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ReadyHanded over

The One Hotel

by The First Group Business Bay

About The One Hotel

The One Hotel is a hotel building by The First Group, in Business Bay, Dubai. It rises 18 storeys (2 basement levels, a ground floor, 17 floors and a roof), built as a concrete structure with internal and external finishes. The project comprises 504 homes.

Key information

The First Group
Developer
The First Group
Handover
Q3 2019
Status
Handed over
Location
Business Bay, Dubai
Master project
Business Bay
Construction started
2016
Number of buildings
1
Number of units
504
Registered with DLD
22 Mar 2017
Escrow bank
Abu Dhabi Islamic Bank
Escrow account no.
28236207
DLD transfer fee
4%

Source: official Dubai Land Department project data.

Project timeline

  1. Construction started
    2016
  2. Handed over
    Q3 2019

Construction progress

110 inspection photos from the Dubai Land Department. Latest 11 Oct 2020 at 100% complete.

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Amenities

Physical features recorded on the Dubai Land Department buildings register.

Swimming Pool
Covered Parking
9 Elevators
19 Floors
Retail & Shops

Sales and prices

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

Recorded sales
508
Median price
AED 1.4M
Median price / sqft
AED 4K-6%
Off-plan share
75%

Priced 157% above than the Business Bay median of AED 2K/sqft.

Sold by bedroom

LayoutSoldTypical sizeAvg priceAvg / sqft
Studio463325 sqftAED 1.4MAED 4K
1 Bed45619 sqftAED 1.7MAED 3K

Price per sqft by year

-6% since 2017

AED/sqft

Recent recorded sales

DateTypeSizePricePrice / sqft
25 Aug 2026Resale325 sqftAED 1.4MAED 4K
05 Aug 2026Resale325 sqftAED 852KAED 3K
30 Jul 2026Resale325 sqftAED 1.2MAED 4K
14 Jul 2026Resale325 sqftAED 1.3MAED 4K
22 May 2026Resale320 sqftAED 1.6MAED 5K
08 May 2026Resale325 sqftAED 1.4MAED 4K
01 May 2026Resale629 sqftAED 1.7MAED 3K
08 Apr 2026Resale321 sqftAED 1.7MAED 5K

Unit mix

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

LayoutUnitsSize range
Commercial12-
Studio449320 - 342 sqft
1 B/R43598 - 913 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

The One Hotel has already been handed over (Q3 2019), according to Dubai Land Department records.

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Handover Q3 2019100% complete

The One Hotel

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