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The First Collection Waterfront
by The First Group

Deluxe and premier rooms, executive suites, accessible rooms

AED 415 K Starting price
Ready Handover
The First Collection Waterfrontby The First Group

Buy Hotel Apartments in The First Collection Waterfront, Business Bay, Dubai

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 415,000
Location Business Bay
Developer The First Group
Handover Ready
Living Area 344 sq. ft. - 624 sq. ft.
Total amount of units 327
ROI ~7%
Apartments

A 22-storey hotel-apartment tower on the Dubai Water Canal with 327 rooms and apartments, a rooftop pool, spa, gym and four dining venues, operating under Marriott's Tribute Portfolio.

The 22-storey tower rises on Marasi Drive beside the canal boardwalk, with two basement parking levels below. Its 327 rooms and apartments fall into four hospitality categories rather than conventional residential layouts. Deluxe rooms measure 344 sq ft, executive suites 377 sq ft and premier rooms 624 sq ft; accessible rooms complete the mix. Each space is fully fitted and furnished to hotel standards, with glazing framing the canal and city. The First Group’s hotel-unit-ownership model places individual properties within a professionally managed hospitality operation. Since December 2025, the building has traded as The First Collection Waterfront, Dubai, A Tribute Portfolio Hotel, supported by Marriott’s distribution and loyalty systems. On-site facilities include a rooftop pool overlooking the Burj Khalifa and canal, a spa, gym and four dining venues. These comprise an all-day restaurant, an Asian restaurant, Risen Café & Artisanal Bakery and canal-facing Local. International Green Key certification also guides day-to-day operations in line with Dubai’s Net Zero 2050 vision.

The First Collection Waterfront
About The First Collection Waterfront

Overview of The First Collection Waterfront

Buying an apartment in Business Bay usually means managing a tenancy yourself. This canal-front tower works the other way round: a branded hotel-room unit run by an operator, with hospitality income and full hotel service attached.

6%

Average ROI

8%

Maximum ROI

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Community

Business Bay begins where Downtown Dubai ends, separated by Sheikh Zayed Road, and follows the Dubai Water Canal southwards. Al Khail Road borders its western side. Conceived by Dubai Properties as a commercial hub, the district now covers more than 80 million sq ft and has over 240 towers. Residential high-rises stand alongside Grade A offices such as The Opus, The Exchange, The Burlington and Iris Bay. Young professionals, expatriates and couples are drawn to the canal promenade, local parks and busy restaurant scene.

Bay Avenue provides local shops, restaurants, clinics and nurseries. Emirates Hospitals Clinics and Aster Clinic cover routine care, while Mediclinic City Hospital is 11 minutes away by car. Business Bay has no schools within its boundaries: JESS Al Safa is a 2-minute drive and GEMS Jumeirah Primary School takes 7 minutes, with other schools in adjacent communities. Downtown Dubai and DIFC are close, and Dubai International Airport is 13 minutes away by car.

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Interior

Interiors follow a hospitality design language rather than a residential one. Rooms arrive as complete environments in which furniture, lighting and soft finishes are specified as a single package, so an owner has nothing left to choose. Glazing carries the canal and city outlook deep into each room. Layered lighting — ambient, task and bedside — lets the same space work as a weekday base by day and read as a quiet retreat after dark. The mood is contemporary and restrained, tuned to guests staying a night or a season.

The room categories differ mainly in footprint: 344 sq ft for a deluxe room, 377 sq ft for an executive suite and 624 sq ft for a premier room. Accessible rooms complete the four-category inventory. Bathrooms, bedding and in-room amenities follow Marriott Tribute Portfolio requirements, as do servicing and replacement cycles across all 327 rooms and apartments. Green Key certification adds environmental standards to the way these interiors are maintained.

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Infrastructure

Four dining venues operate inside the building. They include an all-day restaurant, an Asian restaurant, Risen Café & Artisanal Bakery for coffee and pastries, and canal-facing Local. Outside, the Marasi Drive boardwalk joins the canal promenade and its long run of cafés and restaurants. Bay Avenue supplies everyday retail, pharmacies, salons and fitness studios within a short walk or drive. Guests also have access to Soluna restaurants and beach club on The Palm, with regular transport provided.

Larger shopping and leisure destinations sit nearby rather than on site. Dubai Mall, City Walk, DIFC and Downtown Dubai are all close, with Downtown under five minutes away by car and DIFC about seven. Aster Clinic and Emirates Hospitals Clinics handle routine medical needs; Mediclinic City Hospital is 11 min away. Business Bay Metro Station, RTA buses, Sheikh Zayed Road and Al Khail Road provide onward connections, while the airport is 13 minutes away. Two basement levels provide free private parking.

Overview

Considering a branded canal-front asset in Dubai?

Amenities of The First Collection Waterfront by The First Group

Facilities run to hotel standard here, from the rooftop pool down to the concierge desk and the canal-facing dining line-up.

