Business Bay home sales: Q1 2024
January to March 2024
Number 2 of 93 Dubai communities by sales in Q1 2024. See all of Dubai.
2,542 homes sold in Business Bay for AED 5.46bn in Q1 2024. That is 8% more than the quarter before and 5% more than Q1 2023. 56% were off-plan.
The agent's view
“Look first at the communities and towers with the most sales. Busy places give you a fair price to work from, and an easier sale later.”
Homes sold2,542+8% on the quarter before+5% on Q1 2023
ValueAED 5.46bn+28% on the quarter before+26% on Q1 2023
AED per sq ft (median)2,273+5% on the quarter before+9% on Q1 2023
Off-plan share56%-0 points on the quarter before-8 points on Q1 2023
Sales in each of the last 4 quarters
Business Bay. The yellow bar is Q1 2024.
Before 24 September 2026 our record holds about 84% of sales. From that date it holds every sale the source shows.
New in the sales record
6 towers and projects had their first recorded sale in Q1 2024. For an off-plan project this is close to the sales launch. It is not the date of the press launch.
| Tower or project | First sale | Sales in the quarter | Value | AED per sq ft | Type |
|---|---|---|---|---|---|
| Canal Crown 2 | 6 Mar 2024 | 103 | AED 227m | 2,872 | Off-plan |
| The Quayside | 31 Jan 2024 | 44 | AED 120m | 2,466 | Off-plan |
| The Crestmark | 29 Jan 2024 | 41 | AED 128m | 2,724 | Off-plan |
| Royal Regency | 24 Jan 2024 | 38 | AED 76.5m | 1,918 | Off-plan |
| One River Point | 6 Mar 2024 | 17 | AED 61.8m | 2,665 | Off-plan |
| Eywa | 16 Feb 2024 | 3 | AED 50.2m | 3,792 | Off-plan |
By tower
120 towers and projects had a sale.
| # | Tower or project | Sales | Change | Value | AED per sq ft | Type |
|---|---|---|---|---|---|---|
| 1 | The Edge | 249 | -51% | AED 378m | 2,236 | Off-plan |
| 2 | UPSIDE Living | 188 | +44% | AED 272m | 2,790 | Ready |
| 3 | Al Habtoor Tower | 130 | +76% | AED 378m | 2,656 | Off-plan |
| 4 | Trillionaire Residences | 108 | +120% | AED 194m | 2,764 | Off-plan |
| 5 | Canal Crown 2 | 103 | new | AED 227m | 2,872 | Off-plan |
| 6 | Aykon City Tower D | 85 | +166% | AED 245m | 3,159 | Off-plan |
| 7 | VYB | 65 | +400% | AED 92.8m | 1,981 | Off-plan |
| 8 | Bay Square Building 9 | 62 | +138% | AED 64.7m | 1,281 | Ready |
| 9 | Nobles Tower | 61 | +85% | AED 134m | 1,883 | Off-plan |
| 10 | Canal Crown 1 | 55 | +83% | AED 124m | 2,664 | Off-plan |
| 11 | Canal Heights 2 | 46 | -42% | AED 78.5m | 2,792 | Off-plan |
| 12 | Ahad Residences | 45 | +400% | AED 77.3m | 2,061 | Ready |
| 13 | The Quayside | 44 | new | AED 120m | 2,466 | Off-plan |
| 14 | Regalia By Deyaar | 43 | -16% | AED 57.6m | 1,691 | Off-plan |
| 15 | Sky Bay Hotel | 43 | +23% | AED 18.9m | 4,133 | Ready |
| 16 | The Crestmark | 41 | new | AED 128m | 2,724 | Off-plan |
