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Park Lane Tower
by IAH Project

Studios, one bedroom residences, offices and hotel suites

AED 465 K Starting price
Ready Handover
Park Lane Towerby IAH Project

Buy Studio in Park Lane Tower by IAH Project, Business Bay, Dubai

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 465,000
Location Business Bay
Developer IAH Project Development
Handover Ready
Bedrooms Studios - 1 BR
ROI 7%
Apartments

There are apartments for sale in Park Lane Tower, a ready 37-floor mixed-use tower in Business Bay combining compact studios, fitted offices and the five-star Tamani Hotel with its pools, spas, gym and dining.

The 150-metre tower rises 37 floors above Business Bay. Commercial space occupies floors 1 to 17, while the 200-room Tamani Hotel runs from floors 19 to 33; the building contains 208 units overall. Residences and suites share the West Wing with deluxe rooms and junior suites, while the East Wing is reserved for offices. Carlos Ott Architect served as architectural consultant on a scheme first conceived with Terry Farrell and Partners. Its profile reads as a sculpted slab rather than a standard curtain-wall block. Residential stock is deliberately limited. The confirmed studio measures 304 sq ft and includes a living area, open-plan kitchen, one bathroom and a balcony. Portal plan archives also record a one bedroom type. Park Lane Tower prices start at AED 465,000 for a studio, and current asking listings average AED 1,303 per sq ft. Twelve high-speed lifts connect the floors. Two basement levels provide 200 parking spaces and valet service, while upper-floor windows look towards Downtown Dubai and the neighbouring Burj Khalifa.

Park Lane Tower
About Park Lane Tower by IAH Project

Overview of Park Lane Tower by IAH Project

Among apartments for sale in Business Bay, Dubai, Park Lane Tower combines a central address beside the Burj Khalifa with hotel services and a comparatively accessible studio price.

7%

Average ROI

9%

Maximum ROI

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Community

Business Bay is a dense commercial and residential district of more than 240 towers immediately south of Downtown Dubai. Sheikh Zayed Road separates the two areas, while the Dubai Water Canal runs through the neighbourhood and Al Khail Road marks its western edge. Offices, waterfront promenades and residential lobbies share the same streets. Walkable pockets cluster around the canal, Bay Avenue and Bay Square. The area attracts nearby professionals, executives and tech workers, along with couples, centrally minded families and investors.

Schools are outside the district boundaries but within a short drive. Options include Jumeirah English Speaking School Al Safa, GEMS Jumeirah Primary School, Hartland International School and Jumeira Baccalaureate School. Blossom, Learning Tree, Numu and Maple Bear nurseries are closer. Business Bay has clinics and pharmacies, while Mediclinic City Hospital in Dubai Healthcare City is 10 min away by car. Choithrams, Spinneys, Carrefour Market and West Zone serve everyday shopping. Dubai International Airport is an 11 min drive.

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Interior

Living spaces follow hotel logic rather than showroom drama, with neutral surfaces and uncluttered lines. Daylight can reach across the compact plan. At 304 sq ft, the studio is tighter than many studios for sale in Business Bay. Its living zone, open-style kitchen and bathroom form one continuous volume, while the balcony extends the usable space. Views towards Downtown Dubai shape the evening atmosphere, supported by ceiling and task lighting.

The open-plan kitchen places counters and cabinetry along one wall, keeping the cooking zone connected to the living area. The single bathroom is fully tiled. Office floors provide another indication of the tower's finish standards: units are available fully fitted, as shell and core, or partitioned. Published office specifications include reception areas, managers' offices and conference rooms. High-speed internet is wired throughout the building.

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Infrastructure

Dining starts inside the building, where the Tamani Hotel operates restaurants and other outlets. An on-site business centre serves residents and office tenants. Bay Avenue Mall is six minutes away by car and brings together cafés, casual restaurants, a supermarket and Bay Avenue Mosque. Choithrams, Spinneys, Carrefour Market and West Zone Supermarket cover groceries across the district. The nearby Dubai Water Canal promenade adds waterfront terraces for breakfast or an evening walk.

Dubai Mall is four minutes away by car, with Dubai Opera and the fountain plaza nearby. The Executive Towers Plaza handles quicker errands. Pharmacies, GP clinics and specialist centres operate across Business Bay; Mediclinic City Hospital is a 10-minute drive. The Lillian Tower bus stop is one minute away on foot, and Business Bay Metro Station is a 13-minute walk. Sheikh Zayed Road is also reachable within minutes.

Overview

Curious how Park Lane Tower performs as an income asset?

Amenities of Park Lane Tower by IAH Project

Facilities in the tower are run to five-star hotel standard, with the Tamani Hotel's leisure infrastructure available in the same building.

