The 18-floor waterfront development along the Dubai Water Canal features one to six-bedroom residences managed by The Ritz-Carlton brand, introducing a new standard of branded luxury living in one of Dubai’s most central business districts.
Construction officially began on January 14, 2026, with the project operating on a 10/55/35 payment plan: 10% down payment at launch, 55% during construction in four installments, and 35% on handover in mid-2027.
Unit configurations and pricing:
- One to three-bedroom apartments: pricing to be confirmed
- Four-bedroom residences: 5,629 to 6,583 sq ft, starting from AED 30 million
- Six-bedroom penthouses: 12,680 to 12,853 sq ft, priced from AED 60 million to AED 65 million
Each residence is delivered fully furnished with natural oak flooring, marble surfaces, floor-to-ceiling windows, and expansive private decks featuring exclusive plunge pools overlooking Downtown Dubai and the Dubai Water Canal.
“The Ritz-Carlton Residences at Business Bay represents the pinnacle of luxury residential living, seamlessly blending legendary service with unparalleled sophistication,” according to project materials.
The development offers 24/7 concierge services, housekeeping, valet parking, a state-of-the-art fitness center, spa and wellness facilities, a resort-style swimming pool, and on-site fine dining managed by The Ritz-Carlton hospitality team.
Business Bay’s strategic location provides direct access to Sheikh Zayed Road and Al Khail Road, with Downtown Dubai and Burj Khalifa within walking distance. Dubai International Airport is a 20-minute drive, while Dubai Marina is 15 minutes away via Sheikh Zayed Road.
Transaction data shows sustained demand for branded residences in the tower, with recent sales including a two-bedroom apartment for AED 12.3 million in March 2025, a three-bedroom for AED 12.2 million in November 2024, and a four-bedroom for AED 27.2 million in August 2024.
The project is offered as freehold property, allowing full ownership rights for both local and international buyers. A 4% government registration fee applies to all transactions.
Kappa Acca Real Estate Development owns the project, with The Ritz-Carlton providing management and hospitality services. The developer has positioned the tower as a long-term investment targeting high-net-worth buyers seeking turnkey luxury residences in Dubai’s central business corridor.
The launch adds to ongoing momentum in Dubai’s off-plan apartment market, which recorded AED 17.5 billion in sales in March 2026. Business Bay continues to attract significant development activity, with commercial property prices rising 28% year-on-year in early 2026 despite regional challenges.
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