Business Bay · Damac Properties
23-storey residential building in Business Bay, completed in 2013. Developer — Damac Properties.
Specifications for The Residences at Business Central per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
The Residences at Business Central is a 23-storey residential building in Business Bay, completed in 2013.
The developer is Damac Properties.
Height — 85 metres.
The database has nothing for this project at the moment: lots come and go here, and it refreshes nightly.
Twenty-three storeys of Damac in Business Bay, handed over in 2013. AED 1,684 per square foot (~$460/ft²) on a unit of around 1,780 square feet — the low end of the district.
The Residences at Business Central is a residential complex by Damac Properties, 23 storeys in Business Bay, handed over in 2013. The factsheet does not give the unit count.
Our own stock carries a unit of around 1,781 square feet for AED 3 million (~$820K), AED 1,684 per square foot.
Eighteen hundred square feet for AED 3 million is a large apartment priced at roughly the district average.
The Residences at Business Central sits below the whole district table — cheaper even than Nobles at 1,844.
| 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.
Business Bay in our database: 368 lots, median AED 3.58 million, average AED 3,585/ft². Our lot is roughly half that on a per-square-foot basis.
That comes from three things: the building's age, the large unit size, and its position off the canal's front line.
A large unit lowers the per-square-foot price on its own — we have seen that pattern across the city. Thirteen years of use adds to the discount. Lack of a water view is the third factor, and the heaviest one, in Business Bay.
For a buyer who wants square footage in a central district, this is about as good a ratio as the market offers — the kind of large-unit-close-to-the-centre value that would be unusual in Manhattan or central London, where big units near the CBD usually command a premium rather than a discount. But the condition needs a close look: a discount this size is rarely explained by size alone.
propsearch factsheet: 23 storeys, developer Damac Properties, handover 2013. Our own stock as of 28 August 2026: the project lot (area, price, price per square foot), the district comparison table, and the Business Bay median and average.
The stock refreshes every night, and lots here appear and go. Message me — I will check the closed bases and suggest the nearest alternatives in Business Bay.
Ask about this projectDamac Properties.
23. The building has 85 m tall.
Yes, the building was handed over in 2013. This is ready housing: you can move in or let it out right after 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.
No open lots for the building today. I will check the price of the layout you are after in the closed databases and send it with every cost of the deal worked out.
Swimming pool, Children's area, Parking, 24/7 security, Shops, Barbecue area. The list comes from the project description and covers the whole complex.
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.
I will tell you which layouts are available now, what entry really costs and what the people who live in or let the building think of it — no marketing language.
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