2-Bedroom Apartment in Verano by Prescott, Dubai Studio City – 10% Below Original Price

Property Overview

This 2-bedroom apartment in Verano by Prescott, Dubai Studio City, is offered at AED 1,400,000 against an agent-stated original purchase price of AED 1,560,000, a saving of AED 160,000 (10.3%). The off-plan unit measures 1,014 sq ft, sits on a low floor with a community view, and the agent states handover as Q2 2027.

Property Highlights

• Asking price: AED 1,400,000
• Original purchase price (agent-stated): AED 1,560,000
• Saving versus OP: AED 160,000 (10.3%)
• Size: 1,014 sq ft
• Price per sq ft: approx. AED 1,381
• Floor: low floor
• View: community view
• Status: off-plan resale, handover stated as Q2 2027

Why the Price Qualifies as Below OP

The benchmark is the seller's original purchase price of AED 1,560,000, supplied in the agent brief on 1 October 2026. The asking price of AED 1,400,000 is AED 160,000 lower, which is 10.3% of the original price. The agent describes this as roughly 10% below OP, and the exact calculation confirms that. Dividing the asking price by 1,014 sq ft gives approximately AED 1,381 per sq ft.

The brief does not say whether the seller covers the Dubai Land Department transfer fee, so buyers should assume they will pay it. At the standard 4% rate, that would be about AED 56,000 on the asking price, plus trustee and other transaction costs.

About the Project and Developer

Verano by Prescott is a single residential building in Dubai Studio City developed by Prescott Real Estate Development. Project listings describe a mix of studios and 1-, 2- and 3-bedroom apartments, with 2-bedroom layouts starting from around 1,014 sq ft, which places this unit at the compact end of the 2-bedroom range. Published project information lists resident amenities such as a gym, swimming pool, children's play area and BBQ areas; buyers should confirm the final amenity schedule with the developer.

Dubai Studio City is a media and production free zone that also contains residential buildings, set within the Dubailand area off Sheikh Mohammed Bin Zayed Road.

Layout, Floor and View

The agent describes the unit as being on a low floor with a community view. The exact floor number, bathroom count, balcony, parking allocation and layout type were not supplied and should be confirmed from the floor plan and SPA.

Payment Plan and Handover

The agent states handover as Q2 2027. The amount already paid to the developer, the remaining instalments and any transfer or NOC charges were not supplied. Buyers should confirm the handover date, paid amount and outstanding balance against the Sale and Purchase Agreement and the developer's statement of account before committing.

Location and Connectivity

Dubai Studio City has road access from Sheikh Mohammed Bin Zayed Road (E311) and sits near neighbouring communities such as Dubai Sports City, Motor City and Arjan. Travel times vary with traffic and route.

Verification Notes

• Agent-supplied facts: project, bedrooms, size, original price, asking price, floor position, view and handover.
• Calculated by DPF: saving amount, saving percentage, price per sq ft and indicative 4% DLD fee.
• External research: project facts from published project listings; no official developer project page could be confirmed at the time of drafting.
• Not verified: the original purchase price, availability, floor and view. Confirm all figures against the SPA and developer records before any payment.