2-Bedroom Corner Apartment in Ocean Point, Mina Rashid – 11.6% Below Original Price

Property Overview

This is a 2-bedroom corner apartment in Emaar's Ocean Point at Mina Rashid, offered as a distress resale at AED 2,200,000. The agent states the original price was AED 2,488,888, so the asking price is AED 288,888, or 11.6%, below the original price. The unit is on a middle floor with a park view.

Property Highlights

• Asking price: AED 2,200,000
• Original price: AED 2,488,888 (agent-stated)
• Saving: AED 288,888 (11.6% below original price, DPF calculation)
• Property type: Apartment, 2 bedrooms
• Position: Corner unit, middle floor
• View: Park
• Status: Off-plan resale
• Developer: Emaar
• Community: Mina Rashid

Why the Price Qualifies as Below OP

The agent supplied an original purchase price of AED 2,488,888 and a selling price of AED 2,200,000. DPF calculates the saving as AED 288,888, which is 11.6% below the original price. The agent describes this as a 12% distress deal; the exact figure is 11.6%. The original price comes from the agent brief and should be confirmed against the SPA before purchase.

About Ocean Point and Mina Rashid

Ocean Point is an off-plan residential project by Emaar at Mina Rashid, the waterfront district now branded Rashid Yachts & Marina. It offers 1, 2 and 3-bedroom apartments and a small number of 3-bedroom townhouses. Planned amenities include a swimming pool, gym, children's play area, tennis court, multi-use games area, barbecue areas, landscaped gardens and retail outlets.

Mina Rashid

Mina Rashid is Dubai's historic port area, being redeveloped by Emaar and Dubai's port authority into a marina community with yacht berths, waterfront promenades and the QE2 ship hotel nearby.

Layout, Floor and View

The agent describes this unit as a 2-bedroom corner apartment on a middle floor with a park view. The built-up area, phase, unit number, bathroom count and parking were not supplied. Published 2-bedroom layouts at Ocean Point range from roughly 1,158 to 1,479 sq ft, so buyers should confirm this unit's exact size from the SPA and floor plan.

Payment Plan and Handover

The amount already paid, remaining instalments and handover date for this unit were not supplied. Buyers should obtain the SPA and an Emaar statement of account to confirm the paid amount, the remaining balance, any post-handover instalments and the current handover date before agreeing terms.

Location and Connectivity

Mina Rashid sits on the coast between Deira and Bur Dubai, close to Port Rashid, with road access towards Downtown Dubai, DIFC and Sheikh Zayed Road. Specific travel times depend on traffic and route and are not quoted here.

Verification Notes

• Unit facts (price, original price, layout, corner position, floor, view) come from the agent brief received on 7 October 2026.
• The saving and percentage were calculated by DPF from the agent's figures.
• The brief did not name a location; the project has been identified as Emaar's Ocean Point at Mina Rashid and should be confirmed.
• Project details come from published Ocean Point information and describe the development, not this specific unit.
• Buyers should verify the SPA, size, paid amount, remaining payments and handover date before making an offer.