Property Overview
This 1-bedroom furnished apartment in The 8 on Palm Jumeirah is available at AED 2,600,000. The agent states the property is selling at 38% below the original purchase price. Back-calculating from this percentage, the approximate OP is AED 4,194,000, implying a saving of approximately AED 1,594,000. The unit is 857 sqft (AED 3,034 per sqft) with palm and marina views. Ready to move in, completed in 2019 by IFA Hotels and Resorts.
Property Highlights
- Type: 1-bedroom apartment, furnished
- Size: 857 sqft
- Back-calculated OP: approximately AED 4,194,000
- Asking price: AED 2,600,000 (AED 3,034 per sqft)
- Stated discount: 38% below OP
- Approximate saving: AED 1,594,000
- Bathrooms: 2
- Parking: 1
- Views: palm and marina
- Status: ready, completed 2019
- Furnishing: furnished
- Developer: IFA Hotels and Resorts
Why the Price Qualifies as Below OP
The agent states the property is selling at 38% below the original purchase price. The agent did not provide the OP as a figure. Back-calculating: AED 2,600,000 divided by 0.62 equals approximately AED 4,194,000. This back-calculated OP is below the average 1-bedroom DLD transaction price of approximately AED 4,998,159 across 16 historical sales recorded on Property Finder for The 8. The historical average includes transactions from various market conditions and both apartment and hotel apartment registrations.
A 38% loss is significant. The 8 was launched around 2014 and completed in 2019. Buyers who purchased during the pre-completion period (2014 to 2017) may have paid premium off-plan prices that exceeded the values achieved when the Dubai property market softened between 2018 and 2020. The back-calculated OP of approximately AED 4,194,000 is consistent with a purchase during that period.
DLD Transaction Comparison
Recent DLD transactions for 1-bedroom units in The 8 from Property Finder:
- 1 July 2026: AED 2,500,000, hotel apartment, 846 sqft (AED 2,955 per sqft)
- 11 March 2026: AED 3,300,000, apartment, 921 sqft (AED 3,583 per sqft)
- 25 February 2026: AED 3,296,000, hotel apartment, 855 sqft (AED 3,854 per sqft)
- 24 February 2026: AED 3,244,500, hotel apartment, 845 sqft (AED 3,839 per sqft)
The asking price of AED 2,600,000 is below the March 2026 apartment transaction (AED 3,300,000 for 921 sqft) by AED 700,000. It is AED 100,000 above the most recent July 2026 hotel apartment transaction (AED 2,500,000 for 846 sqft). The February 2026 hotel apartment transactions at AED 3,244,500 to AED 3,296,000 for similar-sized units (845 to 855 sqft) are significantly higher than both the July 2026 hotel apartment transaction and the agent's asking price.
The 8 contains both apartment and hotel apartment registrations with DLD. The pricing comparison depends on which type the agent's unit is registered as. The agent describes it as an apartment, but the DLD registration type is not confirmed in the brief.
Agent's Claim: Cheapest in Project
The agent describes this unit as the cheapest in the project. This claim is not supported by available DLD evidence. The July 2026 DLD transaction at AED 2,500,000 for a 1-bedroom hotel apartment is AED 100,000 below the asking price. Without access to all current active listings, the claim cannot be verified and is not endorsed in this listing.
About the Property
The property is a 1-bedroom furnished apartment with a built-up area of 857 sqft. Based on comparable data from Metropolitan Real Estate, 1-bedroom units in The 8 typically have 2 bathrooms and 1 parking space. The unit features palm and marina views, floor-to-ceiling windows, an open-plan layout with natural stone and wood finishes, a fitted kitchen with built-in appliances, built-in wardrobes and a balcony. The interior is designed by Kenzo Maison in a contemporary style described as Miami-inspired.
About The 8
The 8 is a luxury residential complex on The Crescent at Palm Jumeirah, developed by IFA Hotels and Resorts (also associated with Palma Holding and branded as Mansio at The 8). The complex consists of two eight-storey buildings: one houses the Delano Dubai Hotel, and the other contains approximately 300 residential units ranging from 1 to 4 bedroom apartments, duplexes, townhouses and penthouses. Sizes range from 893 to 4,058 sqft. The project was completed in 2019. It is managed in association with Accor Hotels.
Amenities include:
- Private beach access
- Swimming pools (leisure and children's)
- Gymnasium and spa with sauna and steam room
- Tennis court
- Children's playground
- Landscaped gardens and BBQ area
- Restaurant and dining facilities
- Concierge service and valet parking
- Smart home technology
- 24-hour security
Location
The 8 is located on The Crescent of Palm Jumeirah, Dubai. The Crescent wraps around the outer edge of Palm Jumeirah, offering unobstructed sea views. The palm and marina views described by the agent face the Dubai Marina skyline and the Palm fronds.
- Nakheel Mall: approximately 5 minutes
- Atlantis The Palm: approximately 10 minutes
- Dubai Marina: approximately 15 minutes
- Dubai International Airport: approximately 30 minutes
- Downtown Dubai: approximately 25 minutes
Palm Jumeirah offers freehold ownership for foreign buyers.
Verification Notes
Unit-specific facts including 1-bedroom configuration, 857 sqft, AED 2,600,000 asking price, 38% below OP, palm and marina views, furnished status and ready condition are from the agent's brief received on 5 October 2026. The original purchase price of approximately AED 4,194,000 is back-calculated from the stated 38% discount and is not a figure provided by the agent. Buyers should request proof of the original purchase price. The 2-bathroom and 1-parking specifications are from Metropolitan Real Estate data for 1-bedroom units in The 8 and are not confirmed by the agent. The DLD registration type (apartment vs hotel apartment) is not specified. The agent's claim of cheapest in project is not supported by available DLD data, which includes a July 2026 transaction at AED 2,500,000 below the asking price. The building completion date of 2019, developer identity and amenities are from Metropolitan Real Estate, Luxhabitat and 1newhomes project pages.
