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The One Hotel
by The First Group

Studios and 1 bedroom hotel apartments

AED 980,00 K Starting price
Ready Handover
The One Hotelby The First Group

Buy Hotel Apartments in The One Hotel by The First Group, Business Bay

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 980,000
Location Business Bay
Developer The First Group
Handover Ready
Bedrooms Studios - 1 BR
ROI 7%
Apartments

The One Hotel is a completed hospitality-investment address in Business Bay, built around individually owned studios and one bedroom hotel apartments, with Italian dining, a pool, gym and full concierge service on site.

Set along Marasi Drive in central Business Bay, this development by The First Group is a contemporary urban hotel where guestrooms, suites and serviced apartments are sold individually rather than as conventional residential flats. The format suits buyers who want a professionally run hospitality asset without the operational burden. Studios open from 324 sq ft and the one bedroom layout starts at 628 sq ft, a compact footprint tailored to Dubai's central rental market. Interiors follow a clean hotel aesthetic, with warm neutral tones, layered lighting and planning that keeps living, sleeping and work zones distinct. On-site infrastructure reflects the hospitality standard: a 24-hour reception and concierge, swimming pool, gym and sun deck, restaurants and cafés, valet parking, laundry and room service, all managed to hotel level. Dining is anchored by two Italian venues, Sofia's Kitchen for all-day meals and Sorsi Osteria for small plates. Upper floors look out across the Business Bay skyline and the canal-side district, minutes from Downtown Dubai.

The One Hotel
About The One Hotel by The First Group

Overview of The One Hotel by The First Group

The One Hotel pairs a serviced hospitality format with a central Business Bay address, letting owners hold a hands-off rental asset with hotel management, dining and wellness facilities beside Downtown Dubai and the Dubai Water Canal.

5.5%

Average ROI

7%

Maximum ROI

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Community

Business Bay is a central, canal-side district that borders Downtown Dubai and runs along Sheikh Zayed Road, blending office towers, residential high-rises and hotels into one dense, walkable core. The Dubai Water Canal gives the area its waterfront character, with promenades and dining lining the channel. It draws professionals, couples and young expatriates who want to live close to where they work, alongside investors focused on city-access rentals. The mood is urban and fast-moving rather than green and suburban, and the growing choice of apartments for sale in Business Bay reflects that steady demand.

Everyday errands are close at hand. Retail and casual dining cluster at Bay Avenue, while The Dubai Mall is 6 minutes away by car. Private schools and clinics serve families across neighbouring communities. Business Bay Metro Station is a 4-minute drive and links to the Red Line. Sheikh Zayed Road provides direct access across Dubai, while Dubai International Airport is 13 minutes away by car.

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Interior

The interiors use a contemporary urban-hotel style designed for comfort and easy upkeep. Soft beiges, greys and muted timber create a calm palette. Layered lighting supports both work and evening relaxation. In each compact unit, clearly defined living, sleeping and work zones limit wasted circulation. The polished finish also appeals to buyers seeking property for sale in Business Bay as a ready, low-maintenance home or rental.

Finishes across the residences reflect the hospitality standard the building is run to. Kitchens are fitted for efficient daily use within the studio and one bedroom footprints, pairing durable worktops with integrated storage. Bathrooms carry a hotel-grade specification, with quality tiling and fittings chosen to withstand serviced-apartment turnover. Living areas combine hard-wearing flooring with soft furnishings in the same restrained palette, so each unit reads as a coherent, move-in-ready space. Quality is maintained to hotel operations across the property rather than left to a mix of individually renovated apartments.

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Infrastructure

Dining starts inside the building. Sofia's Kitchen serves all-day meals, while Sorsi Osteria specialises in small plates. Along Marasi Drive and through the surrounding Business Bay towers, residents can find coffee shops, casual restaurants and grocery outlets. Bay Avenue is a short drive away, bringing supermarkets, pharmacies and quick-service dining together in one convenient stretch for everyday errands.

For larger shopping and leisure, The Dubai Mall is 6 minutes away by car, with stores, cinemas and the aquarium. Clinics are also nearby: Emirates Hospital Clinics is 4 minutes away, Aster Clinic Business Bay 6 minutes and Mediclinic Dubai Mall 7 minutes. Business Bay Metro Station is a 4-minute drive, while Dubai International Airport is 13 minutes away.

