Distress Deal: Altus Tower 1 by Emaar | 1BR 02 Series | High Floor | AED 278,000 Below Original Price | AED 1,562,000

15% Below Original Price | 1 Bedroom 02 Series | High Floor | 728 sq.ft | 67.71 sqm | Dubai Creek Harbour | AED 1,562,000

A distress deal at Altus Tower 1 by Emaar Properties, Dubai Creek Harbour — a 1-bedroom 02 series apartment on a high floor, 728 sq.ft (67.71 sqm), selling at AED 1,562,000, a reduction of AED 278,000 from the original purchase price of AED 1,840,000. This unit is positioned within Tower 1 of the Altus twin-tower development, which sits directly adjacent to an 11,760 sqm central park, four minutes’ walk from the community metro station, and steps from a 120-metre beach — one of the most advantaged positions within the Dubai Creek Harbour masterplan at an entry-level 1-bedroom price point.

Property Highlights

• Project: Altus Tower 1 by Emaar Properties
• Location: Dubai Creek Harbour, Dubai
• Type: 1 Bedroom Apartment — 02 Series
• Size: 728 sq.ft (67.71 sqm)
• Floor Position: High floor
• Original Price: AED 1,840,000
• Selling Price: AED 1,562,000
• Reduction: AED 278,000 (approximately 15.1%)
• Price per sq.ft (Selling Price): Approximately AED 2,145/sq.ft
• Price per sq.ft (Original Price): Approximately AED 2,527/sq.ft
• Developer: Emaar Properties
• Handover: Q3 2027 per seller — see important note below
• 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

Important Note on Handover Timeline

The seller has indicated a handover of Q3 2027 for this unit. However, published developer and third-party sources indicate that Altus at Dubai Creek Harbour’s estimated handover is Q1 2028 to Q1 2029 — later than the seller’s stated date. Buyers are strongly advised to verify the current expected handover timeline directly with Emaar Properties as part of due diligence before entering into any resale transaction for this unit. The handover date presented in this listing reflects the seller’s stated information; the actual delivery schedule may differ.

AED 278,000 Below Original Price — Understanding This Distress

• Original purchase price: AED 1,840,000
• Current selling price: AED 1,562,000
• The reduction: AED 278,000, or approximately 15.1% below the original price
• Context: Altus 1-bedroom units were launched from AED 1,600,000 — this unit’s original price of AED 1,840,000 reflects any post-launch escalation and the premium typically associated with a high floor and the 02 series unit type designation within the tower. The selling price of AED 1,562,000 is below even the project’s published launch starting price, meaning the buyer acquires a high-floor 02 series unit at below-launch-pricing
• At AED 2,145/sq.ft, this is a competitive rate for a 1-bedroom in Emaar’s Dubai Creek Harbour portfolio — in a community where comparable sales are being registered at materially higher rates as the masterplan matures
• Buyers are encouraged to verify the original purchase price and current payment plan status as part of standard due diligence

02 Series — What the Unit Type Designation Means

Within Altus Tower 1’s floor plan grid, the 02 series identifies this unit’s specific layout configuration within the tower’s 1-bedroom range:

• Series designation — residential towers typically use a unit numbering system where the series or stack number (02 in this case) identifies the position and layout type of the unit within each floor plate, differentiating it from other 1-bedroom configurations (01 series, 03 series, etc.) that may have different orientations, window placement, or internal layouts
• Buyer relevance — the 02 series designation allows a buyer who has researched Altus Tower 1’s floor plans to identify the specific layout and view orientation of this unit, confirming whether the view orientation, bedroom placement, and living area configuration match their preference
• Detailed floor plan for this 02 series unit available on request

High Floor in Tower 1 — Position and View Advantage

Altus Tower 1 has 20 residential floors (above the ground floor and two podium levels). A high floor position delivers meaningful advantages:

• View from the front — Altus Tower 1 is positioned facing the 11,760 sqm central park, with partial canal and Creek views beyond. On a high floor, this view is captured at its fullest, above rooflines and podium landscaping, delivering open park and waterway sightlines
• View from the back — rear-facing units in Altus look towards the planned Dubai Creek Tower (designed to surpass the Burj Khalifa) and the wider community, giving back-facing high-floor units a future landmark skyline view as the masterplan develops
• Height advantage in a mid-rise context — in a 20-floor residential tower, high floors experience meaningfully less ambient noise from the podium and ground-level activity, and receive more consistent natural light, than lower and mid-level floors
• Resale and rental premium — high floor units in established Dubai Creek Harbour developments consistently command a premium over lower-floor equivalents