| 17 | Royal Regency | 38 | new | AED 76.5m | 1,918 | Off-plan |
| 18 | Terraces Marasi Drive | 37 | -34% | AED 112m | 1,826 | Off-plan |
| 19 | Zada Tower | 35 | -10% | AED 33.1m | 1,974 | Ready |
| 20 | Paramount Tower Hotel & Residences | 34 | -3% | AED 78.6m | 2,110 | Ready |
| 21 | Peninsula One | 33 | +106% | AED 45.1m | 2,427 | Off-plan |
| 22 | The Bay | 33 | +10% | AED 44.6m | 1,444 | Ready |
| 23 | Peninsula Two | 32 | +68% | AED 39.1m | 2,215 | Off-plan |
| 24 | Damac Maison Prive B | 32 | 0% | AED 38.0m | 2,348 | Ready |
| 25 | SLS Dubai Hotel & Residences | 31 | +3% | AED 75.5m | 2,228 | Ready |
| 26 | Residence 110 | 30 | +329% | AED 71.9m | 1,835 | Ready |
| 27 | Damac Maison Prive A | 28 | -15% | AED 31.3m | 2,387 | Ready |
| 28 | Peninsula Four | 26 | +86% | AED 166m | 2,694 | Off-plan |
| 29 | Reva Residences | 24 | 0% | AED 25.6m | 2,035 | Ready |
| 30 | Executive Tower B | 23 | +28% | AED 28.3m | 980 | Ready |
| 31 | West Five Business Bay Residences | 22 | -77% | AED 39.1m | 2,214 | Off-plan |
| 32 | Peninsula Three | 22 | +47% | AED 31.5m | 2,399 | Off-plan |
| 33 | Mama Shelter Residences | 22 | -53% | AED 29.1m | 2,271 | Off-plan |
| 34 | West Bay Tower | 20 | was 1 | AED 43.7m | 1,794 | Off-plan |
| 35 | Aykon City Tower C | 20 | -52% | AED 30.8m | 2,252 | Ready |
| 36 | Vera Residences | 20 | +67% | AED 22.7m | 2,177 | Ready |
| 37 | The One Hotel | 19 | -24% | AED 26.4m | 3,976 | Ready |
| 38 | 15 Northside Tower 1 | 19 | 0% | AED 21.7m | 2,329 | Ready |
| 39 | Aykon City Tower B | 18 | +6% | AED 18.6m | 2,002 | Ready |
| 40 | One River Point | 17 | new | AED 61.8m | 2,665 | Off-plan |
| 41 | Binghatti Canal | 17 | +143% | AED 31.5m | 1,989 | Ready |
| 42 | Hamilton Tower | 16 | -11% | AED 14.7m | 1,146 | Ready |
| 43 | Burj Binghatti Jacob & Co | 15 | +7% | AED 139m | 2,574 | Off-plan |
| 44 | Damac Towers by Paramount, Tower C | 15 | +114% | AED 23.4m | 1,905 | Ready |
| 45 | Urban Oasis | 14 | -50% | AED 45.0m | 2,160 | Off-plan |
| 46 | Merano Tower | 14 | -7% | AED 16.4m | 1,713 | Ready |
| 47 | Peninsula Five | 13 | 0% | AED 30.2m | 2,129 | Off-plan |
| 48 | Damac Towers by Paramount, Tower D | 13 | +44% | AED 23.4m | 1,491 | Ready |
| 49 | The Vela Dorchester Collection | 12 | was 1 | AED 470m | 6,508 | Off-plan |
| 50 | Noura Tower | 12 | 0% | AED 27.4m | 1,597 | Ready |
| 51 | Elite Business Bay Residence | 12 | -72% | AED 16.2m | 1,312 | Ready |
| 52 | The Paragon by IGO | 12 | +71% | AED 14.9m | 1,817 | Off-plan |
| 53 | Aykon City Tower A | 11 | -27% | AED 28.5m | 2,439 | Off-plan |
| 54 | Damac Towers by Paramount, Tower B | 11 | +57% | AED 22.5m | 1,745 | Ready |
| 55 | Executive Tower M | 11 | -15% | AED 21.1m | 1,193 | Ready |
