3-Bedroom Beach-Access Apartment in Rixos Bay Residences, Dubai Island – Below OP

Property Overview

This 3-bedroom off-plan apartment in Rixos Bay Residences by Nakheel, Dubai Island, is offered at AED 6,400,000. It has 2,231 sq ft of built-up area and a total area of 4,517 sq ft. The asking price is AED 400,000 (5.9%) below the agent-stated original purchase price of AED 6,800,000, or about AED 2,869 per sq ft of built-up area. The unit is semi-furnished with direct beach access, and handover is expected in Q2 2027.

Property Highlights

• Property type: 3-bedroom apartment
• Building: Rixos Bay Residences, Dubai Island
• Developer: Nakheel
• Built-up area: 2,231 sq ft
• Total area (agent-stated): 4,517 sq ft
• Asking price: AED 6,400,000
• Original purchase price (agent-stated): AED 6,800,000
• Discount to OP: AED 400,000 (5.9%)
• Price per sq ft: approx. AED 2,869 on built-up area; AED 1,417 on total area
• Furnishing (agent-stated): semi-furnished
• Beach (agent-stated): direct beach access
• Handover (agent-stated): Q2 2027

Why the Price Qualifies as Below OP

DPF classifies this unit as Below OP because the asking price is lower than the original purchase price supplied in the agent brief received on 20 October 2026. AED 6,800,000 minus AED 6,400,000 gives a saving of AED 400,000, or 5.9% of the original price. Dividing the asking price by the 2,231 sq ft built-up area gives about AED 2,869 per sq ft; on the 4,517 sq ft total area it is about AED 1,417 per sq ft.

The original price is agent-supplied and should be confirmed against the Sale and Purchase Agreement (SPA). The comparison is against the unit's own original price only and is not a claim that the unit is below current market value.

About the Project, Developer and Community

The Rixos Hotel & Residences development was launched by Nakheel on Dubai Island in 2023 as a waterfront project carrying the Rixos hospitality brand. According to Nakheel, it sits in a secluded cove with direct access to a 700-metre beach and offers 1- to 3-bedroom apartments with overhanging terraces, 4-bedroom duplexes with private pools, beach houses and villas. Announced amenities include residents' lounges, infinity pools, and a spa and fitness centre.

Layout, Floor and View

The agent brief confirms a semi-furnished 3-bedroom apartment with 2,231 sq ft of built-up area and a 4,517 sq ft total area. The difference of 2,286 sq ft is likely terrace or outdoor space, which should be confirmed on the floor plan. The floor, view, bathroom count and parking were not supplied and are not stated here.

Payment Plan and Handover

The agent states handover is expected in Q2 2027. The payment plan, amount already paid and outstanding balance were not supplied. Buyers should confirm these, along with Nakheel's transfer requirements and any hotel or branded-residence service terms, using the SPA and a Nakheel statement of account.

Location and Connectivity

Dubai Island is Nakheel's island development off Dubai's northern coastline near Deira, covering about 17 sq km across five islands. DPF does not quote travel times without a verified source.

Verification Notes

• Agent-supplied facts: building, 3-bedroom type, 2,231 sq ft built-up area, 4,517 sq ft total area, asking and original prices, semi-furnished, direct beach access and Q2 2027 handover.
• DPF-calculated figures: AED 400,000 saving, 5.9% discount and price per sq ft on both area figures.
• External research: project facts from Nakheel's July 2023 launch announcement.
• Not supplied: unit number, floor, view, bathrooms, parking, payment plan and amount paid.