Business Bay · Ellington Properties Development
22-storey residential building in Business Bay. Developer — Ellington Properties Development. Architect — Gulf Engineering & Consultants.
Specifications for The Crestmark per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Crestmark is a 22-storey residential building in Business Bay, currently under construction.
The developer is Ellington Properties Development. The architecture is by Gulf Engineering & Consultants.
The building holds 189 apartments in total.
The database currently holds 8 lots in this project, from 1 350 828 AED; 2 of them priced below the market, the deepest discount 10%.
A 22-storey Ellington tower in Business Bay with 189 residences, under construction. Ten lots in our stock — more than any other building in this selection.
Crestmark is a residential high-rise in Business Bay by Ellington Properties Development, engineered by Gulf Engineering & Consultants. 22 storeys, 189 residences, status under construction. The only confirmed amenity in the factsheet is parking.
189 residences across 22 storeys comes to fewer than nine apartments per floor. For Business Bay, where towers with twenty units per level exist, that's a large-format layout — bigger units and fewer neighbours.
Ten listings in our stock for a single building still under construction is a lot. That's typically what a project looks like when a sizeable share of buyers came in at launch with an investment goal and are exiting before handover by reselling the contract.
For a buyer that's mostly a good thing: there's plenty to compare within a single building. Our lots range from AED 1.35 million (~$370K) to AED 5.5 million (~$1.5M), and within that range you can see how floor and size move the price. That much choice inside one project is rare on the Dubai market.
Business Bay is the most stocked district in our database: 371 lots, a median of AED 3.5 million (~$950K), around AED 4,900 per square foot (~$1,335/ft²). The per-foot price here is the highest among the city's mass-market districts, but the lot median is lower than Downtown's, thanks to more compact units.
It's a dense business district: towers, the canal, walking distance to Downtown. Rental demand is steady and year-round — this is where people who work nearby actually live.
Propsearch factsheet (storeys, unit count, developer, engineer, status) and our own stock as of 27 August 2026 (ten lots in the building, median and price per square foot across Business Bay).
The final payment on this building falls in 2026 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
Ask on WhatsAppEllington Properties Development. The architecture is by Gulf Engineering & Consultants.
22. The building has 189 apartments.
Crestmark is still being built. The handover date of a given unit I verify against its contract before the deal.
Business Bay. The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
The database currently holds 8 lots in this project, from 1 350 828 AED; 2 of them priced below the market, the deepest discount 10%. The list changes daily — I will send a fresh selection for the building on request.
What has been written about the building, its developer and Business Bay
Business Bay recorded 14 prime transactions in August 2026 against Palm Jumeirah's 10 — while Dubai-wide transaction volume fell 37% year-on-year and value fell 44%. Rental search demand rose 44% over the same period. What these seemingly contradictory numbers actually mean.
Corinthia Dubai, twin towers above 500 m on Sheikh Zayed Road with a rooftop pool and a Corinthia hotel, is due by 2030. Al Habtoor Group has announced an AED 5bn ($1.36bn) office tower in Al Habtoor City. What the two projects say about the market and who should care.
Omniyat bought a reclaimed island in Marasi Bay to build the Burj Khalifa district's only urban beach club and Sunset Park, a private floating island for VELA Viento residents. In March 2026 it priced a $600m sukuk at 7.25% and said its $11.7bn launched portfolio is fully funded to completion.
Deyaar is building DWTN (Downtown) Residences in Business Bay: twin 445 m, 111-storey towers with 522 homes — 432 apartments, 76 duplexes, 13 penthouses and a “Royal Palace”. From AED 1.86m with half due at keys. Construction began in January 2026; completion is quoted for 2029–2030.
In October 2024 Binghatti said it would lift its portfolio from about AED 40bn to AED 100bn ($27.2bn) in 18 months. In 2025 revenue reached AED 12.43bn, more than 17 000 units were sold, and the AED 30bn Binghatti City launched in Nad Al Sheba. What the growth means for buyers.
Downtown is Dubai's tourist and status core, around AED 2 433/sqft on our own data. Business Bay is the business district next door, home to 17 000+ companies, around AED 1 871/sqft. We compare lifestyle, rental economics and who should pick which.
SOM designed Burj Khalifa and a 74-metre metro station in Creek Harbour that will be the tallest in the world. Zaha Hadid Architects built The Opus and is now building Oystra in Ras Al Khaimah. What separates a real premium from a marketing line.
Three major office schemes are rising around DIFC and Business Bay: Immersive Tower ($300m, 58 573 sq m, 2027), Aldar's 88 000 sq m tower by Emirates Towers metro (Q4 2027), and an office park with a theatre on Business Bay's largest plot. Vacancy in central clusters sits at 2–5%.
The RTA and Dubai Holding signed an AED 6bn (about $1.6bn) road programme: four new JVC access points with interchanges, double the capacity and 70% shorter journeys. Hessa Street phase two adds a 780 m bridge and a 480 m tunnel out of JVC. What it means for owners and buyers.
Message me for the free layouts in Crestmark, the real entry price and what owners and tenants say — not the brochure copy.
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