Property Overview
A 1-bedroom apartment in Address Residences Dubai Creek Harbour by Emaar, The Lagoons at AED 1,895,888 for 750 sqft, equalling AED 2,528 per sqft. 9.3% below the original price of AED 2,090,000, saving AED 194,112. Park view. Access to Creek Beach (man-made waterfront). Off-plan with handover expected Q1 2029.
Property Highlights
- Type: 1-bedroom apartment (Address branded residence)
- Size: 750 sqft
- Asking price: AED 1,895,888
- Original price: AED 2,090,000
- Saving: AED 194,112 (9.3%)
- Rate: AED 2,528 per sqft
- View: Park
- Handover: Q1 2029 (all portal sources; agent says Q4 2028)
Below OP Analysis
The asking price of AED 1,895,888 is AED 194,112 (9.3%) below the stated OP of AED 2,090,000. Including the 4% DLD fee the seller paid at purchase (AED 83,600), the seller's total loss is approximately AED 277,712 (12.5% of total investment).
DLD Context
DLD-registered sales in Address Residences DCH range from AED 2,551 to AED 3,885 per sqft (November 2025 to August 2026). The building median is approximately AED 2,700 per sqft. At AED 2,528 per sqft, this listing is at the low end of the registered range, confirming the price is competitive against recent closed sales.
Active Listings (1BR)
- AED 2,050,000 for 767 sqft (Dubizzle, advertised as below OP, high floor)
- AED 2,080,000 for 780 sqft (Dubizzle, park view)
- AED 2,150,000 for 757 sqft (fam Properties, park view)
- AED 2,199,999 for 810 sqft (Dubizzle)
- AED 2,488,000 for 740 sqft (fam Properties)
At AED 1,895,888, this listing is at or below the lowest active asking price for a 1BR in the building. Aigents Realty shows 36 active 1BR listings starting from approximately AED 1.9M. Multiple units are being advertised as below-cost resales.
Handover Date Discrepancy
The agent states Q4 2028. Every portal source (Property Finder, fam Properties, Bayut, Dubizzle, Aigents Realty) lists the handover as Q1 2029, with Dubizzle specifying January 2029. As of May 2026, the project was reported at approximately 26% completion. The Q1 2029 date is the more reliable figure. Buyers should verify directly with Emaar and factor the remaining construction period (over 2 years) into their investment timeline.
Creek Beach Access
The agent mentions private beach. This refers to Creek Beach, a man-made waterfront beach within Dubai Creek Harbour featuring a Crystal Lagoon. Creek Beach is a community amenity shared by multiple residential buildings, not a private beach exclusive to this tower. The beach offers a 700-metre stretch with swimming, lounging and dining facilities. It is not a natural sea beach.
About Address Residences Dubai Creek Harbour
A branded residential tower by Emaar Properties within The Lagoons district of Dubai Creek Harbour. Managed by Address Hotels and Resorts (Emaar Hospitality). Approximately 35 to 39 floors (sources vary) with roughly 326 residential units. The building offers Address hotel-level services including in-room dining, housekeeping, laundry and concierge. Amenities include infinity pool, spa, gym, tennis courts, sauna, steam room, jacuzzi, residents lounge, smart home systems and retail on the ground floor.
About Dubai Creek Harbour
A master-planned waterfront district by Emaar along Dubai Creek, between Al Jaddaf and Festival City. The development includes the iconic Dubai Creek Tower (under construction), Creek Beach with Crystal Lagoon, a 7 km Discovery Loop walking trail and approximately 500,000 sqm of parks. Freehold ownership. The community is accessible via Al Khail Road and Ras Al Khor Road, with Dubai Metro connections planned. Established towers include Creek Rise, Creek Gate, Harbour Gate and Palace Residences.
Rental Potential
fam Properties estimates approximately AED 90,000 per year for a 757 sqft 1BR in this building. At AED 1,895,888 purchase price and AED 90,000 annual rent, the gross yield would be approximately 4.7%. Comparable 1BR rents in established Dubai Creek Harbour buildings (Address Harbour Point, Creek Residences, Palace Residences) range from AED 111,000 to AED 121,000. Once handed over, a branded Address residence may command a premium. Rental estimates are indicative; no rental history exists for this building as it is under construction.
Verification Notes
The asking price, OP, size and park view are from the agent brief. The 750 sqft is within the confirmed 1BR range (735 to 900 sqft). The 9.3% saving is verified (194,112 divided by 2,090,000). Handover is Q1 2029 per portal consensus, not Q4 2028 as the agent states. The private beach claim refers to shared Creek Beach access. Parking allocation is unclear (some sources show 0 bays for 1BR units; verify with agent). Remaining developer payment obligations should be confirmed (standard plan is 10% booking, 70% construction, 20% handover). Assignment or transfer fees and Emaar NOC requirements apply.