1 Bedroom Apartment 18% Below OP in VYB by Ginco, Business Bay

Property Overview

This 1 bedroom apartment in VYB by Ginco, Business Bay is asking AED 1,320,000. The original purchase price was AED 1,615,000, placing the asking price AED 295,000 (18.3%) below the original price. The unit offers at least 700 sq.ft with a Burj Khalifa view. Handover is imminent, approximately 25 days from the date of the agent's brief. The agent describes this as a hot distress sale with a motivated seller.

Property Highlights

• Type: 1 bedroom apartment
• Size: 700+ sq.ft (minimum stated)
• View: Burj Khalifa
• Original purchase price: AED 1,615,000
• Asking price: AED 1,320,000
• Savings: AED 295,000 (18.3% below OP)
• Maximum rate: AED 1,886 per sq.ft (based on 700 sq.ft minimum)
• Handover: approximately 25 days

Why the Price Qualifies as Below OP

The agent states the original purchase price was AED 1,615,000 and the asking price is AED 1,320,000, representing a saving of AED 295,000. This equates to 18.3% below the original price. The agent described the discount as 19.5%, but the arithmetic from the stated figures (295,000 / 1,615,000) produces 18.3%. The difference may reflect additional costs the agent factored in (such as DLD) or a rounding difference.

For context, developer starting prices for 1 bedroom apartments in VYB were AED 1,300,000 to AED 1,330,000. This unit's original price of AED 1,615,000 was above starting, likely reflecting a premium floor, Burj Khalifa view, or larger layout. At AED 1,320,000, the buyer acquires a premium-positioned unit at a price close to the developer's original starting range for base units. The original price should be verified against the seller's SPA.

About VYB by Ginco

VYB is a 17-storey residential tower in Business Bay, developed by Ginco Properties (backed by the GINCO Group with over 40 years of construction and engineering experience). The project offers 168 units comprising 134 one-bedroom and 34 two-bedroom apartments, with sizes from 648 to 1,032 sq.ft. The building is LEED Gold Certified for environmental sustainability.

Amenities include an infinity edge pool with pool deck lounge, gymnasium, spa and jacuzzi, co-working lounge with meeting pods, BBQ areas, landscaped gardens, children's pool and play area, EV charging stations, and covered parking. The building is located off Al Asayel Street near the Dubai Canal.

Burj Khalifa View

The agent describes a Burj Khalifa view from this apartment. VYB is located in Business Bay, which sits at the base of Downtown Dubai where the Burj Khalifa stands. Higher-floor units in VYB oriented toward the north can capture direct Burj Khalifa views. The exact view composition depends on the unit's floor and orientation and should be confirmed through a site visit or verified against the floor plan.

Imminent Handover

The agent states handover in approximately 25 days from the brief date, placing it around early September 2026. VYB was originally scheduled for completion between September 2025 and Q1 2026. Some sources indicate the project has been completed. The near-term handover means the buyer would receive the unit shortly after the transaction, minimising the waiting period associated with off-plan purchases. The exact handover date and any final payments should be confirmed with Ginco Properties.

Verification Notes

The bedroom count, approximate size (700+ sq.ft), Burj Khalifa view, original purchase price, asking price, and approximate 25-day handover are sourced from the agent's resale brief received on 14 August 2026. The agent stated a 19.5% discount; the calculated discount from the stated prices is 18.3%. The exact BUA should be confirmed against the SPA, as 1 bedroom units in VYB range from 648 to 840 sq.ft. The price per sq.ft of AED 1,886 is calculated using the minimum stated BUA of 700 sq.ft and represents the maximum possible rate. The bathroom count, floor number, and parking allocation were not stated and have been omitted. Stable project facts are drawn from Bayut, Everhomes, DubaiHomesOnline, and Binayah project pages. Buyers should verify all facts, obtain a NOC from Ginco Properties, and seek independent legal advice before proceeding.