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The First Collection
by The First Group

Studios and suites, individually owned hotel units

AED 450 K Starting price
Ready Handover
The First Collectionby The First Group

Buy Studios and Suites in The First Collection by The First Group, Business Bay

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 450,000
Location Business Bay
Developer The First Group
Handover Ready
Living Area 350 sq. ft. - 416 sq. ft.
Bedrooms Studios - 1 BR
Total amount of units 437
Apartments

A four-star lifestyle hotel in Business Bay whose 437 guestrooms and suites are sold individually, with three dining venues, a spa, a fitness centre and a skyline pool on site.

The 18-level tower on Al Amal Street covers 394,365 sq ft. Known as Sky Bay Hotel during construction, it opened in July 2022 as the second Dubai address under The First Group’s The First Collection brand. Since 31 March 2026, it has traded as The First Collection Business Bay, Dubai, A Tribute Portfolio Hotel, joining Marriott’s distribution and Bonvoy loyalty network. Buyers take freehold title to an individual guestroom or suite, while the operator runs the property as a full-service hotel. Saleable studios span 350–416 sq ft. The operator’s factsheet lists Premier Rooms at 32 sqm, Deluxe and Club Rooms at up to 37 sqm, and the Executive Suite at up to 66 sqm. Many upper-floor rooms face Downtown Dubai. Interiors keep the focus on those skyline views, while the pool deck, spa, fitness centre, dining venues and club lounge provide the main shared spaces.

The First Collection
About The First Collection

Overview of The First Collection

Unlike most apartments for sale in Business Bay, what changes hands here is a hotel room or suite inside a Marriott Tribute Portfolio property, with income produced by nightly hospitality operations instead of an annual tenancy.

~6.5%

Average ROI

~7%

Maximum ROI

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Community

Business Bay runs along the Dubai Water Canal directly beside Downtown Dubai, fronting Sheikh Zayed Road, and its density is often compared to Manhattan's. Corporate towers stand next to apartments, penthouses, townhouses, hotels and serviced residences, which gives the district real weekday activity rather than tourist traffic alone. Young professionals and expatriates dominate the resident mix, joined by families who want central living. A 3.2 km canal promenade carries runners and cyclists past the tower clusters each morning.

Choithrams, Spinneys, Carrefour Market and West Zone Supermarket operate within or beside the towers. Pharmacies, GP clinics and specialist centres are also available across the district. Mediclinic City Hospital is 11 minutes away by car. Business Bay has no school within its boundaries, but JESS Al Safa is two minutes away, while Jumeira Baccalaureate School is nine minutes away. Numu, Maple Bear and Blossom nurseries serve younger children. Dubai International Airport is a 12 min drive.

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Interior

Rooms and suites here are conceived around the window line. Accommodation on the upper levels faces Downtown Dubai, so the skyline supplies the focal point and the interior stays deliberately quiet in support of it. Layouts run from compact studios to the Executive Suite, each planned for a guest who arrives with luggage and expects the bedroom, the work surface and the bathroom to function without negotiation. Evening light off the towers does much of the atmospheric work, and the club lounge extends that mood beyond the guestroom door.

The four-star hotel operates to Marriott Tribute Portfolio standards. The operator specifies and maintains the finishes and fittings across bedrooms, bathrooms and living areas, rather than leaving that work to individual owners. This is a practical distinction from a conventional apartment purchase. Guest facilities also follow a stated sustainability agenda, consistent with Green Key certification held by several First Group hotels. The management team oversees servicing, replacement cycles and presentation across all 437 keys.

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Infrastructure

Four dining venues operate inside the hotel, keeping meals and coffee within a lift ride. Blacksmith Bar & Eatery serves steakhouse dishes, while Vyne offers international cuisine throughout the day. Risen covers coffee and casual bites, and Aaliya Lounge serves shisha in the evening. Outside the lobby, retail at the surrounding towers includes Choithrams, Spinneys, Carrefour Market and West Zone Supermarket. Nearby pharmacies cover quick everyday errands.

Dubai Mall and the Burj Khalifa are about one mile from the hotel. Clinics, pharmacies and specialist centres operate across Business Bay, while Mediclinic City Hospital is 11 minutes away by car. Business Bay Metro Station is a four-minute drive, and Burj Khalifa/Dubai Mall Metro Station takes six minutes. Buses and taxis supplement the metro. Water taxis and ferries on the canal connect the district with Dubai Marina and the historic quarter.

