Rented 3 Bed in Marsa Plaza, Dubai Festival City – High Floor Waterfront, Below Original Price

Property Overview

This ready three-bedroom apartment in Marsa Plaza Core 1, Dubai Festival City, is offered at AED 3,550,000 for 2,353 sq ft. The agent describes it as a high-floor waterfront unit with two parking spaces, currently rented at AED 300,000 a year. The stated original purchase price is AED 3,665,000, so the asking price is AED 115,000 (3.1%) below OP.

Property Highlights

• Asking price: AED 3,550,000
• Original purchase price (agent-stated): AED 3,665,000
• Saving versus OP: AED 115,000 (3.1%)
• Built-up area: 2,353 sq ft
• Rate: approximately AED 1,509 per sq ft
• Floor: high floor (exact floor not supplied)
• Setting: waterfront (agent-stated)
• Parking: 2 spaces (agent-stated)
• Tenancy: rented at AED 300,000 per year (agent-stated)
• Indicative gross yield at asking price: 8.5% (calculated)
• Status: ready

Why the Price Qualifies as Below OP

The benchmark is the seller's original purchase price of AED 3,665,000, from the agent brief received on 14 October 2026. The asking price of AED 3,550,000 is AED 115,000 lower, equal to 3.1% of OP. Dividing the asking price by 2,353 sq ft gives about AED 1,509 per sq ft.

This is a modest discount, and it compares the price only with the seller's own purchase price. It is not a claim that the unit is below current market value. Confirm the original price from the title deed or SPA.

Rental income

The agent states the apartment is rented at AED 300,000 a year. Against the asking price, that is an indicative gross yield of about 8.5%, before service charges, maintenance, vacancy and fees. Buyers should verify the rent, payment schedule and lease end date from the registered Ejari contract, because an existing tenancy normally transfers with the property.

About the Project, Developer and Community

Marsa Plaza is a high-rise residential development by Al-Futtaim on Festival Boulevard in the Marsa Al Khor district of Dubai Festival City. It holds around 510 residences, from apartments to duplexes, with views over Dubai Creek and towards Burj Khalifa. Published amenities include a gym, fitness studios, outdoor swimming pools and covered parking. Day-to-day retail such as a supermarket, a dry cleaner and restaurants is close by, and Marsa Al Khor Park is nearby.

Layout, Floor and View

The agent describes a 2,353 sq ft three-bedroom apartment on a high floor in Core 1, with a waterfront outlook and two parking spaces. The exact floor, view direction, bathroom count and furnishing have not been supplied and should be confirmed with the agent and the title deed.

Payment and Transfer

As a ready, tenanted resale, the purchase would normally proceed with a Form F (MOU), an Al-Futtaim NOC and transfer at the Dubai Land Department, with the tenancy assigned to the new owner. Confirm whether any mortgage needs releasing, how much rent has already been collected for the current term, and the service charge.

Location and Connectivity

Dubai Festival City lies on the eastern bank of Dubai Creek, with access towards Dubai International Airport, Business Bay and Downtown Dubai via Ras Al Khor Road and the Business Bay Crossing. Exact travel times depend on the route and time of day and have not been verified for this listing.

Verification Notes

• Agent-supplied facts: building, unit type, size, high floor, waterfront setting, ready status, AED 300,000 annual rent, two parking spaces, asking price and original price.
• DPF-calculated figures: saving amount, saving percentage, price per sq ft and indicative gross yield.
• External research: developer, location, unit count, unit mix and amenities, from a Property Finder building guide.
• Not supplied: exact floor, view, bathrooms, furnishing, lease end date, unit number and service charge.