ANAX Developments: what it takes to run a unit as a holiday home
A developer building serviced-style units in Business Bay. Short letting in Dubai is licensed and regulated — and three separate permissions have to line up before you can start.
V-Suites
Business Bay · ANAX Developments
Project factsheet
Storeys 23
Units in the building 227
Developer ANAX Developments
Status Under development
District Business Bay
About the building
23-storey residential building in Business Bay. Developer — ANAX Developments. Architect — EDMAC Engineering Consultant.
What the building has
- Swimming pool
- Shops
- Restaurants
- Park and landscaping
Specifications for V-Suites per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
V-Suites is a 23-storey residential building in Business Bay, currently under construction.
The developer is ANAX Developments. The architecture is by EDMAC Engineering Consultant.
The building holds 227 apartments in total.
No lots from this project are in our database today. It is topped up every night, so listings for the building can turn up on any day.
Twenty-three storeys and 227 residences by ANAX in Business Bay, under construction. Price per metre AED 2,326/ft² on large units around 2,830 sq ft.
What this is
V Suites is a residential complex by ANAX Developments with 23 storeys and 227 residences in Business Bay. Status: under construction.
In our own stock there is a unit of around 2,830 square feet for AED 6.58 million (~$1.79M), a price per metre of AED 2,326 per foot (~$635/ft²).
Nearly three thousand square feet is a large format for the district, where the average unit is half that size.
Price per metre across Business Bay projects
V Suites sits noticeably below the district average while running above-average in size — the usual mechanics of large units.
| 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 large apartment in a business quarter
Business Bay in our database counts 368 lots, with a median of AED 3.58 million (~$970K) and an average price per metre of AED 3,585/ft² (~$975/ft²).
Business Bay was built up around offices and compact rental housing, and units around three thousand square feet are rare here. Demand for them is different too: this is no longer an investment purchase but a family home.
The practical consequence is liquidity. A large unit in a district of studios sells more slowly, but faces less competition when it does sell: there are few comparable apartments nearby.
What to check is the canal view: in Business Bay that's the main price driver, and even within a large apartment it can vary floor by floor.
The propsearch record: 23 storeys, 227 residences, developer ANAX Developments, status "under construction". Our own stock as of 28 August 2026: the project's own listing (size, price, price per metre), the district-wide calculation, and the Business Bay median and average.
What the complex has
Swimming pool
Shops
Restaurants
Park and landscaping
Where it is
Nothing in the stock for this project right now
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 projectFrequently asked about V-Suites
Who is the developer of V-Suites?
ANAX Developments. The architecture is by EDMAC Engineering Consultant.
How many floors does V-Suites have?
23. The building has 227 apartments.
When is V-Suites handed over?
V-Suites is still being built. The handover date of a given unit I verify against its contract before the deal.
Where is V-Suites?
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 V-Suites cost?
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.
What is on site at V-Suites?
Swimming pool, Shops, Restaurants, Park and landscaping. The list comes from the project description and covers the whole complex.
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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