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ReadyHanded over

The Residence at Business Central

by DAMAC Properties Business Bay

About The Residence at Business Central

The Residence at Business Central is a residential tower by DAMAC Properties, in Business Bay, Dubai. It rises 23 storeys (1 basement level, a ground floor, 3 podium levels and 19 floors), built as a concrete structure with internal and external finishes. The project comprises 228 homes across 2 buildings.

Key information

DAMAC Properties
Developer
DAMAC Properties
Handover
Q1 2013
Status
Handed over
Location
Business Bay, Dubai
Master project
Business Bay
Construction started
2010
Number of buildings
2
Number of units
228
Registered with DLD
08 Nov 2008
Escrow bank
Abu Dhabi Commercial Bank
Escrow account no.
632251159001
DLD transfer fee
4%

Source: official Dubai Land Department project data.

Project timeline

  1. Construction started
    2010
  2. Handed over
    Q1 2013

Construction progress

12 inspection photos from the Dubai Land Department. Latest 28 Aug 2012 at 86% complete.

The Residence at Business Central construction — photo 1
The Residence at Business Central construction — photo 2
The Residence at Business Central construction — photo 3
The Residence at Business Central construction — photo 4
The Residence at Business Central construction — photo 5
The Residence at Business Central construction — photo 6
The Residence at Business Central construction — photo 7
The Residence at Business Central construction — photo 8
The Residence at Business Central construction — photo 9
The Residence at Business Central construction — photo 10
The Residence at Business Central construction — photo 11
The Residence at Business Central construction — photo 12

Amenities

Physical features recorded on the Dubai Land Department buildings register.

22 Floors
Retail & Shops
211 Residential Units

Sales and prices

Recorded sales from the Dubai Land Department register, not asking prices.

Recorded sales
616
Median price
AED 1.3M
Median price / sqft
AED 1K+83%
Off-plan share
24%

Priced 25% below than the Business Bay median of AED 2K/sqft.

Sold by bedroom

LayoutSoldTypical sizeAvg priceAvg / sqft
1 Bed398912 sqftAED 1.1MAED 1K
2 Bed1641,360 sqftAED 1.8MAED 1K
3 Bed231,850 sqftAED 2.5MAED 1K

Price per sqft by year

+83% since 2009

AED/sqft

Recent recorded sales

DateTypeSizePricePrice / sqft
07 Aug 2026Resale1,441 sqftAED 1.7MAED 1K
28 Jul 2026Resale1,781 sqftAED 2.5MAED 1K
22 Jun 2026Resale463 sqftAED 500KAED 1K
17 Jun 2026Resale1,461 sqftAED 3.0MAED 2K
08 Apr 2026Resale1,330 sqftAED 2.0MAED 2K
17 Mar 2026Resale1,879 sqftAED 2.3MAED 1K
05 Mar 2026Resale1,334 sqftAED 2.5MAED 2K
09 Feb 2026Resale756 sqftAED 2.3MAED 3K

Unit mix

229 registered units, by layout and size, from the Dubai Land Department.

LayoutUnitsSize range
Shop17-
Unspecified1-
1 B/R142682 - 1,879 sqft
2 B/R601,026 - 1,867 sqft
3 B/R91,780 - 2,603 sqft

Payment plan

Payment plans are set by DAMAC Properties and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.

Request the payment plan

Location

Approximate location in Business Bay, Dubai.

Business Bay

Dubai, United Arab Emirates

Frequently asked questions

The Residence at Business Central has already been handed over (Q1 2013), according to Dubai Land Department records.

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Handover Q1 201386% complete

The Residence at Business Central

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