Furnished 1-Bedroom Apartment at The 8, Palm Jumeirah, 24.9% Below OP

Property Overview

This furnished one-bedroom apartment at The 8 on Palm Jumeirah is offered at AED 3,025,000 for 857 sq ft of built-up area. The agent gives the original purchase price as AED 4,030,000, so the asking price is AED 1,005,000 below it, a reduction of 24.9%. The seller is described as motivated, and the unit is not under hotel management.

Property Highlights

• Asking price: AED 3,025,000
• Original purchase price: AED 4,030,000 (agent-stated)
• Saving against original price: AED 1,005,000 (24.9%)
• Property type: 1-bedroom apartment
• Built-up area: 857 sq ft
• Price per sq ft: approximately AED 3,530, against roughly AED 4,702 at the original price
• Furnishing: furnished
• Management: not under a hotel management programme (agent-stated)
• Seller: motivated (agent-stated)

Why the Price Qualifies as Below OP

The comparison is against the seller's original purchase price of AED 4,030,000, as stated by the agent. Subtracting the AED 3,025,000 asking price gives a reduction of AED 1,005,000, or 24.9% of the original price. The agent rounds this to 25%, which matches the calculation.

The original price should be confirmed against the seller's SPA or title deed before any offer. The original price does not by itself establish current market value, so buyers may also want to review recent DLD transactions for comparable units at The 8.

About the Project, Developer and Community

The 8 is a beachfront development on the West Crescent of Palm Jumeirah by IFA Hotels & Resorts. It was announced in 2014 as a mix of residential apartments, townhouses and penthouses alongside a hotel-apartment component, with interiors for the hotel apartments created in partnership with the design house Kenzo Maison.

The Crescent forms the outer breakwater of Palm Jumeirah and is home to several of the island's resort hotels. Its position gives buildings direct beach frontage and open views across the Arabian Gulf.

Layout, Furnishing and Management

The agent confirms a one-bedroom layout of 857 sq ft, sold furnished and not enrolled in a hotel management programme. That means the new owner would not be tied into a hotel rental pool and could choose to live in the unit or let it independently, subject to building rules and the title. Floor, view, bathrooms and parking were not supplied and should be confirmed.

Because The 8 includes a hotel-apartment component, buyers should check the unit's title and the building's usage rules to confirm whether any restrictions apply to owner occupancy or short-term letting.

Location and Connectivity

The West Crescent is reached through the Palm Jumeirah tunnel from the trunk, which in turn connects to Sheikh Zayed Road and Dubai Marina. Specific travel times have not been verified for this listing.

Verification Notes

• Agent-supplied facts: project, 1-bedroom layout, 857 sq ft, original price, asking price, 25% below-OP claim, motivated seller, furnished and not under hotel management.
• DPF-calculated figures: savings amount, savings percentage and price per sq ft.
• External research: developer, location and project composition from the developer's launch announcement as published in the press.
• Not supplied: completion and occupancy status, floor, view, bathrooms, parking, service charges and title type.