2-Bedroom Apartment in The 8, Palm Jumeirah, 46% Below Original Price

Property Overview

This 2-bedroom apartment in the 08 series of The 8, Palm Jumeirah, is offered at AED 3,450,000 for 1,216 sq ft of built-up area, or about AED 2,837 per sq ft. The asking price is AED 2,988,000 below the agent-stated original purchase price of AED 6,438,000, a 46.4% reduction, placing it in DPF's Below OP distress category. The agent reports Palm and marina views and says the unit is under a hotel management agreement that can be cancelled.

Property Highlights

• Property type: Apartment
• Bedrooms: 2
• Built-up area: 1,216 sq ft
• Unit series: 08
• Asking price: AED 3,450,000
• Original price (agent-stated): AED 6,438,000
• Saving versus original price: AED 2,988,000 (46.4%)
• Previous asking price: AED 3,550,000 (reduced by AED 100,000)
• Asking rate: approximately AED 2,837 per sq ft
• View: Palm and marina (agent-stated)
• Management: under hotel management, cancellable (agent-stated)

Why the Price Qualifies as Below OP

The listing is classified as Below OP because the asking price of AED 3,450,000 is lower than the original purchase price of AED 6,438,000 stated in the agent's brief. The difference is AED 2,988,000, or 46.4% of the original price. The seller has also reduced the asking price from AED 3,550,000, a further cut of AED 100,000 (2.8%).

The original price comes from the agent's brief received on 26 October 2026 and has not yet been checked against the SPA or a DLD record. A discount of this size against the original price reflects what the seller first paid; it is not a claim that the unit is below current market value. Buyers should request the SPA and compare recent DLD transactions in The 8 before committing.

About the Building and Community

The 8 is a residential building on Palm Jumeirah, Dubai's palm-shaped island of fronds, a central trunk and an outer Crescent, known for beachfront hotels, residences and views across the Arabian Gulf.

Layout, Floor and View

The agent confirms a 2-bedroom layout of 1,216 sq ft in the 08 series, with views of the Palm and the marina. Floor, bathrooms, parking and furnishing were not supplied. Ask the DPF team for the floor plan.

Hotel Management and Transfer

The agent states the unit is currently under hotel management and that the agreement can be cancelled. Before making an offer, request the management contract to confirm the notice period, any exit fees, current rental income and whether a buyer can take over or end the arrangement. Confirm the title deed and service charges at the same time.

Location and Connectivity

Palm Jumeirah connects to the mainland via its trunk road to Sheikh Zayed Road, and the Palm Monorail runs along the trunk. Travel times vary and are not quoted here.

Verification Notes

• Agent-supplied facts: The 8, Palm Jumeirah, 08 series, 2-bedroom apartment, 1,216 sq ft, Palm and marina view, under cancellable hotel management, original price AED 6,438,000, previous asking price AED 3,550,000 and current asking price AED 3,450,000.
• DPF-calculated figures: AED 2,988,000 (46.4%) below the original price, AED 100,000 (2.8%) below the previous asking price and approximately AED 2,837 per sq ft.
• Not yet verified: SPA or DLD record of the original price, hotel management terms, floor, bathrooms, parking and service charges.