The Quayside by Ellington

The Quayside is the first residential development by Ellington Properties in the thriving area of Business Bay. Prospective property buyers can choose from a selection of studios and 1–3 bedroom apartments, in addition to an exclusive 5-bedroom penthouse with stunning Burj Khalifa and Dubai Downtown views. There are 118 residential units in total, with sizes ranging from 542 sq. ft to 10,004 sq. ft.

The Quayside is the first residential development by Ellington Properties in the thriving area of Business Bay. Prospective property buyers can choose from a selection of studios and 1–3 bedroom apartments, in addition to an exclusive 5-bedroom penthouse with stunning Burj Khalifa and Dubai Downtown views. There are 118 residential units in total, with sizes ranging from 542 sq. ft to 10,004 sq. ft.

In terms of the layouts, each residence will come with a balcony, whilst select units will feature a maid’s room for the utmost convenience of homeowners. Other key features of the apartments include a laundry room and a powder room. The design of the upscale properties will be executed in a minimalistic nautical theme, reminiscent of the Dubai Water Canal, which surrounds the complex.

Among a myriad of world-class amenities available onsite, it is worth noting the following:

• Zen room
• Pizza oven — a barbecue area
• Spa rooms
• Clubhouse
• Fitness studio
• Children’s pool
• Pool deck
• Pool loungers
• EV charging station + bicycle
• Cabanas
• Leisure & lounge pool
• Cascading waterfall
• Outdoor and indoor children’s play areas

One of most distinctive perks of The Quayside is that the properties will provide direct access to the Dubai Water Canal Boardwalk.

As well as all that, owners of studios and 1-2 bedroom apartments will be granted 1 parking space, whilst 3-bedroom units will have 2 designated spots.

Property Information

• Location Business Bay, Dubai, UAE
• Developer Ellington Properties
• Status of Project In progress
• Type of Project Residential Tower
• Available Units Studios-3BR Apartments, 5BR Penthouse
• Area from 542 sq. ft.
• Total Amount of Units 118
• Payment Plan 70/30

Property Prices

As of Q2 2023, the initial purchase price for 1-bedroom apartments stands at AED 1.78M (USD 485K). The anticipated service charge amounts to AED 18 (USD 5) per sq. ft.

*The price is valid for 2023

Location

The Quayside is nestled alongside the Sheikh Zayed Road and Meydan Road, which is not far from Al Habtoor City. Within close proximity of the development there is the Al Quoz, Dubai Municipality Center 2 and Godolphin Marine Transport Station, among other public transport links, which allow for easy commutes across the rest of the emirate.

The highly anticipated complex will be surrounded by an array of social facilities, including schools, supermarkets, medical institutions and much more. These include:

• LuLu Express — Al Quoz, Allday Fresh — Al Habtoor City
• Al Faris Mall
• Global Indian School, Old Safa British School, Lycée français Jean Mermoz
• Dr Prabbs Upal (dentist)

The destinations mentioned above are located about a 20-minute walk away from The Quayside. It will take the same amount of time to reach Dubai Bowling Center and DeepDark Dubai — Horror/Escape Game. For more leisure options, you can go to Downtown Dubai, which is just over a 5-minute drive away. Here you will find a vast range of iconic attractions, including the Burj Khalifa, Dubai Mall, Dubai Opera and The Dubai Fountain, just to name a few.

Economic Appeal

The Quayside is scheduled for completion in Q1 2026, enabling you to benefit from a lucrative 70/30 payment plan, with a 20% booking fee while the complex is off-plan. The properties here will be a perfect commercial investment, as the ROI in Business Bay has reached 6%, as of April 2023. The starting rental cost in this area amounts to AED 60K (USD 16K) per annum. You also have the opportunity to resell your unit at a lucrative price after having paid 40% of its total value.

Another appealing perk of The Quayside is that with a minimum real estate investment of AED 750K (USD 204K), you can obtain a 2 year visa. Another option is a 10-year Golden Visa worth a minimum of AED 2M (USD 545K), which will allow you to bring unlimited domestic staff to the UAE and get an Esaad card, which grants access to discounts across more than 7,000 brands in the UAE and 92 countries worldwide.

*The price is valid for 2023