2 Bedroom Apartment with Storage in Peace Lagoons, Dubailand – High Floor Lagoon View, Below OP

Property Overview

This is a two-bedroom off-plan apartment of 1,416 sq ft with a storage room in Peace Lagoons, Dubailand, developed by Peace Homes Development. It is on a high floor with a lagoon view, comes semi-furnished and is listed at AED 1,300,000, which is AED 572,000 (30.6%) below the agent-stated benchmark of AED 1,872,000. Handover is stated as Q1 2029.

Property Highlights

• Asking price: AED 1,300,000
• Agent-stated benchmark: AED 1,872,000 (labelled OP; described in the brief as OP plus DLD)
• Saving against benchmark: AED 572,000 (30.6%)
• Built-up area: 1,416 sq ft
• Asking rate: approximately AED 918 per sq ft (benchmark rate approximately AED 1,322 per sq ft)
• Layout: 2 bedrooms plus storage room
• Floor and view: high floor, lagoon view
• Furnishing: semi-furnished
• Handover: Q1 2029 (agent-stated)

Why the Price Qualifies as Below OP

The agent brief gives a labelled original purchase price of AED 1,872,000 and a selling price of AED 1,300,000. Because the asking price is below the stated OP, DPF classifies this listing as Below OP.

• Saving: AED 1,872,000 minus AED 1,300,000 equals AED 572,000.
• Percentage: AED 572,000 divided by AED 1,872,000 equals 30.6%, matching the agent's stated figure.
• Rate per sq ft: AED 1,300,000 divided by 1,416 sq ft equals approximately AED 918.

The brief's notes describe AED 1,872,000 as the original price plus the DLD fee. If that is correct, the developer price alone would be about AED 1,800,000, and the asking price would still sit about AED 500,000 (27.8%) below it. Either way the unit is offered below what the original buyer paid. The benchmark comes from the agent brief received on 2026-10-01; it is not a DLD transaction record or a market valuation. Buyers should confirm the purchase price and fees paid from the seller's SPA, Oqood and DLD receipts.

About the Project, Developer and Community

Peace Lagoons is an off-plan residential project by Peace Homes Development in Dubailand. Project listings describe a lagoon-themed development offering studios, one-bedroom and two-bedroom apartments, with some units marketed with private pools. Published project information refers to lagoon-style swimming areas, a gym, landscaped gardens and children's play areas. DPF could not locate an official developer project page, so these project details come from secondary sources and should be confirmed with the developer.

Secondary listings place the wider Peace Lagoons development in the Dubai Land Residence Complex area, also referred to as Wadi Al Safa 5. Dubailand is a large district in the south-east of Dubai that mixes residential communities, schools and family attractions.

Layout, Floor and View

The agent confirms a two-bedroom layout of 1,416 sq ft with a separate storage room, on a high floor with a view over the lagoon. The apartment is offered semi-furnished. The exact floor number, bathroom count, parking allocation and unit number were not supplied, so they are not stated here. Request the floor plan to confirm the room arrangement and balcony layout.

Payment Plan and Handover

The agent states an expected handover of Q1 2029. Published project sources quote different handover timings for different phases of Peace Lagoons, so buyers should verify the exact phase and completion date against the SPA. The remaining payment plan and the amount already paid by the seller were not supplied. As an off-plan resale, the buyer normally pays the seller the amount already paid and takes over the outstanding developer instalments; obtain the developer's statement of account before signing.

Location and Connectivity

Dubailand is served by major roads including Al Ain Road and Emirates Road, linking it to central Dubai and neighbouring emirates. Journey times depend on route and traffic, so DPF does not quote fixed minutes for this listing.

Verification Notes

• Agent-supplied facts: project, Dubailand location, property type, 2 bedrooms plus storage, 1,416 sq ft, high floor, lagoon view, semi-furnished, Q1 2029 handover, OP and asking price.
• DPF-calculated figures: saving amount, saving percentage and price per sq ft, plus the alternative calculation if the benchmark includes DLD.
• External research: developer name, project description and amenities from secondary project and portal pages; no official developer page was found.
• Not supplied: bathrooms, parking, exact floor, unit number, amount paid and payment plan.