Studio in Red Square, JVT – Below Original Price, High Floor

Property Overview

This studio apartment in Red Square by Tiger Properties, Jumeirah Village Triangle, is offered at AED 560,000 against an agent-stated original purchase price of AED 571,000, a saving of AED 11,000 (1.9%). The 326 sq ft off-plan unit is on a high floor, and the agent states handover as the end of 2026.

Property Highlights

• Asking price: AED 560,000
• Original purchase price (agent-stated): AED 571,000, plus DLD paid by the seller
• Saving versus OP: AED 11,000 (1.9%)
• Size: 326 sq ft
• Price per sq ft: approx. AED 1,718
• Floor: high floor
• Status: off-plan resale, handover stated as end of 2026

Why the Price Qualifies as Below OP

The benchmark is the seller's original purchase price of AED 571,000, supplied in the agent brief on 1 October 2026. The asking price of AED 560,000 is AED 11,000 lower, which is 1.9% of the original price. The agent notes the seller also paid the DLD fee on top of the original price; at the standard 4% rate that would have been about AED 22,840, so the seller's total outlay was higher than the original price alone. Dividing the asking price by 326 sq ft gives approximately AED 1,718 per sq ft.

The discount against the original price is small. The brief does not say whether the seller covers the buyer's Dubai Land Department transfer fee; at the standard 4% rate, that would be about AED 22,400 on the asking price, plus trustee and other transaction costs.

About the Project and Developer

Red Square is a two-tower residential development by Tiger Properties in Jumeirah Village Triangle, each tower rising 34 storeys. Published project information describes studios, 1- and 2-bedroom apartments, with studios ranging from roughly 300 to 659 sq ft. Listed facilities include an outdoor pool, gym, children's play area, barbecue area, basketball court and running track.

Layout, Floor and View

The agent describes the studio as being on a high floor. Which of the two towers the unit is in, the exact floor, view, balcony and parking were not supplied and should be confirmed from the floor plan and SPA.

Payment Plan and Handover

The agent states handover as the end of 2026, consistent with the published Q4 2026 completion target. Published project information describes a payment plan with a large share due on handover and a further portion after handover. The amount the seller has already paid and the balance still due were not supplied, so buyers should confirm the paid amount, the handover payment and any post-handover instalments against the SPA and the developer's statement of account before committing.

Location and Connectivity

Jumeirah Village Triangle has road access from Sheikh Mohammed Bin Zayed Road and Al Khail Road, close to Jumeirah Village Circle, Al Barsha South and Dubai Sports City. Actual travel times depend on traffic and route.

Verification Notes

• Agent-supplied facts: building, studio type, size, original price, DLD paid by the seller, asking price, floor and handover.
• Calculated by DPF: saving amount, saving percentage, price per sq ft and indicative 4% DLD figures.
• External research: project facts from published Red Square building information.
• Not verified: the original price, tower, paid amount and availability. Confirm against the SPA and developer records before any payment.