Rooftop pool with Burj Khalifa views

Rooftop pool with Burj Khalifa views

Well-equipped gym

Well-equipped gym

Risen Café & Artisanal Bakery

Risen Café & Artisanal Bakery

Canal outlook from the roof
Spa for residents and guests
All-day dining venue
Asian restaurant
Local, canal-facing restaurant
Soluna beach club access, The Palm
Regular transport to The Palm
24-hour front desk
Concierge service
Free two-level basement parking
Currency exchange for guests

Gallery The First Collection Waterfront

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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The First Collection Waterfront
About Us

Economic Attractiveness

Liquidity rests on two names: The First Group as developer and operator through TFG Hospitality, and Marriott, whose Tribute Portfolio flag the tower has carried since December 2025.

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ROI ~7%

Several factors support the investment case. Canal frontage on Marasi Drive gives the tower a distinctive outlook, while the rooftop pool frames the Burj Khalifa skyline. Round-the-clock hotel service removes much of the management burden associated with a directly let apartment. Downtown is under five minutes away, DIFC about seven minutes and Dubai International Airport 13 minutes by car. Business Bay Metro Station serves guests and tenants without cars. More than 11,600 Business Bay sales transactions closed over the past 12 months, up 14.3% year on year. As the hotel is complete and operational, acquisitions follow standard direct or resale terms rather than an off-plan payment plan.

Pricing at The First Collection Waterfront is negotiated directly with the seller, as no per-unit asking price is published for the operating tower. For context, apartments for sale in Business Bay currently start from AED 415,500 for a studio, against a district mean asking level of AED 2,331 per sq ft. The district is a designated freehold zone, so foreign nationals buy with full ownership rights.

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For Rent

No lease rents have been published for the tower, so Business Bay provides the income benchmark. Demand comes from professionals working locally and in Downtown and DIFC. Current district listings start at AED 41,900 a year for a studio, while a one-bedroom apartment averaged AED 95,000 a year in early 2026 reporting. Gross district yields range from 6% to 8%. RERA recorded Business Bay rent growth of 18.2% year on year in Q4 2025, the highest rate in Dubai.

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For Living

Living here means living in a hotel, with everything that implies: housekeeping, a 24-hour front desk, concierge, and four dining venues downstairs including Local at the canal edge. Rooms come fully finished at 344 sq ft, 377 sq ft or 624 sq ft depending on category, so nothing needs furnishing. Beyond the lobby, the promenade suits walking and cycling, Bay Avenue Park and the district's public park sit close by, and Downtown Dubai's attractions are a five-minute drive. Clinics and nurseries are in the district; schools mean a short car or bus journey to neighbouring communities.

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For Resale

Resale appeal comes from an operational hotel asset with canal frontage and Marriott distribution through the Tribute Portfolio brand. Business Bay prices rose by roughly 17.4% year on year through Q3 2025, providing positive district context where project-level resale records are unavailable. The building’s ready status removes construction risk, while freehold ownership keeps the potential buyer pool open to foreign purchasers.

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.

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Developer of The First Collection Waterfront

The First Group is a Dubai-headquartered hospitality real-estate developer that has been active in the market since 2005.

The First Group has been registered with the Dubai Land Department as Developer № 29 since September 2007 and holds Dubai Economic Department licence 583081. It is associated with 20 projects held directly or through SPV subsidiaries. Its portfolio includes the 82-storey Ciel Dubai Marina, with 1,004 rooms and suites, and Grand Millennium Business Bay, with 260 rooms and 43 suites. TFG Hospitality operates The First Collection Hotels.

Location The First Collection Waterfront by The First Group

The 22-storey tower stands on Marasi Drive, fronting the Dubai Water Canal boardwalk in Business Bay, with Dubai Mall, City Walk, DIFC and Downtown Dubai all close by.

Sheikh Zayed Road (E11) borders the district to the north, while Al Khail Road (E44) runs along its western side. Downtown Dubai is under five minutes away by car and DIFC about seven. The canal promenade, Bay Avenue Park and Burj Park are also close to the tower.
Dubai International Airport lies a 13 min drive away via Al Khail Road. Business Bay Metro Station on the Red Line covers rail journeys towards Downtown, DIFC and the wider network, and RTA buses serve the district's internal streets. Guests without a car can use concierge-arranged transport to the Soluna beach club on The Palm; free private parking sits on two basement levels.

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Map → Location The First Collection Waterfront by The First Group Icon Map PIN

Sights & Attractions

Burj Khalifa

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The Dubai Mall

7 min

Dubai Water Canal

6 min

Healthcare facilities

Aster Clinic

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Emirates Hospitals Clinics

6 min

Mediclinic City Hospital

11 min

Educational institutions

JESS Al Safa

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Blossom Nursery

6 min

GEMS Jumeirah Primary School

7 min

Transportation

DXB Airport

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Business Bay Metro

5 min

Burj Khalifa/Dubai Mall Metro

6 min

General FAQs

Below are the questions buyers ask most often about this canal-front tower, from its room count and location to how ownership and returns work. If something you need is not covered, our advisers are happy to talk it through.

