About Park Lane Tower
Park Lane Tower is a commercial, hotel, office tower by The Developer Properties, in Business Bay, Dubai. It rises 34 storeys (2 basement levels, a ground floor, 3 podium levels and 30 floors), built as a concrete structure with internal and external finishes. The project comprises 604 homes.
Key information
Developer
The Developer Properties
- Handover
- Q1 2016
- Status
- Handed over
- Location
- Business Bay, Dubai
- Master project
- Business Bay
- Construction started
- 2007
- Number of buildings
- 1
- Number of units
- 604
- Registered with DLD
- 08 Nov 2008
- Escrow bank
- Noor Bank
- Escrow account no.
- 00110533690019
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2007
- Handed overQ1 2016
Construction progress
36 inspection photos from the Dubai Land Department. Latest 24 Aug 2016 at 100% complete.
Amenities
Physical features recorded on the Dubai Land Department buildings register.
Swimming Pool
Covered Parking
9 Elevators
28 Floors
Retail & Shops
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
927
Median price
AED 699K
Median price / sqft
AED 1K-25%
Off-plan share
42%
Priced 23% below than the Business Bay median of AED 2K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| Studio | 244 | 431 sqft | AED 614K | AED 1K |
Price per sqft by year
-25% since 2009AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 19 Aug 2026 | Resale | 256 sqft | AED 640K | AED 3K |
| 05 Aug 2026 | Resale | 510 sqft | AED 885K | AED 2K |
| 22 Jul 2026 | Resale | 499 sqft | AED 950K | AED 2K |
| 21 Jul 2026 | Resale | 372 sqft | AED 775K | AED 2K |
| 20 Jul 2026 | Resale | 393 sqft | AED 940K | AED 2K |
| 16 Apr 2026 | Resale | 368 sqft | AED 700K | AED 2K |
| 16 Mar 2026 | Resale | 491 sqft | AED 1.1M | AED 2K |
| 24 Feb 2026 | Resale | 517 sqft | AED 1.1M | AED 2K |
Unit mix
604 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Shop | 7 | - |
| Office | 389 | - |
| Studio | 208 | 293 - 746 sqft |
Payment plan
Payment plans are set by The Developer 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
Park Lane Tower has already been handed over (Q1 2016), according to Dubai Land Department records.
