Distress Sale: 3-Bedroom High Floor in Ocean Star, Port Mina Rashid, Dubai | Lagoon View | AED 3,350,000

Spacious 3-Bedroom on a High Floor in Ocean Star — 12.2% Below OP+DLD | Community & Lagoon View | Handover Q3 2028

This is a rare and genuinely time-sensitive distress opportunity to acquire a 3-bedroom apartment on a high floor of Ocean Star — Emaar Properties’ landmark residential tower within the master-planned Port Mina Rashid waterfront development in Dubai. Spanning 1,617 sq ft with community and lagoon views, one dedicated parking space, and a post-handover payment plan as per the developer’s schedule, this unit is listed at AED 3,350,000 against an original purchase price inclusive of 4% Dubai Land Department (DLD) fees of AED 3,816,800 — a direct and immediate saving of AED 466,800, representing a 12.2% discount below the seller’s total cost basis. With handover scheduled for Q3 2028, the buyer benefits from near-term completion with a post-handover plan reducing immediate financial pressure. Whether you are an investor targeting Dubai’s premium waterfront rental segment or an end-user seeking a generous, high-floor Emaar apartment at a genuinely below-market entry point, this listing presents one of the most compelling value propositions currently available in Port Mina Rashid. Prime Waterfront Community | High Floor | Spacious Layout | Ideal for Investors & End-Users.

Property Highlights

• Project: Ocean Star
• Developer: Emaar Properties
• Community: Port Mina Rashid, Dubai, United Arab Emirates
• Property Type: 3-Bedroom Apartment
• Internal Size: 1,617 sq ft
• Floor: High Floor
• View: Community View & Lagoon View
• Parking: 1 Allocated Parking Space
• Original Price (incl. 4% DLD): AED 3,816,800
• Distress Selling Price: AED 3,350,000
• Buyer Saving: AED 466,800 (12.2% below OP+DLD)
• Payment Plan: As per developer payment schedule
• Post-Handover: As per Emaar developer payment schedule
• Handover Date: Q3 2028
• Status: Off-Plan | Distress Sale | Urgent
• Ownership Type: Freehold — open to all nationalities

Prime Waterfront Community | High Floor | Spacious Layout | Ideal for Investors & End-Users.

About Ocean Star, Port Mina Rashid

Ocean Star is a flagship residential development by Emaar Properties — the UAE’s most iconic master developer — situated within Port Mina Rashid, one of Dubai’s most strategically significant and rapidly emerging waterfront master communities positioned on the Arabian Gulf coast adjacent to the historic Mina Rashid cruise terminal and the vibrant heritage district of Al Shindagha. Port Mina Rashid represents Emaar’s vision for a world-class, mixed-use maritime waterfront destination combining premium residential towers, an activated marina promenade, retail and dining, hospitality, and a rich cultural connection to Dubai’s seafaring heritage. Ocean Star, as a centrepiece of this master community, delivers Emaar’s signature quality of design, finishing, and amenity in one of the city’s most exciting new waterfront corridors, minutes from DIFC, Downtown Dubai, and Dubai Creek Harbour. Prime Waterfront Community | High Floor | Spacious Layout | Ideal for Investors & End-Users.

Community & Lifestyle

• Port Mina Rashid is a government-backed, Emaar-developed waterfront master community on the Arabian Gulf coast — one of Dubai’s most strategically positioned emerging residential destinations.
• Situated adjacent to the historic Mina Rashid cruise terminal and the Al Shindagha heritage and cultural district, blending maritime legacy with modern urban living.
• An activated marina promenade, lagoon, retail, dining, and hospitality facilities are integrated within the master plan, providing a resort-quality lifestyle on the waterfront.
• Minutes from Dubai Creek Harbour, DIFC, Downtown Dubai, and the historic Dubai Creek — offering unmatched cultural, commercial, and lifestyle proximity.
• The community is positioned to benefit from the continued investment and development momentum transforming the Mina Rashid and Dubai Creek corridor into one of Dubai’s premier waterfront destinations.
• Ideal for high-net-worth families, professionals, and investors seeking a premium waterfront address with strong long-term capital appreciation and rental income potential.
• Proximity to Al Seef waterfront promenade and the Cultural District adds a rich lifestyle dimension that distinguishes Port Mina Rashid from purely residential developments.

Prime Waterfront Community | High Floor | Spacious Layout | Ideal for Investors & End-Users.

Amenities

• Lagoon and waterfront access within the master community
• Resort-style swimming pool
• Fully equipped state-of-the-art gymnasium
• Landscaped podium gardens and outdoor leisure areas
• 24-hour concierge and security services
• 1 allocated covered parking space
• Children’s play areas and family zones
• Marina promenade and waterfront walkways
• Retail and dining outlets within the community
• High-speed passenger elevators
• Community mosque within the master plan
• Cycling and jogging tracks along the waterfront

Prime Waterfront Community | High Floor | Spacious Layout | Ideal for Investors & End-Users.

