Corner 2 Bedroom in Nautica Two by Select Group, Dubai Maritime City at 14.7% Below OP with Sea and Marina Views

Property Overview

This corner 2-bedroom apartment in Nautica Two by Select Group, Dubai Maritime City, is available as a distress resale at AED 2,485,000. The unit has a built-up area of 1,032 sq ft with sea and marina views. The asking price represents a saving of AED 427,000 (14.7%) against the agent-stated original purchase price of AED 2,912,000. The agent notes the price has been reduced. Handover is expected in Q4 2026.

Property Highlights

• Type: 2-bedroom apartment (corner unit)
• Built-up area: 1,032 sq ft
• View: sea and marina
• Asking price: AED 2,485,000
• Original price: AED 2,912,000
• Saving from OP: AED 427,000 (14.7%)
• Seller total loss including DLD: AED 543,480 (17.9%)
• Rate: AED 2,409 per sq ft (BUA)
• Payment plan: 20/20/60
• Handover: Q4 2026 (imminent)
• Status: off-plan resale (64% complete)
• Ownership: freehold

Why the Price Qualifies as Below OP

The agent states the original purchase price for this unit was AED 2,912,000. The current asking price of AED 2,485,000 is AED 427,000 lower, a reduction of 14.7% from the original contract value. The agent notes this is a price-reduced listing, indicating the seller has already lowered from a previous asking price.

The agent's brief describes the discount as 14.7% below OP+DLD. The 14.7% figure matches the discount from the OP alone (427,000 / 2,912,000 = 14.66%, rounded to 14.7%). The total seller loss including DLD is larger at 17.9%.

Seller Total Loss Including DLD

The seller paid a 4% DLD transfer fee on the original purchase, estimated at AED 116,480. Adding this to the original price gives an all-in cost of AED 3,028,480. The asking price of AED 2,485,000 represents a total seller loss of AED 543,480, or 17.9% of their total investment.

Market Context

The asking price is significantly below current market levels for 2-bedroom apartments in Nautica Two:

• Average 2BR asking price: approximately AED 2,927,000
• Current 2BR listing range: AED 2,699,000 to AED 2,900,000
• Lowest current 2BR listing: AED 2,699,000
• DLD 2BR transaction: AED 2,700,000 (for a 1,000 sq ft unit)
• Asking price trend: up 2% over the past 6 months

This listing at AED 2,485,000 is AED 214,000 below the lowest currently listed 2BR and AED 442,000 below the average 2BR asking price. The 2% upward trend in asking prices suggests the market has firmed, making the seller's decision to reduce and accept a 14.7% loss all the more notable.

Corner Unit with Sea and Marina Views

The agent confirms this is a corner unit with sea and marina views. A corner position in Nautica Two provides a dual-aspect outlook, with views spanning the Arabian Gulf on one side and the marina or Dubai skyline on the other. Corner apartments typically benefit from additional natural light, wider view corridors and a sense of openness compared to standard layouts.

Nautica Two is positioned on the Dubai Maritime City peninsula, a waterfront location that provides largely unobstructed sea views. The marina views overlook the developing Dubai Maritime City harbour and marina infrastructure. Both view orientations are largely protected from future obstruction due to the coastal position.

Imminent Handover

The agent states handover in Q4 2026. Bayut data confirms Q4 2026 with construction at 64% completion. As the listing date is September 2026, handover is expected within one to three months. Near-completion timing means the buyer can inspect the actual finishes, views and common areas before committing, and can occupy or rent the unit shortly after purchase.

The imminent handover also means the 60% handover payment under the 20/20/60 plan falls due shortly. At AED 2,485,000, the 60% handover payment equals AED 1,491,000. Buyers should factor this lump sum into their financing plans and confirm with the seller and Select Group exactly how much has been paid and what remains.