| 56 | Damac Maison Canal Views | 11 | was 3 | AED 13.4m | 1,387 | Ready |
| 57 | DAMAC Majestine | 11 | +10% | AED 12.9m | 1,735 | Ready |
| 58 | MAG 318 | 11 | +22% | AED 11.0m | 2,270 | Ready |
| 59 | Amna | 10 | -9% | AED 28.5m | 1,666 | Ready |
| 60 | Executive Tower J | 10 | -17% | AED 24.6m | 1,139 | Ready |
| 61 | Marquise Square Tower | 10 | -9% | AED 17.2m | 2,149 | Ready |
| 62 | Churchill Residency Tower | 10 | 0% | AED 13.2m | 1,176 | Ready |
| 63 | Windsor Manor | 10 | was 3 | AED 9.1m | 718 | Ready |
| 64 | Bayz by Danube | 10 | -17% | AED 8.9m | 1,834 | Ready |
| 65 | The Sterling East | 9 | -36% | AED 18.2m | 2,034 | Off-plan |
| 66 | Millennium Atria | 9 | -18% | AED 14.5m | 1,436 | Ready |
| 67 | SOL Bay | 9 | new | AED 12.6m | 1,899 | Ready |
| 68 | The Ritz - Carlton Residences | 8 | new | AED 90.6m | 3,829 | Off-plan |
| 69 | AG Tower | 8 | -38% | AED 7.0m | 1,541 | Ready |
| 70 | Park Central | 7 | +17% | AED 7.6m | 1,066 | Ready |
| 71 | Damac Maison The Vogue | 7 | 0% | AED 7.3m | 1,270 | Ready |
| 72 | Mayfair Residency | 7 | -12% | AED 6.4m | 1,243 | Ready |
| 73 | Capital Bay Tower B | 7 | 0% | AED 6.3m | 1,013 | Ready |
| 74 | The Court | 7 | -63% | AED 6.0m | 1,735 | Ready |
| 75 | Ontario Tower | 7 | was 4 | AED 4.6m | 996 | Ready |
| 76 | Jumeirah Living Business Bay | 6 | -14% | AED 74.0m | 3,642 | Off-plan |
| 77 | Executive Tower H | 6 | was 2 | AED 19.6m | 1,391 | Ready |
| 78 | Executive Tower F | 6 | was 3 | AED 13.0m | 1,200 | Ready |
| 79 | Executive Tower G | 6 | -33% | AED 12.4m | 1,212 | Ready |
| 80 | West Wharf | 6 | 0% | AED 10.4m | 1,321 | Ready |
| 81 | Damac Towers by Paramount, Tower A | 6 | -50% | AED 10.3m | 1,580 | Ready |
| 82 | Plaza Boutique 1 | 6 | was 2 | AED 10.0m | 1,058 | Ready |
| 83 | Ubora Tower 1 | 6 | -14% | AED 8.2m | 1,063 | Ready |
| 84 | Fairview Residency | 6 | +20% | AED 6.4m | 1,267 | Ready |
| 85 | Clayton Residency | 6 | 0% | AED 4.9m | 1,005 | Ready |
| 86 | The Sterling West | 5 | -17% | AED 14.3m | 1,937 | Ready |
| 87 | Canal Heights | 5 | -58% | AED 9.2m | 2,569 | Off-plan |
| 88 | The Pad | 5 | -55% | AED 9.0m | 2,591 | Ready |
| 89 | Avanti | 5 | was 2 | AED 5.7m | 1,599 | Ready |
| 90 | Executive Bay A | 5 | 0% | AED 5.2m | 1,327 | Ready |
| 91 | Mayfair Tower | 5 | -55% | AED 4.5m | 1,258 | Ready |
| 92 | Scala Tower | 5 | -29% | AED 3.7m | 1,157 | Ready |
| 93 | Safeer Tower 2 | 5 | was 3 | AED 3.5m | 1,305 | Ready |
| 94 | The Opus | 4 | -20% | AED 27.7m | 4,536 | Ready |
| 95 | Chic Tower | 4 | -64% | AED 10.5m | 2,242 | Off-plan |
| 96 | Executive Tower K | 4 | was 4 | AED 6.7m | 1,274 | Ready |
| 97 | Damac Maison Cour Jardin | 4 | -20% | AED 5.5m | 1,417 | Ready |
