2BR Apartment in Marina Views Tower 3 by Emaar, Mina Rashid, Below Original Price with Sea and Burj Views

Property Overview

A 2-bedroom apartment in Marina Views Tower 3 by Emaar Properties, Mina Rashid, offered at AED 3,300,000 against an original purchase price of AED 3,830,000. The asking sits AED 530,000 (13.8%) below the OP. The unit has 1,255 sqft of built-up area at AED 2,629 per sqft on a high floor with sea and Burj Khalifa views. Handover is scheduled for Q4 2028.

Property Highlights

• Type: 2-bedroom apartment
• Built-up area: 1,255 sqft
• Asking price: AED 3,300,000
• Original price: AED 3,830,000
• Saving: AED 530,000 (13.8%)
• Rate: AED 2,629 per sqft
• Floor: high
• Views: sea and Burj Khalifa
• Payment: 80/20
• Handover: Q4 2028
• Developer: Emaar Properties
• Tenure: freehold

Why the Price Qualifies as Below OP

The agent states the original purchase price at AED 3,830,000. At an asking price of AED 3,300,000, the unit sits AED 530,000 (13.8%) below the OP. Including the 4% DLD transfer fee of AED 153,200 paid at original registration, the seller's total loss is AED 683,200.

The developer's published starting price for 2-bedroom units in Marina Views was approximately AED 2,520,000 based on available listings. The agent's OP of AED 3,830,000 for a high-floor unit with sea and Burj views suggests a premium position within the building, consistent with Emaar's tiered pricing by floor and view.

DLD Transaction Context

DLD records on Property Finder show only 8 total sales registered for Marina Views across all three towers, reflecting the early stage of construction (~7% complete as of early 2026). The 2-bedroom transactions are:

• July 20, 2026: AED 4,250,000 for 1,277 sqft in Tower 1 (AED 3,328 per sqft)
• January 28, 2026: AED 4,112,264 for 1,223 sqft in Tower 2 (AED 3,363 per sqft)

Both recorded 2-bedroom transactions are above the agent's stated OP of AED 3,830,000, and significantly above the asking of AED 3,300,000. The asking is AED 812,264 to AED 950,000 below these DLD records. However, different towers, floors and view orientations affect pricing, so a direct comparison should account for unit position.

At AED 2,629 per sqft, the asking is 21 to 22% below the DLD-recorded 2-bedroom rates of AED 3,328 to AED 3,363 per sqft.

About Marina Views and Mina Rashid

Marina Views is a waterfront residential development by Emaar Properties comprising 3 towers with 545 apartments in Mina Rashid, Dubai. The project offers 1-bedroom (740 to 819 sqft), 2-bedroom (1,251 to 1,278 sqft), 3-bedroom (1,689 to 1,691 sqft) and 4-bedroom (2,925 to 2,967 sqft) apartments. Construction started in December 2024 with handover scheduled for Q4 2028. The project is sold out from the developer.

Amenities include an infinity pool with marina views, children's pool and splash zone, gymnasium, landscaped gardens, jogging tracks, beach access, a marina accommodating yachts up to 100 metres, a waterfront promenade with dining and retail options, and multipurpose rooms.

Mina Rashid (Rashid Yachts and Marina) is a master-planned waterfront district by Emaar built on the site of the historic Port Rashid in Bur Dubai. The community features a superyacht marina, a cruise terminal, residential towers, hotels, retail and cultural facilities along the Dubai Creek coastline. It offers proximity to Downtown Dubai, DIFC, Dubai Creek and the older city districts of Deira and Bur Dubai.

Payment and Timeline Considerations

The agent describes the payment structure as 80/20, aligning with Emaar's published plan of 10% down payment, 70% during construction and 20% on handover. With handover in Q4 2028, approximately two years remain.

Given the OP of AED 3,830,000 and the early construction stage (~7% as of early 2026), the seller may have paid 10% down (AED 383,000) plus early construction instalments. The total paid amount is likely between AED 383,000 and AED 1,149,000 (10 to 30% of OP) depending on the instalment schedule. Buyers should verify the exact paid amount and remaining obligations with the seller and Emaar's escrow account.

Verification Notes

• The original purchase price of AED 3,830,000 is the agent's stated figure. This is above the developer's published starting price for 2-bedroom units (~AED 2.52M), consistent with a premium high-floor sea and Burj view unit.
• The asking of AED 3,300,000 is below both recorded 2-bedroom DLD transactions (AED 4.11M and AED 4.25M), though those are in Towers 1 and 2, not Tower 3.
• Only 8 total DLD transactions exist for Marina Views across all towers, providing a limited dataset for price comparison.
• Construction was approximately 7% complete as of early 2026. With handover in Q4 2028, the project has approximately 4 years of total build time. Current progress relative to the timeline should be monitored.
• The agent does not specify floor number, unit number, bathrooms, parking or furnishing. These have been omitted.
• The 13.8% discount represents a seller loss of AED 683,200 including the DLD fee.