Mid-Floor 1 Bedroom Apartment in Palace Residences North, Dubai Creek Harbour at 7.0% Below OP with Park View

Property Overview

This is a 1 bedroom apartment in Palace Residences North, Dubai Creek Harbour, offered at AED 2,000,000. The unit measures 645 sq ft and is priced AED 150,000 (7.0%) below the seller's stated original purchase price of AED 2,150,000. The agent describes it as a mid-floor unit with a park view, and the seller is looking for a quick sale.

Property Highlights

• Asking price: AED 2,000,000
• Original purchase price (agent-stated): AED 2,150,000
• Saving vs OP: AED 150,000 (7.0%)
• Size: 645 sq ft
• Rate: approx. AED 3,101 per sq ft
• Floor: mid floor (agent-stated)
• View: park view (agent-stated)
• Status: off-plan resale

Why the Price Qualifies as Below OP

The agent brief states an original purchase price of AED 2,150,000 and an asking price of AED 2,000,000. The difference is AED 150,000, which is 7.0% of the original price. At the asking price the apartment works out at roughly AED 3,101 per sq ft, compared with about AED 3,333 per sq ft at the original price. According to the brief, the seller has reduced the price from AED 2.15M to AED 2.0M for an urgent sale.

The comparison is against the seller's own purchase price only. It is not a claim that the apartment is below current market value, and buyers should confirm the original price against the SPA.

About the Project, Developer and Community

Palace Residences North is an Emaar Properties development on Creek Island within Dubai Creek Harbour. Emaar offers 1, 2 and 3 bedroom apartments and 3 bedroom waterfront townhouses in the project, positioned beside the Palace hotel, with residents able to use the hotel's spa and dining facilities.

Residential amenities listed by Emaar include an infinity-edge pool, a children's play area and pool, a gym and a dedicated yoga room. Creek Island itself is planned around a central green park, a marina, a yacht club and hotels.

Floor and View

The agent states that the apartment is on a mid floor and overlooks a park. The exact floor number, unit number, bathroom count, parking and orientation were not supplied. Request the floor plan and unit number from the seller to confirm the view and layout before committing.

Payment Plan and Handover

No unit-specific payment details or handover date were supplied in the brief. Secondary market sources list the project's original plan as 10% on booking, 70% during construction and 20% on handover, with estimated completion in Q2 2027. These are project-level figures, not confirmed terms for this unit. Confirm the amount paid, outstanding balance, transfer conditions and handover timing against the SPA and an Emaar statement of account.

Location and Connectivity

Emaar describes the project as a short walk from the Palace hotel and connected to Dubai Creek Harbour's internal transport network. The community gives road access to Downtown Dubai and Dubai International Airport. Emaar also notes planned Dubai Metro expansion serving the area.

Verification Notes

• Agent-supplied: bedrooms, size, original price, asking price, price reduction, urgency, mid floor and park view.
• Calculated by DPF: AED 150,000 saving, 7.0% below OP and AED 3,101 per sq ft.
• External research: developer, location, unit mix and amenities from Emaar's project page; payment plan and completion estimate from secondary portals only.
• Not yet supplied: unit number, exact floor, bathrooms, parking, paid amount, service charge and photographs.