Semi-Furnished 2-Bedroom Address Residences Zabeel Tower 1 Apartment Below OP

Property Overview

This semi-furnished 2-bedroom off-plan apartment on floor 8 of Address Residences Zabeel Tower 1, Za'abeel, Dubai, is offered at AED 3,000,000 for 1,170 sq ft, about AED 2,564 per sq ft. The asking price is AED 183,324, or 5.8%, below the agent-stated original purchase price of AED 3,183,324. Handover is stated for Q3 2029.

Property Highlights

• Property type: apartment
• Bedrooms: 2
• Size: 1,170 sq ft (agent-stated)
• Asking price: AED 3,000,000
• Original purchase price: AED 3,183,324 (agent-stated)
• Saving: AED 183,324 (5.8%)
• Price per sq ft: about AED 2,564
• Floor: 8 (agent-stated)
• Furnishing: semi-furnished (agent-stated)
• Handover: Q3 2029 (agent-stated)
• Developer: Emaar Properties

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 3,183,324 and an asking price of AED 3,000,000. The difference is AED 183,324, which is 5.8% of the original price. The agent rounded this to about 6%.

The comparison is against the seller's own purchase price, not a dated DLD transaction or independent valuation. Buyers should confirm the original price, amount already paid to Emaar and outstanding balance from the SPA and statement of account.

About the Project, Developer and Community

Address Residences Zabeel is an Emaar Properties development of four towers of 50 to 58 storeys in Za'abeel, beside Sheikh Zayed Road. The project offers more than 1,600 residences, from 1- to 3-bedroom apartments to 4-bedroom penthouses and full-floor homes, with sizes from about 736 sq ft. Expected completion is Q3 2029.

The towers sit close to Zabeel Park, the Dubai Frame, the Museum of the Future and DIFC, with Downtown Dubai and Business Bay a short drive away. Residences are described as including balconies, a laundry room and a foyer.

Layout, Floor and View

The agent states a 1,170 sq ft 2-bedroom layout on floor 8, sold semi-furnished. The view, bathrooms and parking were not supplied. Request the floor plan and SPA unit details before an offer.

Payment Plan and Handover

The agent states handover in Q3 2029, matching the project's expected completion. Project references describe a construction-linked plan with 10% on handover, but this seller's amount paid and remaining instalments were not supplied. Confirm them, and Emaar's resale conditions, in the SPA.

Location and Connectivity

Za'abeel lies between Sheikh Zayed Road and Zabeel Park, next to DIFC and the Trade Centre district, with access to Downtown Dubai and Business Bay. DPF has not verified specific travel times for this tower.

Verification Notes

• Agent-supplied: building and tower, bedrooms, size, floor, furnishing, handover, original price and asking price.
• Calculated by DPF: AED 183,324 saving (5.8%, which the agent rounded to 6%) and about AED 2,564 per sq ft.
• Researched: developer, tower count and heights, unit mix, location in Za'abeel, expected completion and residence features from project references.
• Not supplied: view, bathrooms, parking, amount paid and payment schedule.