1-Bedroom Radisson Blu Hotel Apartment at Artesia A, DAMAC Hills, Below OP

Property Overview

This 1-bedroom hotel apartment in Artesia Tower A, DAMAC Hills, is offered at AED 401,000. It has a built-up area of 604 sq ft and is hotel-managed under Radisson Blu, according to the agent. Against an agent-stated original purchase price of AED 1,182,000, the asking price is AED 781,000 or 66.1% below OP, at about AED 664 per sq ft. The agent states the unit is suited to investors only and the price is non-negotiable.

Property Highlights

• Asking price: AED 401,000 (non-negotiable per agent)
• Original purchase price: AED 1,182,000
• Below OP by: AED 781,000 (66.1%)
• Type: hotel apartment
• Bedrooms: 1
• Built-up area: 604 sq ft
• Asking rate: about AED 664 per sq ft (OP rate about AED 1,957)
• Management: Radisson Blu hotel programme (agent-stated)
• Buyer profile: investors only (agent-stated)
• Developer: DAMAC Properties

Why the Price Qualifies as Below OP

The agent supplied an original purchase price of AED 1,182,000 and a selling price of AED 401,000. The difference is AED 781,000, which is 66.1% of the OP.

This is an unusually large discount. Hotel apartments are typically bought for income under the operator's rental programme rather than for owner occupation, which is why the agent describes this as an investor-only unit. Before committing, buyers should confirm the title, any outstanding service charges or developer dues, the terms and duration of the hotel management agreement, and recent income statements from the operator.

About Artesia and DAMAC Hills

Artesia is a DAMAC Properties development within DAMAC Hills, the developer's golf community built around Trump International Golf Club Dubai. Units in Artesia A include hotel apartments operated under the Radisson Blu brand, typically sold furnished as part of a managed rental programme.

Layout and Management

The agent describes a one-bedroom hotel apartment of 604 sq ft, hotel-managed by Radisson Blu. Floor, view, bathroom count, parking and the furniture package were not supplied. Request the management agreement and floor plan.

Status

Artesia is an established, completed development, and this unit is offered as a ready hotel apartment. Confirm whether it is currently in the rental pool and how income is distributed to owners.

Location and Connectivity

DAMAC Hills sits along Umm Suqeim Street (Al Qudra Road) and Sheikh Mohammed Bin Zayed Road in Dubailand. Exact travel times were not supplied.

Verification Notes

• Agent-supplied: price, OP, built-up area, bedrooms, tower, hotel management by Radisson Blu, investor-only and non-negotiable terms.
• Calculated by DPF: discount amount, discount percentage and rates per sq ft.
• External research: development context and hotel programme from published listings.
• Not supplied: floor, view, parking, service charges, management agreement terms and rental income history.