Overview

Considering a hotel unit as your next investment?

Amenities of The First Collection by The First Group

Dining, wellness and leisure facilities run by the hotel operator, available to owners and guests alike.

25-metre swimming pool

25-metre swimming pool

Fully equipped fitness centre

Fully equipped fitness centre

Blacksmith Bar & Eatery steakhouse

Blacksmith Bar & Eatery steakhouse

Pool deck overlooking Downtown Dubai
Modern spa
Separate male and female spa rooms
Vyne all-day dining restaurant
Risen café
Aaliya shisha lounge
VIP lounge
Exclusive club lounge
Soluna Beach Club access, Palm Jumeirah
Shuttle bus to the beach club

Gallery The First Collection

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.
200+ Exclusive Listings
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The First Collection
About Us

Economic Attractiveness

Liquidity rests on two names: The First Group as developer and operator, and Marriott's Tribute Portfolio, which has carried the hotel's distribution since 31 March 2026.

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Several factors support the investment case. Upper-floor rooms offer panoramic Downtown views, while a four-star team handles hotel service and operations. Business and leisure guests benefit from the central location: Dubai Mall and the Burj Khalifa are one mile away, Business Bay Metro Station is four minutes by car, and Dubai International Airport is 12 minutes away. Marriott Bonvoy broadens the property’s booking reach. Owner benefits include travel rewards, complimentary stays and referral bonuses. As the hotel is ready and trading, purchases are resales funded by cash or mortgage, with the 4% DLD transfer fee applying.

Current asking prices across the building range from AED 450,000 to AED 1,449,000. The available listings combine different guestroom and suite categories, sizes and positions, without a verified price split by type. Business Bay is a designated freehold zone, allowing foreign nationals to own a room or suite in their own name.

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For Rent

Income comes through hotel operations rather than an annual tenancy, so Business Bay rents provide a useful comparison. District asking rents start at AED 42,999 a year for studios, AED 70,000 for one-bedroom apartments and AED 100,000 for two-bedroom apartments. Published gross yields for Business Bay range from 5.5% to 7%. These are district benchmarks; returns at this address depend on room rates, occupancy and operating costs.

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For Living

Life in the hotel can begin in the fitness centre, continue over coffee at Risen and end beside the pool overlooking Downtown Dubai. Studios span 350–416 sq ft, while suites reach up to 66 sqm. Tribute Portfolio standards cover servicing, housekeeping and maintenance. Around the property, supermarkets and clinics sit among the towers, and the 3.2 km canal promenade provides space for running and cycling. The Burj Khalifa is nearby across the canal.

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For Resale

The completed, operating hotel gives resale buyers an income-producing asset rather than construction risk. Its position in Business Bay, extensive amenities and Marriott Tribute Portfolio affiliation help it stand out to investors seeking managed hospitality property. Current asking prices in the building range from AED 450,000 to AED 1,449,000. Freehold ownership also broadens the potential buyer pool to foreign nationals.

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 The First Collection

The First Group has developed hospitality real estate from its Dubai base since 2005.

Founded in 2005 under Danny Lubert’s leadership, The First Group was registered with the Dubai Land Department as Developer No. 29 in September 2007. Its model combines the sale of individual guestrooms and suites with in-house hotel, dining, leisure and asset-management operations. Its portfolio includes Ciel Dubai Marina, Grand Millennium Business Bay and TRYP by Wyndham Dubai. Several group properties hold Green Key certification, and the current CEO has led the company since 2017.

Location The First Collection by The First Group

The First Collection Business Bay hotel on Al Amal Street stands one mile from Dubai Mall and the Burj Khalifa, adjacent to Downtown Dubai and minutes from the Dubai Water Canal.

Sheikh Zayed Road and Al Khail Road provide direct routes across Dubai. The Dubai Mall is six minutes away by car, the Burj Khalifa takes eight minutes, and the Dubai Water Canal Promenade takes nine minutes. The hotel also runs a shuttle to Soluna Beach Club on Palm Jumeirah.
Dubai International Airport is 12 min away by car. Business Bay Metro Station takes four minutes, while Burj Khalifa/Dubai Mall Metro Station takes six. Buses and taxis supplement the rail links. RTA water taxis and ferries on the canal connect Business Bay with Dubai Marina and the historic quarter.

