2-Bedroom 40th-Floor Apartment in Nautica Two, Dubai Maritime City — AED 2.35M, 16.1% Below Original Price

Property Overview

This off-plan 2-bedroom apartment on the 40th floor of Nautica Two, Dubai Maritime City, is offered at AED 2,350,000. That is AED 450,000, or 16.1%, below the agent-stated original purchase price of AED 2,800,000. The unit has sea, marina and Burj Khalifa views, 40% has been paid, and the seller wants the transfer completed within 30 days of the MOU.

Property Highlights

• Asking price: AED 2,350,000
• Original purchase price: AED 2,800,000 (agent-stated)
• Discount: AED 450,000, or 16.1% (DPF calculation)
• Bedrooms: 2
• Floor: 40th (agent-stated)
• Views: sea, marina and Burj Khalifa (agent-stated)
• Amount paid: 40% (agent-stated)
• Completion window: 30 days from MOU (agent-stated)
• Building: Nautica Two, Dubai Maritime City
• Developer: Select Group

Why the Price Qualifies as Below OP

The agent's brief gives an original purchase price of AED 2,800,000 and an asking price of AED 2,350,000. The difference is AED 450,000, matching the agent's stated figure. Dividing that by the original price gives a discount of 16.1%.

The benchmark is the seller's own purchase price as stated by the agent on 1 October 2026. It is not a DLD transaction or an independent valuation, so buyers should confirm the original price against the SPA.

About Nautica and Dubai Maritime City

Nautica is a two-tower residential project by Select Group in Dubai Maritime City, which the developer describes as an emerging waterfront district. At launch, Select Group described Nautica One and Nautica Two as offering one and two-bedroom apartments, with 328 apartments planned in each tower.

The podium amenity level was announced with two gyms, a 260 square metre infinity pool, a padel court, a 3-on-3 basketball court, an outdoor gym and a yoga deck.

Layout, Floor and View

The agent confirms two bedrooms on the 40th floor with views of the sea, the marina and Burj Khalifa. The size, bathroom count, parking and unit number were not supplied, so no price per square foot has been calculated. Request the floor plan and the area stated in the SPA to confirm the layout and orientation.

Payment Plan and Handover

According to the agent, 40% of the purchase price has been paid. The remaining balance, instalment schedule and this unit's handover date were not supplied. At launch, Select Group gave Q4 2026 as the expected completion, but buyers should confirm the current handover date with the developer and in the SPA. The seller's 30-day MOU window means the buyer should have funds and approvals ready before signing.

Buying Costs

Off-plan resales in Dubai are normally subject to a 4% Dubai Land Department fee on the purchase price, about AED 94,000 at the asking price, plus developer transfer charges and agency fees. Who pays each cost should be agreed in writing before signing.

Verification Notes

• Agent-supplied facts: building, community, bedrooms, floor, views, original price, asking price, 40% paid and 30-day MOU window.
• DPF calculations: discount amount and percentage, and the indicative 4% DLD fee.
• External research: developer, tower count, unit mix, amenities and launch completion target from Select Group's launch announcement.
• Not supplied: size, amount paid in AED, remaining balance, handover date and unit number. These should be confirmed against the SPA and a developer statement of account.