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Urban Life Residences
by Urban Properties Development

Studios and apartments with one or two bedrooms

AED 1,65 mln Starting price
Ready Handover
Urban Life Residencesby Urban Properties Development

Buy Apartments in Urban Life Residences by Urban Properties Development, Business Bay

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 1,650,000
Location Business Bay
Developer Urban Properties Development
Handover Ready
Living Area 418 sq. ft. - 1,761 sq. ft.
Bedrooms Studios - 2 BR
Total amount of units 146
ROI 6–8%
Apartments

Urban Life Residences is a completed high-rise in Business Bay holding a compact mix of studios and apartments with one or two bedrooms, served by three pools, a gym, spa facilities and a coworking floor.

The tower contains 146 apartments: 42 studios, 76 with one bedroom and 28 with two bedrooms. Sizes range from 418 sq ft for a studio to 1,761 sq ft for the largest two-bedroom apartment. This focused mix gives the building a more intimate residential character than many larger Business Bay towers. Three parking levels form the base, with entertainment space on the first floor and a health club above. Shared facilities are therefore concentrated below the apartments. Smart home integration comes as standard. Open gardens and a pool deck soften the architecture, while the social spaces are scaled for regular resident use. Interiors favour clean lines, practical finishes and abundant daylight. With access to the canal, Downtown and the Business Bay office cluster, the project is positioned for professionals and small families seeking a central Dubai address.

Urban Life Residences
About Urban Life Residences

Overview of Urban Life Residences

Prices start at AED 1.65 million for a one-bedroom apartment and AED 2.88 million for a two-bedroom apartment in this ready freehold development with extensive resident amenities.

6–8%

ROI

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Community

Business Bay runs along the Dubai Water Canal immediately south of Downtown, a dense cluster of towers built as the city's trade and business core. The rhythm is fast and unmistakably urban, yet the 3.2 km canal promenade gives central Dubai something it rarely has: jogging, cycling and evening walking routes at the water's edge. Bay Avenue Park handles everyday green space. Residents skew younger than the city average — working professionals, expatriates, couples — with family households concentrated in the larger apartments.

Everyday retail is neighbourhood-scale, with Choithrams, Spinneys, Carrefour Market and West Zone supermarkets, boutique stores and in-tower gyms. Dubai Mall covers flagship brands. Clinics and pharmacies operate inside the district, while Mediclinic City Hospital is 11 minutes away by car. No school falls inside the district boundary, so families drive or use school buses. Business Bay Metro Station is five minutes away by car, supported by RTA buses, water taxis and direct road links. Dubai International Airport is a 13-minute drive.

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Interior

Interiors follow the idea that shapes the exterior: nature set against structure. Living spaces are arranged to draw daylight deep into the plan, and the open gardens and pool deck read as a visual extension of the apartments above them. The mood is calm rather than theatrical — clean lines, uncluttered volumes, lighting that shifts easily from a working afternoon to a quiet evening. Smart home integration governs climate, lighting and security from one control point.

Kitchens, bathrooms and living areas follow a consistent finish standard across the building, with materials selected for daily use. Two-bedroom apartments span 1,572 to 1,761 sq ft, allowing living and entertaining areas to remain separate from the bedrooms. Studios measure 418 to 508 sq ft. All 42 have sold out, so current availability is concentrated in apartments with one or two bedrooms.

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Infrastructure

Choithrams, Spinneys, Carrefour Market and West Zone branches occupy surrounding towers, alongside boutique stores and the independent cafés and restaurants found across Business Bay. Bay Avenue Mall adds a compact cluster of dining and grocery options around its park. For an evening by the water, the restaurants and bars along the Dubai Water Canal Promenade are seven minutes away by car, combining open-water views with a location inside the district.

Dubai Mall and the wider Downtown leisure district are a short drive away, while Burj Khalifa is seven minutes away by car. Jumeirah Beach and Kite Beach take 15 to 20 minutes. Healthcare ranges from local clinics and pharmacies to Aster Clinic at Bay Square, six minutes away, and Mediclinic City Hospital, an 11-minute drive. Business Bay Metro Station is five minutes away by car, with RTA buses and water taxis also serving the district.

Overview

Considering Urban Life Residences as your next investment?

Amenities of Urban Life Residences by Urban Properties Development

Wellness, leisure and work facilities are stacked through the podium levels, giving residents a full day's worth of amenities without leaving the building.

