2-Bedroom Park View Residence Tower B Apartment in Al Kifaf at OP + DLD

Property Overview

This 2-bedroom off-plan apartment on a higher floor of Park View Residence Tower B in Wasl 1, Al Kifaf, Dubai, is offered at AED 2,250,000 for 1,110 sq ft, about AED 2,027 per sq ft. The agent states the seller is a distress seller pricing the unit at the original purchase price including DLD, with 40% paid and handover stated for Q1 2027.

Property Highlights

• Property type: apartment
• Bedrooms: 2
• Size: 1,110 sq ft (agent-stated)
• Asking price: AED 2,250,000
• Original price including DLD: AED 2,250,000 (agent-stated)
• Price per sq ft: about AED 2,027
• Floor: higher floor (agent-stated)
• Amount paid: 40% (agent-stated)
• Handover: Q1 2027 (agent-stated)
• Developer: Wasl Properties

Why the Price Qualifies as Off-Plan Distress

The agent states the asking price of AED 2,250,000 equals the seller's original price plus DLD. There is therefore no discount below the original price. Assuming a standard 4% DLD fee, the implied base purchase price is about AED 2,163,462, so the asking price reimburses the seller's DLD fee as well.

The value to a buyer is entering an under-construction Wasl project at the seller's own cost, without a resale premium, with 40% of the price already paid according to the agent. No DLD transaction or market comparison was supplied. Buyers should confirm the base price, DLD paid and payment history from the SPA and Wasl statement of account.

About the Project, Developer and Community

Park View Residence is a residential development by Wasl Properties in the Wasl 1 district of Al Kifaf, overlooking Zabeel Park. The project offers 1- to 3-bedroom apartments across multiple towers, with views towards the park as a central feature.

Al Kifaf sits in central Dubai between Zabeel Park, Sheikh Zayed Road and Karama, an established location close to the city's older and newer business districts.

Layout, Floor and View

The agent states a 2-bedroom layout of 1,110 sq ft on a higher floor. The exact floor, view, bathrooms, parking and whether the unit faces Zabeel Park were not supplied. Request the floor plan and SPA unit details before an offer.

Payment Plan and Handover

The agent states 40% of the price has been paid and handover is expected in Q1 2027. The remaining 60% balance, its schedule and any Wasl transfer conditions or fees were not supplied. Some project references give earlier handover dates for parts of the development, so buyers should confirm Tower B's current handover date directly with Wasl and in the SPA.

Location and Connectivity

Wasl 1 in Al Kifaf is beside Zabeel Park, with road access to Sheikh Zayed Road, Al Wasl and Karama, and Dubai Metro stations in the surrounding area. DPF has not verified specific walking or driving times for this unit.

Verification Notes

• Agent-supplied: building, community, bedrooms, size, higher floor, 40% paid, OP plus DLD, asking price and handover.
• Calculated by DPF: about AED 2,027 per sq ft; no discount below OP; implied base price assumes 4% DLD.
• Researched: developer, location beside Zabeel Park and unit mix from project references.
• Not supplied: exact floor, view, bathrooms, parking, remaining payment schedule and service charge.