AED 3,700,000Furnished
Burj Khalifa & Downtown Views | Semi-Furnished
Paramount Tower Hotel & Residences, Business Bay
- 3 beds
- 4 baths
- 1,586 sq ft
Business Bay Market Report: Q3 2026
In Q3 2026, the median apartment price in Business Bay was AED 2,076 per sq ft, across 961 residential sales transactions worth AED 2.49 billion, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
Q3 2026, compared with Q2 2026
- 961
- Residential sales transactions +1.5%
- AED2.49 billion
- Sales value −5.4%
- AED2,076
- Apartments, median price per sq ft −10.5%
- 37%
- Off-plan share of sales 353 off-plan sales
- 5,606
- New lease registrations (Ejari) +110.0%
- AED113
- Apartment rent per sq ft, a year −0.8%
- 6.3%
- Gross rental yield, apartments −0.1 pts
Apartments, median price per sq ft
Apartment rent, median per sq ft a year
Villa and townhouse rent, median a year
Lighter bars: fewer than 30 leases
Apartment sales
Off-planReadyTotal sales
Apartment lease registrations
NewRenewedTotal lease registrations
Homes in Business Bay
AED 1,390,000Furnished
High Floor | Vacant On Transfer | Fully Furnished
Aykon City Tower C, Business Bay, Dubai, UAE, Business Bay
- 2 beds
- 2 baths
- 799 sq ft
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FAQ
How many residential sales transactions were recorded in Business Bay in Q3 2026?
Residential sales transactions in Business Bay totalled 961 in Q3 2026, worth AED 2.49 billion. Sales rose 1.5% quarter-on-quarter. Off-plan sales accounted for 37% of the total and owner resales 53%.
What is the price per sq ft in Business Bay?
The median apartment price in Business Bay was AED 2,076 per sq ft in Q3 2026, across 936 sales; it declined 10.5% quarter-on-quarter, and was 23% above the Dubai median.
Are property prices in Business Bay going up or down?
The median apartment price in Business Bay declined 19.7% between Q1 2026 and Q3 2026, from AED 2,586 to AED 2,076 per sq ft.
| Quarter | Sales | Value | Apartments, per sq ft | Villas, median | New lease registrations | Apartment rent, per sq ft | Gross yield |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 1,783 | AED 5.11 billion | AED 2,586 | – | 2,971 | AED 134 | 7.1% |
| Q2 2026 | 947 | AED 2.63 billion | AED 2,318 | – | 2,670 | AED 114 | 6.4% |
| Q3 2026 | 961 | AED 2.49 billion | AED 2,076 | – | 5,606 | AED 113 | 6.3% |
How much does a home in Business Bay cost by number of bedrooms?
In Business Bay in Q3 2026, median prices were AED 1.6 million for a 1-bedroom apartment (441 sales); AED 2.5 million for a 2-bedroom apartment (214 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| Studio | 211 | AED 1.0 million | AED 2,133 |
| 1-bed | 441 | AED 1.6 million | AED 2,099 |
| 2-bed | 214 | AED 2.5 million | AED 1,983 |
| 3-bed | 76 | AED 3.6 million | AED 1,852 |
| ⚠4-bed | 15 | AED 6.7 million | AED 2,586 |
| ⚠6-bed | 3 | AED 20.0 million | AED 3,203 |
What is the average rent in Business Bay?
The median rental rate on new apartment lease registrations (Ejari) in Business Bay was AED 113 per sq ft a year in Q3 2026, across 5,516 registrations. New villa and townhouse lease registrations had a median rental rate of AED 706,077 a year, across 3 registrations. 5,606 new leases and 2,652 renewals were registered with Ejari.
What is the rental yield in Business Bay?
The gross rental yield on ready apartments in Business Bay was 6.3% in Q3 2026, comparing median new rents with median ready sale prices per sq ft.
How much does property in Business Bay cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in Business Bay in Q3 2026, the median apartment price of AED 2,076 per sq ft is approximately $565 per sq ft; the median new apartment rental rate of AED 113 per sq ft a year is approximately $31.
How many prime sales were recorded in Business Bay?
33 prime sales (AED 10 million and above) were recorded in Business Bay in Q3 2026, worth AED 746 million and accounting for 3.4% of sales. Villas and townhouses accounted for 0 of them and off-plan sales for 29. They included 4 super-prime sales ($10 million and above, approximately AED 37 million), worth AED 194 million.
How does Business Bay compare with Dubai?
