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PAYMENT PLAN
UNIT PRICE | AED 10,500,000 |
PAYMENTS ON TRANSFER
Payment to seller | AED 10,500,000 |
DLD Transfer fee 4% + 40 AED | AED 420,040 |
DLD Registration Trustee fee + 5%VAT | AED 5,250 |
Buyer's agent comission 2% + 5%VAT | AED 220,500 |
PAYMENT PLAN SCHEDULE
SUMMARY
Total on Transfer | AED 11,145,790 |
Total remaining Payment Plan | AED 0 |
TOTAL COST FOR BUYER | AED 11,145,790 |
PROJECT DESCRIPTION
OVERVIEW
This penthouse · duplex in Harbour Views - Tower 1 is being added as a verified Distress Deal at AED 10,500,000. Against the market price basis of AED 12,000,000, the current basis is 12.5% below market and implies a saving of AED 1,500,000. The unit measures 2,883 sq.ft, is by Emaar, and is scheduled for handover in Ready. For a buyer, that creates a clear number to underwrite today rather than a vague promise of upside later.
LOCATION & TRANSPORT
Harbour Views - Tower 1 sits in Creek Harbour, so the wider district context is central to the investment case. Buyers should judge the road access, surrounding catchment and day-to-day usability of the neighbourhood alongside the unit itself, because resale depth and tenant demand will be shaped by the full project environment rather than by a floor plan in isolation. In that sense, location quality is not a side note to the discount; it is part of the reason the discount can be monetised later.
AMENITIES & SURROUNDING
The current source details position the unit as a penthouse · duplex within Harbour Views - Tower 1, developed by Emaar. The surrounding amenity offer matters because it influences end-user livability as much as investor demand, especially in newer master-planned districts where project quality can diverge sharply from cluster to cluster. The payment plan is also part of the story: this record carries 0 remaining instalment rows, AED 0 still due to the developer, and AED 11,145,790 payable on transfer including DLD, trustee and buyer-agent costs.
MARKET
At AED 3,642 per square foot, buyers can compare the unit directly with competing stock in the same micro-market. The key issue is whether the discounted basis leaves enough room to justify the remaining run-in to Ready. The full buyer basis still matters: AED 11,145,790 on transfer, AED 0 remaining with the developer, and AED 11,145,790 as the total cost implied by the current schedule. Buyers should also compare the current AED 10,500,000 entry point with other units in Creek Harbour, because timing, delivery certainty and payment structure can change the true value of a nominal discount.
CONCLUSION
Overall, this listing deserves attention because the discount is visible in the actual basis, not just in the marketing label. Buyers should weigh the asking price, size, payment profile and handover timing against the best competing stock in the same area; if it still stands up after that comparison, the opportunity is real. As with the rest of the workflow, images still remain subject to manual review, but the commercial logic of the pricing and payment structure is already strong enough to justify listing creation when the other checks pass.