Business Bay Grand Residences
Business Bay
Developer: Damac
Current Price
AED 3,900
per sqft
Rental Yield
5.6%
Total Units
224
Floors
20
Year Completed
2019
Tier
PREMIUM
Investment Thesis
Business Bay grand tower with excellent 5.6% yields and corporate tenant appeal; metro proximity and central location drive demand.
Best For
- Yield maximizers
- Corporate buyers
- End-users
Tier Classification
Premium residential with good amenities, professional management and broad appeal.
12-Month Price History
2025-07
AED 3,880
2025-08
AED 3,853
2025-09
AED 3,847
2025-10
AED 3,863
2025-11
AED 3,896
2025-12
AED 3,936
2026-01
AED 3,973
2026-02
AED 3,997
2026-03
AED 4,001
2026-04
AED 3,983
2026-05
AED 3,947
2026-06
AED 3,900
Trend: Upward trend over past 12 months
Unit Mix
Studio
40
1 Bedroom
68
2 Bedroom
90
3 Bedroom
24
Penthouse
2
Recent Transactions
| Unit | BR | Area (sqft) | Price (AED) | Date |
|---|---|---|---|---|
| 2005 | 3 | 2,500 | AED 9,750,000 | 3/25/2026 |
| 1505 | 2 | 1,600 | AED 6,240,000 | 3/1/2026 |
Rental Yield & Annual Rent
Gross Rental Yield
5.6%
1BR Annual Rent
AED 165,000
2BR Annual Rent
AED 270,000
3BR Annual Rent
AED 375,000
Amenities
Business Bay view
Pool
Spa
Restaurant
Business center
Concierge
Fitness
Parking
Proximity & Access
Metro: Business Bay
2 min away
Airport: DXB
12 min away
Beach
10 min away
Downtown Dubai
8 min away
Pros
- Excellent 5.6% yields
- Metro-adjacent
- Corporate appeal
- Central location
Cons
- Less prestige than downtown
- Service charges trending up
- Market competition
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