3 Bedroom + Maid Full Sea View Apartment in Baystar by Vida, Mina Rashid

Property Overview

This three-bedroom plus maid's room off-plan apartment in Baystar by Vida, Mina Rashid, is offered as a distress resale at AED 5,600,000. The agent compares this with the seller's original price plus DLD of AED 6,865,964, a gap of AED 1,265,964 or 18.4%. The 1,700 sq ft unit sits on a mid-to-high floor with a full sea view, the buyer takes over the remaining payment plan, and handover is expected in Q4 2029.

Property Highlights

• Property type: Apartment
• Bedrooms: 3 plus maid's room
• Built-up area: 1,700 sq ft
• Asking price: AED 5,600,000, plus remaining payment plan (agent-stated)
• Original price including DLD: AED 6,865,964 (agent-stated)
• Saving vs OP plus DLD: AED 1,265,964 (18.4%)
• Estimated saving vs OP before DLD: approx. AED 1,001,888 (15.2%)
• Price per sq ft: approx. AED 3,294 (calculated)
• Floor: Mid to high floor (agent-stated)
• View: Full sea view (agent-stated)
• Handover: Q4 2029 (agent-stated)

Why the Price Qualifies as Below OP

The agent states the seller's original cost including the 4% DLD fee was AED 6,865,964 and that the asking price is more than AED 1.26 million below it. DPF's calculation confirms this: AED 6,865,964 minus AED 5,600,000 is AED 1,265,964, or 18.4%.

Removing the DLD fee gives an estimated original purchase price of approximately AED 6,601,888. Against that estimate, the asking price is about AED 1,001,888 or 15.2% lower, so the unit remains below OP on either measure.

Calculation

• AED 6,865,964 minus AED 5,600,000 = AED 1,265,964 (18.4% below OP plus DLD)
• AED 6,865,964 / 1.04 = approx. AED 6,601,888 estimated OP before DLD
• AED 6,601,888 minus AED 5,600,000 = approx. AED 1,001,888 (15.2% below estimated OP)
• AED 5,600,000 / 1,700 sq ft = approx. AED 3,294 per sq ft

The original price comes from the agent's resale brief. DPF has not reviewed the seller's SPA.

Payment Plan

The agent notes the price is AED 5,600,000 plus the remaining payment plan. Buyers should confirm whether AED 5,600,000 is the total price, with part of it covered by future instalments to the developer, or an amount payable on top of the outstanding plan. The amount paid, instalment schedule and developer NOC requirements should be confirmed against the seller's SPA.

About the Project and Community

Baystar is a Vida-branded residential project at Mina Rashid on the Bur Dubai waterfront, a marina district close to Port Rashid with residential towers, a waterfront promenade and leisure areas.

Layout, Floor and View

The agent confirms a three-bedroom plus maid's room layout of 1,700 sq ft on a mid-to-high floor with a full sea view. The exact floor, bathroom count and parking allocation were not supplied and should be confirmed from the SPA and floor plan.

Location and Connectivity

Mina Rashid sits on the Bur Dubai coast with road access via Sheikh Rashid Road and Al Mina Road, connecting towards Downtown Dubai, DIFC, Deira and Jumeirah. Travel times depend on traffic.

Verification Notes

• Agent-supplied facts: project, three bedrooms plus maid, 1,700 sq ft BUA, OP plus DLD AED 6,865,964, asking price AED 5,600,000 plus payment plan, AED 1.26M+ stated saving, full sea view, mid-to-high floor and Q4 2029 handover.
• Calculated by DPF: savings against OP plus DLD, estimated OP before DLD and price per sq ft.
• External context: community overview.
• Not supplied: developer, exact floor, bathrooms, parking, amount paid, instalment schedule and service charge.