1 Bedroom Apartment for Sale in The Crestmark Business Bay Dubai – Distress Deal AED 2.1M

1-Bedroom Apartment for Sale in The Crestmark, Business Bay, Dubai — Distress Deal

Premium 1BR on High Floor | 14th Level | 746 sqft | Handover December 2026 | 7% Below Original Price

This is an exceptional distress deal opportunity in one of Dubai’s most prestigious waterfront developments. A premium 1-bedroom apartment located on the 14th floor of The Crestmark, in the Canal District of Business Bay, Dubai. Priced at AED 2,106,290 — representing approximately 7% below the original price of AED 2,264,828 — with 55% already paid (AED 1,245,655). This off-plan property offers significant value for buyers seeking a prime Business Bay address with canal views and world-class amenities at a discounted entry point.

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Property Highlights

• Property Type: 1-Bedroom Apartment
• Total Size: 746.48 sqft (approximately 69.35 sqm)
• Floor: High Floor — 14th Level
• Location: The Crestmark, Canal District, Business Bay, Dubai, UAE
• Status: Off-Plan | Under Construction
• Handover: December 2026
• Asking Price: AED 2,106,290
• Original Price: AED 2,264,828
• Discount: Approximately 7% below original price
• Amount Paid: 55% already paid — AED 1,245,655
• Ownership: Freehold — available to all nationalities

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About the Project

The Crestmark is an iconic luxury residential tower situated in the heart of Business Bay’s Canal District, developed by Ellington Properties — one of Dubai’s leading boutique luxury developers. This architectural masterpiece offers residents an unparalleled lifestyle, combining sophisticated urban living with breathtaking views of the Dubai Water Canal, Downtown Dubai skyline, and the iconic Burj Khalifa. The building features premium finishes, state-of-the-art facilities, and is designed to cater to discerning professionals, couples, and investors seeking the ultimate Dubai living experience.

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Community & Lifestyle

• Prime Canal District location with direct waterfront access
• Stunning views of the Dubai Water Canal and Downtown skyline
• Walking distance to Dubai Mall and Burj Khalifa via the Canal promenade
• Surrounded by upscale dining, retail, and entertainment venues
• Vibrant business hub with DIFC and Downtown Dubai just minutes away
• Excellent connectivity to major road networks including Sheikh Zayed Road
• Ideal for young professionals, executives, and investors seeking strong rental yield

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Amenities

Apartment Features: Modern open-plan layout, large windows, balcony or terrace, premium fittings, and built-in wardrobes.

Building Amenities: Infinity swimming pool with canal views, fully equipped gymnasium, children’s play area, and multipurpose room.

Lifestyle Facilities: Landscaped podium gardens, BBQ zones, jogging track along the canal, and concierge service.

Nearby Attractions: Dubai Mall, Burj Khalifa, Dubai Opera, Dubai Fountain, and DIFC (Dubai International Financial Centre).

Services: 24-hour security, valet parking, smart home technology, and high-speed elevators.

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Layout & Floor Plan

This 1-bedroom apartment features a thoughtfully designed modern layout maximising the 746.48 sqft of living space. The unit includes a spacious open-plan living and dining area, a modern kitchen with premium appliances, a comfortable bedroom with an en-suite bathroom, a balcony offering canal or skyline views, and ample storage space. Being on the 14th floor, this unit benefits from elevated views and excellent natural light. Detailed floor plans, exact room dimensions, interior specifications, and unit-specific layout drawings for this 1-bedroom apartment in The Crestmark, Business Bay are available upon request.

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Payment & Handover

This is an off-plan property currently under construction with an expected handover in December 2026. The current owner has already paid 55% of the original price (AED 1,245,655). The distress sale price is AED 2,106,290, representing a saving of approximately AED 158,538 from the original listing price. The remaining balance, payment terms, and any applicable transfer fees will need to be coordinated with the developer, Ellington Properties. A standard Dubai Land Department (DLD) fee of 4% applies to the transaction value. A detailed payment breakdown — including the outstanding balance, DLD fees, trustee office charges, and transfer costs — is available on request. Payment plan options may be available through the developer, subject to approval.

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Location & Connectivity

• Dubai Mall and Burj Khalifa: 5–10 minutes’ walk or 3 minutes by car
• DIFC (Dubai International Financial Centre): 5–8 minutes by car
• Dubai Marina and JBR: 15–20 minutes via Sheikh Zayed Road
• Dubai International Airport (DXB): 15–20 minutes by car
• Al Maktoum International Airport (DWC): 40–45 minutes by car
• Dubai Opera and Dubai Fountain: 5–10 minutes by car
• Main Roads: Direct access to Sheikh Zayed Road (E11), Al Khail Road (E44), and Financial Centre Road (D71)
• Dubai Metro: Business Bay Metro Station and Burj Khalifa/Dubai Mall Station within close proximity

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Why Invest in The Crestmark, Business Bay

• Prime Canal District Address: Business Bay is one of Dubai’s most sought-after locations, offering waterfront living with unobstructed views.
• Developer Reputation: Ellington Properties is renowned for delivering boutique luxury residential projects with exceptional design quality, attention to detail, and superior finishes.
• High Rental Demand: Business Bay consistently ranks among the top areas for rental yields in Dubai, particularly for 1-bedroom units targeting professionals working in DIFC, Downtown, and Media City.
• Capital Appreciation Potential: Properties in the Canal District have shown strong appreciation trends, driven by limited supply and a prime central location.
• Distress Pricing Advantage: Acquiring this unit at 7% below the original price, with 55% already paid, provides immediate embedded equity and a reduced risk profile.
• Freehold Ownership: Available to all nationalities — UAE nationals and foreign investors alike — with full freehold title deed upon completion.
• Lifestyle Appeal: An unmatched combination of luxury living, canal views, proximity to key landmarks, and a vibrant urban lifestyle.
• Completion Timeline: The December 2026 handover allows time for capital growth before completion while securing today’s pricing.

