Studio Apartment at Binghatti Starlight, Al Jaddaf — Priced Below Original Purchase Price

Property Overview

This is a studio apartment at Binghatti Starlight in Al Jaddaf, Dubai, offered at AED 790,000. The 451 sqft unit is priced AED 45,000 (5.4%) below the seller-stated original purchase price of AED 835,000, and the agent notes multiple units are available. It is listed as a distress sale below original price.

Property Highlights

• Type: Studio apartment
• Size: 451 sqft
• Asking price: AED 790,000
• Original purchase price (seller-stated): AED 835,000
• Saving vs. original price: AED 45,000 (5.4%)
• Rate: AED 1,752 per sqft
• Availability: multiple units available (agent-stated)
• Developer: Binghatti Developers
• Community: Al Jaddaf

Why the Price Qualifies as Below OP

The classification uses the seller-stated original purchase price of AED 835,000 against the current asking price of AED 790,000. The savings amount is AED 45,000, which is 5.4% below the original price and matches the agent's stated AED 45,000 reduction. At 451 sqft the asking price is AED 1,752 per square foot. 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

Binghatti Starlight is a residential development by Binghatti Developers located in Al Jaddaf, a central Dubai district near Dubai Creek, Dubai Healthcare City and the Creek waterfront, with metro access and connectivity via Sheikh Rashid Road and Al Khail Road. Project specifications, completion status and handover should be confirmed against Binghatti's official documentation.

Verification Notes

• Agent-supplied facts: studio type, size (451 sqft), asking price (AED 790,000), original purchase price (AED 835,000), and multiple units available.
• DPF-calculated figures: savings amount (AED 45,000), savings percentage (5.4%), and price per square foot (AED 1,752).
• LOCATION CORRECTION: the brief listed the location as JVC, but Binghatti Starlight is documented in Al Jaddaf, Dubai. The area has been set to Al Jaddaf. If the agent intended a different Binghatti project that is actually in JVC, confirm the exact project name.
• Completion status: no handover date was supplied and it was not independently confirmed, so ready/off-plan status is left unset pending confirmation.
• The original purchase price is a seller-stated benchmark and has not been checked against a DLD record. 'Urgent deal' is agent marketing language, not a DPF-verified fact.