2-Bedroom Off-Plan Apartment at ONDA, Business Bay — Below Original Price (incl. DLD)

Property Overview

This is an off-plan two-bedroom apartment at ONDA by KASCO Developments, a 23-storey tower on Marasi Drive in Business Bay, facing Business Bay Park 4. Measuring 876 sq ft with a Business Bay Park view and balcony, on a mid-tower floor (between 9 and 18), it is offered at AED 1,800,000 — AED 384,000 below the seller's stated original purchase price of AED 2,184,000 (including DLD), a discount of about 17.6%, at an indicative AED 2,055 per sq ft. Handover is stated as March 2027.

Property Highlights

• Off-plan two-bedroom apartment at ONDA, Business Bay (floors 9-18)
• 876 sq ft with a Business Bay Park view and balcony
• Priced AED 384,000 (about 17.6%) below the stated original cost including DLD
• KASCO tower facing Business Bay Park 4 with a sky leisure floor
• Asking price of AED 1,800,000 (approximately AED 2,055 per sq ft); handover March 2027

Why the Price Qualifies as Below OP

The seller states the apartment was originally purchased for AED 2,184,000, a figure stated as including DLD. Against the current asking price of AED 1,800,000, this represents:

• Savings amount: AED 384,000
• Savings versus the stated original cost: about 17.6%
• Indicative rate: approximately AED 2,055 per sq ft, based on the 876 sq ft size

The brief's deal type field read 'OP + DLD Covered', which denotes cost recovery. However, the marketing and figures show a 17.6% discount below the all-in cost, so DPF has classified it under 'Below OP' (OP-incl-DLD as the benchmark), consistent with its other 'Below OP + DLD' listings. Note the implied base original price (about AED 2.1M) is high for an 876 sq ft ONDA unit, where studios start from around AED 1M and one-bedrooms from around AED 1.7M; buyers should confirm the exact original price and DLD against the signed SPA and Dubai Land Department records. The original purchase date was not supplied.

Layout, Size and View

The brief describes a two-bedroom apartment of 876 sq ft with a Business Bay Park view and balcony. This size matches ONDA's one-bedroom units (around 848 sq ft) rather than its two-bedroom units (around 1,246 sq ft), so the bedroom count should be confirmed — it may be a compact/junior two-bedroom or a one-bedroom. Bathroom count, parking and furnishing were not supplied and should be confirmed; the project is delivered semi-furnished. To keep this listing accurate, no unit-specific details beyond those supplied and standard project features have been added.

About ONDA, Business Bay and KASCO

ONDA is an off-plan, 23-storey residential tower by KASCO Developments on Marasi Drive in Business Bay, facing Business Bay Park 4 and the Dubai Water Canal, with 348 studio to three-bedroom apartments (sizes from about 419 to 1,678 sq ft) and a sky leisure floor on the 19th level. Amenities include an infinity pool with sunken seating, an indoor pool, a kids' pool, a spa with sauna, steam and cold plunge, a gym and outdoor fitness area, a yoga area, a running track, a wellness cafe and a co-working space, with smart-home technology throughout. The tower sits minutes from Downtown Dubai, with access to Al Khail Road and Sheikh Zayed Road. Public sources indicate a Q3 2027 handover.

Payment Plan and Handover

This is an off-plan resale, so the buyer takes over the seller's position subject to KASCO's transfer process and the signed SPA. The project was offered on a 40/60 (20/20/60) plan; the amount paid to date, outstanding balance, transfer fees and exact handover for this unit should be confirmed. Handover is stated as March 2027, with sources indicating Q3 2027.

Location and Connectivity

Business Bay is a central mixed-use district along the Dubai Water Canal, adjacent to Downtown Dubai and Sheikh Zayed Road, with Business Bay Park alongside. Specific drive times were not supplied and are not stated here to avoid unverified claims; buyers should confirm distances to their own key destinations.

Verification Notes

• Agent-supplied facts: two-bedroom apartment, 876 sq ft, floors 9-18, Business Bay Park view, balcony, off-plan, AED 1,800,000 asking price, an AED 2,184,000 original cost stated as including DLD, and a March 2027 handover; price reduced.
• Deal classification: the brief's field 'OP + DLD Covered' corrected to 'Below OP', as the figures show a 17.6% discount below OP+DLD (not cost recovery). Calculated by DPF: savings of AED 384,000 (about 17.6%) and an indicative AED 2,055 per sq ft; matching the marketing.
• Size/bedroom flag: 876 sq ft matches ONDA's 1-bedroom size, not its 2-bedroom; confirm the bedroom count.
• Anomaly check: the implied base OP (~AED 2.1M) is high for an 876 sq ft ONDA unit; confirm the OP against the SPA/DLD.
• Researched project facts: developer (KASCO Developments), ONDA unit sizes, amenities and handover were taken from KASCO/market sources because the developer was not supplied; handover supplied as March 2027 vs sources' Q3 2027.
• The agent's "Price Reduced | Distress Deal | 17.6% Below OP + DLD | Business Bay Park View | Balcony" statement is preserved as an attributed agent marketing claim.