One-Bedroom at Address Residences, Dubai Hills Estate — Priced Below Original Purchase Price

Property Overview

This is a one-bedroom apartment at Address Residences, Dubai Hills Estate, the Address-branded Emaar development in the Dubai Hills Estate community. The 752 sqft unit has a park view and is offered at AED 2,000,000, which is AED 100,000 (4.8%) below the seller's stated original purchase price of AED 2,100,000. It is an off-plan resale with handover stated for Q1 2029, listed as a distress sale below original price.

Property Highlights

• Type: 1-bedroom apartment
• Size: 752 sqft
• Asking price: AED 2,000,000
• Original purchase price (seller-stated): AED 2,100,000
• Saving vs. original price: AED 100,000 (4.8%)
• Rate: AED 2,660 per sqft
• View: park view (agent-stated)
• Handover: Q1 2029 (agent-stated)
• Developer: Emaar Properties
• Community: Dubai Hills Estate

Why the Price Qualifies as Below OP

The classification uses the seller-stated original purchase price of AED 2,100,000 against the current asking price of AED 2,000,000. The savings amount is AED 2,100,000 minus AED 2,000,000, equal to AED 100,000, or 4.8% below the original price. At 752 sqft the asking price is AED 2,660 per square foot. The benchmark is the original purchase price supplied in the agent brief; it is not a DLD transaction or a dated market comparison, and DPF has not independently verified the original purchase figure.

About the Project, Developer and Community

Address Residences at Dubai Hills Estate is an Address-branded residential development by Emaar Properties within Dubai Hills Estate, a master-planned community built around the Dubai Hills Golf Club and Dubai Hills Park, with Dubai Hills Mall, schools and connectivity via Al Khail Road. As an off-plan project, it is under construction toward its stated handover. Project specifications and the exact completion date should be confirmed against Emaar's official documentation.

Layout and View

The agent describes a one-bedroom unit of 752 sqft with a park view. Exact floor level, layout, bathrooms, parking and orientation should be confirmed on the floor plan and in the Sale and Purchase Agreement.

Payment Plan and Handover

Handover is stated by the agent as Q1 2029. No payment plan terms were supplied in the brief; any developer instalment or post-handover structure, outstanding balance and assignment (resale) terms must be confirmed with Emaar and in the SPA before commitment.

Verification Notes

• Agent-supplied facts: 1-bedroom type, size (752 sqft), asking price (AED 2,000,000), original purchase price (AED 2,100,000), park view, and Q1 2029 handover.
• DPF-calculated figures: savings amount (AED 100,000), savings percentage (4.8%), and price per square foot (AED 2,660).
• External project research: Address Residences at Dubai Hills Estate is confirmed as an off-plan Emaar development; unit-specific facts were not independently verified.
• The original purchase price is a seller-stated benchmark and has not been checked against a DLD record.