Furnished 2-Bedroom Burj View Apartment in Tonino Lamborghini Residences 4, 18.4% Below OP

Property Overview

This furnished 2-bedroom apartment on the 4th floor of Tonino Lamborghini Residences 4, Dubai, is offered at AED 3,200,000 for 1,396 sq ft of built-up area, or about AED 2,292 per sq ft. The asking price is AED 720,827 below the agent-stated original purchase price of AED 3,920,827, an 18.4% reduction. The agent reports Downtown Dubai and Burj Khalifa views, handover expected in Q1 2027, and that the seller is unable to continue the payment plan.

Property Highlights

• Property type: Apartment (branded residence)
• Bedrooms: 2
• Built-up area: 1,396 sq ft
• Asking price: AED 3,200,000
• Original price (agent-stated): AED 3,920,827
• Saving versus original price: AED 720,827 (18.4%)
• Asking rate: approximately AED 2,292 per sq ft
• Floor: 4
• View: Downtown Dubai and Burj Khalifa (agent-stated)
• Furnishing: furnished
• Status: off-plan, expected handover Q1 2027
• Developer: Gulf Land Property Developers

Why the Price Qualifies as Below OP

The listing is classified as Below OP because the asking price of AED 3,200,000 is lower than the original purchase price of AED 3,920,827 stated in the agent's brief. The difference is AED 720,827, or 18.4% of the original price, matching the agent's figures. The distress basis is that the seller cannot continue the developer's payment plan.

The original price has not yet been checked against the SPA, Oqood or DLD records. The comparison reflects what the seller originally paid; it is not a claim that the unit is below current market value.

About the Project, Developer and Community

Tonino Lamborghini Residences is a branded residential development by Gulf Land Property Developers in the Meydan and Nad Al Sheba area of Dubai, with interiors styled under the Tonino Lamborghini lifestyle brand. Residences 4 is one of the project's phases.

Layout, Floor and View

The agent confirms a furnished 2-bedroom layout of 1,396 sq ft on the 4th floor, with views towards Downtown Dubai and the Burj Khalifa. Bathrooms and parking were not supplied. Ask the DPF team for the floor plan.

Payment Plan and Handover

Handover is expected in Q1 2027, according to the agent. Because the seller cannot continue the payment plan, confirm with the developer whether any instalments are overdue, whether penalties apply, how much has been paid and what the buyer must pay to take over the unit, against the SPA and the developer's statement of account.

Location and Connectivity

The area has road access to Al Khail Road and Meydan Road, linking it with Downtown Dubai and Business Bay. Travel times vary with traffic and are not quoted here.

Verification Notes

• Agent-supplied facts: Tonino Lamborghini Residences 4, Nad Al Sheba, 2-bedroom apartment, 1,396 sq ft, 4th floor, furnished, Downtown and Burj Khalifa view, Q1 2027 handover, seller unable to continue payment plan, original price AED 3,920,827 and asking price AED 3,200,000.
• DPF-calculated figures: AED 720,827 (18.4%) below the original price and approximately AED 2,292 per sq ft.
• Not yet verified: SPA, Oqood or DLD records, amount paid, overdue instalments, bathrooms and parking.