Payment Plan and Buyer Structure

Nautica Two operates on Select Group's payment plan structured as follows:

• AED 50,000 reservation deposit
• 20% within 14 days of booking
• 20% within 6 months
• 60% on handover

As this is a resale, the buyer takes over the remaining payment obligations from the seller. The amount already paid was not disclosed in the brief. Given the 64% construction progress and imminent handover, it is likely that the pre-handover instalments (20% + 20% = 40%) have been substantially or fully paid, leaving the 60% handover payment as the primary remaining obligation.

Buyers should request:

• The seller's full payment history and receipts from Select Group
• Select Group's confirmation of amounts paid and remaining
• Whether any NOC fees, assignment fees or service charges apply
• The seller's SPA to confirm the original purchase price of AED 2,912,000

Price Per Square Foot Analysis

At AED 2,409 per square foot, this listing is competitively priced for Dubai Maritime City waterfront apartments. The DLD transaction for a 2BR unit of 1,000 sq ft at AED 2,700,000 translates to AED 2,700 per sq ft. This listing at AED 2,409 per sq ft is approximately 10.8% below that rate, reflecting both the below-OP discount and the corner layout premium being absorbed by the seller.

About Nautica Two

Nautica Two is a 49-storey residential tower by Select Group in Dubai Maritime City. The development offers approximately 328 apartments including 1 and 2-bedroom units. One-bedroom apartments range from 615 to 734 sq ft, while 2-bedroom apartments are approximately 1,000 to 1,032 sq ft.

Nautica Two is part of the Nautica twin-tower development alongside Nautica One, both developed by Select Group. The towers are designed with a palette of slate, cool grey and sapphire tones, with timber and copper accents throughout the interiors.

Amenities

Nautica Two features podium-level amenities including an infinity pool with waterfront views, jacuzzi, yoga deck, three separate gym facilities (cardio, strength and outdoor), padel court, basketball half-court, sun loungers, changing rooms, covered parking, high-speed elevators and round-the-clock security and maintenance services.

Construction and Handover

Construction began in October 2023. The building is 64% complete with handover expected in Q4 2026. The project has recorded 50 DLD sale transactions, confirming strong buyer activity. The initial allocation has been reported as sold out. The architectural consultant is National Engineering Bureau, with Bu Haleeba Contracting handling the building work.

Location and Connectivity

Nautica Two is situated in Dubai Maritime City, a man-made peninsula between Port Rashid and Dubai Drydocks World along the Dubai coastline. The location offers waterfront living with views of the Arabian Gulf and the Dubai city skyline.

• Jumeirah Beach: approximately 10 minutes
• Gold Souk: approximately 15 minutes
• Dubai Mall: approximately 20 minutes
• Dubai International Airport: approximately 20 minutes
• Sharaf DG Metro Station (Green Line): approximately 14 minutes
• Sheikh Zayed Road: approximately 13 minutes

Dubai Maritime City is an emerging waterfront district that has attracted several major developments alongside the Nautica towers, including DAMAC's Coral Reef project. The area benefits from its central coastal position and proximity to established communities such as Bur Dubai and Al Karama.

Verification Notes

Unit-specific facts including 2-bedroom configuration, built-up area of 1,032 sq ft, corner layout, sea and marina views, asking price, original purchase price and price-reduced status are sourced from the agent's brief received on 28 September 2026. The 1,032 sq ft BUA matches the upper end of the 2BR range for Nautica Two (1,000 to 1,032 sq ft per Bayut building data and Select Group's official data showing 1,031.93 sq ft). The agent states 14.7% below OP+DLD; the 14.7% matches the discount from OP alone (427,000 / 2,912,000 = 14.66%). The total seller loss including the 4% DLD fee is 17.9% of their all-in cost. Bayut data shows current 2BR listings ranging from AED 2,699,000 to AED 2,900,000, with an average of approximately AED 2,927,000. DLD data records one 2BR transaction at AED 2,700,000 for a 1,000 sq ft unit. At AED 2,485,000, this listing is AED 214,000 below the lowest current 2BR listing. Construction is 64% complete with handover in Q4 2026. Floor number, unit number, bathroom count, parking count and furnishing status were not stated in the brief and have been omitted. The original purchase price of AED 2,912,000 should be confirmed against the seller's SPA.