4-Bedroom Penthouse at Seapoint Tower 1, Emaar Beachfront – AED 2M Below Original Price

Property Overview

This 4-bedroom penthouse in the 03 series of Seapoint Tower 1 by Emaar in Emaar Beachfront is offered at AED 24,000,000. It has 4,462 sq ft of internal space plus a 768 sq ft balcony. That is AED 2,000,000 (7.7%) below the agent-stated original price of AED 26,000,000, at about AED 5,379 per sq ft of internal area, with handover expected in 2028.

Property Highlights

• Property type: Penthouse
• Bedrooms: 4
• Internal size: 4,462 sq ft (agent-stated)
• Balcony: 768 sq ft (agent-stated); total approx. 5,230 sq ft
• Asking price: AED 24,000,000
• Original price: AED 26,000,000 (agent-stated)
• Saving: AED 2,000,000, or 7.7% below original price (calculated)
• Price per sq ft of internal area: approx. AED 5,379 (calculated)
• Unit series: 03 (agent-stated)
• Tower: Seapoint Tower 1 (agent-stated)
• Expected handover: 2028 (agent-stated)
• Developer: Emaar Properties

Why the Price Qualifies as Below Original Price

The agent states the penthouse's original price was AED 26,000,000 and the seller is now asking AED 24,000,000, describing it as AED 2 million below the original price. DPF's calculation confirms the figure.

Calculation

• Saving: AED 26,000,000 − AED 24,000,000 = AED 2,000,000
• Percentage: 2,000,000 ÷ 26,000,000 × 100 = 7.7%
• Rate: AED 24,000,000 ÷ 4,462 sq ft = approx. AED 5,379 per sq ft of internal area

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

About the Project and Developer

Seapoint is a two-tower residential development by Emaar Properties in Emaar Beachfront, between Palm Jumeirah and Dubai Marina, with private beach access. Published project information lists Tower 1 as offering 1- to 4-bedroom apartments, half-floor units and 4- and 6-bedroom penthouses, with 4-bedroom penthouses launched from around AED 26.2 million. Expected handover is Q2 2028.

Listed amenities include an infinity pool and pool deck, a children's pool and playgrounds, a barbecue area, gardens, retail space and the private beach. Final specifications should be confirmed against Emaar's sales documents.

Layout, Floor and View

The agent describes a 4-bedroom penthouse in the 03 unit series of Tower 1, with 4,462 sq ft internal and a 768 sq ft balcony. The exact floor, view, bathroom count, parking and unit number were not supplied. Request the floor plan for the 03 series before making an offer.

Payment Plan and Handover

The agent states handover is expected in 2028. The payment schedule, amount already paid and balance due on handover were not supplied. Published project information describes a launch plan with most of the price paid during construction. Buyers should confirm the amount paid, the outstanding balance, Emaar's transfer and NOC fees and the DLD transfer fee against the SPA and the developer's statement of account.

Location and Connectivity

Emaar Beachfront is a waterfront community between Dubai Marina and Palm Jumeirah, with a private beach, marina views and access to Sheikh Zayed Road. Exact travel times should be checked during a viewing.

Verification Notes

• Agent-supplied facts: project, tower, unit series, bedrooms, internal and balcony size, original price, asking price, AED 2 million discount and 2028 handover.
• Calculated figures: saving amount, saving percentage, price per sq ft and total area.
• External research: developer, tower count, unit mix, launch pricing, amenities and handover quarter from published project information; these are not unit-specific.
• Not supplied: exact floor, view, bathrooms, parking, payment schedule and amount paid.