1-Bedroom Park-View Apartment at Address Residences Zabeel Tower 4, 13% Below OP

Property Overview

This 1-bedroom apartment in Address Residences Zabeel Tower 4 is offered at AED 2,000,000. It has a built-up area of 763 sq ft with a park view. Against an agent-stated original purchase price of AED 2,300,000, the asking price is AED 300,000 or 13.0% below OP. The agent gives handover as 2029.

Property Highlights

• Asking price: AED 2,000,000
• Original purchase price: AED 2,300,000
• Below OP by: AED 300,000 (13.0%)
• Bedrooms: 1
• Built-up area: 763 sq ft
• Asking rate: about AED 2,621 per sq ft (OP rate about AED 3,014)
• View: park view (agent-stated)
• Tower: Tower 4
• Handover: 2029 (agent-stated)
• Developer: Emaar

Why the Price Qualifies as Below OP

The agent supplied an original purchase price of AED 2,300,000 and a selling price of AED 2,000,000. The difference is AED 300,000, which is 13.0% of the OP.

The asking price works out to about AED 2,621 per sq ft. The amount already paid to Emaar and the remaining balance were not supplied, so confirm the cash due to the seller and the instalments a buyer would take over against the SPA and Emaar's statement of account.

About Address Residences Zabeel

Address Residences Zabeel is an Emaar development under the Address Hotels + Resorts brand in Za'abeel, close to Sheikh Zayed Road. Published project information describes four towers of 50 to 58 storeys with more than 1,600 residences, from 1- to 3-bedroom apartments to 4-bedroom penthouses and full floors. The project is marketed for views of Burj Khalifa, Zabeel Park, Dubai Creek and DIFC.

Layout, Floor and View

The agent describes a one-bedroom apartment of 763 sq ft with a park view in Tower 4. Published 1-bedroom layouts start from about 736 sq ft. Floor number, bathroom count and parking were not supplied.

Payment Plan and Handover

The agent gives handover as 2029, and published project information lists Q3 2029 for the development. The payment plan and amount paid were not supplied; confirm the handover date for Tower 4 and the remaining payments in the SPA.

Location and Connectivity

Za'abeel sits beside Sheikh Zayed Road, with access to Downtown Dubai, Business Bay and DIFC. Exact travel times were not supplied.

Verification Notes

• Agent-supplied: price, OP, built-up area, bedrooms, tower, park view and 2029 handover.
• Calculated by DPF: discount amount, discount percentage and rates per sq ft.
• External research: tower count, heights, unit mix, views and handover timeline from published project information.
• Not supplied: floor, bathrooms, parking, payment plan and amount paid.