Two swimming pools

Two swimming pools

Fully equipped gym

Fully equipped gym

Separate spa for women

Separate spa for women

Separate spa for men
Restaurants and dining outlets
On-site business centre
Concierge service
Five-star Tamani Hotel services
12 high-speed elevators
Two basement parking levels
200 parking spaces
Valet parking service
High-speed internet throughout

Gallery Park Lane Tower by IAH Project

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.

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Park Lane Tower
About Us

Economic Attractiveness

Liquidity rests on two names inside one building: the five-star Tamani Hotel operation above and IAH Project Development, which completed and manages the tower.

Get Full Investment Details

922 K 19%

Median price (AED)

1,940 23%

Median price per sqft (AED)

42 -48%

Transactions

Source: Data taken from DXB for the last year, overview Park Lane Tower by IAH Project Development

ROI 7%

Investment demand draws on several factors. Business Bay recorded more than 11,600 property transactions in the 12 months to April 2026, up 14.3% year on year. Buyers pay a 4% DLD transfer fee, while agency costs are typically around 2%. Inside Park Lane Tower, pools, spas, a gym, restaurants, concierge service, a business centre and valet parking support office lettings and professional tenancies. The Burj Khalifa and Armani Hotel are next door, with DIFC and Dubai Mall nearby. A bus stop is one minute from the lobby, and the metro is accessible on foot. As the tower is Ready, purchases proceed by cash or mortgage without a construction wait.

Studios start at AED 465,000, and current asking listings in the tower average AED 1,303 per sq ft. Offices are marketed from AED 650,000 as an indicative broker figure. Business Bay is a designated freehold zone, allowing foreign buyers to own units outright.

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For Rent

Commercial units provide the clearest project-level rental evidence, with office asking rents reaching AED 231,000 a year and reported gross yields of 7–9%. Residential landlords must instead use the wider market for apartments for rent in Business Bay, Dubai, where the all-apartment average is about AED 128,021 a year. No current studio rent is verified within Park Lane Tower itself, so residential income should be modelled against comparable district stock and the unit's exact purchase price.

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For Living

Residents live in the same building as a five-star hotel. Two pools, separate spas, a gym, restaurants and concierge service are all on site, while valet parking and twelve high-speed lifts ease daily routines. The 304 sq ft studio suits one professional or a city pied-à-terre. Its open kitchen and balcony keep the compact plan practical. Beyond the lobby, the area offers canal promenades, Bay Avenue, clinics, supermarkets and coworking spaces, with Downtown Dubai just to the north.

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For Resale

Resale buyers acquire a completed asset rather than taking construction risk. Park Lane Tower has been Ready since March 2016, so a purchased unit can enter the rental market without a handover wait. Business Bay recorded more than 11,600 property transactions in the 12 months to April 2026, up 14.3% year on year. That depth of activity supports an active exit market, while the AED 465,000 studio entry point broadens the potential buyer pool.

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

Developer of Park Lane Tower

IAH Project Development is a Dubai-based development and project management company known for rescuing and completing stalled schemes.

Founder Eng. Imad Hassan serves as Chairman and CEO from the company's Dubai base. IAH works across residential, commercial and mixed-use development and manages projects delivered through The Developer Properties LLC. Its record includes completing Park Lane Tower in March 2016 and Artisan Cluster in February 2017 after both were launched by KM Properties. The company also issues quarterly progress reports to current investors.

Location Park Lane Tower by IAH Project

The tower stands in the northern part of Business Bay, directly adjacent to the Burj Khalifa and the Armani Hotel, with Downtown Dubai, DIFC, Dubai Mall and the Dubai Water Canal promenade all inside a five-minute radius.

Sheikh Zayed Road and Al Khail Road provide the main driving links. Bay Avenue Mall is six minutes away, while Dubai Mall takes four minutes by car. Longer leisure trips reach Burj Al Arab in roughly 19 minutes, Palm Jumeirah in 21 minutes and The Walk at JBR in about 24 minutes.

Public transport begins at the doorstep. Lillian Tower bus stop is a one-minute walk, and Business Bay Metro Station on the Red Line is 13 minutes away on foot; a water taxi also serves the canal. By car, Dubai International Airport takes 11 minutes and Al Maktoum International takes 33 min.

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Map → Location Park Lane Tower by IAH Project Icon Map PIN

Sights & Attractions

Bay Avenue Mall

icon 6 min

Burj Khalifa

6 min

Dubai Mall

4 min

Healthcare facilities

Aster Clinic

icon 6 min

Emirates Hospital Clinic

3 min

Mediclinic City Hospital

10 min

Educational institutions

Blossom Nursery

icon 4 min

Jumeira Baccalaureate School

8 min

GEMS Jumeirah Primary School

7 min

Transportation

Lillian Tower Bus Stop

icon 1 min

Business Bay Metro Station

3 min

Dubai International Airport

11 min

FAQ

Below are the questions buyers, tenants and investors ask most often about this Business Bay tower. If something you need is not covered here, our advisers can walk you through prices, layouts and available units.