Three swimming pools

Three swimming pools

Spa and sauna

Spa and sauna

Landscaped garden

Landscaped garden

Pool deck and open gardens
Fitness centre and gym
Outdoor training area
Jogging track
Cinema room
Game room and playroom
Children's playground
Coworking space
Business centre
Three-level parking

Gallery Urban Life Residences

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.
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Urban Life Residences
About Us

Economic Attractiveness

Built by Urban Properties Development with Golden Square Engineering Consultants on design and Jams Contracting on construction, the tower sits in a district that trades constantly.

Get Full Investment Details

ROI 6–8%

Business Bay's offices and commercial towers support tenant demand from professionals on annual contracts. Access is reinforced by the Red Line, water taxis and direct links to Sheikh Zayed Road and Al Khail Road. The district also recorded 6,601 sales worth AED 22.5 billion in H1 2025 and more than 4,200 apartment sales in Q4 2025. Within Urban Life Residences, three pools, a spa, cinema and coworking floor provide the service level sought by tenants. The project is ready, and no current post-handover payment plan is confirmed.

Current prices start at AED 1.65 million for a one-bedroom apartment and AED 2.88 million for a two-bedroom apartment; studios are sold out. Urban Life Residences is freehold, allowing foreign buyers to own apartments outright.

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For Rent

The building has no published letting record yet, so district rents provide the practical benchmark. One-bedroom apartments in Business Bay start at AED 95,000 a year and reach AED 115,000–130,000 for canal views or higher floors. Two-bedroom apartments with canal views rent for AED 170,000–220,000. Urban Life Residences advertises annual rental yields of 6–8%, supported by access to the surrounding office district and extensive on-site amenities.

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For Living

With 146 apartments, the building is compact enough to feel familiar. Its pools, gym, cinema and coworking floor are one lift ride away, while smart home controls simplify daily routines. Apartments range from 418 sq ft studios to two-bedroom plans of up to 1,761 sq ft. Beyond the lobby, residents have the canal promenade, Bay Avenue Park, supermarkets and clinics nearby. Downtown dining and Dubai Mall are also within a short drive.

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For Resale

Resale prospects benefit from Business Bay's active apartment market and Urban Life Residences' ready status. More than 4,200 apartment sales were recorded across the district in Q4 2025. Studios in the building are sold out, leaving apartments with one or two bedrooms as the available configurations. Freehold title also broadens the future buyer pool by permitting full foreign ownership.

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 Urban Life Residences

Urban Properties Development is a Dubai-based developer working at the design-led end of the residential market.

Founded in 2014 by CEO Islam El Dafrawy, the company pairs residential development with investor consultancy covering market trends, valuations and investment opportunities. Its positioning targets individuals and young families who value convenience and a sense of community, and the projects are planned around that brief. Urban Life in Business Bay is the development the company currently promotes, delivered with Golden Square Engineering Consultants and Jams Contracting.

Location Urban Life Residences by Urban Properties Development

The tower stands in Business Bay, with the Dubai Water Canal Promenade seven minutes away by car. Burj Khalifa is also a seven-minute drive from the building.

Road links connect the building with Sheikh Zayed Road and Al Khail Road. Bay Avenue Mall and Downtown's retail district are a short drive away. Jumeirah Beach and Kite Beach take 15 to 20 minutes by car.
Business Bay Metro Station and Burj Khalifa/Dubai Mall Metro Station are each five minutes away by car. RTA bus routes and the canal water taxi add public transport options. Dubai International Airport is a 13-minute drive, while Al Maktoum International Airport takes 40 to 45 minutes.

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Map → Location Urban Life Residences by Urban Properties Development Icon Map PIN

Sights & Attractions

Bay Avenue Park

icon 6 min

Dubai Water Canal

7 min

Burj Khalifa

5 min

Healthcare facilities

Aster Clinic

icon 6 min

Emirates Hospital Clinic

5 min

Mediclinic City Hospital

11 min

Educational institutions

JSS Private School

icon 8 min

GEMS Our Own Indian School

4 min

Horizon English School

8 min

Transportation

DXB Airport

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Business Bay Metro

5 min

Burj Khalifa/Dubai Mall Metro

5 min

General FAQs

Below are the questions buyers and tenants ask most often about this address, from pricing and ownership rules to schools and daily life in the district. If something you need is missing, our advisers are happy to walk you through the detail.

