1 Bedroom Pool View Apartment in Ocean Point Tower 2, Rashid Yachts & Marina

Property Overview

This one-bedroom off-plan apartment in Ocean Point Tower 2 by Emaar, Rashid Yachts & Marina, is offered as a distress resale at AED 1,536,000. The agent compares this with the seller's original price plus DLD of AED 1,868,764, a gap of AED 332,764 or 17.8%. The unit measures 805 sq ft, sits on a high floor with a pool view, includes parking and is listed for July 2028 handover.

Property Highlights

• Property type: Apartment
• Bedrooms: 1
• Built-up area: 805 sq ft
• Asking price: AED 1,536,000
• Original price including DLD: AED 1,868,764 (agent-stated)
• Saving vs OP plus DLD: AED 332,764 (17.8%)
• Estimated saving vs OP before DLD: approx. AED 260,888 (14.5%)
• Price per sq ft: approx. AED 1,908 (calculated)
• Floor: High floor (agent-stated)
• View: Pool view (agent-stated)
• Parking: Included (agent-stated)
• Handover: July 2028 (agent-stated)
• Developer: Emaar Properties

Why the Price Qualifies as Below OP

The agent states the seller's original cost was AED 1,868,764 including the 4% Dubai Land Department fee, and that the asking price is 17.8% below that figure. DPF's calculation confirms this: AED 1,868,764 minus AED 1,536,000 is AED 332,764, or 17.8%.

Because the DLD fee is included in that figure, DPF has also estimated the purchase price before DLD by dividing by 1.04, giving approximately AED 1,796,888. Against that estimate, the asking price is about AED 260,888 or 14.5% lower, so the unit remains below OP on either measure.

Calculation

• AED 1,868,764 minus AED 1,536,000 = AED 332,764 (17.8% below OP plus DLD)
• AED 1,868,764 / 1.04 = approx. AED 1,796,888 estimated OP before DLD
• AED 1,796,888 minus AED 1,536,000 = approx. AED 260,888 (14.5% below estimated OP)
• AED 1,536,000 / 805 sq ft = approx. AED 1,908 per sq ft

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

About the Project, Developer and Community

Ocean Point is an Emaar Properties residential project in Rashid Yachts & Marina, Emaar's waterfront community at Mina Rashid on the Bur Dubai coast. The community is built around a marina with residential towers, a waterfront promenade and leisure areas near the historic port district.

Layout, Floor and View

The agent confirms a one-bedroom layout of 805 sq ft on a high floor with a pool view and parking. The exact floor number and bathroom count were not supplied and should be confirmed from the SPA and floor plan.

Payment Plan and Handover

The agent lists handover as July 2028. The payment plan and amount paid were not supplied. Buyers should confirm the remaining balance, instalment schedule, handover date and Emaar's resale NOC requirements against the seller's SPA.

Location and Connectivity

Rashid Yachts & Marina sits on the Bur Dubai waterfront with road access via Sheikh Rashid Road and Al Mina Road, connecting towards Downtown Dubai, DIFC, Deira and Jumeirah. Travel times depend on traffic.

Verification Notes

• Agent-supplied facts: project, Tower 2, one bedroom, 805 sq ft BUA, OP plus DLD AED 1,868,764, asking price AED 1,536,000, 17.8% stated discount, high floor, pool view, parking and July 2028 handover.
• Calculated by DPF: savings against OP plus DLD, estimated OP before DLD and price per sq ft.
• External context: developer and community overview.
• Not supplied: exact floor, bathrooms, payment plan, amount paid and service charge.