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Sky Bay Hotel

by The First Group Business Bay

About Sky Bay Hotel

Sky Bay Hotel is a hotel building by The First Group, in Business Bay, Dubai. It rises 18 storeys (1 basement level, a ground floor, 1 podium level and 16 floors), built as a concrete structure with internal and external finishes. The project comprises 449 homes.

Key information

The First Group
Developer
The First Group
Handover
Q1 2021
Status
Handed over
Location
Business Bay, Dubai
Master project
Business Bay
Construction started
2016
Number of buildings
1
Number of units
449
Registered with DLD
22 Jun 2017
Escrow bank
Abu Dhabi Islamic Bank
Escrow account no.
28236192
DLD transfer fee
4%

Source: official Dubai Land Department project data.

Project timeline

  1. Construction started
    2016
  2. Handed over
    Q1 2021

Construction progress

160 inspection photos from the Dubai Land Department. Latest 13 Jul 2021 at 100% complete.

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Amenities

Physical features recorded on the Dubai Land Department buildings register.

Swimming Pool
Covered Parking
6 Elevators
19 Floors
Retail & Shops

Sales and prices

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

Recorded sales
411
Median price
AED 1.4M
Median price / sqft
AED 4K-28%
Off-plan share
82%

Priced 117% above than the Business Bay median of AED 2K/sqft.

Sold by bedroom

LayoutSoldTypical sizeAvg priceAvg / sqft
Studio382375 sqftAED 1.3MAED 4K
1 Bed29850 sqftAED 1.3MAED 2K

Price per sqft by year

-28% since 2017

AED/sqft

Recent recorded sales

DateTypeSizePricePrice / sqft
30 Jul 2026Resale237 sqftAED 405KAED 2K
06 Jul 2026Resale174 sqftAED 768KAED 4K
04 Jun 2026Resale356 sqftAED 1.5MAED 4K
12 Feb 2026Resale237 sqftAED 406KAED 2K
11 Feb 2026Resale350 sqftAED 1.0MAED 3K
04 Feb 2026Resale414 sqftAED 1.0MAED 2K
14 Jan 2026Resale284 sqftAED 405KAED 1K
12 Jan 2026Resale237 sqftAED 406KAED 2K

Unit mix

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

LayoutUnitsSize range
1 B/R30939 - 1,135 sqft
Commercial12-
Studio669348 - 566 sqft

Payment plan

Payment plans are set by The First 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

Sky Bay Hotel has already been handed over (Q1 2021), according to Dubai Land Department records.

Other new projects in Business Bay

More off-plan launches around Business Bay.

See all

Handover Q1 2021100% complete

Sky Bay Hotel

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