The median apartment price in Business Bay was 23% above the Dubai median in Q3 2026, at AED 2,076 per sq ft compared with AED 1,692.
| Measure | Business Bay | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 2,076 | AED 1,692 |
| New apartment rent, per sq ft a year | AED 113 | AED 94 |
| Gross yield, apartments | 6.3% | 6.8% |
| ⚠Villa rent, median a year | AED 706,077 | AED 180,000 |
| Off-plan share of sales | 37% | 69% |
Which buildings in Business Bay recorded the most sales?
Binghatti Aquarise by Binghatti recorded the most sales of any building in Business Bay in Q3 2026, with 57 sales worth AED 118 million.
| Building or sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| Binghatti AquariseBusiness Bay | Binghatti | 57 | AED 118 million | 100% | AED 2,405 |
| RegaliaBusiness Bay | Deyaar | 54 | AED 70.5 million | 63% | AED 1,751 |
| Peninsula FourBusiness Bay | Select Global | 48 | AED 103 million | 0% | AED 2,458 |
| Peninsula ThreeBusiness Bay | Select Group | 38 | AED 69.5 million | 0% | AED 2,604 |
| One by BinghattiBusiness Bay | Binghatti | 33 | AED 83.5 million | 100% | AED 2,205 |
| Damac Towers By ParamountBusiness Bay | DAMAC | 32 | AED 61.7 million | 0% | AED 1,317 |
| The EDGEBusiness Bay | Select Global | 30 | AED 43.4 million | 100% | AED 2,249 |
| ⚠Peninsula TwoBusiness Bay | Select Global | 25 | AED 41.0 million | 0% | AED 2,562 |
| ⚠Prive By DamacBusiness Bay | DAMAC | 22 | AED 22.2 million | 0% | AED 2,013 |
| ⚠Al Habtoor CityBusiness Bay | Al Habtoor | 21 | AED 77.8 million | 0% | AED 1,743 |
Which developers recorded the most off-plan sales in Business Bay?
Binghatti recorded the most off-plan sales in Business Bay in Q3 2026, with 135 sales worth AED 761 million, accounting for 38% of off-plan sales. It was followed by Deyaar (50), Select Global (30).
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| Binghatti | 135 | AED 761 million | 38% |
| Deyaar | 50 | AED 96.4 million | 14% |
| Select Global | 30 | AED 43.4 million | 8% |
| Al Habtoor | 20 | AED 71.3 million | 6% |
| Ellington | 19 | AED 72.0 million | 5% |
| Danube | 17 | AED 40.2 million | 5% |
| DAMAC | 13 | AED 28.7 million | 4% |
| Urban | 12 | AED 23.9 million | 3% |
What do the figures mean?
- Median price
- The middle sale price once all sales are ranked: half of sales were above it and half below. Used instead of the average so a few very large sales don't distort the figure.
- Price per sq ft
- Sale price divided by the registered area in square feet, then the median across sales. Reported for apartments; villa records often carry the plot size, so villas are reported per home.
- Off-plan and ready
- Off-plan sales are homes sold before completion; ready sales are completed homes, including owner resales and developers' completed stock.
- Sub-community and building
- Where DLD records a home: a sub-community for villas and townhouses (for example Raya in Arabian Ranches 3), a building for apartments, or the project name for off-plan homes.
- Ejari
- Dubai's official lease registration system. Rents here are new Ejari leases registered in the period; renewals are counted separately.
- Gross rental yield
- Median new annual rent divided by the median ready sale price, before costs. Shown only between 3% and 12%; outside that range the pairing reflects data errors rather than a yield.
- DLD area and community
- The Dubai Land Department records sales and leases by official area, which can differ from the name people use. Each report names the DLD areas it covers.
- ⚠ Small sample
- A figure based on fewer than 30 sales or leases. It is shown, but can move a lot from period to period.
How should this report be cited?
Richmond Properties (2026). Business Bay Market Report: Q3 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/business-bay/2026-q3. Licensed CC BY 4.0.
In copy: “according to Richmond Properties’ analysis of Dubai Land Department data”.
Figures are Dubai Land Department open data for Q3 2026 (July to September), compared with Q2 2026. Sales are counted by transaction date and cover homes only: apartments, hotel apartments, villas and townhouses (including villa plots). Offices, shops, hotel rooms, development land and labour accommodation are excluded. Rents are new Ejari leases; leases are assigned to a community through their building or sub-community where DLD files them under a different district. 2 transactions identified as recording errors are excluded. Figures and text are generated from Dubai Land Department data by Richmond Properties’ reporting system. Data as of 2 November 2026. This report is for general information and is not financial or investment advice.