Four-Bedroom Penthouse at Seapoint (Tower 1, 03 Series), Emaar Beachfront — Priced Below Original Purchase Price

Property Overview

This is a four-bedroom penthouse at Seapoint (Tower 1, 03 series), the Emaar development at Emaar Beachfront. The penthouse has a 4,462 sqft built-up area with a 768 sqft balcony and is offered at AED 24,000,000, which is AED 2,000,000 (7.7%) below the seller-stated original purchase price of AED 26,000,000. It is an off-plan resale, listed as a distress sale below original price.

Property Highlights

• Type: 4-bedroom penthouse
• Built-up area: 4,462 sqft
• Balcony: 768 sqft
• Asking price: AED 24,000,000
• Original purchase price (seller-stated): AED 26,000,000
• Saving vs. original price: AED 2,000,000 (7.7%)
• Rate: AED 5,379 per sqft on built-up area (agent quoted ~AED 5,380)
• Unit: Tower 1, 03 series (agent-stated)
• Developer: Emaar Properties
• Community: Emaar Beachfront

Why the Price Qualifies as Below OP

The classification uses the seller-stated original purchase price of AED 26,000,000 against the current asking price of AED 24,000,000, a difference of AED 2,000,000, or 7.7%. On the 4,462 sqft built-up area the asking price is AED 5,379 per square foot, consistent with the agent's quoted rate of about AED 5,380; the 768 sqft balcony is additional and is not included in the built-up rate. 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

Seapoint is an off-plan residential development by Emaar Properties at Emaar Beachfront, a gated island community within Dubai Harbour with beach access, a marina and views toward the Palm and the Gulf, connected via Sheikh Zayed Road. As an off-plan project, it is under construction toward its handover. Project specifications and the exact completion date should be confirmed against Emaar's official documentation.

Layout, Balcony and View

The agent describes a Tower 1, 03-series four-bedroom penthouse with a 4,462 sqft built-up area and a 768 sqft balcony. Exact floor level, layout, bathrooms, parking, orientation and views should be confirmed on the floor plan and in the Sale and Purchase Agreement.

Payment Plan and Handover

No handover date or payment plan terms were supplied in the brief. As an off-plan resale, the developer payment plan, outstanding balance, handover date and assignment (resale) terms must be confirmed with Emaar and in the SPA before commitment.

Verification Notes

• Agent-supplied facts: 4-bedroom penthouse, BUA 4,462 sqft, balcony 768 sqft, asking price (AED 24,000,000), original purchase price (AED 26,000,000), Tower 1 / 03 series, and quoted rate ~AED 5,380/sqft.
• DPF-calculated figures: savings amount (AED 2,000,000), savings percentage (7.7%), and price per built-up square foot (AED 5,379, matching the agent's ~AED 5,380).
• Rate basis: the per-sqft rate uses the 4,462 sqft built-up area; the 768 sqft balcony is additional and excluded from that rate.
• External project research: Seapoint is confirmed as an off-plan Emaar development at Emaar Beachfront; unit-specific facts and handover were not independently verified.
• The original purchase price is a seller-stated benchmark and has not been checked against a DLD record.