Fortune Bay

An office tower by Fortune Group in Business Bay — construction halted, factsheet status "Cancelled." Eight of our own lots from AED 2.72 to 8 million (~$740K–$2.18M) at AED 2,872 per square foot (~$780/ft²).

The key fact about this address

Fortune Bay is an office building by developer Fortune Group in Business Bay. The propsearch factsheet gives the status as "Under development (Cancelled)" — construction started, then paused or was cancelled. That is the first thing to know about this project, and it is not a minor detail: it shapes the whole deal.

At the same time, our own stock carries eight lots at this address, listed as ordinary office units with 1–3 bedrooms (a residential format in the data, for a building zoned as office) ranging from 982 to 2,481 square feet.

"Cancelled at developer level" combined with "lots actively for sale" turns up on the Dubai resale market: buyers who entered early exit their positions regardless of construction status, and the secondary market runs on its own logic.

What the numbers show

Prices range from AED 2.72 to 8 million, at an average of around AED 2,872 per square foot. All eight lots are listed at a discount, but the average markdown is only 4%.

A low discount alongside a cancelled construction status is itself a warning sign: uncertainty over a project usually pushes sellers to cut price harder. That is not happening here, and one possible reason is that part of the supply is a deposit refund or some other contractual arrangement rather than an ordinary assignment of a future property.

Any forecast of yield or handover timing here is pointless: a project with "Cancelled" status has neither a confirmed completion date nor any guarantee that construction resumes at all.

What to check without fail

First and foremost: the project's current legal status with the developer and at the Land Department (Dubai's DLD, which registers property sales) — frozen, terminated, transferred to another developer, or in bankruptcy proceedings. That changes the entire risk profile of the deal, the same first question buyers ask about stalled pre-construction condo projects in markets like Florida or Spain.

Second: what is actually being sold — a claim under the contract with Fortune Group, a refund of payments already made, or something else. The word "lot" in our data does not, here, mean a finished or under-construction property in the ordinary sense.

Third: the project's escrow account (funds held by a regulator-approved trustee, meant to be released only against construction progress). If it still exists and holds funds, that changes the buyer-protection picture. If the project has been frozen for a long time, the account may already be closed or empty.

This is not an address where the usual advice about negotiating, service charges or rental rates applies. The first step here is a legal check of status, and without it the price is meaningless.

propsearch factsheet for the object (developer, district, stage — the "Under development (Cancelled)" status is stated there) and our own stock as of 31 August 2026: 8 lots — price range, sizes, price per square foot, bedroom mix, handover date, and the number and average size of discounted lots.