About Terraces Marasi Drive
Terraces Marasi Drive is a residential tower by Key Mavens For Real Estate Development, in Business Bay, Dubai. It rises 23 storeys (a ground floor, 3 podium levels, 19 floors and a roof), built as a concrete structure with internal and external finishes. The project comprises 125 homes.
Key information
Developer
Key Mavens For Real Estate Development
- Handover
- Q2 2024
- Status
- Handed over
- Location
- Business Bay, Dubai
- Master project
- Business Bay
- Construction started
- 2022
- Number of buildings
- 1
- Number of units
- 125
- Registered with DLD
- 15 Mar 2023
- Escrow bank
- Arab Bank for Investment & Foreign Trade (Al Masraf)
- Escrow account no.
- 994000034037
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2022
- Handed overQ2 2024
Construction progress
51 inspection photos from the Dubai Land Department. Latest 01 Oct 2024 at 100% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
Swimming Pool
Covered Parking
4 Elevators
24 Floors
Retail & Shops
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
155
Median price
AED 2.4M
Median price / sqft
AED 2K+11%
Off-plan share
72%
Priced 7% above than the Business Bay median of AED 2K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| 1 Bed | 89 | 1,217 sqft | AED 2.0M | AED 2K |
| 2 Bed | 61 | 1,845 sqft | AED 3.9M | AED 2K |
| 3 Bed | 3 | 3,887 sqft | AED 7.7M | AED 2K |
| 4 Bed | 1 | 13,053 sqft | AED 18.0M | AED 1K |
Price per sqft by year
+11% since 2023AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 17 Jun 2026 | Resale | 1,105 sqft | AED 1.8M | AED 2K |
| 29 Apr 2026 | Resale | 2,139 sqft | AED 5.1M | AED 2K |
| 08 Apr 2026 | Resale | 1,226 sqft | AED 1.9M | AED 2K |
| 08 Apr 2026 | Resale | 2,312 sqft | AED 3.6M | AED 2K |
| 06 Apr 2026 | Resale | 567 sqft | AED 947K | AED 2K |
| 27 Mar 2026 | Resale | 13,053 sqft | AED 18.0M | AED 1K |
| 26 Mar 2026 | Resale | 2,519 sqft | AED 5.8M | AED 2K |
| 18 Mar 2026 | Resale | 2,142 sqft | AED 4.7M | AED 2K |
Unit mix
125 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Commercial | 4 | - |
| 1 B/R | 71 | 974 - 1,573 sqft |
| 2 B/R | 46 | 1,134 - 2,521 sqft |
| 3 B/R | 3 | 3,859 - 3,896 sqft |
| 4 B/R | 1 | 13,053 sqft |
Payment plan
Payment plans are set by Key Mavens and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Business Bay, Dubai.
Business Bay
Dubai, United Arab Emirates
Frequently asked questions
Terraces Marasi Drive has already been handed over (Q2 2024), according to Dubai Land Department records.
