Off-Market Penthouse in Vida Residences Dubai Marina – 29% Below Original Price

Property Overview

This penthouse in Vida Residences Dubai Marina, an Emaar tower in Dubai Marina, is offered off-market at AED 12,000,000 against an agent-stated original price of AED 17,000,000. That is a difference of AED 5,000,000, or 29.4%. The bedroom count and size were not supplied with the brief and are awaiting confirmation.

Property Highlights

• Asking price: AED 12,000,000
• Original price (agent-stated): AED 17,000,000
• Difference: AED 5,000,000 (29.4%)
• Property type: penthouse apartment
• Sale type: off-market distress sale (agent-stated)
• Building: Vida Residences Dubai Marina by Emaar

Why the Price Qualifies as Below OP

The benchmark is the AED 17,000,000 figure supplied as the original price in the agent brief on 1 October 2026. The asking price of AED 12,000,000 is AED 5,000,000 lower, equal to 29.4% of that figure. The agent also describes AED 17,000,000 as the current market value and refers to about AED 5 million of built-in equity; DPF has not verified that market valuation, and any future resale value depends on market conditions.

Because the unit's size was not supplied, a price per square foot cannot be calculated yet. The brief does not say the seller covers the Dubai Land Department transfer fee. At the standard 4% rate, that fee would be about AED 480,000 on the asking price, before other transaction costs.

About the Building and Developer

Vida Residences Dubai Marina is a 57-storey residential tower developed by Emaar Properties beside the Dubai Marina Yacht Club. Published project information lists 1- to 4-bedroom apartments, with resident facilities including a rooftop infinity pool, gym, spa and covered parking, and gives a completion date of December 2023. Buyers should confirm the building's current status and the unit's title details with the developer and DLD.

Layout, Floor and View

The agent describes the unit as a penthouse. The bedroom count, built-up area, floor, view, bathrooms, parking and furnishing were not supplied and must be confirmed from the title deed or SPA, the floor plan and a viewing before any decision.

Location and Connectivity

The tower is set on the Dubai Marina waterfront near the Dubai Marina Yacht Club, within reach of Marina Walk, Dubai Marina Mall and the wider Marina transport network. Actual travel times depend on traffic and route.

Verification Notes

• Agent-supplied facts: building, penthouse type, original price, asking price, off-market distress status and market-value claim.
• Calculated by DPF: difference amount, percentage and indicative 4% DLD fee.
• External research: building facts from published project information about Vida Residences Dubai Marina.
• Not verified: the original price, the market valuation, bedroom count, size and availability. Confirm all details against the title deed or SPA and DLD records before any payment.