One-Bedroom Apartment at Palm Beach Tower 3, Palm Jumeirah — Below Original Price, DLD Covered

Property Overview

This is a one-bedroom apartment at Palm Beach Tower 3, the Nakheel development at the entrance of Palm Jumeirah, with Burj Al Arab views. The 1,065 sqft unit is offered at AED 3,500,000, which is AED 565,152 (13.9%) below the seller-stated original purchase price of AED 4,065,152; the agent describes the deal as below OP with the DLD also covered. It is an off-plan resale with handover stated for April 2027.

Property Highlights

• Type: 1-bedroom apartment
• Size: 1,065 sqft
• Asking price: AED 3,500,000
• Original purchase price (seller-stated): AED 4,065,152
• Saving vs. original price: AED 565,152 (13.9%)
• Additional benefit (agent-stated): DLD transfer fee covered
• Rate: AED 3,286 per sqft
• View: Burj Al Arab view (agent-stated)
• Handover: April 2027 (agent-stated)
• Developer: Nakheel
• Community: Palm Jumeirah

Why the Price Qualifies

The asking price of AED 3,500,000 is AED 565,152 below the seller-stated original purchase price of AED 4,065,152, a reduction of 13.9%, matching the agent's stated figure. At 1,065 sqft the asking price is AED 3,286 per square foot. The agent labels the deal 'below OP+DLD'; the 13.9% 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 agent also notes the unit was repriced by about 13.2% on 31 August. 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

Palm Beach Towers is a beachfront development by Nakheel at the entrance of Palm Jumeirah, Dubai's landmark man-made island, with sea and landmark views and direct beach access. As an off-plan project, it is under construction toward its stated handover. Project specifications and the exact completion date should be confirmed against Nakheel's official documentation.

Layout and View

The agent describes a 1,065 sqft one-bedroom with Burj Al Arab views. 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 April 2027. 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 Nakheel and in the SPA before commitment.

Verification Notes

• Agent-supplied facts: 1-bedroom type, size (1,065 sqft), asking price (AED 3,500,000), original purchase price (AED 4,065,152), DLD-covered claim, Burj Al Arab view, April 2027 handover, and a repricing of about 13.2% on 31 August.
• DPF-calculated figures: savings amount (AED 565,152), savings percentage (13.9%, verified against OP), and price per square foot (AED 3,286).
• 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 13.9% below-OP discount; the DLD coverage is agent-stated and unquantified.
• External project research: Palm Beach Towers is confirmed as an off-plan Nakheel development at Palm Jumeirah; 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.