One-Bedroom Apartment at DAMAC Casa, Dubai Media City — Below Original Price, DLD Covered

Property Overview

This is a one-bedroom apartment at DAMAC Casa, the DAMAC Properties tower on Al Sufouh Road at Dubai Media City, with partial Palm Jumeirah views. The 946 sqft unit is offered at AED 2,400,000, which is AED 664,880 (21.7%) below the seller-stated original purchase price of AED 3,064,880; the agent describes the deal as below OP with the DLD also covered. It is an off-plan resale with handover stated for Q1 2028.

Property Highlights

• Type: 1-bedroom apartment
• Size: 946 sqft
• Asking price: AED 2,400,000
• Original purchase price (seller-stated): AED 3,064,880
• Saving vs. original price: AED 664,880 (21.7%)
• Additional benefit (agent-stated): DLD transfer fee covered
• Rate: AED 2,537 per sqft
• View: partial Palm Jumeirah view (agent-stated)
• Handover: Q1 2028 (agent-stated)
• Developer: DAMAC Properties
• Community: Dubai Media City (Al Sufouh 1)

Why the Price Qualifies

The asking price of AED 2,400,000 is AED 664,880 below the seller-stated original purchase price of AED 3,064,880, a reduction of 21.7%, matching the agent's stated figure. At 946 sqft the asking price is AED 2,537 per square foot. The agent labels the deal 'below OP+DLD'; the 21.7% is the verified below-OP discount, and the DLD-covered element is an additional agent-stated benefit that is not separately quantified here (no DLD amount supplied). The benchmark is a seller-stated original purchase price, not a DLD transaction or a dated market comparison, and DPF has not independently verified it.

About the Project, Developer and Community

DAMAC Casa is an off-plan residential tower by DAMAC Properties on Al Sufouh Road, at the edge of Dubai Media City and Al Sufouh 1, close to Palm Jumeirah, Dubai Internet City and the tram network with connectivity via Sheikh Zayed Road and 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 DAMAC's official documentation.

Layout and View

The agent describes a one-bedroom unit of 946 sqft with a partial Palm Jumeirah 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 2028. No payment plan terms were supplied; the stated DLD coverage, any developer instalment or post-handover structure, the outstanding balance and assignment (resale) terms must be confirmed with DAMAC and in the SPA before commitment.

Verification Notes

• Agent-supplied facts: 1-bedroom type, size (946 sqft), asking price (AED 2,400,000), original purchase price (AED 3,064,880), DLD-covered claim, partial Palm view, and Q1 2028 handover.
• DPF-calculated figures: savings amount (AED 664,880), savings percentage (21.7%, verified against OP), and price per square foot (AED 2,537).
• Deal type: the agent labelled this 'below OP+DLD', which is not a CMS value; mapped to 'OP + DLD Covered'. The verifiable component is the 21.7% below-OP discount; the DLD coverage is agent-stated and unquantified.
• Location: the brief states Dubai Media City; the tower is on Al Sufouh Road at the Media City / Al Sufouh 1 border. Confirm the canonical DPF area spelling (Dubai Media City vs Al Sufouh).
• External project research: DAMAC Casa is confirmed as an off-plan DAMAC development; unit-specific facts were not independently verified. The original purchase price is seller-stated and unverified against a DLD record.