What is the asking price of this Pier Point 1 apartment?
The asking price is AED 1,655,000 for a one-bedroom apartment on a middle floor of Pier Point 1 by Emaar, Mina Rashid.
1 Bedroom Canal View Apartment in Pier Point 1, Mina Rashid, 15.1% Below OP
AED 1,655,000 was AED 1,950,000
| Deal type | Below OP |
| Price | AED 1,655,000 |
| Original price | AED 1,950,000 |
| Saving | AED 295,000 (15.1%) |
| Bedrooms | 1 |
| Type | Apartment |
| Status | Off-Plan |
| Handover | Q4 2028 |
| Developer | Emaar Properties |
| Area / Master development | Mina Rashid |
| Sub-community / Phase | Pier Point 1 |
| Community | Mina Rashid |
Property Overview
This one-bedroom off-plan apartment in Pier Point 1 by Emaar, Mina Rashid, is offered as a distress resale at AED 1,655,000 against an agent-stated original purchase price of AED 1,950,000, which is AED 295,000 or 15.1% below OP. The unit sits on a middle floor with canal and city views, and handover is expected in Q4 2028.
Property Highlights
- Property type: Apartment
- Bedrooms: 1
- Asking price: AED 1,655,000
- Original purchase price: AED 1,950,000 (agent-stated)
- Saving vs OP: AED 295,000 (15.1%)
- Floor: Middle floor (agent-stated)
- Views: Canal and city (agent-stated)
- Handover: Q4 2028 (agent-stated)
- Developer: Emaar Properties
Why the Price Qualifies as Below OP
The agent states an original purchase price of AED 1,950,000 and an asking price of AED 1,655,000. The difference is AED 295,000, which is 15.1% of the original price, in line with the agent's description of 15% below OP.
Calculation
- AED 1,950,000 minus AED 1,655,000 = AED 295,000
- AED 295,000 / AED 1,950,000 = 15.1% below OP
The built-up area was not supplied, so no price per square foot is shown. The original price comes from the agent's resale brief, and DPF has not reviewed the seller's SPA.
About the Project, Developer and Community
Pier Point is an Emaar Properties residential project at Mina Rashid on the Bur Dubai waterfront, a marina district close to Port Rashid with residential towers, a waterfront promenade and leisure areas.
Layout, Floor and View
The agent confirms a one-bedroom apartment on a middle floor with canal and city views. The built-up area, exact floor, bathroom count and parking were not supplied and should be confirmed from the SPA and floor plan.
Payment Plan and Handover
The agent lists handover as Q4 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
Mina Rashid sits on the Bur Dubai coast 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 and building, one bedroom, OP AED 1,950,000, asking price AED 1,655,000, 15% stated discount, middle floor, canal and city views and Q4 2028 handover.
- Calculated by DPF: savings amount and savings percentage.
- External context: developer and community overview.
- Not supplied: built-up area, exact floor, bathrooms, parking, payment plan, amount paid and service charge.
Frequently asked questions
How far below the original price is it?
The agent-stated original purchase price is AED 1,950,000. At AED 1,655,000, the unit is AED 295,000 or 15.1% below OP, as calculated by DPF.
What views does the apartment have?
The agent states the unit has canal and city views.
What is the size of the apartment?
The built-up area was not supplied. Confirm it from the SPA and floor plan.
When is handover?
The agent lists handover as Q4 2028. Confirm the date in the SPA and with Emaar.
Who is the developer?
Pier Point is developed by Emaar Properties at Mina Rashid, Dubai.
Buyer costs
What you will pay
Dubai transfer costs for an off-plan unit. Every figure editable — NOC is set by the developer and varies.
AED
| Sale price | — |
| DLD transfer fee | — |
| NOC fee | — |
| Trustee / registration | — |
| Agency fee | — |
| VAT on agency (5%) | — |
Total cost
—
Full payment schedule and unit details are released to qualified buyers on enquiry.
Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.
Finance
Mortgage estimate
Off-plan: UAE lenders generally finance at handover. Plan the position you will be in.
AED
| Down payment | — |
| Loan amount | — |
| Total interest | — |
| Total repaid | — |
Monthly payment
—
Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.
Read our full property verification methodology →
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