2-Bedroom Pool View Apartment in Ocean Cove, Rashid Yachts and Marina, 13.4% Below OP+DLD

Property Overview

This 2-bedroom off-plan apartment in Ocean Cove Building 1, Rashid Yachts and Marina, Dubai, is offered at AED 2,450,000 for 1,285 sq ft of built-up area, or about AED 1,907 per sq ft. The asking price is AED 379,724 (13.4%) below the agent-stated original price including DLD of AED 2,829,724, and has been reduced from AED 2,480,000. The agent reports a unit between floors 2 and 5 with pool views, and handover expected in Q4 2027.

Property Highlights

• Property type: Apartment
• Bedrooms: 2
• Built-up area: 1,285 sq ft
• Asking price: AED 2,450,000
• Previous asking price: AED 2,480,000 (reduced by AED 30,000)
• Original price including DLD (agent-stated): AED 2,829,724
• Saving versus original price plus DLD: AED 379,724 (13.4%)
• Asking rate: approximately AED 1,907 per sq ft
• Floor: between 2 and 5 (agent-stated)
• View: pool
• Status: off-plan, expected handover Q4 2027
• Developer: Emaar Properties

Why the Price Qualifies as Below OP

The listing is classified as Below OP because the asking price of AED 2,450,000 is lower than the agent-stated benchmark of AED 2,829,724, which the brief describes as the original price plus the DLD fee. The difference is AED 379,724, or 13.4%. If the DLD fee was the standard 4%, the original price alone would be about AED 2,720,888, and the asking price would be roughly AED 270,888 (10.0%) 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

Ocean Cove is a residential project by Emaar Properties in Rashid Yachts and Marina, the waterfront district at Mina Rashid around the historic Port Rashid, home to the Queen Elizabeth 2 and a superyacht marina.

Layout, Floor and View

The agent confirms a 2-bedroom layout of 1,285 sq ft in Building 1, on a floor between 2 and 5, with pool views. Bathrooms, parking and furnishing were not supplied. Ask the DPF team for the floor plan.

Payment Plan and Handover

Handover is expected in Q4 2027, 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: Ocean Cove Building 1, Rashid Yachts and Marina, 2-bedroom apartment, 1,285 sq ft, floor 2 to 5, pool views, Q4 2027 handover, previous price AED 2,480,000, AED 2,829,724 original price including DLD and AED 2,450,000 asking price.
• DPF-calculated figures: AED 379,724 (13.4%) below the original price plus DLD, an estimated 10.0% below the original price alone and approximately AED 1,907 per sq ft.
• Not yet verified: SPA, Oqood or DLD records, payment status, bathrooms, parking and service charges.