2 Bedroom + Study Below OP in Imperial Avenue, Downtown Dubai

Property Overview

This 2 bedroom apartment with study in Imperial Avenue, Downtown Dubai is asking AED 3,050,000. The original purchase price was AED 3,400,000, placing the asking price AED 350,000 (10.3%) below the original price. The unit provides 1,530 sq.ft at AED 1,993 per sq.ft, with canal and Downtown views. The study room is described as convertible to a third bedroom. Imperial Avenue is a brand new building that has recently been completed and handed over.

Property Highlights

• Type: 2 bedroom apartment with study (convertible to 3rd bedroom)
• Size: 1,530 sq.ft
• View: Canal and Downtown
• Brand new, recently handed over
• Original purchase price: AED 3,400,000
• Asking price: AED 3,050,000
• Savings: AED 350,000 (10.3% below OP)
• Rate: AED 1,993 per sq.ft
• Service charge: approximately AED 19 per sq.ft (among lowest in Downtown)

Why the Price Qualifies as Below OP

The agent states the original purchase price was AED 3,400,000. The current asking price of AED 3,050,000 represents a reduction of AED 350,000 (10.3%) from that original price. The seller is exiting below cost on a brand new unit in a just-completed building, which is uncommon in Downtown Dubai's premium market.

At AED 1,993 per sq.ft, the unit sits below the Property Finder average for Downtown Dubai apartments (approximately AED 3,100 per sq.ft), reflecting a significant discount for a brand new building in the district. The study room provides functional flexibility that could allow a buyer to use the layout as a 3 bedroom, further enhancing the value proposition. The original price should be verified against the seller's SPA.

Study to Third Bedroom Conversion

The apartment includes a dedicated study room which the agent states can be converted to a third bedroom. This effectively provides a 3 bedroom equivalent layout at a 2 bedroom price point of AED 3,050,000. In Downtown Dubai, where 3 bedroom apartments typically command AED 4 million and above, this conversion option adds considerable value. The feasibility of the conversion, including any structural, ventilation, or regulatory requirements, should be confirmed by the buyer.

About Imperial Avenue

Imperial Avenue is a 45-storey residential tower in Downtown Dubai developed by Shapoorji Pallonji International Property Developers, one of the world's largest construction companies. The building comprises approximately 424 units including 1 to 5 bedroom apartments, penthouses, and podium villas with private pools. Shapoorji Pallonji is also the construction contractor for the DAMAC Lagoons project, bringing decades of engineering expertise to Imperial Avenue.

The building features a 10,000 sq.ft double-height lobby described as the largest residential lobby in the Middle East. Amenities include infinity pools with Burj Khalifa views, a 360-degree landscaped walking track, fully equipped gym, squash court, private cinema, atmosphere deck, BBQ areas, children's pool and play areas, conference room, and 24-hour concierge and security. The building has 13 high-speed elevators and is pet-friendly. The service charge is approximately AED 19 per sq.ft, among the lowest in Downtown Dubai.

Downtown Dubai Location

Imperial Avenue sits on Al Ohood Street in Downtown Dubai, within walking distance of the Dubai Water Canal (2 minutes), the Dubai Fountain (6 minutes), and Dubai Mall. The Business Bay Metro Station provides Red Line access. Sheikh Zayed Road (E11) and Al Khail Road (E44) are directly accessible. The building's Downtown position places residents within one of Dubai's most established premium districts, surrounded by dining, retail, entertainment, and cultural attractions including the Dubai Opera.

Verification Notes

The bedroom count, study room, convertibility to a third bedroom, size, canal and Downtown views, original purchase price, asking price, and brand new status are sourced from the agent's resale brief received on 14 August 2026. The original price of AED 3,400,000 should be verified against the seller's SPA. The bathroom count, floor number, and furnishing status were not stated and have been omitted. The service charge of AED 19 per sq.ft is sourced from published project information and should be confirmed with the building management. Stable project facts are drawn from the Shapoorji Pallonji project page, Property Finder, Bayut, and 1newhomes. Buyers should independently verify all facts, inspect the unit, and obtain independent legal advice before proceeding.