Four-Bedroom Penthouse at Address Residences The Bay, Emaar Beachfront — Priced Below the Seller's Benchmark

Property Overview

This is a four-bedroom penthouse on the 57th floor at Address Residences The Bay, the Address-branded Emaar development at Emaar Beachfront (Dubai Harbour). The 6,522 sqft penthouse is offered at AED 19,000,000, which is AED 3,000,000 (13.6%) below the seller's stated benchmark of AED 22,000,000. The agent describes the sale as a distress case with the seller under financial pressure. It is an off-plan resale with handover stated for Q4 2026.

Property Highlights

• Type: 4-bedroom penthouse
• Size: 6,522 sqft
• Floor: 57th floor (agent-stated)
• Asking price: AED 19,000,000
• Seller-stated benchmark: AED 22,000,000
• Saving vs. benchmark: AED 3,000,000 (13.6%; agent stated ~14%)
• Rate: AED 2,913 per sqft
• Handover: Q4 2026 (agent-stated)
• Developer: Emaar Properties
• Community: Emaar Beachfront

Why the Price Qualifies

The asking price of AED 19,000,000 is AED 3,000,000 below the seller-stated benchmark of AED 22,000,000, a reduction of 13.6%. The agent described this as approximately 14%; the precise calculated figure is 13.6%. At 6,522 sqft the asking price is AED 2,913 per square foot. Please note the AED 22,000,000 figure is stated by the agent as both the current market value and the original purchase price; DPF has not independently verified it, and no transaction date or dated market comparable was supplied.

About the Project, Developer and Community

Address Residences The Bay is an Address-branded development by Emaar Properties at Emaar Beachfront, a gated island community within Dubai Harbour offering beach access, a marina and views toward the Palm and the Gulf, with connectivity via Sheikh Zayed Road. As an off-plan project, it is under construction toward its stated handover. Project specifications and the exact completion date should be confirmed against Emaar's official documentation.

Layout, Floor and View

The agent describes a 6,522 sqft four-bedroom penthouse on the 57th floor. Exact layout, bathrooms, parking, terraces, orientation and views were not detailed in the brief and should be confirmed on the floor plan and in the Sale and Purchase Agreement.

Payment Plan and Handover

Handover is stated by the agent as Q4 2026. No payment plan terms were supplied; any developer instalment or post-handover structure, the outstanding balance and assignment (resale) terms must be confirmed with Emaar and in the SPA before commitment.

Verification Notes

• Agent-supplied facts: 4-bedroom penthouse, size (6,522 sqft), 57th floor, asking price (AED 19,000,000), benchmark (AED 22,000,000), distress / seller under financial pressure, and Q4 2026 handover.
• DPF-calculated figures: savings amount (AED 3,000,000), savings percentage (13.6%), and price per square foot (AED 2,913).
• Benchmark flag: the AED 22,000,000 figure is stated as both the original purchase price and the current market value (a potential duplicate entry). The discount is the same either way; confirm which the figure represents and supply a dated market comparable if the intended basis is market value.
• External project research: Address Residences The Bay is confirmed as an off-plan Emaar development at Emaar Beachfront; unit-specific facts were not independently verified.
• 'Distress' and 'seller under financial pressure' are agent-stated and are not DPF-verified facts.