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The Residences
at Business Central
by DAMAC

Apartments with one, two or three bedrooms

AED 1,20 mln Starting price
Ready Handover
The Residencesat Business Centralby DAMAC

Buy Apartments in The Residences at Business Central by DAMAC, Business Bay

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 1,200,000
Location Business Bay
Developer DAMAC Properties
Handover Ready
Bedrooms 1-3 BR
ROI 7%
Apartments

A completed 23-storey canal-front tower holding apartments with one, two or three bedrooms above ground-floor retail, with a podium pool, gymnasium, barbecue stations and round-the-clock concierge.

Known informally as RBC Tower, the 23-storey building occupies a canal-front plot with views towards the Burj Khalifa skyline. It was completed in February 2013 and combines apartments, retail and a shopping arcade. The residential mix includes apartments with one, two or three bedrooms. Verified one-bedroom floor areas range from 681 sq ft to 1,154 sq ft, while two-bedroom apartments span 1,331 sq ft to 1,523 sq ft. Open kitchens connect to combined living and dining areas in the one-bedroom plans. Larger two-bedroom plans add an enclosed kitchen, a separate living room, two bathrooms and a guest toilet. Balconies draw daylight into the main rooms and frame the canal outlook. At podium level, residents have a rooftop pool, Jacuzzi, gymnasium, barbecue stations and a children's play area. Parking extends through the basement, ground floor and three podium levels, with spaces for residents and visitors.

The Residences at Business Central
About The Residences at Business Central by DAMAC

Overview The Residences at Business Central by DAMAC

Canal frontage, skyline views and in-building retail distinguish this ready Business Bay tower, where buyers can acquire an apartment through a conventional cash or mortgage resale.

7%

Average ROI

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Community

Business Bay follows the Dubai Water Canal beside Downtown Dubai. Its dense skyline and mix of offices, apartments and hotels attract young professionals, expatriate couples and executives in finance and technology. At street level, the canal promenade softens the vertical setting with a continuous route for walking and cycling. Marasi Marina and its floating villas add another waterfront focal point within the district.

Daily services are spread across Business Bay. Choithrams, Spinneys, Carrefour Market and West Zone Supermarket cover groceries, while Bay Avenue Mall provides convenience retail. The Dubai Mall is 1.3 km from the tower. Local healthcare includes pharmacies, GP clinics and specialist centres; Mediclinic City Hospital is 12 minutes away by car. Hartland International School is 1.9 km away and North London Collegiate School Dubai is 2.1 km away. Dubai International Airport is a 14-minute drive.

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Interior

Daylight and the canal outlook shape the interiors. Living and dining areas share one continuous space in the one-bedroom apartments, opening onto a balcony that frames the water and Burj Khalifa skyline. The open kitchen keeps the main room visually connected. In two-bedroom apartments, the master bedroom is separated from the second bedroom, while an enclosed kitchen and distinct living room create clearer divisions between daily activities.

The verified layouts emphasise practical room divisions rather than decorative specifications. A one-bedroom apartment has an open kitchen, combined living and dining space, one bathroom, a guest washroom and a balcony. Two-bedroom apartments add a second bathroom, separate guest toilet, enclosed kitchen and distinct living room. Because the tower has been occupied since 2013, finishes can vary between apartments that retain their original fit-out and those refurbished by individual owners.

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Infrastructure

Retail begins inside the tower, occupying the ground and mezzanine floors beside a shopping arcade. Nearby grocery options include Choithrams, Spinneys, Carrefour Market and West Zone Supermarket. Bay Avenue Mall brings cafes and daily services together, while local dining ranges from Kitchen6 and MAMA'Esh to The Blacksmith Bar & Eatery. Mahec, Patiala and My Govinda's provide several Indian dining options around the district.

The Dubai Mall, 1.3 km away, is the nearest full-scale shopping and leisure centre. Aster Clinic in Bay Square and Emirates Hospital Clinic are each seven minutes away by car; Mediclinic City Hospital is 12 minutes away. Business Bay Metro Station, a six-minute drive from the tower, connects to the Red Line. RTA water taxis and ferries also run along the canal towards Dubai Marina and Dubai's historic districts.

Overview

Ready to weigh the numbers on this canal-front tower?

Amenities of The Residences at Business Central by DAMAC

Podium leisure, staffed service and in-building retail combine into an amenity set that supports everyday living rather than occasional use.

