3BR in Habtoor Grand Residences, Dubai Marina at AED 15,347,000 - Below OP, 9% Paid, Off-Plan

Property Overview

A 3-bedroom apartment in Habtoor Grand Residences, Dubai Marina at AED 15,347,000 for 3,223 sqft, equalling AED 4,762 per sqft. Below the original price of AED 15,900,000, saving AED 553,000 (3.5%). The seller has paid only approximately 9% of the purchase price to the developer. Off-plan with handover Q4 2027.

Property Highlights

• Type: 3-bedroom apartment (plus maid room)
• Size: 3,223 sqft (agent listed as sqm in error; confirmed as sqft per DLD records)
• Asking price: AED 15,347,000
• Original price: AED 15,900,000
• Saving: AED 553,000 (3.5%)
• Rate: AED 4,762 per sqft
• Amount paid to developer: Approximately 9%
• Handover: Q4 2027

Size Clarification

The agent brief listed the size as 3,223 sqm, which is a unit error. The correct measurement is 3,223 sqft. This is confirmed by a DLD transaction recording a 3BR unit at 3,223 sqft for AED 14,750,000 in July 2026. Property Finder lists 3BR apartments in this building ranging from 2,701 to 3,358 sqft. Published floor plan types are Type A (3,155 sqft), Type B (3,073 sqft), Type C (2,978 sqft) and Type D (2,701 sqft). The 3,223 sqft does not match any published type exactly but falls between Type A and the upper range, suggesting a measurement variance or balcony inclusion.

Below OP Analysis

At AED 15,347,000 vs AED 15,900,000 OP, the saving is AED 553,000 (3.5%). This is a modest discount. Including the 4% DLD fee on the original purchase (approximately AED 636,000), the seller's total loss is approximately AED 1,189,000.

DLD Transactions

• 24 Jul 2026: 3BR at 3,223 sqft for AED 14,750,000 (AED 4,576 per sqft)
• 6 Mar 2026: 3BR at 3,134 sqft for AED 15,334,062 (AED 4,892 per sqft)

At AED 4,762 per sqft, this listing sits between the two recorded transactions. A buyer targeting value would note the July 2026 transaction at AED 14,750,000 for the identical 3,223 sqft layout, which is AED 597,000 (3.9%) below this asking price.

Active Resale Listings

• AED 14,400,000 for 3,134 sqft (initial sale, 20th floor, furnished, 1yr free service charge)
• AED 15,244,529 for 3,134 sqft (initial sale stock)
• AED 16,950,000 for 3,223 sqft (high floor, Ain Dubai and Palm views)
• AED 17,250,000 for 3,223 sqft (high floor, Palm sea view)
• AED 18,000,000 for 3,358 sqft (panoramic sea views)

The asking price of AED 15,347,000 is competitive against the resale market. One listing at AED 14,400,000 for a smaller 3,134 sqft unit (furnished, with 1 year free service charge) may represent better value depending on floor and view.

9% Paid: Early-Stage Assignment

The seller has paid only approximately 9% of AED 15,900,000 (approximately AED 1,431,000) to the developer. The published payment plan is 60/40: 10% on booking, 10% at 30 days, then 5% quarterly for 8 installments (40% total during construction), and 40% on handover. At 9% paid, the seller may not have completed the initial down payment tranche or may be on a modified schedule. A buyer assuming this assignment would be responsible for approximately 91% of all remaining payments to the developer, including the 40% handover payment (approximately AED 6,360,000 based on OP).

Ultra-Luxury Positioning

At AED 4,762 per sqft, this is ultra-luxury pricing. The Dubai Marina apartment average is approximately AED 2,058 per sqft. Habtoor Grand Residences trades at 2.3 times the area average. This premium is supported by the beachfront location within an established 5-star resort compound, direct private beach access, and the full resort amenity package.

About Habtoor Grand Residences

Habtoor Grand Residences is a 50-storey (G+49) residential tower with 283 units being built within the compound of the Al Habtoor Grand Resort, Autograph Collection (Marriott) on Al Falea Street, Dubai Marina. Units range from 2BR apartments (from 2,023 sqft) to 5BR penthouses (6,738 sqft). Sales launched in March 2024 and the project is now sold out from the developer. The tower reached above-ground construction phase by November 2024. Residents receive full access to resort amenities including private beach, multiple pools, tennis courts, spa and resort dining.

Verification Notes

The asking price, OP and 9% payment status are from the agent brief. The size of 3,223 sqft is confirmed by DLD records (the agent's sqm notation is an error). The 3.5% saving is verified (553,000 divided by 15,900,000). Q4 2027 handover is confirmed across sources. Buyers should verify the exact floor, view, payment history, developer NOC requirements and whether the assignment fee applies.