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How many rooms are there at The First Collection Waterfront?

The tower holds 327 rooms and apartments across 22 storeys. Inventory is organised into four hospitality categories — deluxe rooms, premier rooms, executive suites and accessible rooms — rather than into conventional studio or multi-bedroom residential layouts. The structure follows the asset's nature: this is a hotel-apartment building, operating under Marriott's Tribute Portfolio since December 2025, in which individual units were historically sold to investors under The First Group's hotel-unit-ownership model. Parking occupies two basement levels beneath the building.

Where exactly is The First Collection Waterfront located?

The address is Marasi Drive, Business Bay, Dubai, directly on the Dubai Water Canal with frontage onto the canal boardwalk. Business Bay adjoins Downtown Dubai, separated only by Sheikh Zayed Road, which puts Downtown within a five-minute drive and DIFC around seven minutes away. Dubai Mall and City Walk are close by, Business Bay Metro Station on the Red Line serves the district, and Dubai International Airport is a 13 min drive using Al Khail Road.

What are the payment terms for The First Collection Waterfront?

The building is complete and trading, so no off-plan instalment schedule is attached to it. Acquisitions follow the terms of a direct or resale purchase, cash or mortgage, with the standard 4% Dubai Land Department transfer fee applying; residential purchases in the UAE do not carry the 5% VAT that commercial deals do. No current post-handover plan has been confirmed for the tower, and terms for any remaining investor unit are agreed directly with the seller.

How large are the rooms and suites?

Operator-published sizes give a deluxe room at 344 sq ft, an executive suite at 377 sq ft and a premier room at 624 sq ft. No size has been published for the accessible room category. Because the tower is a hospitality asset, these are room dimensions rather than residential floor plans, and each category arrives fully fitted and furnished to the operator's brand specification, so an owner has nothing further to specify.

Who is the developer behind the project?

The First Group, headquartered in Dubai and active since 2005, registered with the Dubai Land Department as Developer № 29 since September 2007. It is associated with 20 projects, held directly and through SPV subsidiaries. Its flagship is Ciel Dubai Marina, a Vignette Collection hotel of 1,004 rooms and suites across 82 floors that has won several International Property Awards, and it also holds the rebranded Grand Millennium Business Bay with 260 rooms and 43 suites.

What amenities does the building offer?

A rooftop pool is the centrepiece, taking in the Burj Khalifa on one side and the canal on the other. Below it sit a spa and a well-equipped gym. Dining covers an all-day venue, an Asian restaurant, Risen Café & Artisanal Bakery and Local, which faces the canal. Service runs to a 24-hour front desk, concierge and currency exchange, with free private parking on two basement levels. Access to the Soluna restaurants and beach club on The Palm is included, with regular transport laid on.

What kind of views can owners and guests expect?

The building's position on Marasi Drive places the Dubai Water Canal directly in front of it, so canal and boardwalk outlooks define the aspect. From the roof, the Burj Khalifa and the Downtown skyline enter the picture alongside the water, and generous glazing carries the view into the rooms themselves. Within Business Bay, canal-facing and high-floor stock commands stronger rents than inland-facing equivalents, which matters to anyone weighing income potential.

What returns does the surrounding market suggest?

No project-level yield has been published for this tower, so the reference point is the district. Gross rental yields across Business Bay run at 6% to 8%, supported by corporate tenant demand from Downtown, DIFC and the district's own Grade A offices. Rents in the community rose 18.2% year on year in the RERA Q4 2025 Rental Market Report, the steepest increase recorded in Dubai. More than 11,600 sales transactions closed in the district over the past 12 months, 14.3% above the previous year.

Can foreign nationals buy here, and does it qualify for a visa?

Business Bay is a designated freehold zone, so foreign nationals purchase with full ownership rights and no local partner requirement. A purchase above AED 2 million in the district qualifies the buyer for the UAE 10-year Golden Visa. Owners should also account for the 4% Dubai Land Department transfer fee at registration.

Is the area suitable for families with children?

Business Bay has no school within its boundaries, so families use cars or school buses to reach neighbouring communities. JESS Al Safa is 2 minutes away by car, while GEMS Jumeirah Primary School takes 7 minutes. Kings' School Dubai, Nord Anglia and Dubai College provide further options nearby. Local nurseries include Blossom, Learning Tree, Maple Bear, Kids Castle and Hummingbird. Bay Avenue Park, the public park, skate park and canal promenade provide outdoor space, while Mediclinic City Hospital is an 11-minute drive away.
FAQs

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The First Collection Waterfront
Amirans Kavtaradze

List by

Amirans Kavtaradze

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The First Collection Waterfront

Starting Price AED 415 K

Handover Ready