DISTRESS DEAL: 3-BR IN ADDRESS HARBOUR POINT

OVERVIEW

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.

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.