Overview

Looking for a hands-off rental asset in central Dubai?

Amenities of The One Hotel by The First Group

Owners and guests enjoy a full suite of hotel-grade facilities managed to hospitality standards, spanning leisure, dining, wellness and round-the-clock service.

Swimming pool

Swimming pool

Fully equipped gym

Fully equipped gym

Italian restaurants and cafés

Italian restaurants and cafés

Sun deck
24-hour reception and concierge
Room service
Valet parking
Business centre or lounge
Laundry service
Wellness-oriented leisure facilities
Smart-card entry

Gallery The One Hotel by The First Group

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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The One Hotel
About Us

Economic Attractiveness

Liquidity is supported by The First Group's hotel management and a central Business Bay address that attracts resale and rental demand.

Get Full Investment Details

1,52 mln 4%

Median price (AED)

4,590 3%

Median price per sqft (AED)

24 -20%

Transactions

Source: Data taken from DXB for the last year, overview - The One Hotel

ROI 7%

Hotel management reduces the owner's operational burden and keeps units ready for guests. The location supports demand from professionals seeking access to Downtown Dubai, DIFC and the Dubai Water Canal, while upper floors offer skyline and canal-side views. Sheikh Zayed Road and the Red Line provide wider connectivity. Dubai International Airport is 13 minutes away by car. As the building is complete, purchases proceed through the resale market with cash or mortgage financing rather than a developer payment plan.

Current asking prices start at AED 980,000 for a studio. A one bedroom hotel apartment starts at AED 1,800,000. Business Bay is a designated freehold district, allowing non-UAE nationals and expatriates to acquire full title-deed ownership.

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For Rent

The furnished, hotel-managed format keeps units ready to let and reduces the owner's day-to-day workload. Verified in-building rents are not yet available, so Business Bay provides the reference point. District studios currently rent from about AED 41,999 per year. Gross rental yields across Business Bay range from 5.5% to 7%, offering investors a clear area benchmark for a hands-off rental strategy.

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For Living

Living here means the ease of a serviced hotel translated into a private home. Studios from 324 sq ft and the one bedroom layout from 628 sq ft are efficiently planned, with clearly zoned living, sleeping and work areas dressed in hotel-grade finishes. Concierge, room service, housekeeping, the pool, gym and on-site Italian dining handle the everyday. The Business Bay setting adds to the comfort: cafés, retail at Bay Avenue and canal-side promenades sit close by, Downtown Dubai is minutes away, and metro access makes commuting straightforward. The trade-off is a busier, less green environment that suits people who value being at the centre of the city.

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For Resale

On the resale side, a completed asset in a proven central district carries real advantages. Business Bay has matured into one of Dubai's most active mixed-use markets, and demand for compact, well-located units has kept the neighbourhood liquid year after year. A serviced, hotel-managed format widens the buyer pool, drawing owner-occupiers after a turnkey home as well as investors seeking hands-off income. With the building already delivered and rental demand steady across the surrounding towers, owners hold a tradeable position where buyer interest has consistently held up.

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 The One Hotel by The First Group

The First Group is a well-established Dubai hospitality real-estate developer and operator, known for its distinctive hotel-unit ownership model.

Founded in 2005 and headquartered in Dubai, The First Group develops and operates hospitality-led real estate, including hotels, serviced residences, dining and leisure venues. Its ownership model allows investors to hold guestrooms, suites and serviced apartments in professionally managed buildings. Registered as DLD Developer No. 29 since 2007, the company had developed 18 Dubai towers by 2024 and received Dubai Land Department Appreciation Awards in 2017 and 2019.

Location The One Hotel by The First Group

The One Hotel sits on Marasi Drive in central Business Bay, near the Dubai Water Canal. Burj Khalifa is 7 minutes away by car and The Dubai Mall is 6 minutes away.

Access to Sheikh Zayed Road connects the hotel with Dubai's leisure districts. Palm Jumeirah is around 19 minutes away by car, home to One&Only The Palm, Burj Al Arab about 17 minutes and The Walk at JBR roughly 22 minutes. Downtown Dubai is approximately 8 minutes away.

