Distress Sale: 2BR Full Sea View on 37th Floor in Creek Waters 2, Dubai Creek Harbour

10% Below Market | Below OP | 37th Floor | 1,140 Sqft | Full Sea View | Semi-Furnished | AED 2,880,000

This is a distress listing for a semi-furnished 2-bedroom full sea view apartment on the 37th floor of Creek Waters 2 by Emaar Properties, Creek Island, Dubai Creek Harbour, Dubai, UAE. The seller’s original purchase price (OP) was AED 3,180,000. The distress selling price is AED 2,880,000 — a saving of AED 300,000 (9.43%) below the original purchase price. The current market price for comparable 2-bedroom high-floor units in Creek Waters 2 is AED 3,200,000 — the buyer saves AED 320,000 (10%) below current market. Including the 4% DLD the seller paid at Oqood registration (~AED 127,200), the buyer saves approximately AED 427,200 (12.91%) versus the seller’s total all-in acquisition cost of approximately AED 3,307,200. Critically, this unit also confirms that the market has appreciated above the original purchase price since launch — the buyer at AED 2,880,000 acquires a unit currently valued at AED 3,200,000, delivering AED 320,000 in embedded market equity on day one. At AED 2,526/sqft on the 37th floor of a 50-floor tower with full sea and Creek views, a semi-furnished specification, and Q4 2027 (December 2027) handover on 10/80/10 payment plan — this is a compelling below-market entry into one of Emaar’s most visionary and globally celebrated waterfront masterplans.

Property Highlights

• Project: Creek Waters 2 (Phase 2 — Creek Waters)
• Developer: Emaar Properties
• Master Community: Dubai Creek Harbour (Creek Island), Dubai
• Unit Type: 2 Bedroom Apartment
• Size: 1,140 sq ft
• Floor: 37th (High floor — building is 50 floors)
• View: Full Sea View (Arabian Gulf / Dubai Creek)
• Condition: Semi-furnished (partial furniture and fittings included)
• Balcony: Yes — all 2BR Creek Waters 2 units include a balcony
• Bathrooms: 2 (standard 2BR Creek Waters 2 configuration)
• Parking: Covered parking
• Handover: Q4 2027 (December 2027)
• Payment Plan: 10/80/10 (10% down + 80% construction + 10% handover)
• Original Purchase Price (OP): AED 3,180,000
• Seller’s 4% DLD: ~AED 127,200
• Seller’s Total Entry (OP+DLD): ~AED 3,307,200
• Distress Selling Price: AED 2,880,000
• Saving vs OP: AED 300,000 (9.43%)
• Current Market Price (comparable units): AED 3,200,000
• Saving vs Market: AED 320,000 (10.0%)
• Saving vs OP+DLD: ~AED 427,200 (~12.91%)
• Embedded Market Equity at Purchase: AED 320,000 (market – distress price)
• Entry Price per Sqft: AED 2,526/sqft
• Market Price per Sqft: AED 2,807/sqft
• DCH 1BR Gross ROI: 6.2% (Metropolitan, Q2 2023)
• Ownership: Freehold — available to all nationalities
• Status: Off-Plan | Under Construction

About Creek Waters 2 — Emaar’s Premium Creek Island Address

Creek Waters 2 is the second phase of Emaar Properties’ flagship Creek Waters development on Creek Island — the premium residential heart of Dubai Creek Harbour, one of the most ambitious waterfront masterplans in the history of Dubai’s built environment. The building is a 50-storey tower delivering 450 residences across 1-bedroom to 4-bedroom apartments, 3-bedroom townhouses with rooftop terraces, and a unique 5-bedroom duplex penthouse. 2-bedroom apartments in Creek Waters 2 range from approximately 1,120 to 1,494 sq ft. The 37th-floor unit in this listing — at 1,140 sq ft — is at the lower end of the 2BR size range but at the upper end of the floor range, providing sea and Creek views that are elevated well above the Creek Island lower-rise surroundings. The 50-floor height, combined with the 37th-floor position, means this unit’s views are among the highest available in the building for a 2-bedroom configuration — with the full sea view encompassing the Arabian Gulf coast, Dubai Creek, and the surrounding Creek Harbour waterfront district. Emaar’s track record in Dubai Creek Harbour — which already includes Creek Beach, Creek Gate, Creek Horizon, Palace Residences, and multiple delivered phases — provides the strongest available developer confidence for a December 2027 delivery. Construction of Creek Waters 2 was completed to December 2027 by Metropolitan’s confirmed timeline.

