2 Bed at Ocean Point by Emaar, Mina Rashid – 13.8% Below Original Price, Handover June 2028

Property Overview

This two-bedroom off-plan apartment at Ocean Point by Emaar in Mina Rashid is offered at AED 2,100,000 for 1,256 sq ft. The agent states an original purchase price of AED 2,436,888, which puts the asking price AED 336,888 (13.8%) below OP. The unit is on a 90/10 payment plan, and handover is stated for June 2028.

Property Highlights

• Asking price: AED 2,100,000
• Original purchase price (agent-stated): AED 2,436,888
• Saving versus OP: AED 336,888 (13.8%)
• Built-up area: 1,256 sq ft
• Rate: approximately AED 1,672 per sq ft
• Payment plan (agent-stated): 90/10
• Handover (agent-stated): June 2028
• Price history (agent-stated): reduced from AED 2,193,200 to AED 2,180,000, then to AED 2,100,000 between 10 and 12 October

Why the Price Qualifies as Below OP

The benchmark is the seller's original purchase price of AED 2,436,888, from the agent brief received on 14 October 2026. The asking price of AED 2,100,000 is AED 336,888 lower, equal to 13.8% of OP, which matches the agent's stated 13.8%. Dividing the asking price by 1,256 sq ft gives about AED 1,672 per sq ft.

The seller has cut the price twice in a few days, according to the agent. This comparison is with the seller's own purchase price only; it is not a claim that the unit is below current market value.

About the Project, Developer and Community

Ocean Point is a waterfront residential project by Emaar Properties in Rashid Yachts and Marina, the redeveloped harbour at Mina Rashid near the QE2 hotel. The first phase went on sale in July 2024 across two buildings. It offers one- to three-bedroom apartments and three-bedroom townhouses; published two-bedroom layouts start at about 1,260 sq ft. Listed amenities include an infinity pool, shared and children's pools, a gym, a children's play area, jogging tracks, BBQ areas and beach access.

Layout, Floor and View

The agent describes a 1,256 sq ft two-bedroom apartment. Building, floor, view, bathroom count and parking have not been supplied and should be confirmed from the SPA and unit floor plan.

Payment Plan and Handover

The agent describes the payment plan as 90/10, which matches Emaar's published plan for the first phase: 10% on booking, 80% during construction and 10% on handover. The amount the seller has already paid was not supplied. A buyer should obtain Emaar's statement of account to see what remains payable, including instalments falling due before the June 2028 handover. Confirm the handover date in the SPA.

Location and Connectivity

Mina Rashid sits on the coast at Port Rashid, next to Bur Dubai and close to Jumeirah, Downtown Dubai and Dubai Maritime City. Exact travel times depend on the route and time of day and have not been verified for this listing.

Verification Notes

• Agent-supplied facts: project, unit type, size, asking price, original price, price reductions, 90/10 plan and June 2028 handover.
• DPF-calculated figures: saving amount, saving percentage and price per sq ft.
• External research: location, launch date, building count, unit mix, published sizes, payment-plan structure and amenities for Ocean Point phase one, from a secondary property portal rather than an official Emaar page.
• Not supplied: amount paid, building or phase, floor, view, bathrooms, parking, unit number and service charge.