Business Bay Metro Station, 4 minutes away by car, connects to the Red Line and the wider network. Sheikh Zayed Road supports direct driving routes across the city. Burj Khalifa/Dubai Mall Metro Station is 5 minutes away, while Dubai International Airport is a 13-minute drive.

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Map → Location The One Hotel by The First Group Icon Map PIN

Sights & Attractions

Dubai Water Canal

icon 7 min

Burj Khalifa

5 min

The Dubai Mall

6 min

Healthcare facilities

Aster Clinic

icon 6 min

Mediclinic Dubai Mall

7 min

Emirates Hospital Clinics

4 min

Educational institutions

Horizon English School

icon 7 min

GEMS Wellington Primary School

9 min

Dubai International Academy

13 min

Transportation

Dubai Int’l Airport

icon 13 min

Burj Khalifa/Dubai Mall Metro Station

7 min

Business Bay Metro Station

4 min

FAQ

Below are the questions buyers, tenants and investors ask most often about The One Hotel. If something you need isn't covered here, reach out and our team will be glad to help.

Ask a Question

Where is The One Hotel located?

The One Hotel stands on Marasi Drive in Business Bay, beside Downtown Dubai and near Sheikh Zayed Road. Burj Khalifa is 7 minutes away by car, The Dubai Mall 6 minutes and Dubai International Airport 13 minutes. The address also places the Dubai Water Canal within a 7-minute drive.

Who is the developer behind The One Hotel?

The First Group developed the project. Founded in 2005 and headquartered in Dubai, the company specialises in hospitality real estate and hotel-unit ownership. Its model allows individual buyers to own guestrooms, suites and serviced apartments in professionally managed buildings. By 2024, the developer reported completing 18 towers across Dubai.

What types of properties are available at The One Hotel?

Buyers can choose studios and one bedroom hotel apartments sold as individual units rather than conventional residential flats. They are furnished and managed within a serviced hospitality setting. The format can suit an owner seeking a compact city base or an investor who prefers professional day-to-day operation.

How large are the apartments at The One Hotel?

Studios start at 324 sq ft, with other current examples extending to 336 sq ft. The one bedroom hotel apartment starts at 628 sq ft. These compact plans divide the living, sleeping and work areas clearly, making efficient use of space for short stays, longer tenancies or occasional owner use.

What is the starting price at The One Hotel?

Current asking prices begin at AED 980,000 for a studio and AED 1,800,000 for a one bedroom hotel apartment. The current project listing sample averages AED 4,229 per sq ft. These are asking-market figures, so the final purchase price will depend on the selected unit and seller terms.

Can foreigners buy property at The One Hotel?

Yes. Business Bay is a designated freehold district, allowing non-UAE nationals and expatriates to acquire full title-deed ownership in their own name. The deed is registered with the Dubai Land Department. Buyers should also budget for the standard 4% DLD transfer fee; residential purchases do not carry VAT.

What amenities does The One Hotel offer?

Facilities include a swimming pool, gym, sun deck, 24-hour reception and concierge, room service, valet parking and laundry. Sofia's Kitchen provides all-day dining, while Sorsi Osteria serves small plates. Residents and guests also have access to cafés, a business centre or lounge and smart-card entry.

Is The One Hotel a good investment for rental income?

Its furnished, hotel-managed format keeps units ready for guests and reduces the owner's operational workload. Verified project-specific rents and yields are not yet available. As a district reference, Business Bay studios rent from around AED 41,999 per year, while gross rental yields across the area range from 5.5% to 7%.

Is The One Hotel completed or off-plan?

The building is completed and operational. Purchases therefore proceed as standard resales using cash or mortgage finance, not through a current developer payment plan. Buyers can inspect a delivered unit, review its existing operating arrangements and agree completion terms with the seller before ownership transfers.

What is living in Business Bay like?

Business Bay offers an urban lifestyle beside the Dubai Water Canal, with restaurants, cafés and retail at Bay Avenue. Road and metro links support commutes across central Dubai. The district suits professionals and couples who value city access, while nearby schools and clinics also serve families.
FAQ

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The One Hotel
Amirans Kavtaradze

List by

Amirans Kavtaradze

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The One Hotel

Starting Price AED 980,00 K

Handover Ready