Distress Deal: 1BR 2-Bath at The Quayside by Ellington, Business Bay, Dubai — AED 1.7M | AED 200K Below Seller’s Total Cost

1-Bedroom Apartment for Sale in The Quayside, Business Bay — Selling Below All-In Acquisition Cost

A financially motivated seller is exiting their 1-bedroom, 2-bathroom apartment at The Quayside by Ellington Properties in Business Bay, Dubai at AED 1,700,000 — AED 200,000 below their total acquisition cost of AED 1,900,000 (original purchase price plus 4% DLD already paid). This is one of Business Bay’s most design-focused residential addresses, developed by Ellington Properties — Dubai’s most awarded boutique developer — and scheduled for handover in Q1 2026. At AED 2,237 per sq ft on a 760 sq ft layout with Burj Khalifa and canal views, this 1BR Quayside Business Bay for sale represents a near-handover entry into an Ellington building at a price the seller has confirmed they cannot hold.

Property Highlights

• Project: The Quayside by Ellington Properties
• Location: Marasi Drive Street, Business Bay, Dubai, UAE
• Unit Type: 1-Bedroom | 2-Bathroom
• Size: 760 sq ft
• Floor: Medium Floor
• View: Burj Khalifa and Dubai Water Canal (exact orientation on request)
• Asking Price: AED 1,700,000
• Seller’s All-In Cost (OP + DLD paid): AED 1,900,000
• Your Saving vs Seller’s Total Cost: AED 200,000 (10.5%)
• Price Per Sq Ft: AED 2,237
• Handover: Q1 2026 (March 2026) — near-to-handover
• Developer: Ellington Properties
• Status: Off-Plan Distress Resale | Near to Handover
• Payment Plan: Original 70/30 (20% down, 50% construction, 30% handover)
• Ownership: Freehold — all nationalities eligible
• Parking: 1 covered space (standard for 1BR units)
• Listing Reference: QUAYSIDE-BB-1BR-001

About The Quayside and Ellington Properties

The Quayside is a mid-rise residential tower of approximately 15–20 floors, comprising 118 total units — studios, 1, 2, and 3-bedroom apartments, and a single 5-bedroom penthouse — positioned on Marasi Drive Street in Business Bay, directly adjacent to the Dubai Water Canal Boardwalk. The project is Ellington Properties’ debut in prime Business Bay, bringing the developer’s signature design-led philosophy — floor-to-ceiling glass, considered natural light, premium finishes, and wellness-centred amenity design — to one of Dubai’s most central waterfront postcodes.

Ellington Properties, founded in 2014, is Dubai’s most recognised boutique luxury developer by both industry awards and buyer sentiment. The company’s DT1 project in Downtown Dubai won the Arabian Business Best Luxury Project award; Ellington House won three 2023–2024 International Property Awards for Best Kitchen Design, Best Residential Interior Show Home, and Best Bathroom Design. Ellington’s projects attract owner-occupiers and long-term investors who prioritise build quality and design integrity — a profile that supports above-market resale and rental values relative to comparable Business Bay addresses.

Community & Lifestyle

• Business Bay is Dubai’s central business and lifestyle district, bordering Downtown Dubai, DIFC, and the Dubai Water Canal promenade
• Direct access to the Dubai Water Canal Boardwalk — a 3.2 km waterfront leisure corridor with cycling paths, running tracks, restaurants, and canal-side dining
• Walking distance to City Walk, Safa Park, and the Coca-Cola Arena entertainment hub
• 7-minute drive to Business Bay Metro Station (Red Line), connecting to Union Station and the wider RTA network
• Active short-stay rental market driven by proximity to Downtown Dubai tourism traffic and DIFC corporate demand
• Business Bay 1BR apartments generate estimated gross rental yields of 6–8% per year due to consistent expat professional and corporate tenant demand

