Off-Plan 4-Bedroom Townhouse in Greenridge 1, Emaar South, with 50% Paid

Property Overview

This off-plan 4-bedroom townhouse in Greenridge 1, Emaar South, Dubai, is offered at AED 6,500,000. It has 2,763 sq ft of built-up area on a 4,238 sq ft plot. The agent reports that 50% of the purchase price has been paid and describes the listing as a hot deal. No original purchase price was supplied, so this page does not state a discount.

Property Highlights

• Property type: 4-bedroom townhouse
• Built-up area: 2,763 sq ft
• Plot size: 4,238 sq ft
• Asking price: AED 6,500,000
• Asking rate: approximately AED 2,353 per sq ft of built-up area
• Amount paid: 50% (agent-stated)
• Status: off-plan (agent-stated)
• Developer: Emaar Properties

Why This Is Classed as Off-Plan Distress

The agent presents this as a hot deal on an off-plan townhouse with half the purchase price already paid. Because Greenridge is still under construction and the seller is offering the unit before completion, DPF classifies it as an Off-Plan Distress resale. Dividing the asking price by 2,763 sq ft gives an asking rate of about AED 2,353 per sq ft of built-up area.

The brief did not include the seller's original purchase price, a DLD transaction comparison or dated market evidence, so DPF has not calculated a saving and does not claim the townhouse is priced below original price or below market. Buyers should ask for the original SPA price and compare recent Greenridge resale transactions for the same layout.

About the Project, Developer and Community

Greenridge is a townhouse project by Emaar Properties in Emaar South, within the Dubai South district near Al Maktoum International Airport. Published project information lists 3- and 4-bedroom townhouses, with 4-bedroom layouts of roughly 2,707 to 2,767 sq ft. Sales launched in January 2025 with a construction-linked payment plan, and the developer's expected completion is Q4 2028. The community is planned with parks and green spaces, swimming pools, fitness facilities, children's play areas, a community centre and retail and dining.

Layout and Plot

The agent confirms a 4-bedroom townhouse with 2,763 sq ft of built-up area on a 4,238 sq ft plot, which is a generous plot for a townhouse and may indicate an end or corner position. The unit position, bathroom count, maid's room and parking were not supplied, and DPF has not assumed them. Request the floor plan and plot plan to confirm the layout and plot dimensions.

Payment Plan and Handover

The agent states 50% has been paid. Without the original price, DPF cannot convert this into an amount. Published project information shows a plan with 20% due on handover and a project completion estimate of Q4 2028; this unit's own handover date was not supplied. Buyers should obtain the SPA, Oqood and Emaar statement of account to confirm the original price, the amount paid, the premium the seller is asking above the amount paid and the remaining balance, and check Emaar's NOC and resale conditions.

Location and Connectivity

Emaar South sits in Dubai South, close to Al Maktoum International Airport and the Expo City Dubai area, with road access to Sheikh Mohammed Bin Zayed Road and Emirates Road. DPF has not stated travel times because they were not verified for this listing.

Verification Notes

• Agent-supplied facts: project phase, community, property type, bedrooms, built-up area, plot size, off-plan status, 50% paid, asking price and hot-deal description.
• DPF-calculated figure: price per sq ft.
• External research: project facts, layouts, payment structure and completion estimate from published project information, not unit-specific records.
• Not supplied: unit number, original price, handover date, bathrooms, maid's room and parking.