2-Bedroom Apartment in Altus Tower 2, Dubai Creek Harbour, 16.1% Below Original Price

Property Overview

This two-bedroom apartment in Altus Tower 2, Dubai Creek Harbour, is offered at AED 2,300,000 for 1,155 sq ft of built-up area. The asking price is AED 439,888 below the agent-stated original purchase price of AED 2,739,888, a discount of 16.1%, or about AED 1,991 per square foot. The seller is paying the developer resale penalty and NOC fee.

Property Highlights

• Property type: 2-bedroom apartment
• Building: Altus Tower 2, Dubai Creek Harbour
• Developer: Emaar Properties
• Built-up area: 1,155 sq ft
• Asking price: AED 2,300,000
• Original purchase price (agent-stated): AED 2,739,888
• Discount to OP: AED 439,888 (16.1%)
• Price per sq ft: approx. AED 1,991
• Floor: middle floor
• View: canal and park view
• Seller pays: developer resale penalty and NOC fee

Why This Apartment Qualifies as Below OP

DPF classifies this listing as Below OP because the asking price is lower than the original purchase price supplied in the agent brief. AED 2,739,888 minus AED 2,300,000 equals AED 439,888. Divided by the original price, that is a 16.1% reduction.

The benchmark is the seller's original purchase price as stated by the agent on 7 October 2026. It is not a comparison with current market value or recent DLD transactions, so this page does not claim the apartment is priced below market.

Seller-Paid Penalty and NOC

According to the agent, the seller will cover the developer's resale penalty and the NOC (no-objection certificate) fee. In Dubai off-plan resales, the developer may charge a fee or penalty when a unit is resold before a set share of the price has been paid. Here that cost stays with the seller rather than being added to the buyer's outlay. The amounts were not supplied, so buyers should get written confirmation of both in the sale agreement.

About Altus, Emaar and Dubai Creek Harbour

Altus is a twin-tower residential project by Emaar Properties in Dubai Creek Harbour. It offers one- to three-bedroom apartments, and project information lists shared facilities such as swimming pools, fitness centres, children's play areas and pools, yoga spaces and multipurpose rooms.

Dubai Creek Harbour is Emaar's waterfront master community beside Dubai Creek and the Ras Al Khor Wildlife Sanctuary, planned around parks, promenades, canals and retail.

Layout, Floor and View

The agent describes the unit as a two-bedroom apartment of 1,155 sq ft on a middle floor with canal and park views. The exact floor number, bathroom count, balcony size and parking allocation were not supplied and should be confirmed from the SPA and floor plan.

Payment Plan and Handover

Project information indicates Altus is under construction, with handover expected in Q1 2028, and a developer plan of 80/20 for original buyers. For this resale, the amount already paid to Emaar, the remaining balance and the instalment schedule were not supplied. Buyers should confirm these figures, and the current expected handover date, against the seller's SPA and the developer's statement of account before agreeing terms.

Location and Connectivity

Dubai Creek Harbour sits along the creek, close to Ras Al Khor Road and with access towards Downtown Dubai and Dubai International Airport. Travel times depend on route and traffic, so buyers should check commutes to their own key destinations.

Verification Notes

• Agent-supplied facts: property type, bedrooms, size, original purchase price, asking price, middle floor, canal and park view, and seller-paid penalty and NOC.
• DPF-calculated figures: discount amount, discount percentage and price per sq ft.
• External project research: developer, twin-tower format, unit range, amenities, expected handover and the original developer payment plan, drawn from project listings and not from Emaar directly.
• Not supplied: amount paid to date, remaining balance, bathrooms, parking, exact floor, and the penalty and NOC amounts. These must be verified before purchase.