1-Bedroom Off-Plan Apartment at The Crestmark by Ellington, Business Bay — Below Original Price

Property Overview

This is an off-plan one-bedroom apartment at The Crestmark by Ellington Properties, a waterfront tower on Marasi Drive in Business Bay, set along the Dubai Water Canal. Measuring 1,100 sq ft with a full canal view, it is offered at AED 2,850,000 — AED 250,000 below the seller's stated original purchase price of AED 3,100,000, a discount of about 8.1%, at an indicative AED 2,591 per sq ft. Handover is stated as Q4 2026.

Property Highlights

• Off-plan one-bedroom apartment at The Crestmark, Business Bay
• 1,100 sq ft with a full canal view
• Priced AED 250,000 (about 8.1%) below the stated original purchase price
• Ellington waterfront residence with Dubai Water Canal frontage
• Asking price of AED 2,850,000 (approximately AED 2,591 per sq ft); handover Q4 2026

Why the Price Qualifies as Below OP

The seller states the apartment was originally purchased for AED 3,100,000. Against the current asking price of AED 2,850,000, this represents:

• Savings amount: AED 250,000
• Savings versus original price: about 8.1%
• Indicative rate: approximately AED 2,591 per sq ft, based on the 1,100 sq ft size

The original purchase price is seller-stated and consistent with The Crestmark's one-bedroom launch pricing (around AED 3.06M); buyers should confirm the exact figure against the signed SPA and Dubai Land Department records. The original purchase date was not supplied. For reference, the asking price is also below the original price plus the standard 4% DLD fee (about AED 3,224,000) by roughly AED 374,000 (11.6%).

About the Project, Developer and Location

The Crestmark is an off-plan waterfront residential tower by Ellington Properties in Business Bay, comprising 189 studio to three-bedroom apartments and penthouses over a G+3P+18 structure on Marasi Drive, beside the Dubai Water Canal. The building is known for its canal and Business Bay Marina views and Ellington's design-led interiors with home automation. Amenities include leisure and lounge pools, a kids' pool, a fitness studio and Treadwall, an arcade room with mini-bowling, a secret club room, Kidtropolis, indoor and outdoor yoga areas and a BBQ garden. Handover is stated as Q4 2026.

Layout and View

The brief describes a one-bedroom apartment of 1,100 sq ft with a full canal view. Floor level, bathroom count, parking and furnishing were not supplied and should be confirmed; The Crestmark's apartments are delivered with kitchen appliances as standard. To keep this listing accurate, no unit-specific details beyond those supplied have been added.

Payment Plan and Handover

This is an off-plan resale, so the buyer takes over the seller's position subject to Ellington's transfer process and the signed SPA. The project was structured as 20% on booking, 50% during construction and 30% on handover; the amount paid to date, outstanding balance, transfer fees and the current handover for this unit should be confirmed. Handover is stated as Q4 2026.

Location and Connectivity

Business Bay is a central mixed-use district with the Dubai Water Canal running through it, adjacent to Downtown Dubai and served by major roads and the metro. Specific drive times were not supplied and are not stated here to avoid unverified claims; buyers should confirm distances to their own key destinations.

Verification Notes

• Agent-supplied facts: one-bedroom apartment, 1,100 sq ft, full canal view, off-plan status, AED 2,850,000 asking price, an AED 3,100,000 original purchase price and a Q4 2026 handover.
• Reclassification: this supersedes the earlier Crestmark 1BR draft classified 'OP + DLD Covered' (same unit); the operator has reclassified it as Below OP. Publish only one version.
• Calculated by DPF: savings of AED 250,000 (about 8.1%) and an indicative AED 2,591 per sq ft; consistent with the agent's stated 8.1% below OP.
• Benchmark: seller/owner-supplied original purchase price; original purchase date not supplied and not independently verified against DLD records.
• Researched project facts: developer (Ellington Properties), Business Bay canal-side location, amenities and pricing were taken from developer/market sources; handover supplied as Q4 2026, to be confirmed.
• The agent's "8.1% Below OP" statement is preserved as an attributed agent marketing claim; DPF's own calculation confirms about 8.1%.