Distress Property, Off-Plan

Selling Below OP | Altus by Emaar | 2BR | 1,170 sqft | Dubai Creek Harbour | AED 2,340,000

Ref: DPF-ALTUS-2BR-1170-001

Emaar Properties

Creek beach, United Arab Emirates

Community: Dubai Creek Harbour

Bedrooms

2

Down Payment

On Request

Handover Date

Q1-2029
aed 2,340,000
Request_call
Description

Selling Below Original Price: Altus by Emaar | 2BR | 1,170 sq.ft | AED 460,000 Below OP | AED 2,340,000

16.4% Below Original Price | 2 Bedrooms | 1,170 sq.ft | Dubai Creek Harbour | 10-Year Golden Visa Eligible | Adjacent to 11,760 sqm Central Park | 4-Minute Walk to Metro

A below-original-price resale at Altus by Emaar, Dubai Creek Harbour — a 2-bedroom apartment of 1,170 sq.ft, selling at AED 2,340,000, a reduction of AED 460,000 from the original purchase price of AED 2,800,000. At AED 2,000/sq.ft, this is priced at or below the development’s published 2-bedroom starting price range, delivering what may be the most cost-efficient entry point currently available for a 2-bedroom in Altus. This unit is positioned within one of Emaar’s most advantaged buildings in Dubai Creek Harbour — directly adjacent to an 11,760 sqm central park, four minutes’ walk from the metro station, and steps from a 120-metre beach.

Property Highlights

  • Project: Altus by Emaar Properties
  • Location: Dubai Creek Harbour, Dubai
  • Type: 2 Bedroom Apartment
  • Size: 1,170 sq.ft
  • Original Price: AED 2,800,000
  • Selling Price: AED 2,340,000
  • Reduction: AED 460,000 (approximately 16.4%)
  • Price per sq.ft (Selling Price): AED 2,000/sq.ft
  • Price per sq.ft (Original Price): Approximately AED 2,393/sq.ft
  • Developer: Emaar Properties
  • Expected Handover: Q1 2028–Q1 2029 (confirm with Emaar)
  • Payment Plan: 10/70/20 (10% booking, 70% construction, 20% handover)
  • Status: Distressed — Off-plan, under construction
  • Community Position: Adjacent to 11,760 sqm central park | 4-minute walk to metro | 120m beach nearby
  • Visa Eligibility: 10-year Golden Visa — AED 2,340,000 exceeds the AED 2,000,000 threshold

AED 460,000 Below Original Price — Understanding This Distress

  • Original purchase price: AED 2,800,000
  • Current selling price: AED 2,340,000
  • The reduction: AED 460,000, or approximately 16.4% below the original price
  • At AED 2,000/sq.ft, this unit is priced at or below the published 2-bedroom starting price range for Altus — making it one of the most cost-efficient entry points currently available for a 2-bedroom within the development
  • The 2-bedroom opportunity: Altus’s 2-bedroom units represent the highest-demand rental and resale configuration within the development. Dubai Creek Harbour’s tenant base is primarily working professionals and couples, for whom a 2-bedroom provides a strong live-in and rental option that a 1-bedroom cannot. A 2BR at this price point, in a park-adjacent Emaar development with metro access, is a compelling investment proposition
  • Buyers are encouraged to verify the original purchase price and current payment plan schedule as part of standard due diligence on any resale transaction

2-Bedroom Configuration — The Strongest Rental Demand in Dubai Creek Harbour

At 1,170 sq.ft, this 2-bedroom unit occupies the core of Altus’s residential offering and the most sought-after apartment type in the Dubai Creek Harbour rental market:

  • Rental demand profile — Dubai Creek Harbour attracts a tenant demographic of working professionals, couples, and young families drawn to the waterfront community, the metro access, and the growing lifestyle infrastructure. For this demographic, a 2-bedroom is the optimal choice: more space than a 1-bedroom for shared living or home working, without the budget commitment of a 3-bedroom. 2-bedroom units in Dubai Creek Harbour are consistently the first apartments to let in any new tower
  • 1,170 sq.ft — a practical, well-proportioned 2-bedroom that typically accommodates an open-plan living and dining area, a fitted kitchen, two bedrooms, two bathrooms, a laundry area, and a balcony. This is larger than the minimum 2-bedroom footprint found in more compact Dubai developments, and comfortably supports both owner-occupation and tenant living
  • Rental yield context — 2-bedroom apartments in Dubai Creek Harbour achieve annual rents of approximately AED 130,000–180,000 depending on condition, view, and furnishing. At AED 2,340,000, this implies a gross yield of approximately 5.6–7.7% — competitive and consistent with DCH’s published average yields

10-Year Golden Visa — A Key Advantage of This Unit vs the 1-Bedroom Range

At AED 2,340,000, this 2-bedroom unit crosses a threshold that the 1-bedroom range in Altus does not:

