Vacant 3-Bedroom Apartment with 2 Parking at Claren Tower 1, Downtown Dubai — Below Market

Property Overview

This is a vacant three-bedroom apartment at Claren Tower 1, an Emaar Properties tower on Sheikh Mohammed Bin Rashid Boulevard in Downtown Dubai. Measuring 1,447 sq ft with two parking spaces, it is offered as a below-market distress sale at AED 3,500,000, or about AED 2,419 per sq ft, and is vacant on transfer.

Property Highlights

• Vacant three-bedroom apartment at Claren Tower 1, Downtown Dubai
• 1,447 sq ft with two parking spaces
• Vacant on transfer, in a ready Emaar tower on the Boulevard
• Walking distance to Burj Khalifa, The Dubai Mall and Souk Al Bahar
• Asking price of AED 3,500,000 (approximately AED 2,419 per sq ft)

Deal Classification and Pricing

This is a distress listing classified as Below Market on the agent's and DPF operator's assessment. Against the size of 1,447 sq ft, the asking price works out to about AED 2,419 per sq ft. A specific dated market comparable was not included in the written brief and is to be recorded on DPF's evidence file; a specific savings percentage is therefore not stated. The agent markets the unit as "below market" and "vacant" — agent-supplied claims to be verified against current comparable transactions.

Layout and Parking

The brief describes a three-bedroom apartment of 1,447 sq ft with two parking spaces. Bathroom count, floor, view and furnishing were not supplied and should be confirmed, though Claren apartments feature floor-to-ceiling windows and fitted kitchens with appliances as standard. To keep this listing accurate, no unit-specific details beyond those supplied and standard building features have been added.

About Claren Towers, Downtown Dubai and Emaar

Claren Towers is a two-building residential complex by Emaar Properties on Sheikh Mohammed Bin Rashid Boulevard in Downtown Dubai, completed around 2011-2012. Claren Tower 1 rises 21 floors with 162 apartments; Claren Tower 2 has 24 floors, together offering studio to three-bedroom homes atop a retail podium. Amenities include a swimming pool with landscaped sundecks, a shallow kids' pool, a gymnasium, a children's play area, and basement and covered parking, with ground-floor restaurants and retail. The towers sit within walking distance of Burj Khalifa, The Dubai Mall and Souk Al Bahar, in the heart of Downtown Dubai.

Sale Type and Terms

This is a ready, vacant apartment offered on the secondary market, vacant on transfer. Service charge and other terms were not supplied in the brief. The sale proceeds by signed Sale and Purchase Agreement (SPA) and standard Dubai Land Department transfer, with vacant possession to the buyer.

Location and Connectivity

Downtown Dubai is the city's central district, home to Burj Khalifa and The Dubai Mall, served by the Burj Khalifa/Dubai Mall metro station and Sheikh Zayed Road. Specific drive times were not supplied and are not stated here to avoid unverified claims; buyers should confirm distances to their own key destinations.

Verification Notes

• Agent-supplied facts: three-bedroom apartment, 1,447 sq ft, two parking spaces, vacant, AED 3,500,000 asking price.
• Deal classification: Below Market, kept on the agent's assessment; no comparable supplied, so no savings percentage is stated.
• Calculated by DPF: an indicative AED 2,419 per sq ft from the asking price and stated size.
• Researched project facts: developer (Emaar Properties), Claren Towers 3-bedroom sizes, amenities and completed status were taken from Emaar/market sources.
• The agent's "Below Market | Vacant" statement is preserved as an attributed agent marketing claim.