Corner 2-Bedroom in Seascape, Mina Rashid – Near Original Cost, Handover Q4 2026

Property Overview

This corner 2-bedroom apartment on the 2nd floor of Seascape, Mina Rashid, Dubai, is offered at AED 2,480,000 for 1,390 sq ft of built-up area. The agent states the seller's original cost including DLD was AED 2,469,884, so the asking price is close to that cost, AED 10,116 (0.4%) above it. Handover is stated for Q4 2026.

Property Highlights

• Property type: 2-bedroom apartment
• Built-up area: 1,390 sq ft
• Asking price: AED 2,480,000
• Original cost including DLD (agent-stated): AED 2,469,884
• Difference from original cost: AED 10,116 above (0.4%)
• Asking rate: approximately AED 1,784 per sq ft
• Floor: 2nd (agent-stated)
• Position: corner unit (agent-stated)
• Handover: Q4 2026 (agent-stated)
• Developer: Emaar Properties

Why This Is Classed as Off-Plan Distress

The seller is offering this off-plan apartment at almost exactly their original cost, adding only AED 10,116 to the AED 2,469,884 they paid including DLD. Because Seascape is still under construction and the seller is exiting close to cost before handover, DPF classifies it as an Off-Plan Distress resale. Dividing the price by 1,390 sq ft gives an asking rate of about AED 1,784 per sq ft.

This is not a below-original-price sale. If the original cost includes the standard 4% DLD fee, the purchase price alone was about AED 2,374,888, and the asking price is about AED 105,112 (4.4%) above it. The buyer will also pay a new DLD transfer fee of about AED 99,200, plus agency and trustee fees. The benchmark is the seller's original cost as supplied in the agent brief received on 15 October 2026, not a DLD transaction record or independent valuation.

About the Project, Developer and Community

Seascape is a residential development by Emaar Properties at Rashid Yachts and Marina, part of the Mina Rashid waterfront at Port Rashid. Published project information describes four buildings of between 7 and 19 storeys offering 1-, 2- and 3-bedroom apartments with open floor plans and large windows. The development sits beside a community park and canal pool, with a gym, swimming pool, sports facilities, retail and dining in the wider community. Final amenity delivery should be confirmed against Emaar's handover documentation.

Layout, Floor and View

The agent confirms a 1,390 sq ft corner 2-bedroom on the 2nd floor. The building number, view, bathroom count and parking were not supplied, and DPF has not assumed them. Corner units often have windows on two sides, but confirm the layout and outlook from the floor plan; on a low floor, views may be limited.

Payment Plan and Handover

The agent states handover in Q4 2026, consistent with the project's published estimate of November 2026. The amount already paid and the balance due on handover were not supplied. With handover close, buyers should obtain the SPA, Oqood and Emaar statement of account to confirm the remaining balance and when it falls due, and check Emaar's NOC and resale conditions.

Location and Connectivity

Mina Rashid sits at Port Rashid on the Dubai coast, next to Al Mina, Jumeirah and Dubai Maritime City, with road links to Sheikh Rashid Road and Sheikh Zayed Road. DPF has not stated travel times because they were not verified for this listing.

Verification Notes

• Agent-supplied facts: project, community, property type, bedrooms, size, original cost including DLD, asking price, 2nd floor, corner position and Q4 2026 handover.
• DPF-calculated figures: difference from original cost, implied purchase price excluding DLD, premium over it, price per sq ft and new DLD fee.
• External research: project facts and completion estimate from published project information, not unit-specific records.
• Not supplied: building number, unit number, view, bathrooms, parking, amount paid and balance due.