Price Effectively at Seller’s Cost: 2BR Burj Khalifa View in One Za’abeel Residences, Dubai

Ready & Vacant | Floors 20–30 | 1,610 Sqft | Burj Khalifa View | AED 7,000,000

This is an extraordinary opportunity to acquire a 2-bedroom apartment in One Za’abeel Residences — one of the most architecturally iconic and globally recognised buildings ever completed in Dubai — at a price that is effectively equivalent to the seller’s all-in acquisition cost. The seller’s original purchase price was approximately AED 6,340,000, to which they paid 4% DLD (~AED 253,600), bringing their total all-in cost to AED 6,593,600. They are selling at AED 7,000,000 — just AED 406,400 above their total entry cost. While the seller describes this as “price close to OP,” the more compelling fact for the buyer is the comparison to the current market: 2-bedroom apartments in Za’abeel 1 average AED 10,000,000 (Bayut data), and One Za’abeel Residences is currently being offered from AED 12,300,000 by leading agencies. At AED 7,000,000, the buyer acquires a ready, vacant apartment at approximately 30%–43% below current comparable market pricing for the same address — in a building that has no equivalent in Dubai or the world. At 1,610 sq ft on floors 20–30 with a Burj Khalifa view, in a building that includes the world’s longest cantilevered structure (The Link), One&Only Hotel, Michelin-starred restaurants, and 24/7 concierge and valet services — this is the definition of an address premium acquired at a fraction of its market value.

Property Highlights

• Project: One Za’abeel Residences (The Residences, One Za’abeel)
• Developer: Ithra Dubai — subsidiary of Investment Corporation of Dubai (ICD)
• Architect: Nikken Sekkei Ltd (Japan) — internationally acclaimed
• Location: Za’abeel (Zabeel First), between old and new Dubai business districts
• Unit Type: 2 Bedroom Apartment
• Size: 1,610 sq ft
• Floor Range: 20–30
• View: Burj Khalifa — direct panoramic view
• Status: Ready — completed November 2023
• Occupancy: Vacant — immediately available
• Total Tower Floors: 59 floors
• Total Residences in Building: 264 exclusive units
• The Link: World’s longest cantilevered building (228m, 100m above ground) — connects both towers
• Hotel: One&Only One Za’abeel — ultra-luxury hotel within same complex
• Services: 24/7 concierge, valet parking, full hotel-style services
• Parking: Covered reserved parking with valet
• Seller’s OP (estimated): ~AED 6,340,000
• Seller’s 4% DLD: ~AED 253,600
• Seller’s Total Entry (OP+DLD): AED 6,593,600
• Asking Price: AED 7,000,000
• Premium above Seller’s Total Cost: AED 406,400 (6.16%)
• Current Market Average (2BR Za’abeel 1, Bayut): ~AED 10,000,000
• Current One Za’abeel Residences Market (Provident): From AED 12,300,000
• Saving vs Za’abeel 1 Market Average: ~AED 3,000,000 (~30%)
• Saving vs Current One Za’abeel Market: ~AED 5,300,000 (~43%)
• Entry Price per Sqft: AED 4,348/sqft
• Market Price per Sqft (Za’abeel 1 avg): ~AED 6,211/sqft
• Ownership: Freehold — available to all nationalities

About One Za’abeel Residences — The World’s Most Iconic Address

One Za’abeel is a development by Ithra Dubai — a subsidiary of the Investment Corporation of Dubai (ICD), the sovereign investment arm of the Dubai government — and represents one of the most significant architectural and engineering achievements in the history of Dubai’s built environment. The project comprises three individual structures: The Residences (residential tower, 59 floors, 264 exclusive units), The Offices (commercial tower), and The Link — a 228-metre-long steel skybridge suspended 100 metres above the ground between the two towers, which holds the Guinness World Record for the longest cantilevered building in the world. The Link houses Michelin-starred restaurants from chefs including Anne-Sophie Pic, Bo Songvisava, Dylan Jones, Mehmet Gürs, Paco Morales, and Tetsuya Wakuda; a 100-metre infinity pool; a spa and gym; a panoramic observation deck; a banquet hall; and a rooftop terrace — accessible to residents. Construction began January 2016 and was completed by November 2023. The architectural firm is Nikken Sekkei Ltd — one of Japan’s and the world’s most respected practices. The One&Only One Za’abeel hotel, which opened December 2023, occupies the complex and provides hotel-standard services to The Residences, including concierge, valet, and room service. The interiors of the One&Only One Za’abeel hotel were designed by Jean-Michel Gathy — one of the world’s most celebrated luxury hospitality designers. One Za’abeel is positioned between Za’abeel Park — Dubai’s largest park — and the Dubai World Trade Centre, with direct connectivity to Sheikh Zayed Road (E11) and a short walk from World Trade Centre Metro Station (Red Line).

