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PAYMENT PLAN
UNIT PRICE | AED 7,600,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 3,811,057 |
2. DLD Transfer fee 4% + 40 AED | AED 304,040 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 159,600 |
PAYMENT PLAN SCHEDULE
18-Feb-2026 | AED 757,789 |
18-Sep-2026 | AED 757,789 |
22-Mar-2027 | AED 757,789 |
22-Sep-2027 | AED 757,789 |
On Handover (31-Jul-2028) | AED 757,787 |
SUMMARY
Total on Transfer | AED 4,279,947 |
Total remaining Payment Plan | AED 3,788,943 |
TOTAL COST FOR BUYER | AED 8,068,890 |
EXECUTIVE SUMMARY
Investment Summary: Distress Deal in Bayview - Tower 2
This distressed asset offers a two-bedroom apartment in Bayview - Tower 2 at a compelling asking price of AED 7,600,000. The original price was AED 7,881,004, translating to a discount of 3.6%.
Given the property's size of 1,468 sq.ft., the calculated price per sq. ft. is: AED 5177.32
This favorable purchase price positions investors for potential capital appreciation in a competitive market environment. The price per square foot metric provides a quantifiable basis for assessing value against comparable assets.
PROJECT DESCRIPTION
Overview
Address Bayview is a residential development located within Emaar Beachfront in Dubai Harbour, positioned between Dubai Marina and Palm Jumeirah along the Arabian Gulf coastline of Dubai, United Arab Emirates. The project forms part of the broader Dubai Harbour maritime district and is situated inside the Emaar Beachfront master‑planned island community developed by Emaar Properties. The complex is currently under development and comprises two primary residential towers known as Address Bayview Tower 1 and Address Bayview Tower 2. The structures rise to approximately 66 storeys and 51 storeys respectively above a shared podium with a single basement level allocated to parking and building services. Construction commenced in October 2023 and estimated completion is scheduled for the third quarter of 2028. Once delivered the development is expected to contain approximately 664 residential units arranged across a range of apartment and penthouse configurations.
Location and Urban Context
The project is located within Emaar Beachfront, an island district created between Palm Jumeirah and Dubai Marina as part of the wider Dubai Harbour waterfront initiative. Dubai Harbour itself is a large coastal development centred on a marina basin designed to accommodate cruise terminals, luxury boat berths and waterfront residential communities. Address Bayview occupies a position that provides direct access to the coastal promenade and the community private beach within Emaar Beachfront. The location places the development within close proximity of established districts such as Dubai Marina approximately two kilometres away, Jumeirah Beach Residence approximately 1.9 kilometres away and Palm Jumeirah approximately 2.5 kilometres away. To the east lies Dubai Media City at approximately 1.6 kilometres distance, while Jumeirah Lakes Towers is located about 2.8 kilometres inland. These are among the most active mixed‑use clusters in the city with high concentrations of residential towers, hotels, offices, restaurants and retail outlets.
Development Structure and Specifications
Address Bayview forms a multi‑building complex delivered by Emaar Properties through its subsidiary Emaar Development. The development includes two independent towers sharing a podium base that houses common facilities and landscaped amenity areas. The built structure includes a basement parking level and residential floors above. According to planning information the development will contain a mixture of one‑bedroom, two‑bedroom, three‑bedroom, five‑bedroom and six‑bedroom apartments in addition to penthouse units. Initial launch pricing for residences began from approximately AED 3,300,000 during the initial sales phase. The project was introduced with a payment structure consisting of a 10 percent deposit at booking, 80 percent paid during the construction period and 10 percent due at handover. The construction contract indicates that main structural works are being executed by Al Sahel Contracting while foundation works have been assigned to Dutch Foundation Company. Estimated project value registered with the Dubai Land Department is approximately AED 823,000,000 based on the developer cost disclosure submitted before construction.
