three-bedroom). Connected by a two-storey podium. Completed 2022. Amenities include a temperature-controlled pool, kids pool, gym, jacuzzi, sauna, steam room, children's play area, landscaped gardens and BBQ area. Pet-friendly building.
About Dubai Creek Harbour
A waterfront master community by Emaar and Dubai Holding, covering approximately 6 sq km on the western bank of Dubai Creek near Ras Al Khor. Features include Creek Marina, retail and dining options, proximity to the Ras Al Khor Wildlife Sanctuary and the planned Dubai Creek Tower. Located 10 to 15 minutes from Downtown Dubai and Dubai International Airport. The Green Line Metro's Creek Station is approximately 1.5 km away.
Verification Notes
The asking price, size, park-facing orientation, tenancy status, and 1 parking space are from the agent brief. No original purchase price was provided, so no savings percentage can be calculated. The 686 sqft is within the confirmed 1BR range for this tower (675 to 850 sqft). DLD transaction data confirms the average 1BR price is approximately AED 1,520,000. The agent's distress classification is noted but not independently verified through pricing; the asking price is at or above the DLD average. Buyers should confirm the floor level, exact view orientation, tenancy terms and any outstanding service charges.