Ask a Question

Is Business Bay a good area to live in?

Business Bay suits residents who want central-city convenience. The district runs along the Dubai Water Canal, where the 3.2 km promenade provides space for jogging, cycling and evening walks. Bay Avenue Park adds everyday greenery, while supermarkets, clinics, pharmacies, gyms and cafés operate throughout the area. Dubai Mall and Burj Khalifa are nearby. The neighbourhood is dense and fast-paced rather than suburban, making it particularly suitable for professionals, couples and small families who value access to Downtown and the surrounding office district.

How much does an apartment at Urban Life Residences cost?

A one-bedroom apartment starts at AED 1.65 million, while a two-bedroom apartment starts at AED 2.88 million. All 42 studios have sold out, concentrating current availability in the larger configurations. Across Business Bay, the current asking-price sample averages AED 2,327 per sq ft, while the district's reported median apartment sale value is AED 1.55 million. The price of a specific apartment will vary with its floor, orientation, size and outlook.

What is the payment plan at Urban Life Residences?

No current post-handover payment plan is confirmed for Urban Life Residences. As the project is ready, buyers should plan for a standard completed-property purchase using cash or mortgage finance. They should also allow for the 4% Dubai Land Department transfer fee. Residential property purchases in the UAE do not attract the 5% VAT applicable to commercial transactions. Buyers should request a current statement of purchase terms before reserving a specific apartment.

Is Urban Life Residences ready to move in?

Yes. Urban Life Residences is treated as ready, so buyers are viewing completed apartments rather than off-plan layouts. Construction began in January 2024 on a Business Bay plot previously intended for a hotel project that was cancelled. Golden Square Engineering Consultants served as architectural consultant, and Jams Contracting was the main contractor. Ready status removes construction-stage uncertainty and allows an owner to occupy the apartment or begin arranging a tenancy after completing the purchase and handover formalities.

Which apartment types and sizes are available in the building?

The tower contains 146 apartments: 42 studios, 76 with one bedroom and 28 with two bedrooms. Studios measure 418 to 508 sq ft, one-bedroom apartments span 791 to 1,205 sq ft, and two-bedroom apartments range from 1,572 to 1,761 sq ft. Smart home integration is included throughout. The studios have sold out, so current availability is focused on apartments with one or two bedrooms, including layouts that provide clear separation between living and sleeping areas.

What amenities do residents have access to?

Residents have access to three swimming pools, a pool deck and open gardens. Fitness and wellness facilities include a gym, outdoor training area, spa, sauna and jogging track. Leisure spaces comprise a cinema, game room, playroom and children's playground. A coworking area and business centre support remote work and meetings. The building also provides three levels of parking beneath the entertainment floor, keeping most shared leisure and work facilities together in the podium.

Can foreign buyers purchase here, and does it qualify for a Golden Visa?

Foreign buyers can purchase apartments at Urban Life Residences because the development is freehold and permits 100% foreign ownership. UAE Golden Visa eligibility depends on meeting the applicable investment threshold. A property purchase above AED 2 million qualifies under the stated Business Bay guidance, placing two-bedroom apartments from AED 2.88 million above that threshold. A one-bedroom apartment at the AED 1.65 million entry price falls below it, although qualifying holdings may be combined subject to current programme rules.

What rental income can an owner expect from an apartment here?

Urban Life Residences has no published project-specific letting record, so exact income depends on the apartment and lease terms. Comparable Business Bay evidence places annual rents from AED 95,000 for one-bedroom apartments and from AED 170,000 for two-bedroom apartments. Canal views and higher floors can command more. The project advertises annual rental yields of 6–8%. Owners should assess the selected apartment's purchase price, service charges and likely vacancy before estimating net income.

Which schools are available for families living in the project?

Business Bay has no schools within its boundaries, so families generally drive or use school buses. Nearby options include GEMS Our Own Indian School, four minutes away by car, and JSS Private School and Horizon English School, each eight minutes away. These routes benefit from access to Al Khail Road and Sheikh Zayed Road. Families should still check each school's curriculum, admissions availability, bus coverage and peak-hour journey before choosing an apartment.
FAQs

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Urban Life Residences
Amirans Kavtaradze

List by

Amirans Kavtaradze

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Urban Life Residences

Starting Price AED 1,65 mln

Handover Ready