The Market Appreciation Confirmation

The fact that the current market price for comparable 2BR units in Creek Waters 2 (AED 3,200,000) is above the seller’s original purchase price (AED 3,180,000) confirms that the development has appreciated since launch — a structural validation of Dubai Creek Harbour’s capital growth trajectory. The buyer at AED 2,880,000 acquires not only below OP but also AED 320,000 below the current market valuation — creating embedded equity of AED 320,000 from day one, before any further appreciation toward and beyond the December 2027 handover.

Community and Lifestyle — Dubai Creek Harbour

• Dubai Creek Harbour (DCH) is a 6 km² waterfront masterplan on the banks of Dubai Creek — a joint venture between Emaar Properties and Dubai Holding — projected to be home to over 200,000 residents upon completion. It is the most ambitious integrated urban waterplan Emaar has ever undertaken and one of the largest in the Arab world
• Dubai Creek Tower — projected to surpass the Burj Khalifa as the world’s tallest structure — is under construction within Dubai Creek Harbour, directly adjacent to Creek Island, making DCH the address most directly proximate to the world’s future tallest building
• Creek Island — where Creek Waters 2 is located — is the central premium island within DCH, connected to the mainland by three bridges and to Downtown Dubai by pedestrian bridge, water taxis, and four accessible Green Line metro stations
• Ras Al Khor Wildlife Sanctuary — a protected UNESCO-recognised natural reserve home to over 450 species of birds including flamingos — is visible from Creek Island’s upper floors. This permanently protected natural reserve provides an irreplaceable natural view element on one aspect
• Dubai Frame and Za’abeel Park are approximately 10 minutes by car; Burj Khalifa and Downtown Dubai are approximately 10 minutes; Dubai International Airport is approximately 10 minutes — one of the most central addresses in Dubai for airport proximity
• The Palace Hotel at Creek Island (Emaar) is within the community — providing 5-star hotel services, dining, and spa facilities accessible to Creek Island residents
• Creek Marina Walk — the community’s waterfront promenade lined with restaurants, cafes, and retail — is within Dubai Creek Harbour, accessible on foot from Creek Waters 2
• Multiple premier schools are within easy reach: GEMS Our Own English High School, Deira International School, and others accessible via Nad Al Hamar Road
• 1BR units in Dubai Creek Harbour achieve a documented gross ROI of 6.2% (Metropolitan Premium Properties, Q2 2023) — among the strongest in any Dubai waterfront community

Amenities

• Infinity swimming pool — with Dubai Creek and skyline views
• Sun deck — adjacent to infinity pool
• Yoga deck — outdoor wellness practice space
• Fully equipped gymnasium
• Shaded children’s play area
• Kids’ pool
• Multiple viewing decks — panoramic Creek and sea views
• BBQ area
• Dog park
• Lush central park and landscaped gardens
• Marina access and exclusive marina bridge entry
• Water taxi access to Downtown Dubai
• Retail shops, restaurants, and cafes within amenities podium
• Spacious lobby with water feature
• Covered parking
• High-speed elevators
• 24-hour security and concierge
• Palace Hotel at Creek Island — 5-star dining and spa — within community
• Creek Promenade — waterfront dining, retail, leisure
• Pedestrian bridge to mainland / Downtown

Layout and Floor Plan

Creek Waters 2 2-bedroom apartments range from approximately 1,120 to 1,494 sq ft. This distress unit is 1,140 sq ft on the 37th floor. The layout includes two bedrooms (master with en-suite bathroom and built-in wardrobes, second bedroom with wardrobe access), an open-plan living and dining area with floor-to-ceiling windows, a balcony with full sea and Creek views, a modern kitchen with fittings, and a bathroom. The semi-furnished specification means partial furniture and fittings are included — providing a base inventory for an investor to complete efficiently or for an end-user to supplement to taste. From the 37th floor of a 50-storey building on Creek Island, the full sea view encompasses the Arabian Gulf coastline, the Dubai Creek waterway, the Ras Al Khor Wildlife Sanctuary beyond, and the surrounding Creek Harbour waterfront — a panorama of natural and urban Dubai that is among the most complete available from any residential address in the city. The exact floor plan type (Creek Waters 2 2BR range includes both 2-bath and 3-bath configurations at different sizes — 1,140 sqft is the 2-bath configuration), unit orientation, and balcony direction are available on request quoting reference CRKW2-DCH-2BR-1140-SV-37-001.

