Furnished 4-Bedroom Penthouse at Avani Palm View, Dubai Media City – 19.3% Below Purchase Price

Property Overview

This furnished 4-bedroom penthouse with maid's and driver's rooms at Avani Palm View Dubai Hotel & Suites in Dubai Media City is offered at AED 15,500,000 for 447 sq m, roughly 4,811 sq ft. That is AED 3,700,000 (19.3%) below the agent-stated purchase price of AED 19,200,000, at about AED 3,222 per sq ft, on a high floor with two parking spaces.

Property Highlights

• Property type: Penthouse
• Bedrooms: 4, plus maid's room and driver's room
• Size: 447 sq m, approx. 4,811 sq ft (agent-stated; sq ft converted)
• Asking price: AED 15,500,000
• Original purchase price: AED 19,200,000 (agent-stated)
• Saving: AED 3,700,000, or 19.3% below purchase price (calculated)
• Price per sq ft: approx. AED 3,222 (calculated)
• Floor: High floor (agent-stated)
• Furnishing: Furnished (agent-stated)
• Parking: 2 spaces (agent-stated)
• Developer: ALFAHIM Group

Why the Price Qualifies as Below Original Price

The agent states the penthouse's purchase price was AED 19,200,000 and the seller is now asking AED 15,500,000 as a distress sale. The difference is AED 3,700,000.

Calculation

• Saving: AED 19,200,000 − AED 15,500,000 = AED 3,700,000
• Percentage: 3,700,000 ÷ 19,200,000 × 100 = 19.3%
• Size: 447 sq m × 10.764 = approx. 4,811 sq ft
• Rate: AED 15,500,000 ÷ 4,811 sq ft = approx. AED 3,222 per sq ft

The purchase price comes from the agent's brief and should be confirmed against the seller's SPA or title deed. The comparison is with the seller's purchase price only, not with recent DLD transactions in the building.

About the Project and Developer

Avani Palm View Dubai Hotel & Suites is a completed hotel and serviced-residence building by ALFAHIM Group in Dubai Media City, operated under the Avani hotel brand. Published information describes around 263 fully furnished residences from 1- to 4-bedroom layouts, facing Palm Jumeirah, with facilities including a swimming pool and infinity pool, spa, gym, cinema and entertainment rooms, conference space, on-site restaurants, valet parking, concierge and security.

Buyers should confirm the hotel management or rental arrangement, house rules and service charges with the operator.

Layout, Floor and View

The agent describes a furnished high-floor penthouse with four bedrooms, a maid's room, a driver's room and two parking spaces. At around 4,811 sq ft it is larger than the standard unit sizes published for the building, which is consistent with a penthouse but should be confirmed on the floor plan and title deed. The exact floor, view and bathroom count were not supplied.

Handover and Transfer

The building is completed. Buyers should confirm the title deed, current occupancy or any hotel rental programme the unit is in, service charges, any mortgage and the DLD transfer fee before committing.

Location and Connectivity

Dubai Media City sits beside Sheikh Zayed Road, opposite Palm Jumeirah and close to Dubai Internet City, Dubai Marina and JLT. Exact travel times should be checked during a viewing.

Verification Notes

• Agent-supplied facts: project, bedrooms, maid's and driver's rooms, size in sq m, purchase price, asking price, high floor, furnished and two parking spaces.
• Calculated figures: sq ft conversion, saving amount, saving percentage and price per sq ft.
• External research: developer, residence count, unit range and facilities from published information; these are not unit-specific.
• Not supplied: exact floor, view, bathrooms, occupancy, rental arrangement and service charge.