This is a 3-bedroom, fully furnished apartment in Address Harbour Point - Tower 1, Dubai Creek Harbour, offered at AED 5,180,000. The unit measures 1,426 sq.ft, placing the entry price at AED 3,633 per sq.ft. The current asking price represents a 16.2% discount to the stated market reference of AED 6,180,000, equating to a direct AED 1,000,000 saving. The apartment is ready and vacant, positioned on a high floor (levels 30-40), and features a balcony with Burj Khalifa views. The immediate investment thesis is straightforward: this is a completed, branded residence by Emaar, with no handover or payment plan risk, and a clear below-market entry point. For investors, this means the opportunity is not speculative off-plan upside, but rather a tangible, ready asset in a high-profile waterfront project with live rental and resale potential.
ADDRESS HARBOUR POINT · Creek Harbour1 / 2Emaar · Creek Harbour
DISTRESS DEAL: 3-BR IN ADDRESS HARBOUR POINT
- Unit
- 3-BR
- Size
- 1426 sq.ft
- Developer
- Emaar
The discount is measured against the market price recorded for this unit, not against a valuation.
This unit has sold. The page is kept as a record of a deal we transacted. Every figure on it — the asking price, the discount to original price and the payment schedule — is the position as listed on 17 June 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.
On this page
Quick navigation
The numbers
Payment breakdown
- Payment to sellerAED 5,180,000
- DLD Transfer fee 4% + 40 AEDAED 207,240
- DLD Registration Trustee fee + 5%VATAED 5,250
- Buyer's agent comission 2% + 5%VATAED 108,780
- Total on transferAED 5,501,270
This unit has sold. Tell us what you are looking for and we will send the deals that are open now.
Show me deals like this onePhotography
Gallery
Layout
Floor plan
Distress Deal
PROJECT DESCRIPTION
OVERVIEW
LOCATION & TRANSPORT
Address Harbour Point is located on Creek Island within Dubai Creek Harbour, a master-planned district by Emaar. The project sits at the gateway to the Creek, offering direct access to the waterfront promenade and panoramic views of both the Creek and Downtown Dubai skyline. Connectivity is a key advantage: the development links to Ras Al Khor Road and Al Khail Road, providing straightforward routes to Downtown, Business Bay, and Dubai International Airport. Public transport options are developing, with future metro and water taxi links planned as the area matures. For now, private vehicles, taxis, and ride-hailing services form the primary transport layer. The location appeals to professionals and families seeking proximity to the city’s commercial core, while also benefitting from the emerging lifestyle and leisure infrastructure of Creek Harbour.
AMENITIES & SURROUNDING
The Address Harbour Point complex is a branded, mixed-use development combining a hotel, serviced apartments, and residential units. Residents benefit from a suite of amenities typical of Address Hotels + Resorts, including 24-hour concierge, security, housekeeping, and maintenance services. Leisure facilities include swimming pools, a state-of-the-art fitness centre, spa, and children’s play areas. The project’s ground level features retail outlets, cafés, and restaurants, with direct access to the Creek promenade. The wider Creek Harbour district offers parks, cycling tracks, and planned cultural attractions, with Ras Al Khor Wildlife Sanctuary nearby. The area is designed to support both long-term living and short-stay demand, with infrastructure and amenities that cater to a broad resident profile. The building’s high-floor positioning ensures strong views and a quieter living environment above the active waterfront.
MARKET
At AED 3,633 per sq.ft, this unit sits below the typical pricing for branded, ready stock in Dubai’s prime waterfront districts, particularly for high-floor, furnished three-bedroom layouts with landmark views. The Address brand commands a premium due to its hotel-style services and international recognition, which can support both rental and resale demand. The Creek Harbour area is still maturing, with ongoing development expected to drive further infrastructure and amenity growth. This can support capital appreciation over the medium term, though investors should be aware of the potential for short-term supply competition as new buildings complete. Rentability is underpinned by the serviced nature of the asset and the appeal to both corporate tenants and families. Liquidity is supported by the project’s brand, location, and ready status, though buyers should factor in service charges and the evolving competitive landscape. The main risk points are the pace of area maturity and the potential for near-term rental competition from new supply.
CONCLUSION
This deal is best suited to investors seeking immediate entry into a completed, branded waterfront asset with a visible discount to market reference. The Address Harbour Point name provides international appeal and operational support, while the unit’s high-floor, furnished profile and Burj Khalifa views enhance its rental and resale positioning. The 16.2% discount offers a measurable entry advantage, but buyers should approach with a clear understanding of service charges and the area’s ongoing development cycle. The strongest case is for those who value immediate usability, brand association, and a location with long-term growth prospects. Provided the buyer is comfortable with the Creek Harbour district’s current stage of maturity and the operational cost structure, this is a disciplined entry into a serviced, ready asset with both income and appreciation potential.
Location
ADDRESS HARBOUR POINT — Creek Harbour, Dubai
Illustrative model
Scenario modeller
Set your own assumptions and see how DISTRESS DEAL: 3-BR IN ADDRESS HARBOUR POINT behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
Enter the asking price to run the model.