Payment, Below Market, and Handover

Creek Waters 2 was launched with a 10/80/10 payment plan: 10% down payment on booking, 80% during construction in staged installments, and 10% on handover in Q4 2027 (December 2027). This is an off-plan SPA assignment. The buyer assumes the seller’s outstanding payment obligations per the original Emaar schedule. The 10% balance due at December 2027 handover can be financed by UAE bank mortgage, including for non-resident buyers. On assignment: DLD 4% (~AED 115,200 on AED 2,880,000) + trustee fee (~AED 4,200) + buyer agency ~2% (~AED 57,600) = approximately AED 3,057,000 all-in at assignment (before remaining construction installments). The market price for comparable units is AED 3,200,000 — the buyer’s all-in of ~AED 3,057,000 is still AED 143,000 below market value. Full paid/outstanding installment breakdown and original Emaar SPA available on request.

Location and Connectivity

• Dubai Creek Tower (future world’s tallest): within Dubai Creek Harbour — adjacent
• Ras Al Khor Wildlife Sanctuary: visible from upper floors — protected natural reserve
• Dubai Frame / Za’abeel Park: approximately 10 minutes by car
• Downtown Dubai / Burj Khalifa / Dubai Mall: approximately 10 minutes by car
• Dubai International Airport (DXB): approximately 10 minutes by car — one of the closest family residential addresses to DXB in Dubai
• DIFC: approximately 12 minutes by car
• Business Bay: approximately 12 minutes by car
• Green Line Metro Stations: four stations accessible within the DCH area
• Water Taxi to Downtown Dubai: direct from Creek Island
• Pedestrian Bridge: connecting Creek Island to mainland
• Nad Al Hamar Road: directly accessible — primary arterial for DCH
• Ras Al Khor Road: approximately 5 minutes by car
• Dubai Hills Mall: approximately 20 minutes by car
• Dubai Marina: approximately 25 minutes by car
• Al Maktoum International Airport (DWC): approximately 40 minutes by car

Why Buy This Creek Waters 2 Unit Now

• 10% below market — AED 320,000 embedded equity on day one: The current market price for comparable 2BR units in Creek Waters 2 is AED 3,200,000. The buyer at AED 2,880,000 acquires AED 320,000 of embedded equity immediately — in a building where market appreciation is already confirmed above the original launch price
• 9.43% below OP — AED 300,000 saving; ~12.91% below OP+DLD: Versus the seller’s original purchase price, the buyer saves AED 300,000. Versus the seller’s all-in (OP+DLD ~AED 3,307,200), the buyer saves ~AED 427,200 — the seller absorbs their entire DLD and exits at a material loss
• Market has appreciated above OP — confirming the DCH appreciation thesis: AED 3,200,000 current market vs AED 3,180,000 OP confirms that Dubai Creek Harbour has delivered capital appreciation since launch. The buyer acquires below both OP and market — in a community where values are already trending upward
• 37th floor of 50 — premium high-floor positioning: Floor 37 of 50 places this unit in the top 27% of the building by floor height. The full sea view from this position is elevated well above Creek Island’s surrounding lower-rise buildings, delivering an unobstructed panorama that is materially different in quality from mid-floor units
• Full sea view — permanently unobstructable: The Arabian Gulf and Dubai Creek are water bodies that will never be built upon. A full sea view from the 37th floor is a permanent, unobstructable view asset — supporting durable rental and resale premiums throughout the building’s life
• Semi-furnished — base inventory included: The semi-furnished specification means partial furniture is included, reducing the immediate fit-out cost required before occupancy or rental. For investors targeting the Dubai Creek Harbour furnished rental market, this provides a cost-efficient starting point
• 10% mortgageable at handover: The 10% balance (~AED 288,000 on distress price) can be financed by UAE bank mortgage at December 2027 — enabling investors to leverage and generate rental income from day one
• All-in (~AED 3,057,000) still below market (AED 3,200,000): Even including all assignment costs, the buyer’s total all-in is AED 143,000 below the current market valuation — meaning the acquisition is effectively at a discount even after all costs
• Dubai Creek Tower proximity — world’s future tallest building: Dubai Creek Tower, projected to surpass the Burj Khalifa as the world’s tallest structure, is under construction directly adjacent to Creek Island. Its completion will cement DCH as the world’s most iconic waterfront address — a capital appreciation catalyst of the magnitude that the Burj Khalifa provided for Downtown Dubai
• Emaar delivery confidence — DCH track record: Emaar has delivered multiple phases within Dubai Creek Harbour (Creek Beach, Creek Gate, Palace Residences, Creek Horizon). Creek Waters 2’s December 2027 timeline has the strongest developer confidence available
• 10-year Golden Visa eligible: At AED 2,880,000 — above AED 2M — the buyer qualifies for the UAE 10-year Golden Visa

Frequently Asked Questions (FAQs)