Distress Deal — 10% Below OP: 3-Bedroom High Floor Lagoon View in Ocean Star, Port Mina Rashid

AED 378,888 Below Original Price | Lagoon + Community View | High Floor | AED 3,285,000 | Q3 2028

An urgent, 10% below-OP distress opportunity to acquire a high floor 3-bedroom apartment with lagoon and community views in Ocean Star — one of Port Mina Rashid’s most anticipated waterfront residential developments in Dubai. Listed at AED 3,285,000 against an original price of AED 3,663,888, this deal delivers an immediate saving of AED 378,888 — a full 10% discount on a 1,617 sq.ft, 3-bedroom, 3-bathroom high floor unit with lagoon views. At a price point that is nearly AED 400,000 below OP, with a defined Q3 2028 handover, this is one of the most compelling distress entries currently available in the Mina Rashid waterfront corridor.

Property Highlights

• Type: 3-Bedroom Apartment
• Bathrooms: 3
• Size: 1,617 sq.ft
• Floor: High floor
• View: Lagoon + Community
• Handover: Q3 2028
• Status: Off-plan
• Asking Price: AED 3,285,000
• Original Price (OP): AED 3,663,888
• Saving: AED 378,888 — 10% below original price
• Building: Ocean Star, Port Mina Rashid, Dubai

The AED 378,888 Saving — Why It Matters

A 10% discount on an off-plan waterfront apartment in a premium Dubai address is a significant distress signal and a meaningful buyer advantage:

• AED 378,888 is nearly AED 400,000 of immediate equity — the difference between the asking price and what the original buyer paid
• Current market sentiment for waterfront 3-bedroom units in Mina Rashid is well above the original launch price — meaning the buyer acquires at a discount to both OP and current market
• The high floor positioning adds a further premium over mid and low floor equivalents — a high floor lagoon-facing 3-bedroom at this address and price level is exceptional value
• For investors, the below-OP entry compresses the effective yield — the rental income on a lower acquisition cost delivers a higher percentage return

High Floor Lagoon + Community View — The Premium Combination

This unit benefits from a dual-view orientation that is one of the most sought-after in any waterfront development:

• Lagoon view — a direct outlook over the Mina Rashid lagoon, the waterway that defines the character and lifestyle of this address. Lagoon views in a waterfront community are the premium orientation, driving higher rental rates and resale values consistently above community or city-facing equivalents
• Community view — the secondary view captures the Port Mina Rashid master community development, the marina promenade, and the broader waterfront landscape
• High floor — elevated positioning maximises both the lagoon and community views, ensuring an unobstructed panorama and the elevated sense of space that makes high floor units consistently more liquid in both sale and rental markets

About Ocean Star and Port Mina Rashid

Ocean Star is a residential development within Port Mina Rashid — one of Dubai’s most exciting waterfront regeneration districts, positioned on Dubai’s historic Mina Rashid port estate along the Arabian Gulf coastline. Port Mina Rashid is a premium marina and waterfront lifestyle destination combining residential towers, a world-class marina, waterfront promenade, and lifestyle amenities in a location that benefits from one of Dubai’s most remarkable waterfront backdrops — the Rashid Yachts & Marina harbour, the Arabian Gulf, and the Dubai city skyline. The development is positioned in proximity to Dubai Creek, the Gold Souk, and historic Deira, while maintaining fast road connectivity to Dubai International Airport and Downtown Dubai.

Community and Lifestyle

• Rashid Yachts & Marina — world-class marina with yacht berths and waterfront promenade
• Direct lagoon frontage — the defining lifestyle feature of Port Mina Rashid
• Waterfront promenade and dining destinations along the marina
• Dubai Frame — approximately 10–15 minutes by car
• Dubai Creek and Deira heritage district — approximately 10 minutes by car
• Gold Souk and Spice Souk — approximately 10–15 minutes by car
• Proximity to Dubai International Airport — one of the most connectivity-advantaged addresses in Dubai

Amenities

• Swimming pool and pool deck with marina or lagoon views
• Fully equipped gymnasium and fitness facilities
• Children’s play area
• 24-hour security and building management
• Allocated parking
• High-speed elevators
• Landscaped communal areas
• Lobby and concierge services
• Direct access to Port Mina Rashid promenade and marina
• Retail and dining within the Port Mina Rashid community

Layout and Floor Plan

This 3-bedroom apartment in Ocean Star spans 1,617 sq.ft on a high floor with lagoon and community views. The layout accommodates 3 bedrooms, 3 bathrooms, a spacious open-plan living and dining area, a fully fitted kitchen, and a balcony or terrace capturing the lagoon and community views at elevation. Three bathrooms in a 3-bedroom configuration is a full ensuite allocation — each bedroom with its own private bathroom — a specification that consistently commands higher rental rates than configurations with shared bathrooms. Exact room dimensions and a detailed floor plan are available on request.

Payment and Handover

This is an off-plan resale in Ocean Star, Port Mina Rashid. The seller is motivated and seeking an urgent transaction at AED 3,285,000 — AED 378,888 below the original price of AED 3,663,888.

• Asking Price: AED 3,285,000
• Original Price (OP): AED 3,663,888
• Saving: AED 378,888 (10% below OP)
• Handover: Q3 2028
• Remaining balance: Available on request
• DLD Transfer Fee: Approximately 4% (c. AED 131,400)
• NOC fee: Standard charges apply

Full documentation and payment breakdown available on request. Urgent — motivated seller.

Location and Connectivity

• Port Mina Rashid Marina and Promenade: Directly accessible
• Dubai International Airport (DXB): Approximately 10–15 minutes by car — one of Dubai’s best-connected addresses
• Dubai Frame: Approximately 10–15 minutes by car
• Dubai Creek and Deira: Approximately 10 minutes by car
• Gold Souk and Spice Souk: Approximately 10–15 minutes by car
• Downtown Dubai and Burj Khalifa: Approximately 15–20 minutes by car
• Business Bay and DIFC: Approximately 15–20 minutes by car
• Dubai Mall: Approximately 15–20 minutes by car
• Dubai Marina and JBR: Approximately 25–30 minutes by car
• Al Maktoum International Airport (DWC): Approximately 40 minutes by car

Why Acquire This Unit at AED 3,285,000

• AED 378,888 — 10% — below original price, with immediate equity on acquisition
• High floor lagoon + community view — the premium orientation in Ocean Star delivering the most lettable and resaleable unit type
• 3 bedrooms with 3 bathrooms — full ensuite allocation, commanding a rental premium over lower-bathroom configurations
• 1,617 sq.ft — a generous size for a 3-bedroom in a premium waterfront building
• Port Mina Rashid is one of Dubai’s most exciting waterfront corridors — marina living at an address 10 minutes from DXB
• Q3 2028 handover — a defined, near-term path to ownership
• Freehold ownership available to all nationalities

Frequently Asked Questions (FAQs)