| 98 | Luxury Family Residences | 4 | -81% | AED 4.9m | 1,626 | Off-plan |
| 99 | Capital Bay Tower A | 4 | -56% | AED 4.1m | 1,112 | Ready |
| 100 | Eywa | 3 | new | AED 50.2m | 3,792 | Off-plan |
| 101 | DG1 | 3 | -86% | AED 10.3m | 2,770 | Off-plan |
| 102 | Executive Tower C | 3 | was 3 | AED 7.9m | 977 | Ready |
| 103 | Vezul Residence | 3 | -40% | AED 5.7m | 1,510 | Ready |
| 104 | The Residences at Business Central | 3 | -40% | AED 5.4m | 1,469 | Ready |
| 105 | Waves Tower | 3 | was 4 | AED 5.2m | 1,396 | Ready |
| 106 | Millennium Binghatti Residences | 3 | -67% | AED 4.1m | 1,256 | Ready |
| 107 | Bay's Edge | 3 | -75% | AED 3.2m | 1,485 | Ready |
| 108 | Bay Square Building 12 | 2 | was 2 | AED 3.2m | 1,146 | Ready |
| 109 | Bay Square Building 3 | 2 | was 1 | AED 2.7m | 1,102 | Ready |
| 110 | Volante | 1 | was 1 | AED 19.0m | 3,763 | Ready |
| 111 | Bugatti Residences By Binghatti | 1 | -83% | AED 12.0m | 3,466 | Off-plan |
| 112 | Plaza Boutique 3 | 1 | new | AED 7.9m | 916 | Ready |
| 113 | Meera | 1 | was 4 | AED 5.2m | 2,600 | Ready |
| 114 | Executive Tower E | 1 | new | AED 2.5m | 1,381 | Ready |
| 115 | 15 Northside Tower 2 | 1 | was 2 | AED 1.6m | 2,513 | Ready |
| 116 | Bay Square Building 13 | 1 | was 2 | AED 1.5m | 938 | Ready |
| 117 | Moon Tower | 1 | new | AED 1.4m | 1,415 | Off-plan |
| 118 | Bay Square Building 7 | 1 | was 1 | AED 1.3m | 1,079 | Ready |
| 119 | Bay Square Building 10 | 1 | new | AED 800,000 | 1,157 | Ready |
| 120 | Safeer Tower 1 | 1 | was 4 | AED 558,000 | 1,308 | Ready |
By developer
36 developers had a sale in a tower we have named.
| # | Developer | Sales | Towers | Value | AED per sq ft | Off-plan |
|---|---|---|---|---|---|---|
| 1 | Select Group | 431 | 10 | AED 859m | 2,254 | 88% |
| 2 | DAMAC Properties | 326 | 20 | AED 520m | 2,190 | 36% |
| 3 | DAMAC | 279 | 7 | AED 593m | 2,705 | 67% |
| 4 | Al Habtoor Group | 153 | 4 | AED 439m | 2,611 | 85% |
| 5 | Binghatti Developers | 129 | 4 | AED 241m | 2,675 | 84% |
| 6 | Dubai Properties | 112 | 11 | AED 175m | 1,261 | 0% |
| 7 | Ellington Properties | 102 | 3 | AED 310m | 2,566 | 100% |
| 8 | Deyaar | 87 | 6 | AED 104m | 1,484 | 49% |
| 9 | Ginco Properties | 65 | 1 | AED 92.8m | 1,981 | 100% |
| 10 | The First Group | 62 | 2 | AED 45.4m | 4,116 | 0% |
| 11 | Tiger Properties | 61 | 1 | AED 134m | 1,883 | 100% |
| 12 | Al Seeb Real Estate Development | 43 | 2 | AED 80.0m | 1,878 | 88% |
| 13 | Keymaven | 37 | 1 | AED 112m | 1,826 | 100% |
| 14 | Omniyat | 35 | 5 | AED 539m | 2,645 | 60% |
| 15 | World of Wonders Real Estate Development | 31 | 1 | AED 75.5m | 2,228 | 0% |
| 16 | Dubai Properties Group | 24 | 2 | AED 29.7m | 997 | 0% |
| 17 | Damac Properties | 24 | 2 | AED 28.3m | 2,075 | 0% |