Swimming pool

Swimming pool

Fully equipped gymnasium

Fully equipped gymnasium

On-site shopping arcade

On-site shopping arcade

Jacuzzi beside the pool
Shared outdoor terrace
Barbecue stations
Outdoor children's play area
24-hour concierge service
24-hour reception and security
Tastefully designed lobby
Ground-floor and mezzanine retail
Resident and visitor parking
Three podium parking levels
Basement parking level

Gallery The Residences at Business Central by DAMAC

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 Residences at Business Central
About Us

Economic Attractiveness

Liquidity comes from the DAMAC Properties name, delivery through Damac Star Properties, and a canal-front address with a documented resale and letting record.

Get Full Investment Details

2,34 mln 54%

Median price (AED)

1,750 16%

Median price per sqft (AED)

26 -7%

Transactions

Source: Data taken from DXB for the last year, overview The Residences at Business Central by DAMAC Properties

ROI 7%

Three things drive demand at this address. First, the water: apartments face the canal with the Burj Khalifa skyline opposite, and canal-facing stock in Business Bay commands the district's upper rent band, where two-bedroom apartments are routinely listed at AED 170,000 to AED 220,000 a year. Second, the service layer of 24-hour concierge, reception and security plus parking across five levels, which corporate tenants treat as a requirement. Third, position: Sheikh Zayed Road, Al Khail Road and Ras Al Khor Road give exits in three directions, the Red Line runs through Business Bay, and canal ferries add a route west. Gross yields here reach 7%, ahead of the 5.5% returned by portal-tracked district listings. Purchase runs as a cash or mortgage resale at a current asking mean of AED 1,963 per sq ft.

Current asking prices begin at AED 1,200,000 for a one-bedroom apartment and AED 2,525,000 for a two-bedroom apartment. Business Bay is a designated freehold district, allowing expatriates and non-resident foreign nationals to purchase with a full title deed. The 4% DLD transfer fee applies, while residential resale carries no VAT.

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For Rent

The tower has an established letting market rather than a projected one. Current annual asking rents begin at AED 69,000 for a one-bedroom apartment and AED 120,000 for a two-bedroom apartment. Bayut records an average annual apartment rent of AED 118,373 across the project. Gross yields reach 7%; after service charges and fees, net returns are typically about one to one and a half percentage points lower.

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For Living

Residents can walk to the canal promenade for cycling or running and return through a lobby staffed around the clock. One-bedroom apartments pair an open kitchen with the living and dining area. Two-bedroom plans provide an enclosed kitchen and separate living room, while balconies extend the main rooms outdoors. Groceries, clinics, nurseries and Bay Avenue Mall are within Business Bay. The podium pool, Jacuzzi, gymnasium, barbecue stations and children's play area are a lift ride away.

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For Resale

The tower has a documented resale market, with 16 apartments changing hands over the past 12 months at an average price of AED 1,503,025. Current asking prices begin at AED 1,200,000 for a one-bedroom apartment and AED 2,525,000 for a two-bedroom apartment. Canal frontage, a central Business Bay address and established rental demand support its resale appeal among both investors and owner-occupiers.

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 Residences at Business Central

Founded by Hussain Sajwani, DAMAC Properties has delivered more than 50,000 homes across its international portfolio.

The property development division of the DAMAC Group was formed in 2002, listed on the Dubai Financial Market in early 2015 and returned to private ownership in 2022. This tower was delivered through the subsidiary Damac Star Properties. Company-wide, DAMAC reports more than 50,000 homes handed over, a portfolio exceeding 75 towers, and over 54,000 further units planned across 15 cities from Riyadh to Toronto and London.

Location The Residences at Business Central by DAMAC

The tower stands on the bank of the Dubai Canal in Business Bay, opposite the Burj Khalifa district, with The Dubai Mall 1.3 km away and Marasi Marina and its floating villas along the same waterfront.

Sheikh Zayed Road, Al Khail Road and Ras Al Khor Road provide routes across Dubai. Burj Khalifa and The Dubai Mall are each eight minutes away by car. At the tower, the canal promenade offers a waterside route for walking and cycling.

Dubai International Airport is 14 minutes away by car. Business Bay Metro Station, six minutes from the tower, serves the Red Line in Zone 6; Burj Khalifa/Dubai Mall Metro Station is seven minutes away. RTA water taxis and ferries use the canal to connect Business Bay with Dubai Marina and the historic districts.

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Map → Location The Residences at Business Central by DAMAC Icon Map PIN

Sights & Attractions

Burj Khalifa

icon 7 min

The Dubai Mall

8 min

Dubai Water Canal Promenade

10 min

Healthcare facilities

Aster Clinic

icon 7 min

Emirates Hospital Clinic

7 min

Mediclinic City Hospital

12 min

Educational institutions

Blossom Nursery

icon 7 min

Hartland International School

9 min

North London Collegiate School Dubai

10 min

Transportation

Business Bay Metro St.

icon 6 min

Dubai Mall Metro St.

