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Central 1, Business Bay

Apartments with three bedrooms and three bathrooms

AED 879 K Starting price
Ready Handover
Central 1, Business Bay

Buy a Three-Bedroom Apartment in Central 1, Business Bay

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 879,000
Location Business Bay
Handover Ready
Living Area 1,270 sq. ft. - 1,562 sq. ft.
Bedrooms 3 BR
ROI ~8%
Apartments

Central 1 is a completed 18-storey residential building of three-bedroom apartments, with reported facilities including a swimming pool, gym, park and children's play area.

Construction of this mid-rise address began in 2019 and was completed by November 2024. Rimal Engineering Consultant served as architectural consultant, while Dutch Foundation Company carried out the foundation works. The 18-storey residential building also has one basement parking level. Central 1 is documented exclusively with family-sized three-bedroom apartments rather than the studios and smaller apartments common across Business Bay. Covered areas range from roughly 1,270 sq ft to 1,562 sq ft, and the available configurations pair three bedrooms with three bathrooms. Buyers can inspect the completed apartments and assess each owner's finishes, as no standard schedule of materials, palettes or branded fittings is confirmed. Reported facilities include a swimming pool, gym, park and children's play area. Beyond the building, residents have access to the Dubai Water Canal walkways, Bay Avenue retail and road links via Sheikh Zayed Road and Al Khail Road. The practical proposition is a ready apartment with substantial floor area in a central business district.

Central 1
About Central 1

Overview of Central 1

Central 1 combines ready three-bedroom apartments with family-sized floor areas in Business Bay, where the current average asking price is AED 2,359 per sq ft.

6%

Average ROI

8%

Maximum ROI

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Community

Business Bay is Dubai's secondary central business district, lined with high-rise towers, hotels and offices beside the Dubai Water Canal. Sheikh Zayed Road separates it from Downtown Dubai, while Al Khail Road runs along its western edge. The district attracts young expatriate professionals, couples and families, alongside short-stay visitors using furnished apartments. With Business Bay nearing 95% build-out, canal-front addresses benefit from increasingly limited new supply.

Daily needs are covered by Choithrams, Spinneys, Carrefour Market and West Zone, while Bay Avenue offers cafés, pharmacies, salons and fitness facilities. Clinics operate within the district, and Mediclinic City Hospital in Dubai Healthcare City is about 10 min away. Nearby schools include Jumeirah English Speaking School, Hartland International School and Jumeira Baccalaureate School, with local nursery options. Dubai Mall is 6 min away by car and Dubai International Airport takes 12 minutes.

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Interior

Generous floor area shapes the interiors more clearly than any documented design theme. The three-bedroom apartments cover roughly 1,270 sq ft to 1,562 sq ft and include three bathrooms. As the building is complete, buyers can assess the light, atmosphere and spatial arrangement of a particular apartment during a viewing rather than relying on renderings.

Central 1 was completed in November 2024, allowing buyers to inspect kitchens, bathrooms and living areas before making an offer. No standard schedule of materials, colour palettes or branded fittings is confirmed for the building. Finishes may therefore differ between apartments, particularly where owners have already occupied, let or maintained them. A viewing remains the clearest way to assess cabinetry, surfaces, sanitaryware and the condition of a specific apartment.

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Infrastructure

Bay Avenue is the everyday dining and retail anchor, bringing cafés, a pharmacy, salons and a gym into one low-rise strip. Choithrams, Spinneys, Carrefour Market and West Zone serve the weekly shop from nearby tower clusters. For evenings out, Business Bay offers ROKA at The Opus, Prime68, Fi'lia, Couqley French Brasserie, The MAINE Land Brasserie and Honeycomb Hi-Fi. More restaurants and terraces line Bay Square and Marasi Drive.

Dubai Mall is 6 min away by car, while Al Habtoor City adds theatre, hotel dining and waterfront venues nearby. Business Bay has GP clinics, specialist centres and pharmacies; Mediclinic City Hospital in Dubai Healthcare City is about 10 minutes away. The district is served by metro and readily available taxis. RTA water taxis and ferries also connect Business Bay with Dubai Marina and the historic creek area. Burj Al Arab takes 12 min by car and Palm Jumeirah 16 minutes.

Overview

Curious what Central 1 could return for you?

Amenities of Central 1

Reported on-site facilities include recreation areas and practical features for residents of the completed building.

