1 Bedroom Lagoon View Apartment in DAMAC Lagoon Views 3, Below OP

Property Overview

This brand-new one-bedroom apartment in DAMAC Lagoon Views 3, DAMAC Lagoons, is offered as a distress resale at AED 1,080,000 against an agent-stated original purchase price of AED 1,277,000, which is AED 197,000 or 15.4% below OP before DLD. The unit measures 763.7 sq ft, has a full crystal lagoon view and is listed for 2027 handover.

Property Highlights

• Property type: Apartment
• Bedrooms: 1
• Built-up area: 763.7 sq ft
• Asking price: AED 1,080,000
• Original purchase price: AED 1,277,000 plus DLD (agent-stated)
• Saving vs OP: AED 197,000 (15.4%)
• Saving vs OP plus 4% DLD: approx. AED 248,080 (18.7%)
• Price per sq ft: approx. AED 1,414 (calculated)
• View: Full crystal lagoon view (agent-stated)
• Condition: Brand new (agent-stated)
• Handover: 2027 (agent-stated)
• Agent states the seller will pay the outstanding balance
• Agent states transfer must complete by 15 November

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 1,277,000, with the 4% DLD fee paid on top. Against the OP alone, the AED 1,080,000 asking price is AED 197,000 or 15.4% lower. Adding the 4% DLD fee gives the seller's total cost of approximately AED 1,328,080, making the asking price about AED 248,080 or 18.7% below that figure.

Calculation

• AED 1,277,000 minus AED 1,080,000 = AED 197,000 (15.4% below OP)
• AED 1,277,000 × 1.04 = approx. AED 1,328,080 (OP plus DLD)
• AED 1,328,080 minus AED 1,080,000 = approx. AED 248,080 (18.7% below OP plus DLD)
• AED 1,080,000 / 763.7 sq ft = approx. AED 1,414 per sq ft

The original price comes from the agent's resale brief. DPF has not reviewed the seller's SPA.

Payment and Transfer Terms

The agent states the seller will pay the outstanding balance owed to DAMAC and that the transfer must be completed by 15 November. Buyers should obtain the DAMAC statement of account and confirm in writing exactly which amounts the seller will clear, whether any balance remains for the buyer, and the transfer timeline.

The agent also notes that two units are available at AED 1,080,000 each. This listing covers one unit; the second unit's details should be confirmed separately.

About the Project, Developer and Community

Lagoon Views is a residential apartment project by DAMAC Properties within DAMAC Lagoons, a Mediterranean-themed master community off Sheikh Mohammed Bin Zayed Road near DAMAC Hills. The community is planned around crystal lagoons, beach areas and landscaped clusters.

Layout and View

The agent confirms a one-bedroom layout of 763.7 sq ft with a full crystal lagoon view. The floor, bathroom count and parking allocation were not supplied and should be confirmed from the SPA and floor plan.

Handover

The agent lists handover as 2027. The exact quarter and DAMAC's resale NOC requirements should be confirmed in the SPA and with DAMAC.

Verification Notes

• Agent-supplied facts: project, one bedroom, 763.7 sq ft BUA, OP AED 1,277,000 plus DLD, asking price AED 1,080,000, two units at this price, full crystal lagoon view, brand new, 2027 handover, seller paying outstanding balance and transfer by 15 November.
• Calculated by DPF: savings against OP and OP plus DLD, and price per sq ft.
• External context: developer and community overview.
• Not supplied: floor, bathrooms, parking, exact handover quarter and service charge.