7 min

Dubai International Airport

14 min

FAQ

Below are the questions buyers, landlords and tenants ask most often about this canal-front tower — pricing, sizes, amenities and the investment case. If something you need is missing, our advisers can walk you through the current listings.

Ask a Question

What does an apartment in Business Bay typically cost?

Current district listings average about AED 2,542 per sq ft, and one-bedroom apartments are quoted from around AED 1.5 million. The Residences at Business Central has a lower current asking mean of AED 1,963 per sq ft. Within the tower, verified asking prices begin at AED 1,200,000 for a one-bedroom apartment and AED 2,525,000 for a two-bedroom apartment.

Is Business Bay a good area to live in?

Business Bay works well for residents seeking a central base beside Downtown Dubai. Supermarkets, pharmacies, clinics, nurseries and Bay Avenue Mall are distributed throughout the district, while the canal promenade provides a continuous route for walking and cycling. Dining ranges from hotel restaurants to established Indian kitchens. Schools are outside the district boundary, so families generally rely on cars or school buses, and internal roads can become slower during peak periods.

Where exactly is The Residences at Business Central located?

The tower occupies a canal-front plot in Business Bay, facing the Burj Khalifa area across the water. By car, Burj Khalifa and The Dubai Mall are each eight minutes away, while Business Bay Metro Station is six minutes away. Hartland International School is 1.9 km from the building and North London Collegiate School Dubai is 2.1 km away. Dubai International Airport is the nearest airport, with a verified driving time of 14 minutes.

Who built the project and when was it completed?

DAMAC Properties developed the tower through its subsidiary Damac Star Properties. Construction began in April 2010, and the building was completed in February 2013. It is therefore a ready, occupied property rather than an off-plan project. DAMAC's property development division was formed in 2002 under founder Hussain Sajwani. The company reports more than 50,000 homes delivered, over 75 towers in its portfolio and more than 54,000 additional units planned across 15 cities.

What apartment types and sizes are available in the tower?

Buyers can choose apartments with one, two or three bedrooms across the 23-storey tower. Verified one-bedroom sizes range from 681 sq ft to 1,154 sq ft, with an open kitchen, combined living and dining area, guest washroom and balcony. Two-bedroom apartments span 1,331 sq ft to 1,523 sq ft. They provide two bathrooms, a guest toilet, an enclosed kitchen, a separate living room and a balcony. No verified size range is available for three-bedroom apartments.

Which amenities do residents have access to?

The podium is the main leisure level, with a rooftop swimming pool, Jacuzzi, shared outdoor terrace, gymnasium, barbecue stations and a children's play area. Concierge, reception and security teams operate around the clock. Daily convenience is supported by retail on the ground and mezzanine floors and an on-site shopping arcade. Resident and visitor parking is distributed across the basement, ground floor and three podium levels.

What views do the apartments offer?

Apartments face the Dubai Canal, with the Burj Khalifa skyline visible across the water. Marasi Marina and its floating villas occupy the adjoining waterfront stretch. Balconies are included in the verified one-bedroom and two-bedroom layouts, giving residents private outdoor space from which to take in the canal setting. The combination of water frontage and skyline exposure is one of the tower's clearest location advantages.

What rental income can an owner expect here?

Current annual asking rents begin at AED 69,000 for a one-bedroom apartment and AED 120,000 for a two-bedroom apartment. Across the tower's apartments, Bayut records an average annual rental value of AED 118,373. The project offers a gross yield of up to 7%. Owners should allow for service charges and other costs, which generally place net returns about one to one and a half percentage points below the gross figure.

Can foreign buyers own property in this building?

Yes. Business Bay is a designated freehold district, allowing non-UAE nationals and expatriate residents to acquire a full title deed without nationality restrictions. Buyers pay the 4% Dubai Land Department transfer fee, while residential resale is not subject to VAT. Property worth at least AED 750,000 can typically support a renewable two-year investor visa, and an investment of AED 2 million or more can support a ten-year renewable Golden Visa application.

How is the purchase structured for a ready tower like this?

As the project was completed in 2013, apartments are purchased on the secondary market rather than through a developer installment plan. Buyers may pay in cash or arrange mortgage finance, subject to lender approval. The transaction also carries the 4% Dubai Land Department transfer fee, while residential resale has no VAT. Recent activity provides a negotiation reference: 16 apartments changed hands in the tower during the past 12 months.
FAQ

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The Residences at Business Central
Amirans Kavtaradze

List by

Amirans Kavtaradze

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The Residences at Business Central

Starting Price AED 1,20 mln

Handover Ready