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Frequently Asked Questions (FAQs)

1. What is the asking price for this apartment in The Crestmark, Business Bay?

The current distress sale price for this 1-bedroom apartment on the 14th floor of The Crestmark is AED 2,106,290. This represents approximately a 7% discount from the original price of AED 2,264,828, saving buyers around AED 158,538. The seller has already paid 55% of the original purchase price, amounting to AED 1,245,655, making this an attractive opportunity to acquire a premium Business Bay asset at below-market terms.

2. When is the handover date for this apartment?

This off-plan apartment in The Crestmark, Business Bay has an expected handover date of December 2026. The project is currently under construction and progressing towards completion. Buyers should note that handover dates are estimates provided by the developer and may be subject to minor adjustments. Ellington Properties typically provides regular construction updates and more precise timelines as the project nears completion.

3. Who is the developer of The Crestmark in Business Bay?

The Crestmark is developed by Ellington Properties — one of Dubai’s most prestigious boutique luxury real estate developers. Ellington Properties has an impressive portfolio of high-end residential projects across Dubai, including iconic developments in Business Bay, Dubai Marina, and other prime locations. The company is known for its commitment to exceptional design quality, craftsmanship, and delivering world-class living experiences that set new benchmarks in luxury residential real estate.

4. What is the size and layout of this apartment?

This apartment features 1 bedroom with a total built-up area of 746.48 sqft (approximately 69.35 sqm). It is located on the 14th floor, which is considered a high floor, offering elevated views. The layout includes a spacious open-plan living and dining area, a modern kitchen, a comfortable bedroom with an en-suite bathroom, and a balcony. Exact internal dimensions, room sizes, and the detailed floor plan for this specific unit are available upon request.

5. What view does this apartment offer and what floor is it on?

This apartment is located on the 14th floor of The Crestmark tower. Given its position in the Canal District of Business Bay, this unit is expected to offer attractive views of either the Dubai Water Canal, the Downtown Dubai skyline, or partial Burj Khalifa views. The exact view orientation — whether facing the canal, the cityscape, or other aspects — depends on the specific unit’s position within the floor plate. Detailed view information and unit-specific orientation are available on request.

6. Who can purchase this property? Is it freehold?

Yes. This apartment in The Crestmark, Business Bay is 100% freehold. Properties developed by Ellington Properties in Business Bay are available for purchase by all nationalities without restriction — including UAE nationals, GCC citizens, and foreign expatriates or international investors from any country. Upon completion and transfer, the buyer will receive a full freehold title deed from the Dubai Land Department confirming absolute ownership rights.

7. What amenities are available to residents of The Crestmark?

Residents of The Crestmark enjoy access to an extensive range of premium amenities, including an infinity swimming pool with canal and skyline views, a state-of-the-art gymnasium, a children’s play area, a multipurpose function room, landscaped podium gardens, jogging and cycling tracks along the Dubai Water Canal, BBQ areas, concierge services, 24-hour security with CCTV, valet parking, and high-speed elevators. Residents also benefit from the wider Business Bay waterfront promenade, with cafes, restaurants, and retail outlets at their doorstep.

8. What are the payment terms, DLD fees, and additional costs?

This is a distress sale where the current owner has already paid 55% of the original price (AED 1,245,655). The asking price is AED 2,106,290. The buyer would typically need to settle the remaining balance according to the developer’s payment schedule, or negotiate revised terms. The standard Dubai Land Department (DLD) fee of 4% applies to the transaction value — approximately AED 84,252. Additional costs include trustee office fees (approximately AED 4,000–5,000), a potential NOC fee from the developer, and applicable agency commission. A comprehensive cost breakdown detailing all fees, outstanding payments, and transfer costs is available on request.

9. Where is this apartment located and what is its investment potential?

This 1-bedroom apartment is located in The Crestmark tower in the Canal District of Business Bay, Dubai. Business Bay is arguably Dubai’s premier mixed-use development, offering a strategic central position between Downtown Dubai and DIFC with direct frontage onto the Dubai Water Canal. From an investment perspective, Business Bay 1-bedroom apartments are among the most sought-after rental properties in Dubai, commanding premium rents from professionals working in nearby financial, media, and technology hubs. The combination of prime location, Ellington Properties’ brand reputation, canal views, and distress pricing makes this a compelling investment opportunity with strong potential for both rental income and capital appreciation.

10. How can I obtain more information, view the property, or get the floor plan?

To receive the detailed floor plan, architectural drawings, brochure, high-resolution photos, virtual tour link, exact unit number, stack position on the 14th floor, or view orientation details — or to schedule a viewing of the show apartment — please contact our sales team directly. All supplementary documentation, including the original Ellington Properties floor plan, specifications, payment schedule history, service charge estimates, and a comprehensive information pack, can be provided upon request. Given the distressed nature of this sale and the attractive pricing, we recommend expressing your interest promptly to secure this opportunity before it is taken.