IAH Project Development: what happens when a landlord and tenant disagree
A developer with a Business Bay tower from 2016. Rental disputes in Dubai go to a dedicated tribunal, and the outcome usually turns on paperwork rather than on argument.
Park Lane Tower
Business Bay · IAH Project Development
Project factsheet
Storeys 34
Developer IAH Project Development
Status Completed
Completed 2016
District Business Bay
About the building
Located in Business Bay, completed in 2016. Developer — IAH Project Development. Architect — Carlos Ott Architect.
What the building has
- Swimming pool
- Restaurants
Specifications for Park Lane Tower per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Park Lane Tower is a residential complex of several buildings in Business Bay, completed in 2016.
The developer is IAH Project Development. The architecture is by Carlos Ott Architect.
The tallest tower rises 34 storeys.
The database currently holds 1 lot in this project, from 250 000 AED.
Thirty-four storeys in Business Bay by IAH Project Development, handed over in 2016. One listing in our stock.
What it is
Park Lane Tower is a residential tower, 34 storeys, in Business Bay, handed over in 2016 by developer IAH Project Development.
Our stock has one listing for this tower.
The factsheet doesn't state the number of residences. That's typical for district buildings not built by major developers: the factsheet is compiled from public sources, and they're sparse on such projects.
Price per square foot across Business Bay
For a building with a single stock listing, the only available benchmark is district pricing.
| 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.
A decade-old building
Business Bay in our database: 368 lots, median AED 3.58 million (~$970K) at an average AED 3,585/ft² (~$975/ft²).
Ten years is the age at which a building has already proven itself but hasn't yet reached major refurbishment. For a buyer, that's a convenient point: you can see how the management company performs, the condition of common areas, and who the neighbours are.
That's what needs checking — not the factsheet: for a building with an unknown unit count and a little-known developer, the decision gets made on a viewing and from the owners' association documents.
propsearch factsheet: 34 storeys, developer IAH Project Development, handed over 2016. Our own stock as of 28 August 2026: 1 lot, price-per-square-foot calculation across district projects, median and average for Business Bay.
What the complex has
Swimming pool
Restaurants
Where it is
Frequently asked about Park Lane Tower
Who is the developer of Park Lane Tower?
IAH Project Development. The architecture is by Carlos Ott Architect.
How many floors does Park Lane Tower have?
34 — that is the tallest building of the complex.
Has Park Lane Tower been handed over?
Yes, the building was handed over in 2016. This is ready housing: you can move in or let it out right after the deal.
Where is Park Lane Tower?
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 Park Lane Tower cost?
The database currently holds 1 lot in this project, from 250 000 AED. The list changes daily — I will send a fresh selection for the building on request.
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.
Ask a question
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