Ask a Question

Where exactly is Park Lane Tower located?

Park Lane Tower stands in northern Business Bay beside the Burj Khalifa and Armani Hotel. Downtown Dubai, DIFC, Dubai Mall and the Dubai Water Canal promenade are nearby, while Sheikh Zayed Road provides quick access across the city. Bay Avenue Mall is six minutes away by car. Lillian Tower bus stop is a one-minute walk from the entrance, and Business Bay Metro Station is 13 minutes away on foot. Dubai International Airport takes 11 min by car.

Which Park Lane Tower floor plans are available?

Residential stock is narrow by design. The confirmed apartment layout is a 304 sq ft studio with a living area, open-style kitchen, one bathroom and a balcony, and portal plan archives also record a single one bedroom type with one bathroom. On the commercial side, freehold office units are published in a 538–990 sq ft range, offered fully fitted, as shell and core, or partitioned. Live asking listings currently show studios from 359 sq ft. Hotel suites, deluxe rooms and junior suites occupy the rest of the West Wing.

Is the project ready, and how does a purchase work?

Park Lane Tower was completed in March 2016 and is ready to move in, listed as such on the portals. Since handover happened years ago, buying here is a standard ready-property transaction rather than a developer instalment schedule: purchases proceed on a cash or mortgage basis, with the 4% Dubai Land Department transfer fee and an agency fee of about 2% applying. Annual service charges in Business Bay generally run between AED 12 and AED 25 per sq ft, depending on the building and the unit.

What is the starting price in Park Lane Tower?

Current asking listings put the entry point at AED 465,000 for a studio, with the average across live listings in the tower at AED 1,303 per sq ft. Office space is marketed from AED 650,000, an indicative broker figure rather than a registered transaction. For context, Dubai Land Department sales history for the building averages around AED 1,711 per sq ft, and about AED 2,355 per sq ft on the office side — past transactions, not today's asking level.

Can foreigners buy an apartment in the building?

Yes. Business Bay is a designated freehold zone, so buyers of any nationality can own a unit outright, including the land title associated with it, with no local partner required. Residential purchases in the UAE do not attract the 5% VAT that applies to commercial transactions. A purchase priced above AED 2 million also qualifies the buyer for the 10-year UAE Golden Visa, worth factoring in when comparing a studio here with larger stock elsewhere in the district.

What amenities do residents and tenants get?

The five-star Tamani Hotel occupies floors 19 to 33 with 200 rooms, and its infrastructure serves the building: two swimming pools, separate spas for men and women, a fully equipped gym, restaurants and dining outlets, and concierge service. A business centre operates on site, useful for the professional tenant base. Twelve high-speed elevators, two basement parking levels holding 200 spaces and a valet service handle the practical logistics. Office floors add conference rooms, reception areas and high-speed internet.

What rental income can an owner expect here?

The clearest project-level evidence comes from the commercial floors: office units in the tower let between AED 55,000 and AED 231,000 a year and return a gross yield of 7–9%, above the 6–8% band typical of Business Bay. No annual rent has been registered for a studio in the building, so residential income is best modelled on district benchmarks — studio asking rents in Business Bay start at AED 41,900 a year, and the average across all apartment types sits near AED 128,021.

Who built Park Lane Tower and can the developer be trusted?

The tower was delivered by IAH Project Development, led by founder Eng. Imad Hassan as Chairman and CEO, working through The Developer Properties LLC. Completing stalled schemes is the company's specialism: this project was announced in 2006, began on site in 2007, paused in 2012 and restarted in 2015 before completion in March 2016. The same team finished the Artisan Cluster in Business Bay in February 2017, and quarterly progress reports go to all current investors.

Are there schools and clinics nearby for families?

No school sits inside the Business Bay boundaries, but several well-regarded options are a short drive out, covering British, American and IB curricula: Jumeirah English Speaking School Al Safa, GEMS Jumeirah Primary School, Hartland International School in Sobha Hartland and Jumeira Baccalaureate School on Al Wasl Road. Nurseries including Blossom, Learning Tree, Numu and Maple Bear operate closer in. Pharmacies, GP surgeries and specialist centres are within the district, with Mediclinic City Hospital about 10 minutes away.

What is living in Business Bay actually like?

Expect a dense canal-side district of more than 240 towers immediately south of Downtown Dubai, separated from it only by Sheikh Zayed Road. Corporate floors and residential lobbies share the same blocks, and walkable pockets have formed around the Dubai Water Canal, Bay Avenue and Bay Square. Residents skew younger than the city average — professionals working nearby, executives and analysts — with couples and centrally minded families in the larger units. Supermarkets, coworking spaces and dining are all within the district.
FAQ

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Park Lane Tower
Amirans Kavtaradze

List by

Amirans Kavtaradze

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Park Lane Tower

Starting Price AED 465 K

Handover Ready