  • The UAE 10-year Golden Visa requires a minimum property investment of AED 2,000,000. This unit at AED 2,340,000 exceeds that threshold by AED 340,000
  • Many 1-bedroom units at Altus are priced below AED 2,000,000 and therefore qualify only for the 2-year UAE residency visa. This 2-bedroom, at AED 2,340,000, qualifies for the full 10-year Golden Visa — covering the buyer and immediate family members, including domestic staff sponsorship, subject to current immigration requirements
  • For buyers to whom the Golden Visa is a consideration, this is the most relevant visa benefit available from a standard Altus apartment purchase

Altus by Emaar — Position and Location Advantages

Altus is a twin-tower development (Tower 1: 20 residential floors, Tower 2: 13 residential floors) by Emaar Properties within Dubai Creek Harbour, positioned with exceptional proximity advantages in the masterplan:

  • Adjacent to 11,760 sqm central park — residents are directly next to one of the community’s most significant green spaces, providing daily outdoor access, jogging, and recreation without requiring a car or extended walk
  • 4-minute walk to metro — one of Altus’s most practically valued attributes, positioning it among the rare Emaar developments with direct walking-distance metro access. Four minutes on foot eliminates car dependency for most daily journeys across Dubai’s transit network
  • Steps from Creek Beach — a 700-metre white sand beach within Dubai Creek Harbour, accessible through the central park — a short walk rather than a drive, making it a daily-use amenity
  • RTA Ferry Terminal — a water taxi connecting Dubai Creek Harbour directly to Downtown Dubai, providing a scenic alternative commuting option
  • Adjacent to Oria — Altus is positioned next to Oria, an established Emaar tower within the community, anchoring it in a mature residential zone

Emaar Properties — Developer Confidence for August 2030 Delivery

  • Emaar Properties is the developer of Downtown Dubai, the Dubai Mall, the Burj Khalifa, Dubai Marina, and the Dubai Creek Harbour masterplan itself — the community in which Altus is located
  • Emaar’s track record of delivering complex, large-scale projects to schedule is among the strongest of any Dubai developer, supporting buyer confidence in Altus’s expected handover
  • Altus’s position within Dubai Creek Harbour — Emaar’s own masterplan — means the developer has a direct vested interest in the quality and timely delivery of every building in the community

About Altus and Dubai Creek Harbour

Altus is a twin-tower development by Emaar Properties within Dubai Creek Harbour — a 6-million sq.m masterplan along the historic Dubai Creek. The development offers 1, 2, and 3-bedroom apartments across Tower 1 (20 residential floors) and Tower 2 (13 residential floors), connected by a shared podium. The towers sit directly adjacent to the community’s central park, four minutes from the metro, and within the wider Creek Beach waterfront zone.

Altus Amenities

  • Landscaped pool deck
  • Fitness centre and gymnasium
  • Yoga and meditation room
  • Kids’ play area
  • Multipurpose room
  • Wellness centre
  • Smart home technology throughout
  • Large balconies in every residence
  • Retail outlets and promenade access

Dubai Creek Harbour Community

  • Creek Beach — 700 metres of white sand beach
  • Creek Marina, Creek Island, and Harbour Promenade
  • Ras Al Khor Wildlife Sanctuary — flamingo habitat
  • RTA Ferry Terminal — water taxi to Downtown Dubai
  • Metro station — 4 minutes’ walk from Altus
  • Cycling tracks, skate park, sports courts
  • Adventure playground and multi-use community spaces
  • Jameel Arts Centre — 2.7 km
  • International schools within the community

Layout and Floor Plan

This 2-bedroom apartment at Altus by Emaar spans 1,170 sq.ft. Published 2-bedroom layouts at Altus typically accommodate an open-plan living and dining area, a fully fitted kitchen, a laundry area, two bedrooms with bathrooms, and a balcony with park or community views. Exact unit number, tower, floor, view direction, and floor plan are available on request.

Payment and Transfer

  • Original Price: AED 2,800,000
  • Selling Price: AED 2,340,000
  • Reduction: AED 460,000 (~16.4%)
  • Status: Off-plan — under construction
  • Handover: Q1 2028–Q1 2029 per published sources — confirm with Emaar
  • Payment Plan: 10/70/20 — 10% booking, 70% during construction (8 instalments), 20% on handover
  • DLD Transfer Fee: Approximately 4% (c. AED 93,600)
  • Remaining Payment Plan: Buyer assumes remaining instalments; full schedule on request
  • Mortgage: Subject to bank and developer policy on off-plan resale

Location and Connectivity

  • Metro Station: 4-minute walk from Altus
  • RTA Ferry Terminal: Within the community — water taxi to Downtown
  • Central Park (11,760 sqm): Directly adjacent
  • Creek Beach: Steps away through the park
  • Ras Al Khor Road (E44): Direct access
  • Dubai International Airport (DXB): Approximately 15 minutes by car
  • Downtown Dubai: Approximately 20 minutes by car or water taxi
  • Dubai Festival City: Approximately 10 minutes by car
  • Business Bay and DIFC: Approximately 15–20 minutes by car
  • Al Maktoum International Airport (DWC): Approximately 40 minutes by car

