Property Overview
A 5-bedroom standalone villa (B-Type 2) in Chevalia Fields at Grand Polo Club and Resort by Emaar Properties at AED 8,400,000 for 5,150 sqft BUA on a 5,700 sqft plot. 9.7% below the original price of AED 9,300,000, saving AED 900,000. Directly backing a landscaped park. 40% paid to Emaar (60% remaining). Off-plan with handover Q2 2029.
Property Highlights
- Type: 5BR standalone villa (B-Type 2)
- BUA: 5,150 sqft (confirmed as 5,153 sqft per project specs)
- Plot: 5,700 sqft
- Bathrooms: 8
- Asking price: AED 8,400,000
- Original price: AED 9,300,000
- Saving: AED 900,000 (9.7%)
- Rate: AED 1,631 per sqft (BUA)
- Position: Directly on park (park-backing)
- Paid: 40% (AED 3,720,000 to Emaar)
- Remaining: 60% (AED 5,580,000 to Emaar)
- Handover: Q2 2029 (April 2029)
- NOC: Ready for issuance
Below OP Analysis
The asking price of AED 8,400,000 is AED 900,000 (9.7%) below the stated OP of AED 9,300,000. The OP is credible: Property Finder's project page shows 5BR villas starting from AED 9.2 million, and multiple B-Type 1 listings (4,932 sqft BUA) are marketed at AED 9,186,211 to AED 9,200,000 as OP deals. The B-Type 2 (5,153 sqft BUA) commands a slightly higher OP due to the extra space.
At AED 1,631 per sqft (BUA), the buyer gets a meaningful discount from the OP of AED 1,806 per sqft. The seller paid 40% of AED 9,300,000 = AED 3,720,000 plus DLD 4% (AED 372,000), totalling AED 4,092,000 invested. Including the loss on resale, the seller's total loss is approximately AED 1,272,000 (AED 900,000 price discount plus AED 372,000 DLD).
Competing Below-OP Listings
- AED 8,000,000 for 5,506 sqft (Bayut, park views)
- AED 8,050,000 for 5,506 sqft (Bayut, park facing)
- AED 8,200,000 for 5,681 sqft (Bayut, corner, park facing)
- AED 8,390,000 for 5,425 sqft BUA (DNL Properties, 8% below OP, on park)
The cheapest 5BR listings are AED 8,000,000 to AED 8,200,000, though these have different sizes and configurations. At AED 8,400,000, this listing is within the below-OP cluster but not the cheapest option.
Villa Type and Configuration
Chevalia Fields offers five villa configurations:
- 5BR A, Type 1: 8,615 sqft BUA (7 bathrooms) - large format
- 5BR A, Type 2: 8,606 sqft BUA (7 bathrooms) - large format
- 5BR B, Type 1: 4,932 sqft BUA (8 bathrooms) - smaller standalone
- 5BR B, Type 2: 5,153 sqft BUA (8 bathrooms) - smaller standalone
- 4BR, Type 3: 4,165 sqft BUA (6 bathrooms)
This listing is the B-Type 2 (5,153 sqft BUA), the larger of the two smaller-format 5BR villas. All are standalone with no shared walls.
Payment Structure
Emaar payment plan: 10% down, 70% during construction (in 10% installments) and 20% on handover. 40% paid means the seller has completed the 10% down plus three construction installments. Remaining 60% = AED 5,580,000 to Emaar. Buyer's financial breakdown:
- Upfront to seller: AED 8,400,000 minus AED 5,580,000 remaining = AED 2,820,000
- Remaining to Emaar: AED 5,580,000 (per construction and handover schedule)
- DLD: AED 336,000 (4%)
- Agency: AED 176,400 (2% plus VAT)
- Admin and NOC: approximately AED 5,000
- Total buyer cost: approximately AED 8,917,400
About Chevalia Fields at Grand Polo Club and Resort
A villa community within the Grand Polo Club and Resort masterplan (5.54 million sqm) by Emaar Properties. Launched March 2025 with 179 villas in 4BR and 5BR configurations. The masterplan features three championship polo fields, an equestrian centre with stables for 180 horses, a riding school, a 5,600 sqm clubhouse with dining, wellness and spa, padel and sports courts, a forest walk, community pools and 1.59 million sqm of open space (28.7% of total area). Location: near Dubai Investment Park, accessible via Sheikh Mohammed bin Zayed Road (E311). Freehold.
Handover Note
The agent states Q1 2029. Property Finder's registered handover date is Q2 2029 (April 30, 2029). Emaar typically delivers on or near the registered date. Buyers should plan for Q2 2029.
Verification Notes
The asking price, OP, BUA, plot size, Type 2, standalone, park-backing, 40% paid and NOC readiness are from the agent brief. The BUA of 5,150 sqft matches the confirmed B-Type 2 specification of 5,153 sqft. The OP of AED 9,300,000 is consistent with project pricing. The 9.7% saving is verified (900,000 divided by 9,300,000). Handover is Q2 2029 per Property Finder (agent says Q1 2029, 1 to 3 months optimistic). Competing 5BR below-OP listings are available from AED 8,000,000.