Layout & Floor Plan

This 3-bedroom apartment spans 1,617 sq ft on a high floor of Ocean Star, offering a generous and practical layout suited to families, professionals, and investors targeting the premium waterfront rental segment. The expected configuration includes a spacious open-plan living and dining area with balcony access capturing community and lagoon views, a fully fitted contemporary kitchen, three well-proportioned bedrooms including a master suite with en-suite bathroom, and family bathrooms. The high-floor positioning across 1,617 sq ft ensures an abundance of natural light, elevated lagoon and community panoramas, and a tangible sense of space and privacy that commands rental and resale premiums over lower-floor equivalents in the building. A detailed floor plan for this specific 3-bedroom unit in Ocean Star, Port Mina Rashid — including exact room dimensions, balcony area, and precise stack and orientation — is available on request. Prime Waterfront Community | High Floor | Spacious Layout | Ideal for Investors & End-Users.

Payment & Handover

The seller’s original purchase price inclusive of 4% Dubai Land Department fees was AED 3,816,800. The distress selling price is AED 3,350,000 — a direct saving of AED 466,800, equating to 12.2% below the seller’s total cost basis. The buyer assumes the remaining payment plan as per Emaar’s developer schedule, including a post-handover payment component as per the developer’s official plan, providing flexibility to spread payments beyond handover in Q3 2028. As an off-plan resale, the buyer will step into the seller’s existing position within Emaar’s plan. Standard buyer costs include an applicable Emaar NOC fee, agency commission, and relevant trustee fees. Note that since 4% DLD was already paid by the seller and is reflected in the original price, DLD applicability on this specific resale transaction should be confirmed with a legal adviser. A full breakdown of the remaining payment schedule, post-handover plan structure, and a complete cost sheet are available on request. Prime Waterfront Community | High Floor | Spacious Layout | Ideal for Investors & End-Users.

Location & Connectivity

• DIFC (Dubai International Financial Centre): Approximately 10–15 minutes by car
• Downtown Dubai / Burj Khalifa: Approximately 15 minutes by car
• Dubai Creek Harbour: Approximately 10–15 minutes by car
• Dubai International Airport (DXB): Approximately 15–20 minutes by car
• Al Seef / Dubai Creek Waterfront: Approximately 10 minutes by car
• Al Shindagha Heritage District: Directly adjacent
• Deira / Gold Souk / Spice Souk: Approximately 10–15 minutes by car
• Dubai Marina / JBR: Approximately 25–30 minutes by car
• Key Roads: Access via Sheikh Rashid Road and Al Khail Road (E44), connecting to the full Dubai highway network

Prime Waterfront Community | High Floor | Spacious Layout | Ideal for Investors & End-Users.

Why Invest in Ocean Star, Port Mina Rashid

• 12.2% Below OP+DLD — Exceptional Value: At AED 3,350,000, the buyer enters at AED 466,800 below the seller’s all-in cost, providing immediate embedded equity and one of the steepest distress discounts currently available on a high-floor 3-bedroom Emaar waterfront unit in Dubai.
• Post-Handover Plan — Reduced Financial Pressure: The availability of a post-handover payment schedule as per Emaar’s developer plan means the buyer does not need to settle the full balance at handover, enhancing cashflow flexibility and broadening the buyer pool for future resale.
• Emaar Waterfront Pedigree: Emaar’s consistent track record of delivering landmark waterfront projects — from Dubai Creek Harbour to Emaar Beachfront — underpins strong buyer confidence, reliable delivery, and sustained post-handover demand across its communities.
• Port Mina Rashid — Emerging Dubai Waterfront Corridor: As one of the newest and most strategically located Emaar master communities, Port Mina Rashid is positioned to capture significant capital appreciation as the development matures, amenities activate, and awareness among international buyers grows.
• High Floor + Lagoon View — Premium Asset Configuration: High-floor apartments with lagoon or waterfront views in Emaar communities consistently command the strongest rental rates and resale premiums within their buildings, maximising long-term returns.
• Q3 2028 Handover — Clear Near-Term Horizon: With delivery within two years, the buyer’s off-plan risk window is short, providing a clear path to rental income or resale upon completion.
• 1,617 Sq Ft — Generous 3-Bedroom Footprint: In Dubai’s waterfront market, a 1,617 sq ft three-bedroom at this price per sq ft represents compelling value density, especially with a high-floor lagoon view in an Emaar project.
• Freehold — Global Investor Accessibility: Open to all nationalities, ensuring a broad international buyer and tenant pool that supports strong exit liquidity and yield performance.

Prime Waterfront Community | High Floor | Spacious Layout | Ideal for Investors & End-Users.

Frequently Asked Questions (FAQs)