PropertyIndex

The Residence At Business Central

Completed · Q1 2013|228 units · 1 tower

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The Residence At Business Central is a completed apartment development by DAMAC STAR PROPERTIES (L L C) in Business Bay, comprising 228 registered units. 616 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,397 per sqft. At AED 1,397 per sqft, The Residence At Business Central prices 43% below the Business Bay average of AED 2,432 per sqft on registered sales.

PIX© price · 14.3% YoY
1.87MAED
Typical
1,397AED
PSF
Gross yield
4.7%
PIX© rent ÷ PIX© price
Sale records
616
DLD · all time
Rent contracts
1,424
Ejari · all time
The Residence At Business Central

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
661 – 2,603 sqft
2281.87M1,39714.3%87K4.7%
Residential
1 Bed · Apartment
682 – 1,879 sqft
142
2 Bed · Apartment
1,026 – 1,867 sqft
60
3 Bed · Apartment
1,780 – 2,603 sqft
9
Commercial
Office
Shop
661 – 1,875 sqft
17
Sales — Project-Wide616 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
7 Aug 20261 BedThe Residences At Business Central · Floor 221,4411,693,6261,176-15.7%StandardStandard Sale
28 Jul 20263 BedThe Residences At Business Central · Floor 81,7812,503,4841,405+56.5%StandardStandard Sale
22 Jun 20261 BedThe Residences At Business Central · Floor 11925499,999541CompletionStandardStandard Sale
Rentals — Project-Wide1,424 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 210 rentals
Floors 2-8 · 62 rentals
Floors 9-22 · 148 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
10 Oct 20261 Bed71180,000113Standardrenewal
28 Aug 20263 Bed1,780171,00096Standardrenewal
10 Aug 20262 BedThe Residences At Business Central · Floor 12A1,331105,00079+17.0%Entry Levelnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Business Bay

The closest-priced registered projects in Business Bay.

Common questions about The Residence At Business Central

Answered from Dubai Land Department registered transactions.

How much does a property in The Residence At Business Central cost?

Property in The Residence At Business Central sells at a current PIX© price of AED 1,397 per sqft, or about AED 1,867,230 for a typical unit, based on 616 sales registered with the Dubai Land Department.

Is The Residence At Business Central completed?

Yes. The Residence At Business Central is recorded as completed in the Dubai Land Department project register (completed q1 2013).

Who is the developer of The Residence At Business Central?

The Residence At Business Central is developed by DAMAC STAR PROPERTIES (L L C), the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in The Residence At Business Central?

The Residence At Business Central yields 4.7% gross, calculated from current PIX© rent against current PIX© sale price, across 1,424 registered Ejari contracts.

How many units are in The Residence At Business Central?

The Residence At Business Central holds 228 registered units, per the Dubai Land Department unit register.

Have prices in The Residence At Business Central gone up or down?

Price per sqft has fallen -14.3% over the last 12 months, to AED 1,397, across 616 registered sales.