Property Overview
This is a ready three-bedroom apartment with a maid's room at Emaar Harbour Gate, a completed twin-tower development on Creek Island in Dubai Creek Harbour. Measuring 1,648 sq ft with a full park view, it is offered as a below-market distress sale at AED 3,480,000, or about AED 2,112 per sq ft, and is currently tenanted at AED 200,000 per year.
Property Highlights
- Three-bedroom-plus-maid apartment at Harbour Gate, Dubai Creek Harbour
- 1,648 sq ft with a full park view over Creek Island's Central Park
- Ready and currently tenanted at AED 200,000 per year (about 5.7% gross yield)
- Completed Emaar twin-tower development near Creek Marina
- Asking price of AED 3,480,000 (approximately AED 2,112 per sq ft)
Deal Classification and Pricing
This is a distress listing classified as Below Market. The agent and DPF operator indicate that the AED 3,480,000 asking price sits below a dated market comparable for equivalent Harbour Gate three-bedroom apartments. Based on the size of 1,648 sq ft, the asking price works out to about AED 2,112 per sq ft.
The specific dated comparable that supports the Below Market classification 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 on the page. The agent markets the unit as an "urgent distress" sale and the "lowest on market" — agent-supplied claims that have not been independently verified by DPF; buyers should not rely on them without checking current comparable listings and transaction data.
Tenancy and Investment
The apartment is sold tenanted, currently rented at AED 200,000 per year. Against the AED 3,480,000 asking price this represents a gross yield of about 5.7%, giving an investor rental income from day one. The buyer inherits the existing tenancy until the lease expires; the lease end date, security deposit and Ejari registration should be confirmed before purchase.
Layout and View
The brief describes a three-bedroom apartment with a maid's room (3+1) of 1,648 sq ft with a full park view. Bathroom count, parking, floor and furnishing were not supplied and should be confirmed. To keep this listing accurate, no unit-specific details beyond those supplied have been added.
About Harbour Gate, Dubai Creek Harbour and Emaar
Harbour Gate is a completed residential development by Emaar Properties in Dubai Creek Harbour, comprising two stepped towers on Creek Island connected by a podium of shops, cafes and leisure areas. It offers one to three-bedroom apartments overlooking the Central Park and the waters of Dubai Creek, with views toward the future Dubai Creek Tower. Amenities include temperature-controlled swimming pools, a fully equipped gym, children's play areas and a shallow pool, landscaped leisure decks, a BBQ lounge, a multipurpose room, a games room and an aqua centre, with covered parking, 24/7 security and concierge. The development is a short walk from Creek Marina and a 10 to 15-minute drive from Downtown Dubai and Dubai International Airport, near the Ras Al Khor Wildlife Sanctuary.
Sale Type and Terms
This is a ready, tenanted apartment offered on the secondary market. 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 the existing tenancy transferring to the buyer.
Location and Connectivity
Dubai Creek Harbour is a waterfront community by Emaar in Ras Al Khor, next to the Ras Al Khor Wildlife Sanctuary, about 10 to 15 minutes from Downtown Dubai. 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-plus-maid apartment, 1,648 sq ft, full park view, ready and currently tenanted, AED 3,480,000 asking price and AED 200,000 per year rent.
- Deal classification: Below Market, supplied by the DPF operator. The specific dated market comparable value and date were not included in the brief and should be added to the evidence record; no savings percentage is stated as a result.
- Calculated by DPF: an indicative AED 2,112 per sq ft and a gross yield of about 5.7% (AED 200,000 rent on the AED 3,480,000 asking price).
- Researched project facts: developer (Emaar Properties), Harbour Gate twin towers, sizes, amenities and completed status were taken from Emaar and market sources.
- The agent's "urgent distress | lowest on market" statement is preserved as an attributed agent marketing claim and is not presented as DPF-verified fact.