3 Bedroom + Maid Top-Floor Penthouse in Sunset Bay 3, Dubai Island, Below OP

Property Overview

This three-bedroom plus maid's room top-floor penthouse in Sunset Bay 3 by Imtiaz, Dubai Island, is offered as a distress resale at AED 3,500,000 against an agent-stated original purchase price of AED 4,300,000, which is AED 800,000 or 18.6% below OP. It comes fully furnished with two parking spaces, 50% has been paid and handover is expected in two to three months.

Property Highlights

• Property type: Penthouse
• Bedrooms: 3 plus maid's room
• Floor: Top floor (agent-stated)
• Asking price: AED 3,500,000
• Original purchase price: AED 4,300,000 (agent-stated)
• Saving vs OP: AED 800,000 (18.6%)
• Agent-cited lowest comparable: AED 4,100,000
• Gap vs lowest comparable: AED 600,000 (14.6%)
• Amount paid: 50% (agent-stated)
• Furnishing: Fully furnished (agent-stated)
• Parking: 2 spaces
• Handover: in about 2–3 months (agent-stated)
• Developer: Imtiaz Developments

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 4,300,000 and an asking price of AED 3,500,000. The difference is AED 800,000, which is 18.6% of the original price.

The agent also cites a lowest comparable listing of AED 4,100,000. Against that figure, the asking price is AED 600,000 or 14.6% lower. The comparable's date, unit type and source were not supplied, so it is shown here as supporting context only.

Calculation

• AED 4,300,000 minus AED 3,500,000 = AED 800,000 (18.6% below OP)
• AED 4,100,000 minus AED 3,500,000 = AED 600,000 (14.6% below the cited comparable)

The original price comes from the agent's resale brief. DPF has not reviewed the seller's SPA. The built-up area was not supplied, so no price per square foot is shown.

Payment Position

The agent states 50% of the price has been paid. If that applies to the AED 4,300,000 OP, the seller has paid about AED 2,150,000 and around AED 2,150,000 remains payable to Imtiaz. On that basis, a buyer would pay roughly AED 1,350,000 to the seller and take over the remaining developer balance. These are DPF estimates; buyers should confirm the exact amounts from the developer's statement of account.

About the Project, Developer and Community

Sunset Bay is a residential project by Imtiaz Developments on Dubai Island, released in numbered phases. Dubai Island is a waterfront island development off the Deira coast with beaches, marinas and resort-style residential projects.

Layout and Position

The agent confirms a three-bedroom plus maid's room penthouse on the top floor, fully furnished with two parking spaces, and describes it as the only three-bedroom unit in the building. The built-up area, terrace size, bathroom count and view were not supplied and should be confirmed from the SPA and floor plan.

Handover and Timing

The agent states handover is expected in two to three months and that the seller must close within a week. Buyers should confirm the handover date, remaining balance and Imtiaz's resale NOC requirements before committing, and allow for these checks within the short closing window.

Verification Notes

• Agent-supplied facts: project and phase, penthouse, three bedrooms plus maid, top floor, only three-bedroom unit in the building, 50% paid, fully furnished, two parking spaces, OP AED 4,300,000, asking price AED 3,500,000, lowest comparable AED 4,100,000, handover in two to three months and one-week closing.
• Calculated by DPF: savings against OP and the cited comparable, and estimated paid and remaining amounts.
• External context: developer and community overview.
• Not supplied: built-up area, view, bathrooms, exact handover date and service charge.