Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 3-BR IN SEAPOINT — distress deal in Emaar Beachfront from Mitchell's Commercial Real EstateSEAPOINT · Emaar Beachfront

Emaar · Emaar Beachfront

DISTRESS DEAL: 3-BR IN SEAPOINT

Asking price as listedAED 8,700,000AED 4,690 per sq.ft
Original price + DLDAED 10,058,764
DiscountAED 1,358,76413.5% below original price
Unit
3-BR
Size
1,855 sq.ft
Developer
Emaar
Handover
Q2 2028

The discount is measured against the original price + DLD recorded for this unit, not against a valuation.

Sold
Listed 12 March 2026Status confirmed 17 September 2026

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 12 March 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.

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The numbers

Payment breakdown

Total cost for buyer, as listedAED 9,235,990The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 8,700,000
Fees and commissionAED 535,990
Step 01Due at transferAED 4,400,047Payable when the unit transfers to the buyer.
  • Payment to sellerAED 3,864,057
  • DLD Transfer fee 4% + 40 AEDAED 348,040
  • DLD Registration Trustee fee + 5% VATAED 5,250
  • Buyer's agent commission 2% + 5% VATAED 182,700
  • Total on transferAED 4,400,047
Step 02Payable to Emaar after transferAED 4,835,943The balance of the payment plan, which the buyer takes over.
  • 20.11.2025AED 967,189
  • 20.01.2026AED 967,189
  • 21.12.2026AED 967,189
  • 23.06.2027AED 967,189
  • 30.04.2028AED 967,187
  • Total remaining payment planAED 4,835,943

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Floor plan

Floor plan for DISTRESS DEAL: 3-BR IN SEAPOINTFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 3-BR IN SEAPOINT

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This 3-bedroom in Seapoint Tower 2 is being offered as a Distress Deal at AED 8,700,000. Against the AED 10,058,764 original price plus DLD basis, the current ask shows a 13.5% below original price discount and a headline saving of AED 1,358,764. The unit is by Emaar, recorded at 1,855 sq.ft, and scheduled for handover in Q2 2028. That gives the buyer a clear number to underwrite today rather than a vague promise of future upside: the real question is whether this discounted basis is strong enough for the project, location and remaining construction timeline.

LOCATION & TRANSPORT

Seapoint Building 2 is situated in Emaar Beachfront, an artificial island community located north of Dubai Marina and immediately west of Dubai Harbour. The district occupies a strategic coastal strip between Palm Jumeirah and the mainland marina district. The location integrates residential towers, private beach access and waterfront promenades within a planned marine environment. For a buyer, that matters because accessibility and neighbourhood depth will influence both resale liquidity and the quality of the end-user audience once the project completes.

AMENITIES & SURROUNDING

The surrounding districts of Dubai Marina, Palm Jumeirah and Dubai Harbour provide extensive retail and entertainment amenities. Cinemas near the development include Vox Cinemas at Palm Jumeirah Mall roughly 1.8 kilometres away and Reel Cinemas in Dubai Marina Mall around 2.4 kilometres away. Additional retail and dining options are distributed throughout The Beach at JBR, Palm West Beach and Marina Walk. In practical terms, that surrounding amenity base is what turns a discounted off-plan listing from a spreadsheet idea into a liveable asset with clearer rental and resale support.

MARKET

The Seapoint development comprises two towers constructed on a shared podium and positioned to maximise sea and skyline views across Dubai Harbour and the Palm Jumeirah coastline. Building 2 is the southern tower of the pair and rises to 43 storeys above ground level. The project is categorised as a residential building and contains apartments configured across multiple floors within a vertical tower structure. At AED 4,690, buyers are comparing this listing with premium waterfront stock where view quality, beach access and brand positioning can move pricing materially from tower to tower. In that context, a 13.5% below original price entry basis matters because it improves the resale starting point without changing the underlying appeal of the location. With handover set for Q2 2028, the trade is less about chasing an abstract launch story and more about deciding whether the current basis is attractive relative to other Emaar Beachfront or Dubai Harbour options at a similar stage.

CONCLUSION

Overall, this Seapoint Tower 2 listing is compelling because it combines a recognisable waterfront address with a better-than-launch entry basis. For buyers already targeting Emaar Beachfront, the decision comes down to whether AED 8,700,000 for 1,855 sq.ft with 13.5% below original price built in is more attractive than waiting for equivalent resale or developer stock closer to Q2 2028.

Location

SEAPOINT — Emaar Beachfront, Dubai

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 3-BR IN SEAPOINT behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Purchase

The price you are considering.

Drives the service charge only.

Rent and service charge both start here.

Holding & income

Your figure. We have not assumed one.

0% holds rent flat. It may be negative.

Your figure — we publish none. A month vacant plus re-letting time is roughly 8%, if that fits your building.

Your figure — we publish none. Letting fees and routine repairs.

Your figure — we publish none. Look your building up on Mollak — rates run AED 3 to AED 30+.

Acquisition costs

4% is the Dubai standard.

Buyer-side. 5% VAT added.

Your figure — we publish none. The trustee tariff is tiered and the admin lines vary by office; ask your trustee office for the total, and add your NOC and any legal quote.

Exit

1 to 40 years.

0% by default: we publish no price forecasts.

5% VAT added automatically.

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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.

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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.

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