1 Bedroom Apartment in Marina Place Phase 2, Mina Rashid – 9% Below Original Price

Property Overview

This is a one-bedroom off-plan apartment of 805 sq ft in Marina Place Phase 2 by Emaar, within Rashid Yachts & Marina at Mina Rashid, Dubai. The asking price is AED 1,920,000 against an agent-stated original purchase price of AED 2,110,888, which is AED 190,888 (9.0%) below OP. The unit sits on a mid floor and is offered as a distress investor resale.

Property Highlights

• Asking price: AED 1,920,000
• Original purchase price (agent-stated): AED 2,110,888
• Saving against OP: AED 190,888 (9.0%)
• Built-up area: 805 sq ft
• Asking rate: approximately AED 2,385 per sq ft (OP rate approximately AED 2,622 per sq ft)
• Bedrooms: 1
• Floor: mid floor
• Status: off-plan resale
• Developer: Emaar

Why the Price Qualifies as Below OP

The agent brief supplies two labelled figures: an original purchase price of AED 2,110,888 and a selling price of AED 1,920,000. Because the asking price is lower than the stated OP, DPF classifies this listing as Below OP.

• Saving: AED 2,110,888 minus AED 1,920,000 equals AED 190,888.
• Percentage: AED 190,888 divided by AED 2,110,888 equals 9.0% below OP.
• Rate per sq ft: AED 1,920,000 divided by 805 sq ft equals approximately AED 2,385.

The benchmark is the seller's original purchase price as reported in the agent brief received on 2026-10-01. It is not a DLD transaction record or a market valuation, so it does not by itself show that the unit is below current market value. Buyers should ask to see the seller's SPA or Oqood registration to confirm the OP figure.

About the Project, Developer and Community

Marina Place Phase 2, marketed by Emaar as Marina Place 2 at Rashid Yachts & Marina, is described by the developer as two towers set above a landscaped podium. Emaar's project page lists residences ranging from one-bedroom apartments to three-bedroom homes, and highlights an infinity pool overlooking the marina among the resident amenities. Secondary project listings also refer to a gym, children's play areas and multipurpose rooms; buyers should confirm the final amenity schedule with the developer.

Rashid Yachts & Marina is Emaar's waterfront marina destination at Mina Rashid, on Dubai's historic port coastline. The community combines residential towers with a yacht marina and a promenade with retail and dining. Emaar positions Marina Place as sitting between the heritage districts of old Dubai and the Downtown area.

Layout, Floor and View

The agent brief confirms a one-bedroom layout of 805 sq ft on a mid floor. The exact floor number, view, bathroom count, parking allocation and unit number were not supplied, so they are not stated here. Ask for the unit's floor plan and the view orientation before committing, as views within Marina Place vary between marina, podium garden and city skyline aspects.

Payment Plan and Handover

The agent brief does not state the remaining payment plan, the amount already paid to the developer or the handover date for this unit. Secondary project sources report an expected project handover around Q4 2028, but this is not a confirmed unit fact. Because this is an off-plan resale, the buyer typically pays the seller for the amount already paid and takes over the remaining developer instalments. Confirm the outstanding balance, the instalment schedule and the anticipated completion date against the SPA and the developer's statement of account before signing.

Location and Connectivity

Mina Rashid lies on the coast close to Bur Dubai and the older parts of the city, with road access towards Sheikh Zayed Road, Downtown Dubai and Dubai International Airport. Travel times depend on traffic and route, so DPF does not quote fixed minutes for this listing.

Verification Notes

• Agent-supplied facts: project, location, property type, bedrooms, size, mid floor, off-plan status, original purchase price and asking price.
• DPF-calculated figures: saving amount, saving percentage and price per sq ft.
• External research: project description and headline amenities from Emaar's official Marina Place 2 page; handover timing from secondary sources only.
• Not supplied: bathrooms, parking, view, exact floor, unit number, amount paid, payment plan and handover date for this unit.