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The Ritz-Carlton Residences Business Bay in Dubai
The Ritz-Carlton Residences Business Bay in Dubai, UAE, is a new luxury project by the Khamas Group developer and Marriott International, the major hotel brand. The 18-storey building on the banks of the Dubai Canal includes premium furnished 1- to 3-bedroom apartments. Two luxurious 3-bedroom penthouses occupy the upper floors. An exclusively designed 4-bedroom duplex villa is also available for purchase. The tower offers 66 residences ranging in size from 133 to 1,243 m².
Residents will have access to world-class amenities:
- spa and beauty centre;
- a state-of-the-art gym;
- swimming pool with spacious lounge area and bar;
- conference room;
- lounge and cigar room;
- residents' café and banqueting hall;
- private cinema;
- library;
- barbecue zone;
- children's playground;
- doorkeeper and concierge services.
The complex provides first-class a la carte hotel service – from limousine booking and tickets to sporting and entertainment events, cleaning, food delivery and pet care.
Completion is scheduled for Q2 of 2025. Prices start from AED 6.2 million ($1.69 million) for a one-bedroom flat.
The Ritz-Carlton Residences in Business Bay
The project is under construction in the Business Bay business community with developed transport infrastructure. Marasi Drive and Al Khaail Road are nearby. In 5 minutes, you can enter the main thoroughfare of Dubai Sheikh Zayed Road.
Moreover, Dubai's vibrant city centre with the Burj Khalifa skyscraper, the most recognized shopping mall, Dubai Mall, and the famous dancing fountains is 10–12 minutes’ drive away. The Dubai Canal waterfront is at your doorstep.
Authentic Ras Al Khor Nature Reserve and the trendy Dubai Design District are an 11-minute drive away. Dubai International Airport and Business Centre are at most 15 minutes away. Meydan Racecourse and Dubai Marina resort community with marina are 20 minutes by car.
The following factors contribute to the high payback potential of the residences offered:
- The Ritz-Carlton brand, a well-known chain of various luxury developments, is associated with prestige.
- The Business Bay area attracts business people and professionals from all over the world. Properties in the community are in steady demand and good quality, so investors can expect good returns.
Apartments in The-Ritz Carlton Residences Business Bay
The high-rise complex has available:
- 13 one-bedroom apartments with an area of 133–208 m²;
- 26 two-bedroom apartments with an area of 204–304 m²;
- 24 three-bedroom apartments with an area of 287–322 m².
All residences are fully furnished and have balconies and panoramic windows with sweeping views of Dubai Canal and the fabulous city. The developer used premium materials in the finishing like natural oak and marble. The 2- and 3-bedroom apartments have private plunge pools in terraces with marble floors.
Penthouses in The-Ritz Carlton Residences Business Bay
The eye-catching project offers two penthouses of 569 m² and 593 m². The luxury residences feature three bedrooms with walk-in wardrobes and chic en-suite bathrooms, a huge terrace with lounge and swimming pool areas, a full perimeter kitchen with a dining area, a separate living room, a laundry room and a guest bathroom. The finishing is made according to an individual project. Buyers can purchase the penthouse at a price starting from AED 30 million ($8.17 million).
Villas in The-Ritz Carlton Residences Business Bay
The 4-bedroom duplex villa with a 15-metre swimming pool and a private garden occupies 1,243 m². The ground floor features a spacious living room with amazing double-height ceilings, a master bedroom with a dressing room, a dining room, indoor and outdoor kitchens, a private lift, a guest bathroom, a pantry, a maid's room, a balcony, and a terrace. The first floor is occupied by bedrooms with exquisite en-suite bathrooms and dressing rooms and another terrace. The interior design throughout is dominated by natural beige tones with bronze and dark brown accents.
Villas in The Ritz-Carlton Residences Business Bay are available for a minimum of AED 63 million ($17.15 million) or more.
The Ritz-Carlton Residences Business Bay by Khamas Group
Luxurious properties in The Ritz-Carlton Residences Business Bay for investment by Khamas Group is a profitable investment. Prices in projects under construction are most attractive at the initial sale stage. If you buy property (say, an apartment) today, you can resell it after completion with a 20–30% profit.
The cost of ready housing is also steadily increasing. The average projected price growth for a property cost in the Emirates for 2023 is 13.5%, but it can be higher in prestigious communities. For example, prices in the Business Bay area rose by 29 per cent last year.
You can also opt for rental income. The average return on investment for 1-bedroom apartments in the community is 5.7% per annum. Hence, buying luxury properties in Dubai on a favourable instalment payment plan from the developer is a great investment option.
