Three-Bedroom Apartment at Club Place, Dubai Hills Estate — Priced Below Original Purchase Price

Property Overview

This is a three-bedroom apartment at Club Place, the Emaar development in Dubai Hills Estate, in a brand-new building. The 1,551 sqft unit is offered at AED 3,310,000, which is AED 376,888 (10.2%) below the seller-stated original purchase price of AED 3,686,888. It is listed as a distress sale below original price.

Property Highlights

• Type: 3-bedroom apartment
• Size: 1,551 sqft
• Asking price: AED 3,310,000
• Original purchase price (seller-stated): AED 3,686,888
• Saving vs. original price: AED 376,888 (10.2%)
• Rate: AED 2,134 per sqft
• Condition: brand-new building (agent-stated)
• Developer: Emaar Properties
• Community: Dubai Hills Estate

Why the Price Qualifies as Below OP

The classification uses the seller-stated original purchase price of AED 3,686,888 against the current asking price of AED 3,310,000, a difference of AED 376,888, or 10.2%. At 1,551 sqft the asking price is AED 2,134 per square foot. The benchmark is the original purchase price supplied in the brief; it is not a DLD transaction or a dated market comparison, and DPF has not independently verified it.

About the Project, Developer and Community

Club Place is a residential development by Emaar Properties in Dubai Hills Estate, a master-planned community around the Dubai Hills Golf Club and Dubai Hills Park, with Dubai Hills Mall, schools and connectivity via Al Khail Road. The building is stated to be brand new; buyers should confirm the completion and handover status with the developer. Project specifications should be confirmed against Emaar's official documentation.

Layout and Condition

The agent describes a 1,551 sqft three-bedroom in a brand-new building. Exact floor level, layout, bathrooms, parking, view and orientation should be confirmed on the floor plan and in the Sale and Purchase Agreement.

Verification Notes

• Agent-supplied facts: 3-bedroom type, size (1,551 sqft), asking price (AED 3,310,000), original purchase price (AED 3,686,888), and brand-new building.
• DPF-calculated figures: savings amount (AED 376,888), savings percentage (10.2%), and price per square foot (AED 2,134).
• Name correction: the brief named the project 'Club Palace'; the Emaar project at Dubai Hills Estate is 'Club Place'. The name has been corrected to Club Place — confirm this is the intended building.
• The brief note 'covered agents only' is an internal agency/transaction term and is not published as a property fact.
• External project research: Club Place is confirmed as an Emaar development in Dubai Hills Estate; unit-specific facts were not independently verified. The original purchase price is seller-stated and unverified.