Kasco Properties: the area you buy and the area you get
A developer building a Business Bay tower. Off-plan contracts allow the final measured area to differ from the sold area — and the clause that governs it is worth finding.
Onda
Business Bay · Kasco Properties
Project factsheet
Storeys 23
Units in the building 348
Developer Kasco Properties
Status Under development
District Business Bay
About the building
23-storey residential building in Business Bay. Developer — Kasco Properties. Architect — Next Engineering Consultants.
What the building has
- Swimming pool
Specifications for Onda by Kasco per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Onda is a 23-storey residential building in Business Bay, currently under construction.
The developer is Kasco Properties. The architecture is by Next Engineering Consultants.
The building holds 348 apartments in total.
The database currently holds 2 lots in this project, from 1 800 000 AED; 2 of them priced below the market, the deepest discount 18%.
Twenty-three storeys and 348 residences from Kasco in Business Bay, under construction. Our own stock carries a lot at AED 1.8 million (~$490K).
What it is
Onda is a residential complex by Kasco Properties, 23 storeys and 348 residences in Business Bay. Status: under construction.
Our own stock carries a unit at AED 1.8 million; the area is not given, so we do not quote a price per square foot.
Three hundred and forty-eight apartments across twenty-three storeys works out to fifteen per floor.
Price per square foot by Business Bay project
District benchmarks worth checking a listing against in a building still under construction.
| Project | AED / ft² | Lots | Avg. size |
|---|---|---|---|
| Lumena Alta | 8082 | 6 | 2578 ft² |
| Bugatti Residences | 7945 | 6 | 6415 ft² |
| Vela by Omniyat | 6213 | 3 | 6321 ft² |
| Burj Binghatti Jacob & Co | 5865 | 38 | 1924 ft² |
| Jumeirah Living Business Bay | 4926 | 9 | 3330 ft² |
| Peninsula Two | 3058 | 4 | 412 ft² |
| Mama Shelter | 3030 | 4 | 578 ft² |
| J One | 3029 | 4 | 2174 ft² |
| Al Habtoor City | 2967 | 8 | 1696 ft² |
| Trillionaire Residences | 2890 | 5 | 913 ft² |
| Peninsula Four B | 2819 | 4 | 612 ft² |
| Peninsula | 2817 | 9 | 1292 ft² |
| The Crestmark | 2770 | 5 | 1229 ft² |
| The Sterling | 2754 | 3 | 1479 ft² |
| Quayside | 2651 | 6 | 1070 ft² |
| Canal Crown | 2559 | 3 | 718 ft² |
| Binghatti Aquarise | 2540 | 3 | 955 ft² |
| Chic Tower | 2396 | 3 | 899 ft² |
| Aykon City | 2215 | 5 | 1313 ft² |
| Executive Towers | 1856 | 4 | 2158 ft² |
| Nobles Residential Tower | 1844 | 3 | 1265 ft² |
Our own stock as of 28 August 2026: 368 lots across the district, median AED 3.58 million, average AED 3,585/ft². Projects with three or more lots and a known area only — 123 lots with an area contradicting the bedroom count were excluded from the calculation.
Buying from a small developer at the construction stage
Business Bay in our database: 368 lots, median AED 3.58 million, average AED 3,585/ft².
For a large developer, reputation works as insurance: missing a deadline costs it more than finishing the job. A smaller company does not have that cushion.
So the mechanics matter more than the name here: registration of the project with the Land Department (Dubai's DLD, which records and verifies property sales), the escrow account (funds held by a regulator-approved trustee and released only as construction milestones are met), payments tied to construction milestones, and exactly what the contract obliges the developer to deliver.
And separately, what the company has already delivered. A completed building can be visited and inspected; a promise cannot.
propsearch factsheet: 23 storeys, 348 residences, developer Kasco Properties, status "under construction." Our own stock as of 28 August 2026: the project lot (price), the district comparison table, and the Business Bay median and average.
What the complex has
Swimming pool
Where it is
Handover payment
A mortgage covers the final instalment
The final payment on this building falls in 2027 — 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.
- Up to 80% of the appraised value, no extra down payment
- 3.99% fixed for three years, up to 25 years in term
- 6–12 months before the keys — the bank wants six months of income history
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 WhatsAppFrequently asked about Onda
Who is the developer of Onda?
Kasco Properties. The architecture is by Next Engineering Consultants.
How many floors does Onda have?
23. The building has 348 apartments.
When is Onda handed over?
Construction is ongoing; the key-handover date for the unit you choose I check in the contract before you sign.
Where is Onda?
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.
How much does an apartment in Onda cost?
The database currently holds 2 lots in this project, from 1 800 000 AED; 2 of them priced below the market, the deepest discount 18%. Prices move every day, so it is worth asking for the current list for this building.
In the news
What has been written about the building, its developer and Business Bay
Business Bay overtakes Palm Jumeirah in prime deals in August 2026, even as Dubai's wider market cools
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.
Dubai skyscrapers: Corinthia Dubai above 500 metres and Al Habtoor’s AED 5bn tower in Al Habtoor City
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's Marasi Bay island: a beach club by the Burj Khalifa and a fully funded $11.7bn portfolio
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.
Business Bay apartments: Deyaar’s DWTN Residences — 445-metre twin towers planned around Maslow’s pyramid
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.
Binghatti developer: an AED 100bn portfolio, Bugatti, Mercedes-Benz and Binghatti City — two years of growth
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 Dubai vs Business Bay: where to live and where to buy to let
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.
Star architecture in Dubai: Zaha Hadid, SOM, Squire & Partners — and what an architect's name actually adds to resale value
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.
New Dubai office towers: Immersive Tower in DIFC, Aldar's Sheikh Zayed Road building and Bureau Lamar in Business Bay
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%.
Where this project stands today
I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.
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