| 18 | Orion Real Estate Development | 20 | 1 | AED 43.7m | 1,794 | 100% |
| 19 | Deyaar Development | 15 | 2 | AED 13.7m | 1,121 | 0% |
| 20 | Dar Al Arkan / Dar Global | 14 | 1 | AED 45.0m | 2,160 | 100% |
| 21 | Damac Star Properties / DAMAC Properties | 13 | 1 | AED 23.4m | 1,491 | 0% |
| 22 | Invest Group Overseas, part of MAG Group | 12 | 1 | AED 14.9m | 1,817 | 100% |
| 23 | MAG Group | 11 | 1 | AED 11.0m | 2,270 | 0% |
| 24 | EMIRATES NATIONAL INVESTMENT CO | 10 | 1 | AED 13.2m | 1,176 | 0% |
| 25 | Danube Properties | 10 | 1 | AED 8.9m | 1,834 | 0% |
| 26 | SOL Properties Development LLC | 9 | 1 | AED 12.6m | 1,899 | 0% |
| 27 | Arabian Gulf Properties | 8 | 1 | AED 7.0m | 1,541 | 12% |
| 28 | Tanmiyat Global / Tanmiyat Group | 7 | 1 | AED 6.0m | 1,735 | 0% |
| 29 | Rose Homes Investment | 7 | 1 | AED 4.6m | 996 | 0% |
| 30 | Bando Engineering | 6 | 1 | AED 8.2m | 1,063 | 0% |
| 31 | Al Madar Holdings | 5 | 1 | AED 3.7m | 1,157 | 0% |
| 32 | R.Evolution | 3 | 1 | AED 50.2m | 3,792 | 100% |
| 33 | DarGlobal | 3 | 1 | AED 10.3m | 2,770 | 100% |
| 34 | Markaz | 3 | 1 | AED 5.7m | 1,510 | 0% |
| 35 | Kasco Developments, per two guide pages | 3 | 1 | AED 5.2m | 1,396 | 0% |
| 36 | Xtreme Vision | 1 | 1 | AED 19.0m | 3,763 | 0% |
Largest sales
The 10 highest prices in Q1 2024.
| Tower or project | Home | Price | AED per sq ft | Date | Type |
|---|---|---|---|---|---|
| The Vela Dorchester Collection | Apartment, 4 bed | AED 61.7m | 7,291 | 19 Jan | Off-plan |
| The Vela Dorchester Collection | Apartment, 3 bed | AED 48.4m | 8,001 | 17 Jan | Off-plan |
| The Vela Dorchester Collection | Apartment, 3 bed | AED 44.2m | 7,316 | 17 Jan | Off-plan |
| The Vela Dorchester Collection | Apartment, 3 bed | AED 39.7m | 6,248 | 19 Jan | Off-plan |
| The Vela Dorchester Collection | Apartment, 3 bed | AED 39.2m | 6,214 | 19 Jan | Off-plan |
| The Vela Dorchester Collection | Apartment, 3 bed | AED 38.2m | 6,004 | 19 Jan | Off-plan |
| The Vela Dorchester Collection | Apartment, 3 bed | AED 37.5m | 5,889 | 19 Jan | Off-plan |
| The Vela Dorchester Collection | Apartment, 3 bed | AED 36.0m | 5,713 | 17 Jan | Off-plan |
| The Vela Dorchester Collection | Apartment, 3 bed | AED 33.6m | 5,276 | 17 Jan | Off-plan |
| The Vela Dorchester Collection | Apartment, 3 bed | AED 31.5m | 7,396 | 1 Mar | Off-plan |
How these figures are made
Source: our record of unit sales registered in Dubai, read to 13 October 2026. A sale is counted on its registered date.
Left out: land, whole buildings and bulk transactions. AED per sq ft is the median of the sales with a size.
Before 24 September 2026 our record holds about 84% of sales, so a figure before that date reads low and a change across that date reads high.