728 sq.ft (67.71 sqm) — A Practical, Well-Proportioned 1-Bedroom

• At 728 sq.ft, this unit sits within the published range for Altus’s 1-bedroom apartments (665–906 sq.ft across the two towers), above the entry-level minimum size and well-proportioned for single or couple occupation
• The 67.71 sqm internal footprint is a standard Dubai Creek Harbour 1-bedroom configuration — supporting a comfortable living and dining arrangement, a full bedroom, bathroom, kitchen, laundry area, and balcony

Altus Tower 1 — Location Within the Masterplan

Tower 1 of Altus is specifically positioned with exceptional proximity advantages within the Dubai Creek Harbour masterplan:

• Adjacent to 11,760 sqm central park — residents of Altus Tower 1 are directly next to one of the community’s signature green spaces, a park that provides daily outdoor access without requiring a car or a significant walk
• 4-minute walk to metro — Altus is positioned next to one of the four metro stations planned within Dubai Creek Harbour, one of the community’s most practically valuable attributes. A four-minute walk to metro connectivity eliminates car dependency for most daily journeys across Dubai’s transit network
• 120 metres beach nearby — Creek Beach, a 700-metre white sand beach within Dubai Creek Harbour, is accessible through the park — a short walk rather than a drive. This makes the beach a casual daily-use amenity rather than an occasional destination
• Adjacent to Oria development — Altus is positioned next to Oria, another established Emaar development within the community, placing it in the more mature, established residential zone of Dubai Creek Harbour
• RTA ferry terminal proximity — a water taxi service connecting Dubai Creek Harbour directly to Downtown Dubai, providing an alternative and scenic commuting option

About Altus and Dubai Creek Harbour

Altus is a twin-tower development — Tower 1 (20 residential floors) and Tower 2 (13 residential floors) connected by a shared podium — offering approximately 280 units across 1, 2, and 3-bedroom configurations. The development is part of Emaar’s Dubai Creek Harbour masterplan, a 6-million sq.m waterfront district along the historic Dubai Creek that is positioning itself as one of Dubai’s next major residential and cultural hubs.

Altus Amenities

• Landscaped pool deck
• Fitness centre and gym
• 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
• Sports facilities

Dubai Creek Harbour Community

• Creek Beach — 700 metres of white sand beach (accessible through the central park)
• Creek Marina, Creek Island, and Harbour Promenade
• Ras Al Khor Wildlife Sanctuary — flamingo habitat nearby
• RTA Ferry Terminal — water taxi to Downtown Dubai
• Metro station — 4-minute walk from Altus Tower 1
• Jameel Arts Centre — 2.7 km
• Cycling tracks and skate park
• Sports courts and adventure playground
• Deira International School and Swiss International Scientific School — 2 km

Layout and Floor Plan

This 1-bedroom 02 series unit at Altus Tower 1 spans 728 sq.ft (67.71 sqm) on a high floor. Published 1-bedroom layouts at Altus typically accommodate an open plan living and dining area, a fully fitted kitchen, a laundry area, one bedroom with bathroom, and a balcony with park or community views. Exact floor plan for the 02 series unit available on request.

Payment and Transfer

This is a distressed resale at AED 1,562,000, representing a reduction of AED 278,000 from the original purchase price of AED 1,840,000.

• Original Price: AED 1,840,000
• Selling Price: AED 1,562,000
• Discount: AED 278,000 (~15.1%)
• Status: Off-plan — under construction
• Stated Handover: Q3 2027 per seller — verify with Emaar (published sources indicate Q1 2028–Q1 2029)
• Payment Plan: 10/70/20 — 10% booking, 70% during construction (8 instalments), 20% on handover
• DLD Transfer Fee: Approximately 4% (c. AED 62,480)
• Remaining Payment Plan: Buyer to assume remaining instalments; full schedule available on request
• Mortgage: Subject to bank and developer policy on off-plan resale financing

Location and Connectivity

• Metro Station: 4-minute walk from Altus Tower 1
• RTA Ferry Terminal: Within the community
• Creek Beach: Steps away through the central park
• Ras Al Khor Road (E44): Direct access
• Downtown Dubai: Approximately 20 minutes by car (or water taxi)
• Dubai International Airport (DXB): Approximately 15 minutes by car
• 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 1,562,000

• AED 278,000 below original price — 15% reduction, below even the project’s published launch starting price
• Tower 1 specifically — larger tower (20 floors vs Tower 2’s 13), positioned directly adjacent to the 11,760 sqm central park
• High floor — park/canal view from the front, future Creek Tower skyline from the back
• 02 series layout — a specific, identifiable unit type within the tower’s floor plan grid
• 4-minute walk to metro — one of DCH’s most practically valued connectivity assets
• 728 sq.ft / 67.71 sqm — above-minimum 1-bedroom sizing in the Altus range
• Emaar Properties — the developer of Downtown Dubai, the Burj Khalifa, and Dubai Creek Harbour itself
• Freehold ownership available to all nationalities

Frequently Asked Questions (FAQs)