Facilities and Building Amenities
The podium level at approximately the ninth floor contains shared residential amenities intended for residents of both towers. Planned facilities include an outdoor infinity swimming pool, gymnasium, landscaped leisure decks, shaded seating zones and private beach access linked to the waterfront promenade of the Emaar Beachfront island. Additional amenities documented in development information include covered parking areas, electric vehicle charging spaces, bicycle storage, retail outlets, boutique commercial units and dedicated children play areas. A shaded children pool and barbecue lawn areas are incorporated into the podium landscape design. Security in the complex is expected to operate on a continuous basis through building access control and surveillance systems. Architectural detailing features balconies with perforated panels designed to reduce solar exposure while allowing airflow and natural light penetration into residential units.
Transport Connectivity
The project is connected to Dubai mainland through Sheikh Zayed Road via the Dubai Harbour access bridges providing road connectivity to major business districts in the emirate. Typical driving times from the development area include roughly 25 minutes to Dubai Mall and Downtown Dubai, approximately 15 minutes to Palm Jumeirah, around 11 minutes to The Walk at Jumeirah Beach Residence and approximately 21 minutes to Burj Al Arab in the Umm Suqeim coastal corridor. Dubai International Airport is approximately 33 minutes away by car in normal traffic conditions while Al Maktoum International Airport in Dubai South is roughly 37 minutes away via Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road. Public transportation options nearby include Dubai Marina Metro Station and tram connections located within the Dubai Marina district.
Nearby Infrastructure and Amenities
Residents of Address Bayview benefit from proximity to numerous commercial and leisure destinations located within a short radius of the project. Attractions located within several kilometres include Skydive Dubai at approximately 0.7 kilometres distance, Marina Walk approximately 1.6 kilometres away and The Walk JBR retail and dining promenade approximately 1.9 kilometres away. Public beaches such as Marina Beach and Sufouh Beach are accessible within a few kilometres of the development. Golf facilities are also located nearby with Emirates Golf Club roughly 2.8 kilometres away and the Montgomerie Golf Course approximately 5.1 kilometres away. Nearby cinemas include Reel Cinemas in Dubai Marina Mall and Vox Cinemas in Nakheel Mall on Palm Jumeirah. Educational institutions in the vicinity include Dubai College in Al Sufouh with an inspection rating of Outstanding and The International School of Choueifat Dubai located roughly 3.7 kilometres from the project site.
Surrounding Hospitality and Leisure
The surrounding coastal zone contains a number of hospitality resorts and hotels that contribute to the broader infrastructure around the development. These include One and Only The Palm located approximately 0.6 kilometres away, the W Dubai Mina Seyahi around one kilometre away and Le Meridien Mina Seyahi at approximately 1.1 kilometres distance. These properties include multiple restaurants, lounges and beach club venues which serve as part of the wider hospitality ecosystem of the Dubai Marina and Dubai Harbour waterfront corridor. The presence of major hospitality operators reflects the tourism and leisure oriented planning strategy implemented in Emirates coastal developments.
Investment Context and Distressed Asset Position
Within secondary and distressed property market listings, individual units in Address Bayview may occasionally be classified as distressed assets. In this context a distressed asset refers to a property being transferred or marketed at a price below prevailing market valuations for comparable units within the same development or surrounding area. Such pricing typically occurs when an owner seeks a rapid resale prior to completion or requires liquidity before scheduled payment milestones. The below market pricing associated with distressed asset listings can reflect discounted transactions relative to comparable off plan apartments within Emaar Beachfront or similar Dubai Harbour developments.
Neighbourhood Environment
Address Bayview is positioned inside a coastal corridor characterized by high density residential towers, leisure waterfront destinations and tourism infrastructure associated with the Dubai Marina and Palm Jumeirah regions. Surrounding communities include Dubai Media City, a media and technology free zone containing office complexes and corporate headquarters; Dubai Marina, a large residential marina district with approximately three kilometres of waterfront; and Bluewaters Island, a mixed use island development featuring residential, hospitality and leisure attractions. Inland residential suburbs such as The Meadows provide low density villa communities located several kilometres from the coastline. These surrounding neighbourhoods contribute to the integrated urban environment that defines Dubai Harbour and the northern coastal districts of Dubai.