3-Bedroom Apartment in Ocean Star Building 2, Rashid Yachts and Marina — 8.6% Below Original Price

Property Overview

This 3-bedroom apartment in Ocean Star Building 2 at Rashid Yachts and Marina is listed at AED 3,550,000, which is 8.6% below the agent-stated original purchase price of AED 3,883,244. The unit spans 1,619 sq ft and features a balcony with community views. It is a price-reduced off-plan resale with handover expected in July 2028.

Property Highlights

• Type: 3-bedroom apartment
• Built-up area: 1,619 sq ft
• View: community
• Balcony: yes
• Asking price: AED 3,550,000
• Original purchase price (agent-stated): AED 3,883,244
• Savings vs OP: AED 333,244 (8.6%)
• Estimated total seller loss including DLD: approximately AED 488,574 (12.6%)
• Rate: approximately AED 2,193 per sq ft
• Handover: July 2028
• Status: off-plan resale, price reduced

Why This Price Qualifies as Below OP

The seller originally purchased this apartment for AED 3,883,244, as stated by the listing agent. The current asking price of AED 3,550,000 produces a saving of AED 333,244, equivalent to an 8.6% reduction from the original price. The price has been specifically reduced as a distress sale.

The seller's total loss extends beyond the OP reduction. At the time of original purchase, the seller would have paid DLD transfer fees of 4%, approximately AED 155,330. Combined with the AED 333,244 reduction from OP, the seller's estimated total loss is approximately AED 488,574, representing roughly 12.6% of the seller's all-in cost (OP plus DLD).

Prospective buyers should request the seller's signed Sale and Purchase Agreement to confirm the original purchase price independently. DPF has not verified the SPA and classifies this listing as a draft until that confirmation is received.

About Ocean Star

Ocean Star is a premium waterfront residential development by Emaar Properties, situated in Rashid Yachts and Marina at Mina Rashid. The project comprises two towers with a total of 154 residential units in 1, 2 and 3-bedroom apartment configurations plus 3-bedroom townhouses. Apartment sizes range from approximately 788 to 2,023 sq ft, with townhouses from approximately 3,040 to 3,088 sq ft. Each residence includes at least one balcony or terrace, a walk-in wardrobe and laundry room, with 3-bedroom units additionally featuring a utility room.

The development is designed around a signature canal-shaped pool, with panoramic windows framing views of the pool, landscaped gardens and the waterfront. The original payment plan is 10/80/10 (10% down payment, 80% during construction, 10% on handover).

Amenities

Ocean Star provides an extensive amenity suite including an infinity swimming pool, canal pool, fully equipped gymnasium, landscaped podium gardens, sports court, multi-use games area, children's play area, barbecue and outdoor seating areas, waterfront promenade with cafes and restaurants, health clinic, 24-hour security with CCTV, concierge services and covered parking.

Location and Connectivity

Ocean Star is located within Rashid Yachts and Marina at Mina Rashid, a waterfront destination developed in collaboration between Emaar Properties and P&O Marinas. The area combines residential living with a marina promenade, retail, dining and leisure facilities. Downtown Dubai is approximately 15 minutes away by car, Dubai International Airport approximately 20 minutes, with access via Sheikh Zayed Road. The community is close to Dubai Creek Harbour, DIFC and Business Bay.

Verification Notes

The asking price of AED 3,550,000, original purchase price of AED 3,883,244, bedroom count, built-up area of 1,619 sq ft, community view, balcony and July 2028 handover are all sourced from the agent brief dated 16 September 2026. The price per square foot of AED 2,193 and savings of AED 333,244 (8.6%) are calculated from these figures. The estimated total seller loss of AED 488,574 (12.6%) includes the assumed 4% DLD fee on the original purchase.

Bathroom count, parking allocation, floor level and furnishing status were not specified in the agent brief and have been omitted. Project-level facts about Ocean Star and Rashid Yachts and Marina are sourced from Emaar Properties records, Metropolitan Realestate project pages, Bayut area guides and DLD data via Dubizzle.

This listing is classified as a draft. The original purchase price has not been independently verified against the seller's SPA. No images have been supplied; actual photography or renders are required before publication.