5 Bedroom + Maid Waterfront Villa in Wave Crest, Palm Jebel Ali, Below OP

Property Overview

This five-bedroom plus maid's room waterfront villa from the Coral Collection at Wave Crest, Palm Jebel Ali, is offered as a distress resale at AED 26,000,000 against an agent-stated original purchase price of AED 27,732,000, which is AED 1,732,000 or 6.2% below OP. The villa has an 8,335 sq ft BUA on a 7,375 sq ft plot and a roof lounge. It is on an 80/20 plan with 30% paid, and handover is expected in Q1 2028.

Property Highlights

• Property type: Villa (Coral Collection)
• Bedrooms: 5 plus maid's room
• Built-up area: 8,335 sq ft
• Plot size: 7,375 sq ft
• Asking price: AED 26,000,000
• Original purchase price: AED 27,732,000 (agent-stated)
• Saving vs OP: AED 1,732,000 (6.2%)
• Price per sq ft of BUA: approx. AED 3,119 (calculated)
• Features: Roof lounge, waterfront position (agent-stated)
• Payment plan: 80/20, 30% paid (agent-stated)
• Handover: Q1 2028 (agent-stated)

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 27,732,000 and an asking price of AED 26,000,000. The difference is AED 1,732,000, which is 6.2% of the original price, in line with the agent's description of about 6% below OP.

Calculation

• AED 27,732,000 minus AED 26,000,000 = AED 1,732,000
• AED 1,732,000 / AED 27,732,000 = 6.2% below OP
• AED 26,000,000 / 8,335 sq ft = approx. AED 3,119 per sq ft

The original price comes from the agent's resale brief. DPF has not reviewed the seller's SPA.

Payment Position

The agent states the villa is on an 80/20 payment plan with 30% paid. If that applies to the AED 27,732,000 OP, the seller has paid approximately AED 8,319,600 and around AED 19,412,400 remains payable to the developer. On that basis, a buyer would pay roughly AED 6,587,600 to the seller and take over the remaining instalments. These are DPF estimates; buyers should confirm exact amounts from the developer's statement of account.

About the Project and Community

Palm Jebel Ali is a palm-shaped island development off the Jebel Ali coast, planned with waterfront villas along its fronds, beaches, hospitality and leisure areas. Wave Crest is one of its villa collections, with the Coral Collection offering larger waterfront homes.

Layout and Features

The agent confirms a five-bedroom plus maid's room villa with an 8,335 sq ft BUA on a 7,375 sq ft plot, a roof lounge and a waterfront position. The frond, number of floors, bathroom count, parking and pool details were not supplied and should be confirmed from the SPA and floor plans.

Handover

The agent lists handover as Q1 2028. Buyers should confirm the handover date, remaining instalments and the developer's resale NOC requirements against the seller's SPA.

Verification Notes

• Agent-supplied facts: project and collection, five bedrooms plus maid, 8,335 sq ft BUA, 7,375 sq ft plot, OP AED 27,732,000, asking price AED 26,000,000, about 6% below OP, roof lounge, waterfront, 80/20 plan, 30% paid and Q1 2028 handover.
• Calculated by DPF: savings amount, savings percentage, price per sq ft and estimated paid and remaining amounts.
• External context: community overview.
• Not supplied: developer, frond, floors, bathrooms, parking and service charge.