Community and Lifestyle — Za’abeel

• Za’abeel is one of Dubai’s most centrally located and historically significant districts — positioned between the old commercial core of Bur Dubai and the modern business districts of DIFC, Downtown, and Business Bay
• Za’abeel Park — Dubai’s largest inner-city park, spanning over 48 hectares with a planetarium, food zones, sports facilities, and the Dubai Frame — is directly adjacent to One Za’abeel, connected by a pedestrian bridge
• The Dubai Frame — one of the UAE’s most visited landmarks — is within Za’abeel Park, walkable from the building
• World Trade Centre Metro Station (Red Line) is a short walk from One Za’abeel — providing direct metro access to the full Dubai Metro network including Burj Khalifa/Dubai Mall station (3 stops), Union Station, and Airport Terminal 1 and 3
• DIFC is less than 10 minutes by car; Downtown Dubai and Burj Khalifa are less than 10 minutes; Dubai International Airport is approximately 15 minutes
• The One&Only One Za’abeel brings Michelin-starred dining, luxury spa treatments, rooftop infinity pool access, and a world-class events programme to residents’ doorstep — a lifestyle quality that is otherwise reserved for hotel guests only
• One Za’abeel sits at the convergence of Dubai’s heritage (Bur Dubai, Al Fahidi, Dubai Creek) and its future (DIFC, Downtown, Dubai 2040 urban plan) — an address that will only become more central as Dubai’s development continues westward from its historical core
• Za’abeel 1 has recorded an average sale price of AED 10,000,000 for 2-bedroom apartments (Bayut) — confirming the structural market premium for this address

Amenities — The Residences and The Link

• The Link (100m above ground — world’s longest cantilever):
• Multiple Michelin-starred and world-renowned restaurants (Anne-Sophie Pic, Tetsuya Wakuda, Mehmet Gürs, Bo Songvisava, Paco Morales)
• 100-metre infinity pool with panoramic city views
• Spa and wellness facilities in The Link
• Gym and fitness centre in The Link
• Observation deck — panoramic Dubai skyline views
• Banquet hall and event spaces
• Rooftop terrace
• The Residences Building Amenities:
• Beach-style swimming pool with outdoor gardens
• State-of-the-art gymnasium
• Spa facilities (building level)
• Landscaped outdoor gardens
• Children’s play areas
• Games rooms
• 24/7 concierge services
• Valet parking
• 24-hour security
• Reserved covered parking
• High-speed elevators
• One&Only One Za’abeel Hotel services (room service, housekeeping, hotel amenities) available to residents
• Walkable: Za’abeel Park (48 ha, Dubai Frame, planetarium), World Trade Centre Metro Station (Red Line)

Layout and Floor Plan

One Za’abeel Residences 2-bedroom apartments are configured as simplexes and duplexes on various floor levels. This unit is 1,610 sq ft on floors 20–30. The 2-bedroom simplex configuration at One Za’abeel includes two bedrooms (master with en-suite bathroom and walk-in wardrobe, second bedroom with bathroom), an expansive living and dining area with floor-to-ceiling windows framing the Burj Khalifa and downtown skyline, a fully fitted bespoke kitchen with premium appliances, a utility room, and a balcony or terrace. Nikken Sekkei’s interior design philosophy for The Residences emphasises open-plan living, generous volumes, and maximum view capture — with the Burj Khalifa view from floors 20–30 delivering an unobstructed, elevated panorama of the world’s most recognisable building and the Downtown Dubai skyline. The vacant status means the buyer can inspect, move in, or place a tenant within weeks of title deed transfer. The exact floor plan, unit position, and floor level are available on request quoting reference ONEZAB-ZBL-2BR-1610-BKV-001.

The Real Value Proposition — Why AED 7M Here is Exceptional

The headline on this listing is “price close to OP” — but the more compelling framing for a serious investor or end-user is the comparison to current market. The seller’s OP+DLD was AED 6,593,600. They are selling at AED 7,000,000 — a price that is just 6.16% above their all-in entry cost, and that effectively means they are exiting at near-zero profit after seven-plus years of holding. For the buyer, this creates an extraordinary situation: acquiring one of only 264 residences in Dubai’s most iconic completed building at a price that reflects the seller’s original purchase cost from years ago, not today’s market. The average 2-bedroom apartment in Za’abeel 1 trades at AED 10,000,000 (Bayut market data) and One Za’abeel Residences is offered from AED 12,300,000 by leading agencies. The buyer at AED 7,000,000 is therefore stepping into approximately AED 3,000,000–5,300,000 of embedded equity from day one of ownership — in a ready, completed, occupied-capable building with no further construction risk. Combined with immediate rental potential at premium rates, 24/7 concierge and valet services, Michelin-starred dining on the premises, and a Burj Khalifa view from floors 20–30, this is the type of entry that appears perhaps once in several years on a building of this stature.

