2 Bedroom Apartment on 40th Floor of Nautica Two, Maritime City, 12.5% Below Original Price

Property Overview

This 2-bedroom apartment on the 40th floor of Nautica Two, Dubai Maritime City, is offered at AED 2,450,000, which is AED 350,000 below the original purchase price of AED 2,800,000, a reduction of 12.5%. The unit features sea and marina views from a beachfront building that is approximately 80% complete. The seller has paid 40% with the remaining 60% due on handover, expected between December 2026 and February 2027.

Property Highlights

• 2-bedroom apartment, 40th floor
• Sea and marina views
• Beachfront building, approximately 80% construction completed
• Asking price: AED 2,450,000
• Original purchase price: AED 2,800,000
• Saving: AED 350,000 (12.5% below OP)
• 40% paid, 60% due on handover
• Expected handover: December 2026 to February 2027
• Developer: Select Group

Built-Up Area Note

The agent brief does not state the built-up area for this unit. According to Select Group's published floor plans, 2-bedroom apartments in Nautica Two are available in Type A (1,000 sqft) and Type B (1,032 sqft). Buyers should confirm the exact unit type and size with the seller.

Why This Price Qualifies as Below OP

The seller's original purchase price is stated as AED 2,800,000. The current asking price of AED 2,450,000 represents a reduction of AED 350,000, equivalent to 12.5% below the original price.

For additional market context, the agent notes that lower floors in Nautica Two are currently listed from AED 2,700,000 on Property Finder. This 40th-floor unit at AED 2,450,000 is priced below those lower-floor listings, which supports the below-OP positioning. However, secondary portal listings are provided as context only and should not be treated as verified market valuations.

Payment Structure

The seller has paid 40% of the original purchase price, consistent with Nautica Two's 40/60 payment plan (40% during construction, 60% on handover). The remaining 60% balance is due on handover. Buyers should verify the exact outstanding amount and confirm the transfer terms with the seller and Select Group before committing.

About Nautica Two

Nautica Two is a 49-storey residential tower by Select Group in Dubai Maritime City. The tower comprises approximately 328 apartments in 1 and 2-bedroom configurations, with sizes ranging from 615 to 1,032 sqft. Nautica Two is one of two towers (alongside Nautica One) in the Nautica development, featuring waterfront architecture with copper-toned design accents. Both towers are scheduled for completion in Q4 2026.

Amenities include a swimming pool, fitness centre, residents' lounge, retail outlets at podium level and direct access to the Maritime City beachfront. Select Group is a Dubai-based developer known for projects including Peninsula, Jumeirah Living Marina Gate and The EDGE at Business Bay.

About Dubai Maritime City

Dubai Maritime City is a 227-acre man-made peninsula situated between Port Rashid and Dubai Drydocks. The development combines commercial, residential, retail and maritime industry components. Recent infrastructure improvements have established road connections to Sheikh Zayed Road and the wider city network. The area is undergoing significant development with multiple residential towers and waterfront amenities under construction.

Location and Connectivity

Nautica Two sits on the Dubai Maritime City peninsula with road access to Sheikh Zayed Road and Al Khail Road. The area is near Downtown Dubai, Business Bay, Dubai Mall, the Gold Souk and Dubai International Airport. The Rashidiya and Al Jafiliya Metro stations are accessible via the wider road network. Buyers should verify specific travel times independently.

Verification Notes

The asking price, original purchase price, 40th-floor position, sea and marina views, beachfront status, construction progress (approximately 80%), payment status (40% paid) and handover window (December 2026 to February 2027) are sourced from the agent brief received in September 2026. The built-up area was not stated. The savings calculation of AED 350,000 (12.5%) is derived from the difference between the stated original price and the asking price. The agent's reference to Property Finder listings from AED 2,700,000 for lower floors is provided as supporting market context only. Project details are drawn from Select Group and secondary market sources. Buyers should independently confirm all figures, including the original SPA, exact unit size, payment history, remaining balance and handover date, with the developer before committing.