High-Floor 2 Bedroom Apartment in Address Residences Zabeel at Original Price with Park View, 50% Paid

Property Overview

This is a 2 bedroom apartment in Address Residences Zabeel by Emaar, offered at AED 3,700,000, the same as the seller's stated original purchase price. The unit measures 1,390 sq ft, and the agent describes it as a high-floor unit with a park view, 50% paid, with handover expected in Q3 2029. The seller is looking for a quick sale.

Property Highlights

• Asking price: AED 3,700,000
• Original purchase price (agent-stated): AED 3,700,000
• Size: 1,390 sq ft
• Rate: approx. AED 2,662 per sq ft
• Floor: high floor (agent-stated)
• View: park view (agent-stated)
• Paid to date: 50% (agent-stated)
• Handover: Q3 2029 (agent-stated)

Why the Listing Is Classed as Off-Plan Distress

The asking price matches the agent-stated original purchase price, so there is no discount to OP. The listing is classed as off-plan distress because the seller wants an urgent sale of an off-plan unit at the original price. A buyer pays no premium over the original price; the seller would recover the amount already paid, and the buyer would take over the remaining instalments.

This is not a claim that the apartment is below current market value. Buyers should confirm the original price and the amount paid against the SPA and an Emaar statement of account.

About the Project, Developer and Community

Address Residences Zabeel is an Emaar Properties branded residential development in Za'abeel, next to Zabeel Park and close to DIFC. Market sources describe four towers of around 50 to 58 storeys with more than 1,600 homes, ranging from 1 to 3 bedroom apartments to 4 bedroom penthouses, with views towards Burj Khalifa, Zabeel Park, Dubai Creek and DIFC.

These project details come from secondary market sources rather than an Emaar project page, and buyers should check specifications against Emaar's sales documents.

Floor and View

The agent states that the apartment is on a high floor with a park view. The tower, exact floor, unit number, bathroom count and parking were not supplied. Request the floor plan and unit number to confirm the view and layout.

Payment Plan and Handover

The agent states that 50% has been paid and handover is expected in Q3 2029, which matches the completion estimate reported by secondary sources. Market sources describe the project's launch plan as 10% on booking, 80% during construction and 10% on handover. Confirm the amount paid, remaining instalments and Emaar's resale transfer conditions against the SPA and an Emaar statement of account.

Location and Connectivity

The project sits in Za'abeel beside Zabeel Park, with DIFC and Downtown Dubai close by. Specific travel times were not verified from an official source and are not quoted here.

Verification Notes

• Agent-supplied: bedrooms, size, original price, asking price, high floor, park view, 50% paid, urgency and Q3 2029 handover.
• Corrected by DPF: the brief lists the location as DIFC; the project is in Za'abeel, next to DIFC.
• Calculated by DPF: AED 2,662 per sq ft. No discount, as the asking price equals the original price.
• External research: location, towers, unit mix and completion estimate from secondary market sources.
• Not yet supplied: tower, unit number, exact floor, bathrooms, parking, service charge and photographs.