The Crestmark 1-Bedroom 8.1% Below OP with Canal View, Business Bay

Property Overview

This 1,100 sq ft one-bedroom apartment at The Crestmark by Ellington in Business Bay is offered as an off-plan resale at AED 2,850,000, against an agent-stated original purchase price of AED 3,100,000. The asking price is AED 250,000 (8.1%) below the original price. The agent describes a floor between the 15th and 20th levels with a full canal view and completion in Q4 2026.

Property Highlights

• Property type: 1-bedroom apartment (off-plan resale)
• Building: The Crestmark by Ellington, Business Bay
• Built-up area: 1,100 sq ft
• Floor: Between the 15th and 20th floors (agent-stated range)
• View: Full canal view (agent-stated)
• Completion: Q4 2026 (agent-stated)
• Asking price: AED 2,850,000 (DLD fee payable in addition, per agent)
• Original purchase price (agent-stated): AED 3,100,000
• Saving versus original price: AED 250,000 (8.1%)
• Price per sq ft: approximately AED 2,591

Why the Price Qualifies as Below OP

The agent brief states an original purchase price of AED 3,100,000 and a selling price of AED 2,850,000. The difference is AED 250,000, or 8.1% below the original price, matching the agent's stated 8.1% discount. Dividing the asking price by 1,100 sq ft gives approximately AED 2,591 per sq ft.

The agent notes the 4% DLD fee alongside the price, which DPF reads as payable by the buyer in addition to the asking price. Measured against the seller's total cost including DLD (about AED 3,224,000), the asking price would be roughly 11.6% lower. The benchmark is the seller's original purchase price as supplied in the agent brief received on 13 October 2026; buyers should confirm it, the amount paid and the outstanding balance against the Sales and Purchase Agreement (SPA) and Ellington's statement of account.

About the Building and Community

The Crestmark is a residential project by Ellington Properties in Business Bay, Dubai. Building amenities were not supplied with this brief and should be confirmed with the developer.

Layout, Floor and View

The agent describes this unit as a 1,100 sq ft one-bedroom apartment on a floor between the 15th and 20th levels, with a full view over the Dubai Water Canal. The exact floor, bathroom count, study or storage, balcony and parking were not supplied and should be confirmed from the SPA and the official floor plan.

Payment Plan and Completion

The agent states completion is expected in Q4 2026. With completion close, a significant balance may fall due at or near handover. The payment plan, amount already paid and remaining balance were not supplied. Confirm these, the DLD fee and any Ellington transfer or NOC fees against the SPA.

Location and Connectivity

The Crestmark is located in Business Bay, Dubai. Specific travel times to nearby destinations have not been verified for this listing.

Verification Notes

• Unit facts (type, building, size, floor range, view, completion, original and asking price) come from the agent brief received on 13 October 2026.
• The saving, percentages, OP-plus-DLD figure and price per sq ft are DPF calculations based on those supplied figures, using the standard 4% DLD fee.
• No payment plan, photographs or documents were supplied with this brief.