Why Acquire This Unit at AED 2,340,000

  • AED 460,000 below original price — at or below the development’s published 2-bedroom entry-level pricing, making this one of the most cost-efficient 2-bedroom entry points currently available in Altus
  • 10-year Golden Visa eligible — a meaningful distinction that 1-bedroom units at Altus (typically below AED 2M) do not provide
  • 2-bedroom configuration — the highest-demand rental and resale apartment type in Dubai Creek Harbour, with strong tenant appeal across the professional and family demographic
  • 1,170 sq.ft — well-proportioned for the 2-bedroom category, supporting comfortable owner-occupation and strong rental positioning
  • Park adjacent, metro in 4 minutes, beach nearby — Altus’s three defining proximity advantages, applicable equally to this 2-bedroom as to any unit in the development
  • Emaar developer — track record of delivering Dubai’s most complex and highest-profile projects on schedule
  • Freehold ownership available to all nationalities

Frequently Asked Questions (FAQs)

Is this really AED 460,000 below the original price?

The original purchase price was AED 2,800,000. The current selling price is AED 2,340,000 — a reduction of AED 460,000, approximately 16.4%. Buyers are encouraged to verify the original purchase documentation as part of due diligence.

Does this qualify for a 10-year Golden Visa?

Yes. At AED 2,340,000, this purchase exceeds the AED 2,000,000 threshold required for the UAE 10-year Golden Visa by AED 340,000. The buyer and immediate family members — including domestic staff — qualify for Golden Visa sponsorship, subject to current immigration requirements. This is a key distinction from Altus’s 1-bedroom range, which is typically priced below the AED 2,000,000 threshold.

What is the handover timeline?

Published developer and third-party sources indicate an estimated handover of Q1 2028 to Q1 2029 for Altus. Buyers should confirm the current expected handover directly with Emaar Properties as part of due diligence.

What is the payment plan?

Altus operates on a 10/70/20 plan: 10% booking, 70% during construction in 8 instalments, 20% on handover. The buyer assumes the remaining obligations under this plan; the full current schedule is available on request.

What is the rental yield potential?

2-bedroom apartments in Dubai Creek Harbour achieve annual rents of approximately AED 130,000–180,000. At AED 2,340,000, this implies a gross yield of approximately 5.6–7.7%. Estimates on request.

Which tower is this unit in?

The tower, floor, and exact unit number for this listing are available on request. Altus has two towers: Tower 1 (20 residential floors) and Tower 2 (13 residential floors). Contact us for the specific unit details.

Is the AED 2,000/sqft price competitive for Dubai Creek Harbour?

At AED 2,000/sqft, this unit is priced at or below Altus’s published 2-bedroom starting rate. Comparable Emaar 2-bedroom apartments in Dubai Creek Harbour are currently trading and listed at AED 2,200–2,800/sqft depending on view, floor, and completion progress. This unit at AED 2,000/sqft represents a below-market entry rate.

Is this property freehold?

Yes. Dubai Creek Harbour is a designated freehold area. Available to all nationalities with full ownership rights.

What are the transfer costs?

Approximately 4% DLD transfer fee (c. AED 93,600 on AED 2,340,000), plus applicable developer NOC and registration fees for an off-plan resale.

Can I view a show apartment?

Please contact us to arrange a viewing or to discuss the specific unit details, floor plan, and current payment schedule at Altus.

Floor Plan

This 2-bedroom unit at Altus by Emaar spans 1,170 sq.ft. Published 2-bedroom layouts at Altus typically accommodate an open-plan living and dining area, a fully fitted kitchen, a laundry area, two bedrooms with bathrooms, and a balcony. Tower, floor, view orientation, and exact unit floor plan available on request.

Payment_Plan

MilestonePayment%
Down_PaymentOn Request

Features

10-Year Golden Visa Eligible
10-Year Golden Visa Eligible
1170 sqft
1170 sqft
16.4 Percent Discount
16.4 Percent Discount
2 Bedrooms
2 Bedrooms
24x7 Security
24x7 Security
460K Below Original Price
460K Below Original Price
Beach Nearby
Beach Nearby
Below OP
Below OP
Distressed Sale
Distressed Sale
Downtown Dubai
Downtown Dubai
Dubai Creek Harbour
Dubai Creek Harbour
Dubai Marina
Dubai Marina
Emaar Developer
Emaar Developer
Golden Visa Eligible
Golden Visa Eligible
Gym
Gym
kids play area
kids play area
Metro 4 Min Walk
Metro 4 Min Walk
Outdoor cinema
Outdoor cinema
Park Adjacent
Park Adjacent
Parking Area
Parking Area
RETAIL OUTLETS
RETAIL OUTLETS
Swimming Pool
Swimming Pool

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