Amenities

• Resort-style pool deck with panoramic city views
• Dedicated kids pool and outdoor play area
• Professional fitness studio with modern equipment
• Residents’ clubhouse and social lounge
• Spa rooms for wellness and relaxation
• Zen room — dedicated meditation and mindfulness space
• Pizza oven and BBQ entertaining area
• Direct resident access to Dubai Water Canal Boardwalk
• 24/7 security, CCTV, and building maintenance
• Three high-speed passenger elevators and a service lift
• Fully equipped kitchens (gas stove, oven, fridge, freezer, microwave, dishwasher) in all units
• Built-in wardrobes and premium finish throughout all apartments

Layout & Floor Plan

The 1-bedroom configuration at The Quayside comprises a master bedroom with en-suite bathroom, a powder room (the second bathroom, accessible from the living area), a dedicated laundry room, an open-plan living and dining area, a fully equipped open-concept kitchen, and a balcony. The layout spans 760 sq ft with Ellington’s signature approach to natural light and spatial efficiency — wider-than-standard rooms, no wasted corridor space, and floor-to-ceiling glass throughout. The detailed floor plan for this specific unit at The Quayside, Business Bay — including the exact stack position, unit number, balcony dimensions, and view orientation — is available on request.

Payment & Handover

The original Ellington payment structure for The Quayside is 70/30: 20% on booking, 50% across construction-linked milestones, and 30% on handover (Q1 2026). As a distress resale, the buyer steps into the seller’s outstanding obligations — primarily the 30% handover tranche remaining before keys transfer. The seller’s total all-in cost was AED 1,900,000 (original purchase price plus 4% DLD fee already paid on their behalf). The buyer purchases at AED 1,700,000 — meaning the buyer inherits AED 200,000 of built-in equity against the seller’s recorded total cost — and is additionally responsible for their own DLD transfer fee of 4% (AED 68,000) and trustee/conveyancing fees (~AED 4,200), bringing the total indicative all-in cost for the buyer to approximately AED 1,772,200. The full outstanding installment schedule and balance breakdown are available on request from the listing agent quoting reference QUAYSIDE-BB-1BR-001.

Location & Connectivity

• Dubai Water Canal Boardwalk: Direct access — steps from the building
• XL Tower Bus Stop (buses 26, 50, F19B, F41): ~2 min walk
• Downtown Dubai / Burj Khalifa: ~10–12 min drive
• Dubai Mall: ~10 min drive
• DIFC / Financial Centre: ~10 min drive
• City Walk: ~8 min drive
• Museum of the Future: ~10 min drive
• Business Bay Metro Station (Red Line): ~7 min drive
• Safa Park: ~10 min drive
• Dubai International Airport (DXB): ~15–20 min drive
• Dubai Marina / JBR: ~25 min drive
• Direct access via Sheikh Zayed Road (E11) and Al Khail Road (E44)

Why Invest in The Quayside, Business Bay

• Below seller’s full cost: AED 1,700,000 is AED 200,000 below what the seller paid all-in (OP + DLD). The buyer enters with AED 200,000 of built-in equity against the seller’s verifiable total acquisition cost
• Ellington premium at Business Bay pricing: Ellington residences consistently trade at resale premiums versus non-branded Business Bay stock. Buying below the seller’s cost in an Ellington building means entering at a discount to a premium that the secondary market will sustain
• Near-handover, low remaining risk: Q1 2026 handover means the buyer absorbs only one remaining payment milestone — the 30% handover tranche — with no prolonged construction exposure. The unit delivers in months, not years
• Strong rental yield at ask: At AED 1,700,000, estimated annual rent of AED 100,000–120,000 generates a gross yield of 5.9–7.1% — consistent with Business Bay’s established 1BR yield range of 6–8%
• Canal boardwalk access: Direct resident access to the Dubai Water Canal Boardwalk adds a lifestyle premium that drives above-average rental occupancy and short-stay income for this unit type
• 2-bath 1BR configuration: A 1-bedroom apartment with 2 bathrooms is a commercially superior rental product — the powder room significantly increases the unit’s appeal to professional couples and short-stay guests compared to standard 1BR/1-bath configurations at the same price point
• Golden Visa pathway: At AED 1,700,000, this purchase clears the AED 750,000 investor visa threshold. Buyers who upgrade to the market-comparable price of AED 1,900,000+ in the same building will access the 10-year Golden Visa

Frequently Asked Questions (FAQs)