2-Bedroom Apartment in Dubai Gate 1, JLT, 14.8% Below Original Price

Property Overview

This two-bedroom apartment in Dubai Gate 1, Jumeirah Lake Towers (JLT), is offered at AED 1,150,000 for 921 sq ft of built-up area. The asking price is AED 200,000 below the agent-stated original purchase price of AED 1,350,000, a discount of 14.8%, or about AED 1,249 per square foot. The agent describes the seller as motivated.

Property Highlights

• Property type: 2-bedroom apartment
• Building: Dubai Gate 1, Jumeirah Lake Towers
• Built-up area: 921 sq ft
• Asking price: AED 1,150,000
• Original purchase price (agent-stated): AED 1,350,000
• Discount to OP: AED 200,000 (14.8%)
• Price per sq ft: approx. AED 1,249
• Floor: high floor
• Location note (agent-stated): near the metro
• Seller: described by the agent as motivated

Why This Apartment Qualifies as Below OP

DPF classifies this listing as Below OP because the asking price is lower than the original purchase price supplied in the agent brief. AED 1,350,000 minus AED 1,150,000 equals AED 200,000. Divided by the original price, that is a 14.8% reduction.

The benchmark is the seller's original purchase price as stated by the agent on 7 October 2026. It is not a comparison with current market value or recent DLD transactions, so this page does not claim the apartment is priced below market.

About Dubai Gate 1 and JLT

Dubai Gate 1 is a residential tower in Jumeirah Lake Towers, the mixed-use waterfront community of clustered high-rises arranged around man-made lakes along Sheikh Zayed Road. JLT combines residential, office and retail towers, with cafés, restaurants, shops and lakeside walkways across its clusters, and is next to Dubai Marina.

Layout, Floor and View

The agent describes the unit as a two-bedroom apartment of 921 sq ft on a high floor. The exact floor number, view, bathroom count, balcony and parking allocation were not supplied and should be confirmed during a viewing or from the title deed.

Handover and Payment

JLT is an established, completed community, so this is a secondary-market resale of a ready apartment rather than an off-plan payment-plan purchase. Buyers should confirm whether the unit is vacant or tenanted, whether any mortgage is outstanding, and the final transfer costs, including the DLD transfer fee, before signing.

Location and Connectivity

The agent notes that the building is near the metro. JLT is served by stations on the Dubai Metro Red Line and has direct access to Sheikh Zayed Road, with Dubai Marina and Jumeirah Beach Residence nearby. Walking and travel times depend on the specific cluster and route, so buyers should check the distance to the nearest station during a viewing.

Verification Notes

• Agent-supplied facts: property type, bedrooms, size, original purchase price, asking price, high floor, motivated seller and proximity to the metro.
• DPF-calculated figures: discount amount, discount percentage and price per sq ft.
• External research: general facts about Jumeirah Lake Towers. Building-level details such as developer, cluster and completion year were not confirmed and are not stated.
• Not supplied: exact floor, view, bathrooms, parking, furnishing, occupancy and service charges. These must be verified before purchase.