2-Bedroom Apartment in Ocean Cove Building 1, Rashid Yachts and Marina, 8% Below OP

Property Overview

This 2-bedroom off-plan apartment in Ocean Cove Building 1 by Emaar, Rashid Yachts and Marina, Dubai, is offered at AED 2,300,000 for 1,151.73 sq ft of built-up area, or about AED 1,997 per sq ft. The asking price is AED 200,000 below the agent-stated original purchase price of AED 2,500,000, an 8.0% reduction. Handover is expected in Q3 2028.

Property Highlights

• Property type: Apartment
• Bedrooms: 2
• Built-up area: 1,151.73 sq ft
• Asking price: AED 2,300,000
• Original price (agent-stated): AED 2,500,000
• Saving versus original price: AED 200,000 (8.0%)
• Asking rate: approximately AED 1,997 per sq ft
• Status: off-plan, expected handover Q3 2028
• Developer: Emaar Properties

Why the Price Qualifies as Below OP

The listing is classified as Below OP because the asking price of AED 2,300,000 is lower than the original purchase price of AED 2,500,000 stated in the agent's brief. The difference is AED 200,000, or 8.0% of the original price.

The original price comes from the agent's brief received on 30 October 2026 and has not yet been checked against the SPA, Oqood or DLD records. The comparison reflects what the seller originally paid; it is not a claim that the unit is below current market value.

About the Project, Developer and Community

Ocean Cove is a residential project by Emaar Properties in Rashid Yachts and Marina, the waterfront district at Mina Rashid around the historic Port Rashid, home to the Queen Elizabeth 2 and a superyacht marina.

Layout, Floor and View

The agent confirms a 2-bedroom layout of 1,151.73 sq ft in Building 1. Floor, view, bathrooms, parking and furnishing were not supplied. Ask the DPF team for the floor plan.

Payment Plan and Handover

Handover is expected in Q3 2028, according to the agent. No payment plan, amount paid or outstanding balance was supplied. Confirm these, along with transfer and NOC fees and the handover date, against the SPA and Emaar's statement of account before making an offer.

Location and Connectivity

Rashid Yachts and Marina has road access to Al Mina Road and Sheikh Rashid Road, linking it with Bur Dubai, Downtown Dubai and Dubai International Airport. Travel times vary with traffic and are not quoted here.

Verification Notes

• Agent-supplied facts: Ocean Cove Building 1, Port Mina Rashid, Emaar, 2-bedroom apartment, 1,151.73 sq ft, Q3 2028 handover, original price AED 2,500,000 and asking price AED 2,300,000.
• DPF-calculated figures: AED 200,000 (8.0%) below the original price and approximately AED 1,997 per sq ft.
• Not yet verified: SPA, Oqood or DLD records, handover date, payment status, floor, view, bathrooms and parking.