2BR Corner Apartment at Ocean Cove, Mina Rashid, 10% Below OP

Property Overview

This two-bedroom corner apartment at Ocean Cove by Emaar, Mina Rashid, is listed at AED 2,450,000. That is AED 270,888 (10.0%) below the original purchase price of AED 2,720,888. The unit has 1,285 sq ft of built-up area and a pool view, and the asking price works out to about AED 1,907 per sq ft. The agent gives handover as Q4 2027.

Property Highlights

• Asking price: AED 2,450,000
• Original purchase price: AED 2,720,888 (agent-stated)
• Below OP: AED 270,888 (10.0%)
• Bedrooms: 2
• Built-up area: 1,285 sq ft
• Price per sq ft: AED 1,907 (versus AED 2,117 at OP)
• Unit position: Corner unit
• View: Pool view
• Handover: Q4 2027 (agent-stated)
• Developer: Emaar

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 2,720,888. At AED 2,450,000, the asking price is AED 270,888 lower, a discount of 10.0%. This matches the agent's description of the deal as about 10% below OP. The figure comes from the agent's resale brief; DPF has not seen the SPA. Buyers should confirm it against the Emaar sale and purchase agreement or the Oqood certificate.

About Ocean Cove and Mina Rashid

Ocean Cove is an Emaar Properties project at Rashid Yachts & Marina in Mina Rashid, the waterfront district beside Port Rashid. Public project listings describe it as a two-tower development of one- to three-bedroom apartments, with a canal-style pool, an infinity pool, a waterfront promenade, a gym, children's facilities and retail space. Mina Rashid sits close to Jumeirah, Bur Dubai and the Al Shindagha area.

Layout, Floor and View

The agent describes this as a corner unit with a pool view. Corner layouts usually have windows on two sides. The floor level, number of bathrooms, parking and unit number were not supplied and should be confirmed with the floor plan.

Payment Plan and Handover

The agent states handover as Q4 2027. Some public listings show the project's handover as Q3 2028, so buyers should confirm the current scheduled date with Emaar. The amount the seller has paid and the remaining instalments were not supplied. For an off-plan resale, request the Emaar statement of account and confirm the resale NOC conditions before agreeing terms.

Verification Notes

• Agent-supplied facts: project, location, 2-bedroom corner layout, 1,285 sq ft, pool view, Q4 2027 handover, original purchase price and asking price.
• DPF-calculated figures: discount amount and percentage, and price per sq ft at the asking price and at OP.
• External research: tower count, unit range and amenities come from public project listings, not an Emaar document.
• Not supplied: floor, tower, bathrooms, amount paid and remaining payment schedule.