1-Bedroom Apartment in Altura 1, WAADA Dubai South – Below Original Price, 15% Paid

Property Overview

This 1-bedroom apartment in Altura 1 at WAADA, Dubai South, is offered as a distress resale at AED 860,000 against an agent-stated original purchase price of AED 917,000, a saving of AED 57,000 (6.2%). The 757 sq ft off-plan unit has an open green and pool view, 15% has been paid according to the agent, and handover is stated as Q1 2029.

Property Highlights

• Asking price: AED 860,000
• Original purchase price (agent-stated): AED 917,000
• Saving versus OP: AED 57,000 (6.2%)
• Size: 757 sq ft
• Price per sq ft: approx. AED 1,136
• View: open green and pool view (agent-stated)
• Paid to date: 15% (agent-stated), about AED 137,550
• Status: off-plan resale, handover stated as Q1 2029

Why the Price Qualifies as Below OP

The benchmark is the seller's original purchase price of AED 917,000, supplied in the agent brief on 1 October 2026. The asking price of AED 860,000 is AED 57,000 lower, which is 6.2% of the original price. Dividing the asking price by 757 sq ft gives approximately AED 1,136 per sq ft.

The brief does not say whether the seller covers the Dubai Land Department transfer fee, so buyers should assume they will pay it. At the standard 4% rate, that would be about AED 34,400 on the asking price, plus trustee and other transaction costs.

About the Project, Developer and Community

Altura is a 35-storey residential tower within WAADA, a master-planned community in Dubai South developed by BT Properties. Published project information describes studios, 1- and 2-bedroom apartments, with 1-bedroom layouts of roughly 744 to 757 sq ft, so this unit matches the largest 1-bedroom type. Listed facilities include an infinity pool with Jacuzzi, children's pool, gym, rooftop terrace, landscaped gardens and a sports area.

WAADA is planned with schools, healthcare, retail, mosques and a large share of green and open space, close to Al Maktoum International Airport and Expo City Dubai.

Layout, Floor and View

The agent describes this as the best layout in the building with an open green and pool view. The floor, bathroom count, balcony and parking were not supplied and should be confirmed from the floor plan and SPA.

Payment Plan and Handover

The agent states that 15% of the original price has been paid, about AED 137,550, leaving roughly AED 779,450 still due to the developer under the original payment plan. A buyer would normally reimburse the seller's paid amount and take over the remaining instalments, which for this project run through construction and on handover. The agent states handover as Q1 2029, while published project information gives Q2 2029. Confirm the paid amount, instalment schedule and handover date against the SPA and the developer's statement of account before committing.

Location and Connectivity

Dubai South sits around Al Maktoum International Airport and Expo City Dubai, with road access from Sheikh Mohammed Bin Zayed Road and Emirates Road. Actual travel times depend on traffic and route.

Verification Notes

• Agent-supplied facts: building (given as "Ultra 1"), bedrooms, size, original price, asking price, view, percentage paid and handover.
• Calculated by DPF: saving amount, saving percentage, price per sq ft, paid and remaining amounts from the stated 15%, and indicative 4% DLD fee.
• External research: project and community facts from published Altura and WAADA information.
• Not verified: the original price, paid amount, view and availability. Confirm against the SPA and developer records before any payment.