3-Bedroom + Maid Off-Plan Apartment at Baystar by Vida, Rashid Yachts & Marina — Below Original Price (incl. DLD)

Property Overview

This is an off-plan three-bedroom apartment with a maid's room at Baystar by Vida, an Emaar Properties development branded by Vida Hotels & Resorts in Rashid Yachts & Marina, Dubai. Measuring 1,700 sq ft with a full sea view and balcony, it is offered at AED 5,600,000 — AED 1,265,964 below the seller's stated original purchase price of AED 6,865,964 (including DLD), a discount of about 18.4%, at an indicative AED 3,294 per sq ft. Handover is scheduled for Q4 2029.

Property Highlights

• Off-plan three-bedroom-plus-maid apartment at Baystar by Vida, Rashid Yachts & Marina
• 1,700 sq ft with a full sea view and balcony
• Priced AED 1,265,964 (about 18.4%) below the stated original cost including DLD
• Vida-branded waterfront residence with marina promenade and private beach
• Asking price of AED 5,600,000 (approximately AED 3,294 per sq ft); handover Q4 2029

Why the Price Qualifies as Below OP

The seller states the apartment was originally purchased for AED 6,865,964, a figure stated as including DLD — the original buyer's total acquisition cost. Against the current asking price of AED 5,600,000, this represents:

• Savings amount: AED 1,265,964
• Savings versus the stated original cost: about 18.4%
• Indicative rate: approximately AED 3,294 per sq ft, based on the 1,700 sq ft size

The brief described this as "below OP + DLD," which DPF has classified under the CMS value "Below OP," using the AED 6,865,964 all-in cost as the benchmark. The implied base original price (about AED 6.6M) matches Baystar's three-bedroom launch pricing (from around AED 6.7M), so the original cost is credible and the asking price sits below launch levels, supporting the distress positioning. Buyers should confirm the exact original price and DLD against the signed SPA and Dubai Land Department records. The original purchase date was not supplied.

About Baystar by Vida, Rashid Yachts & Marina and Emaar

Baystar by Vida is an off-plan, two-tower waterfront development by Emaar Properties, the first Vida Hotels & Resorts-branded residential project in Rashid Yachts & Marina (Port Rashid / Mina Rashid), a marina community on the Arabian Gulf between Sheikh Rashid Road and Al Mina Road. The mid-rise towers hold a limited collection of one to four-bedroom apartments (sizes from about 728 to 2,949 sq ft) with floor-to-ceiling glazing, open-plan layouts and private balconies overlooking the marina and sea. Amenities include an infinity pool with marina views, a gym and wellness areas, a private beach, a retail and dining promenade, landscaped green spaces and superyacht marina access, with Vida hospitality services. The community connects to Downtown Dubai and Dubai International Airport, near Dubai Maritime City and Dubai Creek. Handover is scheduled for Q4 2029 (December 2029).

Layout, View and Handover

The brief describes a three-bedroom apartment with a maid's room of 1,700 sq ft with a full sea view and balcony. Bathroom count, parking, floor and furnishing were not supplied and should be confirmed. To keep this listing accurate, no unit-specific details beyond those supplied and standard project features have been added.

Payment Plan and Handover

This is an off-plan resale, so the buyer takes over the seller's position subject to Emaar's transfer process and the signed SPA. The project was offered on an 80/20 plan (10% down); the amount paid to date, outstanding balance, transfer fees and exact handover for this unit should be confirmed. Handover is scheduled for Q4 2029.

Location and Connectivity

Rashid Yachts & Marina sits at Port Rashid on the Arabian Gulf coast, between Bur Dubai and Deira, minutes from Sheikh Zayed Road and Downtown Dubai. Specific drive times were not supplied and are not stated here to avoid unverified claims; buyers should confirm distances to their own key destinations.

Verification Notes

• Agent-supplied facts: three-bedroom-plus-maid apartment, 1,700 sq ft, full sea view, balcony, off-plan, AED 5,600,000 asking price, an AED 6,865,964 original cost stated as including DLD, and a Q4 2029 handover.
• Deal classification: mapped from 'Below OP + DLD' to the CMS-valid 'Below OP', with the AED 6,865,964 all-in cost as the benchmark. Calculated by DPF: savings of AED 1,265,964 (about 18.4%) and an indicative AED 3,294 per sq ft; consistent with the agent's 18.4%.
• Anomaly check: the implied base OP (~AED 6.6M) matches the 3-bedroom launch price (~AED 6.7M), so the original cost is credible; the asking is below launch, supporting distress positioning. Confirm the OP against the SPA/DLD.
• Researched project facts: developer (Emaar Properties, Vida-branded), Baystar 3-bedroom pricing, sizes, amenities and Q4 2029 handover were taken from Emaar/market sources.
• The agent's "18.4% Below OP + DLD | Full Sea View | Balcony" statement is preserved as an attributed agent marketing claim; DPF's own calculation confirms about 18.4%.