3 Bed Penthouse at Kempinski Residences The Creek, Al Jaddaf – Distress Sale, No Mortgage

Property Overview

This three-bedroom penthouse at Kempinski Residences The Creek in Al Jaddaf is offered at AED 11,000,000 for 2,741.68 sq ft. The agent presents it as a distress sale and states the property is not mortgaged. The original purchase price was not supplied, and DPF has not been given any market benchmark for this price.

Property Highlights

• Asking price: AED 11,000,000
• Built-up area: 2,741.68 sq ft
• Rate: approximately AED 4,012 per sq ft
• Property type: penthouse
• Bedrooms: 3
• Mortgage: none (agent-stated)
• Sale type: distress sale (agent-stated)

Pricing Basis

The agent describes this as a distress deal but supplied no original purchase price, DLD transaction or dated market comparison. DPF therefore cannot show a calculated saving. At AED 11,000,000 for 2,741.68 sq ft, the asking rate is about AED 4,012 per sq ft.

For context only, public transaction data for the project shows a median of around AED 4,000 per sq ft for three-bedroom units, based on a small number of sales. Penthouses often carry a premium for height, views and terraces, which this figure may not capture. Buyers should request recent comparable penthouse sales and the seller's title deed before forming a view on value.

About the Project, Developer and Community

Kempinski Residences The Creek is a branded residential project by Swiss Property in Dubai Healthcare City Phase 2, Al Jaddaf, overlooking Dubai Creek. Public project data lists 299 units, including 19 commercial units. The residential mix ranges from studios to four-bedroom homes, and three-bedroom layouts run from about 2,263 to 4,108 sq ft. The residences are associated with the Kempinski hospitality brand.

Layout, Floor and View

The agent describes a three-bedroom penthouse of 2,741.68 sq ft. The floor, view, terrace size, bathroom count, parking and furnishing have not been supplied and should be confirmed with the agent and the title deed or SPA.

Payment and Transfer

The agent states the penthouse is not mortgaged, which can simplify transfer because no bank release is needed. Public project data indicated completion around mid-2025, but the current handover and title status of this unit should be confirmed. Buyers should obtain a developer NOC and confirm there are no outstanding developer payments or service charges.

Location and Connectivity

Al Jaddaf sits on the Dubai Creek waterfront between Dubai Healthcare City, Culture Village and Ras Al Khor, with access towards Business Bay, Downtown Dubai and Dubai International Airport. Exact travel times depend on the route and time of day and have not been verified for this listing.

Verification Notes

• Agent-supplied facts: project, property type, bedrooms, size, asking price, no mortgage and distress sale description.
• DPF-calculated figure: price per sq ft.
• External research: developer, location, unit count, unit mix and median three-bedroom rate, from public transaction data (DXB Interact).
• Not supplied: original purchase price, market benchmark, floor, view, terrace, bathrooms, parking, furnishing, occupancy and completion status of the unit.