Swimming pool

Swimming pool

Fitted gymnasium

Fitted gymnasium

Landscaped park

Landscaped park

Children's play area
Basement parking level
Three-bedroom family apartments
Three bathrooms per apartment
18-storey residential building
Business Bay canal-side district location
Metro station within the district
Bay Avenue retail nearby
Water taxi and ferry links

Gallery Central 1

Gallery

About Our Approach to Work — Alcenza

At Alcenza Properties, we present the best properties in Dubai, whether for permanent residence or investment. Our team handles every aspect of the process, including transactions, documentation, legal issues, and logistics. This ensures you can focus on your daily life without wasting time on organizational matters.

Step 1.

Initial
Consultation

Our agent will arrange a personal meeting or discuss everything in a format that suits you best. During this consultation, you will outline your goals, be it residence, investment, visa acquisition, or other needs. We will provide you with the most optimal solutions.

Step 2.

Finding the Best Property

Based on your budget and investment goals, we will present a selection of real estate options, including off-plan, primary, and secondary market properties. We will handle all communication with a developer or private owner.

Step 3.

Communication With a Seller

We act as the liaison between you and the seller. From verifying documentation to organizing meetings and monitoring every stage of the transaction, we manage the whole process.

Step 4.

Legal Documentation and Management

Our team ensures the smooth and transparent transfer of property rights through the Dubai Land Department (DLD). We assist with visa applications and offer property management services.

15+
With extensive expertise in the UAE and European real estate markets, we are ready to offer you the most profitable solutions. We guarantee transparency and security at every stage of your transaction.
30%+ Profit From Resale
Our clients have achieved profits of up to 30% within just two years by reselling properties with our guidance.
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Central 1
About Us

Economic Attractiveness

Central 1 benefits from Business Bay's active market, while Rimal Engineering Consultant and Dutch Foundation Company provide a documented delivery team.

Get Full Investment Details

ROI ~8%

Business Bay supports demand from corporate tenants, professionals and families, helped by its offices, hotels and access to the DIFC corridor. District rental rates rose 5.91% in the first half of 2025, while canal-front supply is becoming more limited as the area approaches full build-out. Metro access, taxis, water taxis and ferries broaden commuting options. Central 1 adds the practical benefit of being complete, so buyers can inspect an apartment before purchase and offer it for rent without construction-stage risk. Its exclusively documented three-bedroom stock also targets a less common segment of the local apartment market.

Central 1 resale prices are set by individual listings, with no confirmed project-wide starting price. Across Business Bay, three-bedroom apartments start above AED 3 million. The district is a freehold zone, allowing foreign nationals to own apartments subject to the 4% DLD transfer fee.

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For Rent

Central 1 has an established rental market for three-bedroom apartments. Across 25 current listings, asking rents start at AED 159,999 per year. A larger 1,552 sq ft example is offered at AED 240,000 per year, and around 111 rental listings are tracked under the building's name. Because no project sale price is confirmed, yield is estimated from Business Bay, where gross rental yields are 6% to 8%. Corporate tenants and families form the core audience for these larger apartments.

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For Living

With 1,270 sq ft to 1,562 sq ft and three bathrooms, Central 1's three-bedroom apartments offer more room than much of Business Bay's compact stock. The completed building lets buyers inspect each apartment's finishes before committing. Canal promenades, Bay Avenue, clinics and supermarkets support daily life, while Dubai Mall is 6 minutes away by car. Nurseries operate locally, and schools in Al Safa, Al Wasl and Sobha Hartland are a short drive away.

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For Resale

Resale appeal rests on Central 1's larger apartments and limited documented unit mix. The building offers three-bedroom apartments, a thinner segment than the studios and one-bedroom stock common across Business Bay. Future sellers can therefore target families and corporate buyers seeking more space. The district's high transaction activity and near-complete build-out add a supportive market backdrop, while the building's ready status removes uncertainty over delivery.

UAE Golden Visa

Residence Visa

When purchasing a property from AED 2M (USD 545K), you can apply for a 10-year Golden Visa. This visa is renewed as long as you maintain ownership of the property.

Visa for Your Family

Your family members, including your spouse and children, can also get a Golden Visa. Once you receive a residence visa, you can continue your studies in the UAE, enjoy tax benefits, and conduct business in the country.

passport

Location of Central 1 in Business Bay

Central 1 stands in Business Bay beside Downtown Dubai. By car, Dubai Mall is 6 min away, Burj Al Arab takes 12 minutes and Dubai International Airport takes 12 minutes.

Sheikh Zayed Road provides access toward Downtown Dubai and the coast, while Al Khail Road serves routes across the city. Palm Jumeirah is 16 minutes away by car and The Walk at JBR about 20 minutes, with marina dining and beach destinations along the same side of Dubai.
Dubai International Airport is 12 min away by car, while Al Maktoum International Airport takes roughly 39 minutes. Business Bay Metro Station is 4 minutes away, and taxis operate throughout the district. RTA water taxis and ferries provide further links to Dubai Marina and the historic creek area.

