Property Overview
A 3-bedroom plus maid apartment in Downtown Views II Tower 3 by Emaar, Downtown Dubai at AED 5,200,000 for 1,708 sqft, equalling AED 3,044 per sqft. 7.1% below the original price of AED 5,600,000, saving AED 400,000. Full Burj Khalifa and Dubai Fountain views. Never occupied since handover. Vacant. 2 parking spaces. Fully paid. The seller offers a 2-year payment arrangement. Ready property (completed 2022).
Property Highlights
- Type: 3-bedroom plus maid apartment
- Size: 1,708 sqft
- Asking price: AED 5,200,000
- Original price: AED 5,600,000
- Saving: AED 400,000 (7.1%)
- Rate: AED 3,044 per sqft
- View: Full Burj Khalifa and Dubai Fountain
- Parking: 2 spaces
- Condition: Never occupied (brand new finishes)
- Payment: Seller offers 2-year plan
- Completion: 2022 (ready)
Below OP Analysis
The asking price of AED 5,200,000 is AED 400,000 (7.1%) below the stated OP of AED 5,600,000. Including the 4% DLD fee paid at purchase (AED 224,000), the seller's total loss is approximately AED 624,000 (10.2% of total investment).
Important: DLD Transaction Context
Recent DLD transactions for 3BR units in Downtown Views II (September 2026):
- AED 4,000,000 for 1,707 sqft in Tower 3 (AED 2,343 per sqft)
- AED 4,400,000 for 1,700 sqft in Tower 2 (AED 2,588 per sqft)
- AED 4,000,000 for 1,631 sqft in Tower 2 (AED 2,452 per sqft)
- AED 4,000,000 for 1,700 sqft in Tower 2 (AED 2,353 per sqft)
At AED 3,044 per sqft, this listing is approximately 27% above the average recent DLD transaction price of AED 2,434 per sqft. The full Burj Khalifa and Fountain view commands a significant premium. In Downtown towers, Burj and Fountain-facing units typically sell for 20% to 40% more than non-view or partial-view units. However, the premium embedded in this listing is at the top end of that range.
For context, a Tower 3 unit of the same size (1,707 sqft) sold through DLD for AED 4,000,000 in September 2026. If that was a non-view unit, a 30% view premium would bring the value to approximately AED 5,200,000, which aligns with the asking price. Buyers should confirm whether recent DLD transactions included any view units.
Condition and History
The agent describes the unit as brand new. The building was completed in 2022 (TOC June 2023) and is 3 to 4 years old. The unit has never been occupied since handover. The original investor purchased off-plan and held without renting or living in it. Finishes and fittings should be in original Emaar handover condition.
Seller Payment Plan
The seller offers a 2-year payment arrangement. This is a private seller-to-buyer plan, not an Emaar-backed post-handover plan. Key considerations:
- Title deed transfer may occur only upon full payment
- Terms, deposit and instalment structure must be negotiated
- Legal protections are weaker than developer payment plans
- Buyers should use an escrow arrangement and engage a property lawyer
About Downtown Views II
A three-tower complex by Emaar in Downtown Dubai: Tower 1 (68 floors), Tower 2 (63 floors) and Tower 3 (55 floors, 214.6 metres). Approximately 1,515 total units. Completed 2022. The complex sits in the Zabeel 2 area of Downtown, positioned for Burj Khalifa and Fountain views on select orientations. Amenities include pool, gym, sauna, children's play areas and landscaped terraces.
Verification Notes
The asking price, OP, size, view, vacant status, 2 parking spaces, fully paid status and 2-year plan are from the agent brief. The 1,708 sqft matches DLD records for standard 3BR units in this tower (DLD shows 1,707 sqft). The 7.1% saving is verified (400,000 divided by 5,600,000). Full Burj and Fountain views are confirmed possible from this building. Recent DLD 3BR transactions closed at AED 4.0M to AED 4.4M, significantly below the asking price; the view premium partially explains the gap. The building is 3 to 4 years old, not new. The seller-offered payment plan carries risks that should be reviewed by a lawyer. Buyers should independently assess the view premium, confirm the floor level and verify the payment plan terms.
