Off-Plan 2-Bedroom City View Apartment in Baccarat Residences Tower 1, Downtown Dubai – Below OP

Property Overview

This is an off-plan two-bedroom apartment in Baccarat Residences Tower 1, Downtown Dubai, with a city view. It is offered at AED 20,000,000, which is AED 3,381,699 (14.5%) below the agent-stated original price of AED 23,381,699, for 2,625 sq ft of built-up area, about AED 7,619 per sq ft.

Property Highlights

• Asking price: AED 20,000,000
• Original price (agent-stated): AED 23,381,699
• Saving: AED 3,381,699 (14.5%)
• Built-up area: 2,625 sq ft
• Price per sq ft: approximately AED 7,619
• Bedrooms: 2
• View: city view
• Status: off-plan

Why the Price Qualifies as Below OP

The agent states an original price of AED 23,381,699. At AED 20,000,000, the asking price is AED 3,381,699 lower, a 14.5% discount on the original price. DPF calculated the rate as AED 7,619 per sq ft (AED 20,000,000 divided by 2,625 sq ft).

Confirm the original price against the seller's SPA and Oqood before committing.

About the Project, Developer and Community

Baccarat Hotel & Residences is a Shamal Holding development in Downtown Dubai facing the Burj Khalifa, combining a Baccarat hotel with branded residences across twin towers. The towers were designed by Libeskind with glass façades referencing Baccarat's crystal heritage, with interiors by 1508 London. Published coverage from 2025 reported completion expected in 2026.

Downtown Dubai is Emaar's flagship district around the Burj Khalifa and The Dubai Mall, with Sheikh Mohammed bin Rashid Boulevard at its centre.

Layout, Floor and View

The agent states the apartment has two bedrooms, measures 2,625 sq ft and has a city view. The brief does not give the floor, bathroom count, parking or furnishing, so those are not listed.

Payment Plan and Handover

The brief does not give the amount paid, the remaining balance or the handover date. Confirm the paid amount, remaining instalments, developer transfer requirements and SPA handover date before signing.

Location and Connectivity

The project sits in Downtown Dubai near the Burj Khalifa, with access to Sheikh Zayed Road and Financial Centre Road. DPF does not quote travel times.

Verification Notes

• Agent-supplied: price, original price, size, bedrooms, tower and city view.
• DPF-calculated: saving, discount percentage and price per sq ft.
• External research: developer, design team, branding and expected completion from published coverage.
• Not supplied: floor, bathrooms, parking, furnishing, amount paid and handover date.