Overview

Property Description

The Quayside is Ellington Properties' first residential development in the thriving area of Business Bay. The development offers studios, 1–3 bedroom apartments, as well as a penthouse that boasts a stunning view of Burj Khalifa and Dubai Downtown with five bedrooms. 118 residential units are available, ranging in size from 542 square feet to 10,004 square feet. In terms of the layouts, each residence will come with a balcony, while select units will feature a maid's room for the utmost convenience of homeowners. Apartments will also feature a powder room and laundry room. In line with Dubai Water Canal, which surrounds the complex, the upscale properties will be designed in a minimalistic nautical theme. The Quayside properties will provide direct access to the Dubai Water Canal Boardwalk, a distinctive feature. Aside from all that, studios and 1-2 bedroom apartments will receive one parking spot, while 3-bedroom units will get two. One-bedroom apartments will cost AED 1.78M (USD 485K) at the beginning of 2023. The anticipated service charge will be AED 18 (USD 5) per square foot. *Prices valid until 2023 Upon completion of The Quayside in Q1 2026, you can take advantage of a 70/30 payment plan with a 20% booking fee while the complex is off-plan. As of April 2023, the ROI in Business Bay has reached 6%, making these properties an ideal commercial investment. You will be able to resell your unit at a lucrative price after paying 40% of its total value. The starting rental cost in this area amounts to AED 60K (USD 16K) per year. You can also obtain a 2 year visa at The Quayside with a minimum real estate investment of AED 750K (USD 204K). You can also apply for a 10-year Golden Visa worth a minimum of AED 2M (USD 545K), which allows you to bring unlimited domestic staff to the UAE and obtain an Esaad card, which grants discounts on over 7,000 brands in the UAE and around the world.

Location