2 Bedroom Burj and Creek View Apartment in Address Residences Zabeel Tower 3

Property Overview

This two-bedroom off-plan apartment in Address Residences Zabeel Tower 3 is offered for a quick sale at AED 3,425,000. The agent states the seller's original cost including the 4% DLD fee was AED 3,481,804, so the asking price is AED 56,804 or 1.6% below that figure. The 1,390.05 sq ft unit is in the 01 series on a very high floor with Burj Khalifa and creek views, 60% has been paid and handover is expected in Q3 2029.

Property Highlights

• Property type: Apartment
• Bedrooms: 2
• Built-up area: 1,390.05 sq ft
• Unit series: 01 (agent-stated)
• Asking price: AED 3,425,000
• Original price including DLD: AED 3,481,804 (agent-stated)
• Difference vs OP plus DLD: AED 56,804 (1.6% lower)
• Price per sq ft: approx. AED 2,464 (calculated)
• Floor: Very high floor (agent-stated)
• Views: Burj Khalifa and creek (agent-stated)
• Amount paid: 60% (agent-stated)
• Handover: Q3 2029 (agent-stated)
• Developer: Emaar Properties

How the Price Compares with the Original Cost

Against the agent-stated original cost including DLD of AED 3,481,804, the AED 3,425,000 asking price is AED 56,804 or 1.6% lower.

Removing the 4% DLD fee gives an estimated original purchase price of approximately AED 3,347,888. On that basis, the asking price is about AED 77,112 or 2.3% above the estimated pre-fee price. In practical terms, the seller is recovering the original price and most of the DLD fee, while the buyer pays a new 4% DLD fee on transfer.

Calculation

• AED 3,481,804 minus AED 3,425,000 = AED 56,804 (1.6% below OP plus DLD)
• AED 3,481,804 / 1.04 = approx. AED 3,347,888 estimated OP before DLD
• AED 3,425,000 minus AED 3,347,888 = approx. AED 77,112 above estimated OP
• AED 3,425,000 / 1,390.05 sq ft = approx. AED 2,464 per sq ft

The original cost comes from the agent's resale brief. DPF has not reviewed the seller's SPA.

Payment Position

The agent states 60% has been paid. If that applies to the estimated pre-DLD price, the seller has paid about AED 2,008,733 and around AED 1,339,155 remains payable to Emaar. On that basis, a buyer would pay roughly AED 2,085,845 to the seller and take over the remaining instalments. These are DPF estimates; confirm exact figures from Emaar's statement of account.

About the Project, Developer and Community

Address Residences Zabeel is an Emaar Properties branded residential project in Zabeel, near Zabeel Park and Dubai's central business districts, with views towards Downtown Dubai and Dubai Creek.

Layout, Floor and View

The agent confirms a two-bedroom, 01-series layout of 1,390.05 sq ft on a very high floor with Burj Khalifa and creek views. The exact floor, bathroom count and parking were not supplied and should be confirmed from the SPA and floor plan.

Handover

The agent lists handover as Q3 2029 and states the seller wants to sell as soon as possible. Buyers should confirm the remaining balance, instalment schedule, handover date and Emaar's resale NOC requirements against the seller's SPA.

Verification Notes

• Agent-supplied facts: project, Tower 3, two bedrooms, 1,390.05 sq ft BUA, 01 series, OP plus DLD AED 3,481,804, asking price AED 3,425,000, very high floor, Burj and creek views, 60% paid, Q3 2029 handover and quick sale.
• Calculated by DPF: difference vs OP plus DLD, estimated OP before DLD, price per sq ft and estimated paid and remaining amounts.
• External context: developer and community overview.
• Not supplied: exact floor, bathrooms, parking and service charge.