Acquisition Costs

This is a completed, ready-to-transfer secondary market resale. No construction installments apply. On transfer: DLD 4% (~AED 280,000 on AED 7,000,000), trustee fee (~AED 4,200), and buyer agency ~2% (~AED 140,000). Total all-in acquisition cost: approximately AED 7,424,200 — still approximately AED 2,575,800 below the Za’abeel 1 market average of AED 10,000,000 and AED 4,875,800 below the current One Za’abeel asking prices of AED 12,300,000. Mortgage financing is available from UAE banks. Contact our team for lender options and pre-approval assistance.

Location and Connectivity

• World Trade Centre Metro Station (Red Line): walking distance — direct metro access
• Sheikh Zayed Road (E11): directly accessible — Dubai’s primary arterial highway
• Za’abeel Park (48 ha, Dubai Frame): adjacent — connected by pedestrian bridge
• DIFC: less than 10 minutes by car
• Downtown Dubai / Burj Khalifa / Dubai Mall: less than 10 minutes by car / 3 metro stops
• Dubai International Airport (DXB): approximately 15 minutes by car
• Business Bay: approximately 8 minutes by car
• Dubai Creek Harbour: approximately 15 minutes by car
• Dubai Frame: approximately 5 minutes — within Za’abeel Park
• City Walk / La Mer: approximately 10 minutes by car
• Dubai Opera: approximately 10 minutes by car
• Bur Dubai / Al Fahidi Heritage District: approximately 10 minutes
• Dubai Marina: approximately 20–25 minutes by car
• Al Maktoum International Airport (DWC): approximately 35 minutes by car

Why Buy This One Za’abeel Apartment Now

• Approximately 30%–43% below current market: At AED 7,000,000, the buyer acquires a 2BR in One Za’abeel Residences at ~30% below Za’abeel 1’s market average (AED 10M) and ~43% below current asking prices on One Za’abeel from leading agencies (AED 12.3M+). Embedded equity of AED 3M–5.3M on day one of ownership
• Seller barely above their all-in cost: The seller’s OP+DLD was AED 6,593,600. They are selling at AED 7,000,000 — just AED 406,400 above their total entry cost after years of holding. This price reflects no profit for the seller and maximum value capture for the buyer
• One of only 264 residences in the world’s most iconic completed building: With 264 total units across 59 floors, One Za’abeel Residences is genuinely scarce. The world’s longest cantilever, One&Only hotel services, Michelin-starred dining, and Nikken Sekkei architecture make this an address that no new development can replicate or compete with
• Burj Khalifa view from floors 20–30: A direct Burj Khalifa view from a mid-tower position in One Za’abeel Residences is elevated above the Za’abeel district rooftop level, delivering an unobstructed panorama of the world’s tallest building and the Downtown Dubai skyline — one of the most premium view assets available in any Dubai residential building
• Ready and vacant — immediate premium rental income: The building is complete (November 2023), the unit is vacant, and the buyer can place a tenant or occupy immediately. Premium 2BR annual rents in One Za’abeel are AED 400,000–600,000+ per year, implying a gross yield of 5.7%–8.6% at the AED 7,000,000 asking price — exceptional for a luxury ultra-prime address
• ICD government-backed developer — sovereign quality guarantee: Ithra Dubai, a subsidiary of the Investment Corporation of Dubai, is the sovereign wealth development arm of the Dubai government. No developer in Dubai carries a higher quality and delivery guarantee than ICD’s subsidiaries
• The Link residency advantage — Michelin dining and hotel services: As a resident of One Za’abeel, access to The Link’s Michelin-starred restaurants, infinity pool, spa, and observation deck is part of the residency proposition — not available anywhere else in Dubai at this price point
• All-in still massively below market: Total acquisition cost (~AED 7,424,200 including DLD + trustee + agency) remains AED 2,575,800 below the Za’abeel 1 market average and AED 4,875,800 below current One Za’abeel asking prices
• Golden Visa eligible: At AED 7,000,000 — above the AED 2M threshold — the buyer qualifies for the UAE 10-year Golden Visa

Frequently Asked Questions (FAQs)