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Map → Location of Central 1 in Business Bay Icon Map PIN

Sights & Attractions

Dubai Mall

icon 4 min

Burj Al Arab

12 min

Palm Jumeirah

16 min

Healthcare facilities

Aster Clinic

icon 5 min

Emirates Hospital Clinic

4 min

Mediclinic City Hospital

11 min

Educational institutions

JESS

icon 5 min

Hartland International School

7 min

Jumeira Baccalaureate School

9 min

Transportation

DXB Airport

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Business Bay Metro

4 min

Burj Khalifa/Dubai Mall Metro

4 min

General FAQs

Below are the questions buyers and tenants ask most often about this Business Bay building: pricing, ownership, living conditions and rental performance. If something you need is missing, our advisers can talk you through the specifics of individual apartments.

Ask a Question

What does an apartment in Business Bay cost on average?

Current asking prices across Business Bay average AED 2,359 per sq ft. Apartment transaction values in the district averaged roughly AED 1.5 million to AED 1.55 million during 2025–2026, although prices vary by tower, floor and view. Current district listings include studios from AED 415,500, while three-bedroom apartments like those in Central 1 start above AED 3 million. Central 1 itself has no confirmed project-wide sale price, so buyers should compare the price and condition of each resale apartment individually.

Is Business Bay a good area to live in?

Business Bay suits residents who prefer an active city setting. The district follows the Dubai Water Canal beside Downtown Dubai, combining high-rise apartments with hotels, offices and waterfront walkways. Supermarkets operate among the tower clusters, while Bay Avenue provides cafés, pharmacies and fitness facilities. Clinics and nurseries are available locally. Schools sit outside the district, with established options in Al Safa, Al Wasl and Sobha Hartland reached by car. The area attracts professionals, couples and families as well as investors.

What are the Central 1 payment plan and purchase terms?

Central 1 is ready, so purchases follow standard resale terms rather than a developer instalment schedule. Buyers can pay in cash or use mortgage finance, and no current post-handover payment plan is confirmed. The 4% DLD transfer fee applies to the property value, while agency fees are typically about 2%. Business Bay service charges generally range from AED 12 to AED 25 per sq ft each year, depending on the building and the facilities maintained.

What size are the apartments in Central 1?

Central 1 is documented with three-bedroom apartments only. Covered areas range from about 1,270 sq ft to 1,562 sq ft, while the smallest apartment among 25 current rental listings measures 1,396 sq ft. Available configurations pair three bedrooms with three bathrooms. Studios and apartments with one, two or four bedrooms are not confirmed for the building. Buyers should verify the precise internal area, balcony allocation and room arrangement for the individual apartment they are considering.

How much rental income can an owner expect here?

Current asking rents at Central 1 start at AED 159,999 per year for a three-bedroom apartment across 25 listings. A larger example of about 1,552 sq ft is offered at AED 240,000 per year, while around 111 rental listings are tracked under the building's name. No project-specific sale price is confirmed, so a building-level yield cannot be calculated reliably. As context, gross rental yields across Business Bay range from 6% to 8%, and district rents rose 5.91% in the first half of 2025.

Who built Central 1 and when was it completed?

Construction began in 2019, and the 18-storey building was completed by November 2024. Rimal Engineering Consultant served as architectural consultant, while Dutch Foundation Company carried out the foundation works. One basement level is used for parking. The developer's identity is not confirmed, so no wider developer track record can be attributed to Central 1. The building itself is ready, occupied and available for immediate use or letting, giving buyers a completed property to inspect before purchase.

Can foreign nationals buy an apartment in this building?

Yes. Business Bay is a designated freehold zone, so buyers of any nationality can acquire full ownership of an apartment without a local partner. A standard resale transaction involves the sale agreement, the required no-objection documentation and registration with the Dubai Land Department. The 4% DLD transfer fee applies, and agency fees are typically about 2%. Because Central 1 is complete, the apartment transfers through the resale registration process rather than after a future construction period.

What amenities and facilities do residents have access to?

Reported facilities at Central 1 include a swimming pool, gym, park and children's play area, while one basement level provides parking. The complete building-wide amenity schedule and concierge arrangements are not confirmed, so buyers and tenants should check access and operating conditions during a viewing. Around the building, Business Bay adds canal-side promenades, Bay Avenue cafés and fitness facilities, supermarkets in nearby podiums and a broad dining selection. These neighbourhood options complement the building's recreational spaces and practical parking provision.
FAQs

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Central 1
Amirans Kavtaradze

List by

Amirans Kavtaradze

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Central 1

Starting Price AED 879 K

Handover Ready