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

Sights & Attractions

Burj Khalifa

icon 6 min

Dubai Water Canal

8 min

Dubai Mall

6 min

Healthcare facilities

Aster Clinic

icon 5 min

Emirates Hospitals Clinics

4 min

Mediclinic City Hospital

11 min

Educational institutions

Safa British School

icon 6 min

Hartland International School

9 min

JESS Al Safa

7 min

Transportation

DXB Airport

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Business Bay Metro

4 min

Burj Khalifa/Dubai Mall Metro

6 min

General FAQs

Below are the questions buyers ask most often about ownership, pricing, location and day-to-day life at this address. If something you need is not covered here, our advisers can walk you through the current availability and the purchase process.

Ask a Question

What does an apartment in Business Bay typically cost?

Current asking listings across Business Bay average around AED 2.45 million. Their mean asking rate is AED 2,359 per sq ft, while district data for 1 January to 6 June 2026 gives an average of AED 2,547 per sq ft. Studio listings in the district start from AED 415,500. At The First Collection Business Bay, current guestroom and suite listings range from AED 450,000 to AED 1,449,000. The lower entry point reflects the compact format of individually owned hotel accommodation rather than conventional apartments.

Is Business Bay a good place to live?

Business Bay suits people seeking a central base beside Downtown Dubai. Supermarkets, pharmacies, clinics and specialist centres operate throughout the district, and the canal promenade provides 3.2 km for running and cycling. Business Bay Metro Station, Sheikh Zayed Road and Al Khail Road support daily travel. Young professionals and expatriates form much of the resident mix, with restaurants and rooftop lounges shaping the evening scene. No school lies within the district boundaries, although JESS Al Safa and Jumeira Baccalaureate School are a short drive away.

What is the reputation of the hotel operation?

A Tripadvisor snapshot ranks The First Collection Business Bay 106th among 899 Dubai hotels, with a rating of 4 out of 5 from 1,675 traveller reviews. For owners, guest satisfaction matters because hotel occupancy and room rates drive income. Since 31 March 2026, the property has operated as The First Collection Business Bay, Dubai, A Tribute Portfolio Hotel. Its Marriott affiliation adds Bonvoy loyalty reach and global distribution to the hotel’s established operation.

What exactly am I buying in this project?

You acquire freehold title to an individual guestroom or suite in a working four-star hotel with 437 keys, rather than a conventional apartment leased annually. The accommodation remains in the hotel’s managed inventory, and the operator handles hospitality services. The First Group’s ownership model also offers travel rewards, complimentary stays and referral bonuses. Because Business Bay is a designated freehold zone, foreign nationals may hold title to the property in their own name.

How big are the units and what types are available?

Saleable studios span 350–416 sq ft. The operator’s factsheet lists Premier Rooms at 32 sqm, Deluxe and Club Rooms at up to 37 sqm, and the Executive Suite at up to 66 sqm. GDS records separately list a Standard Room at about 31 sqm and a Suite at about 57 sqm. Many guestrooms and suites on the upper levels face Downtown Dubai. The building has 18 levels and a reported total built area of 394,365 sq ft.

Is the project ready, and is a payment plan available?

The building is ready and operating. It opened on 1 July 2022 after being developed under the working name Sky Bay Hotel. Purchases now proceed as resale transactions funded by cash or mortgage, and the 4% Dubai Land Department transfer fee applies. No current post-handover payment plan is confirmed. Availability comes from resale stock, so the buyer and seller agree the transaction terms.

Which amenities does the building offer?

Amenities include a 25-metre pool and deck overlooking Downtown Dubai, a fitness centre, and a spa with separate rooms for men and women. Dining options include Blacksmith Bar & Eatery, Vyne, Risen café and Aaliya Lounge. Guests can also use the VIP and club lounges. Hotel guests and owners receive access to Soluna Restaurants and Soluna Beach Club on Palm Jumeirah, with a hotel shuttle providing transport.

What returns does the district support for investors?

Published gross yields for Business Bay range from 5.5% to 7%, with studios and one-bedroom apartments offering the strongest cashflow margins. Across the district, rents rose by 18.2% year on year in Q4 2025, according to RERA figures, while submarket vacancy fell below 6% in Q1 2026. These figures describe Business Bay rather than the hotel itself. Returns at The First Collection Business Bay depend on its room rates, occupancy and operating costs instead of a fixed annual residential lease.
FAQs

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The First Collection
Amirans Kavtaradze

List by

Amirans Kavtaradze

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The First Collection

Starting Price AED 450 K

Handover Ready