Fully Paid 1-Bedroom Apartment in Renascent Tower at Original Price

Property Overview

This off-plan 1-bedroom apartment in Renascent Tower is offered at its original purchase price of AED 850,000, with 100% of the price already paid according to the agent. The unit measures 652 sq ft on the 3rd floor, which works out to about AED 1,304 per sq ft. Handover is stated as Q4 2027.

Property Highlights

• Property type: Apartment
• Bedrooms: 1
• Built-up area: 652 sq ft
• Floor: 3rd
• Asking price: AED 850,000
• Original price: AED 850,000 (as stated by the agent)
• Price per sq ft: approximately AED 1,304
• Payment: 100% paid
• Handover: Q4 2027 (as stated by the agent)
• Building: Renascent Tower
• Location: MBR City (Meydan), as stated by the agent

Why This Is Listed as Off-Plan Distress

The agent states an original price and asking price of AED 850,000, so the seller is exiting at cost. There is no discount to the original price, and DPF does not present this as a below-OP deal. The agent's description of it as the lowest price available has not been verified. It is classified as off-plan distress because the building is still under construction and the seller is offering a fully paid unit at its purchase price.

For a buyer, the appeal is a fully paid unit with no remaining developer instalments, according to the agent, at the original price.

About Renascent Tower

Renascent Tower is an off-plan residential building offering 1- and 2-bedroom apartments. Portal data mentions a swimming pool, fitness centre, landscaped gardens, children's play area, covered parking and 24-hour security, but the published project details are inconsistent on location, unit count and handover date, so buyers should rely on the SPA for project facts.

Unit Details

The agent confirms a 1-bedroom layout of 652 sq ft on the 3rd floor, fully paid. View, bathrooms, parking and furnishing were not supplied. Request the floor plan and SPA.

Payment Plan and Handover

The agent states the apartment is 100% paid with handover in Q4 2027. Confirm the payment status with the developer's statement of account, and confirm the handover date, as portal sources give either Q4 2027 or Q1 2028.

Verification Notes

• Agent-supplied facts: 1 bedroom, 652 sq ft, 3rd floor, 100% paid, handover Q4 2027, MBR City location, lowest-price claim, OP AED 850,000, selling price AED 850,000.
• DPF calculations: about AED 1,304 per sq ft. No savings, as the price equals the stated OP.
• External research: limited portal data with inconsistent location, unit count and handover date; no official developer page was found.
• Not supplied: developer, view, bathrooms, parking and furnishing.