Every figure recalculates as you type. Use the price you are considering.
Method
- Handover
- The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
- Gross yield
- Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
- Net yield
- (Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
- Rent growth
- Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
- ROI
- Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
- ROE
- Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
- Cash-on-cash return
- Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
- IRR
- The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.
An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.
Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell's Commercial Real Estate is a trading brand; the RERA-licensed broker is Stephen James Mitchell, BRN 68593.
More deals
The latest distress deals
The most recently listed deals that were still available when we last checked. Sold units are not shown here.
Emaar Beachfront
DISTRESS DEAL: 1-BR IN DAMAC BAY - TOWER C
- Price / sq.ft
- AED 3,378
- Developer
- Damac
- Handover
- Q4 2027
Rashid Yachts and Marina
DISTRESS DEAL: 1-BR IN OCEAN POINT - TOWER 2
- Price / sq.ft
- AED 1,908
- Developer
- Emaar
Emaar Beachfront
DISTRESS DEAL: 1-BR IN SEAPOINT - TOWER 2
- Size
- 764 sq.ft
- Price / sq.ft
- AED 3,442
- Developer
- Emaar
- Handover
- Q2 2028
Bluewaters Island
DISTRESS DEAL: 2-BR + Maid's IN BLUEWATERS BAY - BUILDING 1
- Size
- 1,670 sq.ft
- Price / sq.ft
- AED 3,145
- Developer
- Meraas
- Handover
- Q3 2027
Sobha Hartland II
DISTRESS DEAL: 2-BR IN SKYSCAPE ALTIUS
- Size
- 1,268 sq.ft
- Price / sq.ft
- AED 2,129
- Developer
- Sobha
- Handover
- Q4 2028
Emaar Beachfront
DISTRESS DEAL: BULK DEAL - 9 APARTMENTS IN BAYVIEW - TOWER 1
- Size
- 10,041 sq.ft
- Price / sq.ft
- AED 4,681
- Developer
- Emaar
- Handover
- Q2 2027
Read next
A discounted unit is bought the same way any other is. The questions are just sharper. These are our own guides and articles on buying from overseas, taking on a resale or an off-plan assignment, and what the purchase costs.
The gold rule under an entry is its length, against the longest piece here.
Guides
How to Buy Dubai Property from Overseas
Power of attorney, attestation country by country, remote AML checks, funding the purchase, and remote signing against a short trip.
How to Buy Ready (Secondary) Property in Dubai
The fixed sequence the Land Department sets for a resale — an agreed Form F, a deposit, a developer NOC and the Trustee Office transfer.
Pre-Handover Assignment (Off-Plan ‘Flipping’) in Dubai: How It Works
Assigning an off-plan unit before handover — the developer NOC and minimum-paid rules, the fees that come off the profit, and when it still loses money.
Off-Plan Payment Plans in Dubai Explained: 10/90, 50/50 and Post-Handover
Construction-linked and post-handover structures, what escrow protects at each stage, and what happens if a later instalment cannot be funded.
NOC (No Objection Certificate) for a Dubai Property Purchase
What the developer’s certificate confirms, how service-charge clearance runs through Mollak, and the usual reasons issuance is delayed.
How to Vet a Dubai Developer Before You Buy
Brochures are marketing; DLD registration, project escrow status and broker licensing are checkable public facts. How to verify all three.
A Due-Diligence Checklist for Buying in Dubai
Who owns the title, whether the unit carries a mortgage or a restriction, and whether its service charges are current. In order, with the tool that verifies each.
The True Cost of Buying Property in Dubai: All Fees Explained
Transfer, trustee office, agency commission, developer NOC and the mortgage costs, each set against the Land Department’s own published figures.
Mortgages for Non-Residents in Dubai
What a genuine non-resident can borrow, as distinct from a UAE-resident expatriate, which banks lend, and how a purchase is completed remotely.
Capital Gains & Property Tax in Dubai: What Investors Actually Pay
What an individual owner is and is not charged here, which transaction cost is the real one, and why your home-country position is a separate question.
Articles
How to Buy a Cancellation Unit in Dubai: Strategic Guide
A cancellation unit is a launch booking the first buyer lost — how they reach the market, and the steps to secure one at launch pricing.
How to Buy Dubai Property During Crisis and Build a Portfolio at Peak Fear
The historical entry points, yields by district, and a contrarian acquisition process for buying when confidence is at its lowest.
Buying a Resale Property in Dubai: Step-by-Step Guide for Investors
The process, the legal steps, the costs and the mortgage options, for residents and international investors alike.
How to Buy Property in Dubai as a Foreign Investor: Step-By-Step Guide
Costs, the legal process, the risks, and how to structure the investment — written for a buyer outside the UAE.
Buying Off-Plan Property in Dubai: Primary Market Guide
The primary market end to end. EOIs, SPAs, payment plans, Oqood, escrow, resales and mortgages.
Residential Mortgages in Dubai: Guide for Expats and Investors
Rates, loan-to-value limits, eligibility, fees and the documents a lender asks for, for residents and investors.