2-Bedroom Apartment in Pier Point 2, Rashid Yachts and Marina, 13.7% Below OP+DLD

Property Overview

This 2-bedroom off-plan apartment in Pier Point 2, Rashid Yachts and Marina, Dubai, is offered at AED 2,575,000 for 1,292 sq ft of built-up area, or about AED 1,993 per sq ft. The asking price is AED 408,084 (13.7%) below the agent-stated original price including DLD of AED 2,983,084. The agent reports a unit between floors 2 and 6, with handover expected in Q4 2028.

Property Highlights

• Property type: Apartment
• Bedrooms: 2
• Built-up area: 1,292 sq ft
• Asking price: AED 2,575,000
• Original price including DLD (agent-stated): AED 2,983,084
• Saving versus original price plus DLD: AED 408,084 (13.7%)
• Asking rate: approximately AED 1,993 per sq ft
• Floor: between 2 and 6 (agent-stated)
• Status: off-plan, expected handover Q4 2028
• Developer: Emaar Properties

Why the Price Qualifies as Below OP

The listing is classified as Below OP because the asking price of AED 2,575,000 is lower than the agent-stated benchmark of AED 2,983,084, which the brief describes as the original price plus the DLD fee. The difference is AED 408,084, or 13.7%. If the DLD fee was the standard 4%, the original price alone would be about AED 2,868,350, and the asking price would be roughly AED 293,350 (10.2%) below it; this is a DPF estimate.

None of the figures have yet been checked against the SPA, Oqood or DLD receipt. 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

Pier Point is a residential project by Emaar Properties in Rashid Yachts and Marina, the waterfront district at Mina Rashid around the historic Port Rashid. This unit is in Pier Point 2.

Layout, Floor and View

The agent confirms a 2-bedroom layout of 1,292 sq ft on a floor between 2 and 6. View, bathrooms, parking and furnishing were not supplied. Ask the DPF team for the floor plan.

Payment Plan and Handover

Handover is expected in Q4 2028, according to the agent. No payment plan, amount paid or outstanding balance was supplied. Confirm these, along with transfer and NOC fees, against the SPA and Emaar's statement of account before making an offer.

Location and Connectivity

Rashid Yachts and Marina has road access to Al Mina Road and Sheikh Rashid Road, linking it with Bur Dubai, Downtown Dubai and Dubai International Airport. Travel times vary with traffic and are not quoted here.

Verification Notes

• Agent-supplied facts: Pier Point 2, Rashid Yachts and Marina, 2-bedroom apartment, 1,292 sq ft, floor 2 to 6, Q4 2028 handover, AED 2,983,084 original price including DLD and AED 2,575,000 asking price.
• DPF-calculated figures: AED 408,084 (13.7%) below the original price plus DLD, an estimated 10.2% below the original price alone and approximately AED 1,993 per sq ft.
• Not yet verified: SPA, Oqood or DLD records, payment status, view, bathrooms, parking and service charges.