diff --git a/CHANGELOG.md b/CHANGELOG.md
index 61cde1ddfefc..b6f419f215c2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -76,6 +76,7 @@ Also, that release drops support for Python 3.9, making Python 3.10 the minimum
 * Resolved an issue causing `dpnp.linspace` to return an incorrect output shape when inputs were passed as arrays [#2712](https://github.com/IntelPython/dpnp/pull/2712)
 * Resolved an issue where `dpnp` always returns the base allocation pointer, when the view start is expected [#2651](https://github.com/IntelPython/dpnp/pull/2651)
 * Fixed an issue causing an exception in `dpnp.geomspace` and `dpnp.logspace` when called with explicit `device` keyword but any input array is allocated on another device [#2723](https://github.com/IntelPython/dpnp/pull/2723)
+* Fixed `.data.ptr` property on array views to correctly return the pointer to the view's data location instead of the base allocation pointer [#2812](https://github.com/IntelPython/dpnp/pull/2812)
 
 ### Security
 
diff --git a/dpnp/memory/_memory.py b/dpnp/memory/_memory.py
index f978c5e50db2..70d93c04d6a5 100644
--- a/dpnp/memory/_memory.py
+++ b/dpnp/memory/_memory.py
@@ -98,13 +98,18 @@ def create_data(x):
     usm_data = x.usm_data
 
     if isinstance(usm_data, tuple(dispatch.values())):
-        return usm_data
-
-    cls = dispatch.get(type(usm_data), None)
-    if cls:
-        data = cls(usm_data)
-        # `ptr` is expecting to point at the start of the array's data,
-        # while `usm_data._pointer` is a pointer at the start of memory buffer
-        data.ptr = x._pointer
-        return data
-    raise TypeError(f"Expected USM memory, but got {type(usm_data)}")
+        # usm_data is already an instance of MemoryUSM<type> class
+        cls = usm_data.__class__
+    elif (cls := dispatch.get(type(usm_data))) is not None:
+        pass  # cls is set
+    else:
+        raise TypeError(f"Expected USM memory, but got {type(usm_data)}")
+
+    # create a new instance each time since usm_data might be a view
+    # of another array
+    data = cls(usm_data)
+
+    # `ptr` is expecting to point at the start of the array's data,
+    # while `usm_data._pointer` is a pointer at the start of memory buffer
+    data.ptr = x._pointer
+    return data
diff --git a/dpnp/tests/test_memory.py b/dpnp/tests/test_memory.py
index 1bc0da8c1535..80d75f32a437 100644
--- a/dpnp/tests/test_memory.py
+++ b/dpnp/tests/test_memory.py
@@ -42,3 +42,62 @@ def test_view_non_zero_offset(self):
         pl = dpnp.ndarray((n, m), dtype=a.dtype, buffer=sl)
         assert pl.data.ptr == sl.data.ptr
         assert a.data.ptr != sl.data.ptr
+
+    def test_slices_2d(self):
+        # Create 2D array and verify slices have different pointers
+        a = dpnp.arange(12, dtype=dpnp.float32).reshape(3, 4)
+
+        # Each row should have a different pointer
+        row0_ptr = a[0].data.ptr
+        row1_ptr = a[1].data.ptr
+        row2_ptr = a[2].data.ptr
+
+        assert (
+            row0_ptr != row1_ptr
+        ), "a[0] and a[1] should have different pointers"
+        assert (
+            row1_ptr != row2_ptr
+        ), "a[1] and a[2] should have different pointers"
+
+        # Check byte offsets match expected stride
+        stride = a.strides[0]  # stride between rows in bytes
+        assert row1_ptr - row0_ptr == stride
+        assert row2_ptr - row1_ptr == stride
+
+    def test_slices_multidimensional(self):
+        # 3D array
+        a = dpnp.zeros((5, 10, 20), dtype=dpnp.int32)
+
+        # Different slices along first axis should have different pointers
+        slice0_ptr = a[0].data.ptr
+        slice1_ptr = a[1].data.ptr
+
+        assert slice0_ptr != slice1_ptr
+        assert slice1_ptr - slice0_ptr == a.strides[0]
+
+    def test_repeated_access(self):
+        a = dpnp.arange(20).reshape(4, 5)
+
+        # Multiple accesses to same slice should give same ptr value
+        ptr1 = a[2].data.ptr
+        ptr2 = a[2].data.ptr
+
+        assert ptr1 == ptr2, "Same slice should have consistent ptr value"
+
+        # But different slices should have different ptrs
+        assert a[0].data.ptr != a[2].data.ptr
+
+    def test_array_on_view_with_slicing(self):
+        # Original array
+        a = dpnp.arange(24, dtype=dpnp.float32).reshape(6, 4)
+
+        # Create view using slicing
+        view = a[2:5]
+
+        # Construct new array from view
+        new_arr = dpnp.ndarray(view.shape, dtype=view.dtype, buffer=view)
+
+        # Pointers should match
+        assert new_arr.data.ptr == view.data.ptr
+        # And should be different from base array
+        assert new_arr.data.ptr != a.data.ptr