Property Overview
A 2-bedroom plus maid apartment in Natuzzi Harmony Residences, Dubai Islands, offered at AED 2,800,000 against an original purchase price of AED 3,356,865. The asking sits AED 556,865 (16.6%) below the OP. The unit has 1,425 sqft of built-up area at AED 1,965 per sqft. It comes fully furnished by Natuzzi Italia with a private pool on the balcony, 2 balconies and waterfront positioning.
Property Highlights
- Type: 2-bedroom plus maid apartment
- Built-up area: 1,425 sqft
- Asking price: AED 2,800,000
- Original price: AED 3,356,865
- Saving: AED 556,865 (16.6%)
- Rate: AED 1,965 per sqft
- Furnished: fully furnished by Natuzzi Italia
- Outdoor: private pool on balcony, 2 balconies
- Position: waterfront, Dubai Islands
- Handover: Q4 2026 (agent stated)
- Tenure: freehold
Why the Price Qualifies as Below OP
The agent states the original purchase price at AED 3,356,865. At an asking price of AED 2,800,000, the unit sits AED 556,865 (16.6%) below the OP. Including the 4% DLD transfer fee of AED 134,275 paid at original registration, the seller's total loss is AED 691,140.
The developer's starting price for 2-bedroom units in Natuzzi Harmony Residences was AED 3,220,000 for the smallest layout at 1,209 sqft. The agent's stated OP of AED 3,356,865 is consistent with a larger 2-bedroom plus maid layout at 1,425 sqft priced above the base. The asking of AED 2,800,000 is below the developer's published starting price for any 2-bedroom configuration.
Dubai Islands Market Context
Property Finder market data for Dubai Islands apartments shows an average price per sqft of AED 2,741, up 16.24% year on year. The asking rate of AED 1,965 per sqft is 28.3% below this island-wide average. Dubai Islands recorded 4,347 apartment transactions totalling AED 14.8 billion over the past year, up 49.8% in value.
A comparable 2-bedroom listing in Natuzzi Harmony Residences at 1,209 sqft was previously listed at AED 2,755 per sqft (approximately AED 3,330,000). No specific DLD transaction records were found for Natuzzi Harmony Residences, which is expected given the boutique scale of just 40 units and the near-handover timing.
About Natuzzi Harmony Residences
Natuzzi Harmony Residences is a boutique waterfront development of 40 units on Island A of Dubai Islands, developed by Peace Homes Development in collaboration with Natuzzi Italia. The building has a ground floor, podium level, 6 residential floors and a rooftop. Unit types include 1-bedroom (891 to 920 sqft), 2-bedroom (1,209 to 1,419 sqft), 3-bedroom (1,677 to 1,800 sqft) and 3-bedroom duplex penthouses (2,388 to 2,655 sqft).
Every unit is fully furnished by Natuzzi Italia and features a private pool on the balcony. Building amenities include a central swimming pool, spa, gymnasium, yoga studio, Dolby Atmos cinema room, residents' lounge, children's play area, landscaped gardens, covered parking, 24/7 concierge and security. The development is pet-friendly.
The interiors draw on a neutral palette inspired by the Italian region of Apulia, with floor-to-ceiling windows designed to maximise natural light and sea views. The developer's payment plan is structured as 20% on booking, 40% during construction and 40% on handover.
About Dubai Islands
Dubai Islands, formerly known as Deira Islands, is a waterfront master development comprising five man-made islands off the Deira coastline. The development is planned to include residential communities, hospitality, retail and entertainment destinations with beach access. Island A, where Natuzzi Harmony Residences is located, is approximately 5 to 7 minutes' walk from Dubai Islands Beach.
Handover and Payment Status
The agent states handover in Q4 2026. The metropolitan.realestate project page lists the completion status as ready with handover in Q3 2026. These dates are close and suggest the building is at or near completion. Buyers should verify the current status directly with Peace Homes Development.
The developer's payment plan is 20/40/40. The agent has not specified how much the current owner has paid. At Q4 2026 handover, the full 60% pre-handover portion should have been paid, with the remaining 40% due on handover. Buyers must verify the exact paid amount and any outstanding obligations with the seller and the developer's escrow account.
Verification Notes
- The original purchase price of AED 3,356,865 is the agent's stated figure. This is consistent with the developer's starting price of AED 3,220,000 for 2-bedrooms at 1,209 sqft, adjusted for the larger 1,425 sqft layout.
- The unit at 1,425 sqft is slightly above the published 2-bedroom range of 1,209 to 1,419 sqft. This may represent a 2-bedroom plus maid variant or the largest 2-bedroom layout in the project.
- No DLD transaction records were found for Natuzzi Harmony Residences. The 40-unit scale means transaction data is expected to be sparse.
- The asking rate of AED 1,965 per sqft is significantly below the Dubai Islands average of AED 2,741 per sqft and below the developer's starting price for any 2-bedroom configuration.
- All units in Natuzzi Harmony Residences are fully furnished by Natuzzi Italia, which adds to the replacement value of the unit.
- Bathrooms, parking allocation, floor number and unit number are not stated in the agent brief and have been omitted. A comparable 2-bedroom listing in the building shows 3 bathrooms.