The Quayside is an Ellington Properties tower on the Dubai Water Canal in Business Bay. It is 118 homes, from 542 square foot studios up to a single penthouse of just over 10,000 square feet, with freehold title and an anticipated service charge of AED 18 per square foot.
Ellington describe it as being in the heart of Business Bay, and the connectivity backs that up. The project brief puts Business Bay metro station 5 minutes away, Dubai Mall and Burj Khalifa at 11 minutes, the Museum of the Future at 12 and DIFC at 16. Nothing else in the drive time list is under 11 minutes, so this is a metro and Downtown play rather than a beach one.
The Quayside at a glance
| Property Name | The Quayside |
| Developer | Ellington Properties |
| Location | Business Bay, Dubai |
| Property Type | Apartments and penthouse |
| Unit Types | Studios, 1 bedroom, 2 bedroom plus maids and 3 bedroom apartments, plus one penthouse |
| Total Units | 118 |
| Sizes | 542 sq ft to 10,004 sq ft |
| Size basis | As published by Ellington Properties in the project brief |
| Starting Price | Not published by the developer. Price on request |
| Payment Plan | 20 percent on booking, the balance across construction milestones, 30 percent on completion |
| Handover | Not stated in the launch collateral. Confirm with the developer before you commit |
| Service Charge | AED 18 per sq ft |
| Ownership | Freehold |
| Project Status | Off plan |
| Building | Canal facing tower in Business Bay |
| Parking | 1 space for studios, 1 and 2 bedroom homes, 2 spaces for 3 bedroom homes |
| Lifts | 3 passenger lifts and 1 service lift |
Unit mix and sizes
| Type | Units | Size range |
|---|---|---|
| Studio | 15 | from 542 sq ft |
| 1 Bedroom | 46 | 758 to 986 sq ft |
| 2 Bedroom + Maids | 42 | 1,420 to 1,567 sq ft |
| 3 Bedroom | 14 | from 1,739 sq ft |
| Penthouse | 1 | from 10,004 sq ft |
One and two bedroom homes are 75 percent of the building between them. Note that every two bedroom here comes with a maids room, which is unusual at this size and matters to the family tenant market. The single 10,004 square foot penthouse is roughly six times the largest three bedroom and is the only one of its kind in the building.
The published schedule is a multi column grid that does not reproduce reliably in text form, and the extracted rows do not total 100 percent. The headline terms above are safe. Request the signed schedule through Cresco rather than relying on any online summary.
Questions answered
Who is the developer of The Quayside? Ellington Properties, a Dubai based design led developer founded in 2014.
Where is The Quayside? Business Bay, Dubai.
When is handover? Not stated in the launch collateral. Confirm with the developer before you commit
Is The Quayside freehold? Yes. The developer states freehold ownership, which is open to all nationalities.
What is the payment plan? 20 percent on booking, the balance across construction milestones, 30 percent on completion
What is the service charge? AED 18 per sq ft, as anticipated by the developer.
What is the starting price? Ellington has not published a price list in this collateral. Contact Cresco Real Estate for current availability and pricing.
Is The Quayside on the canal? Yes. It sits on the Dubai Water Canal in Business Bay. Ellington place it in the heart of the district.
How far is the metro? 5 minutes to Business Bay metro station according to the developer drive time table, the closest landmark on their list by some margin.
About Business Bay
Business Bay is the commercial and residential district immediately south of Downtown Dubai, built around the Dubai Water Canal extension of Dubai Creek. It is freehold and open to all nationalities. It has the deepest tenant pool in Dubai for one and two bedroom stock because of its proximity to Downtown and DIFC, and correspondingly the heaviest competing supply. Canal frontage is the differentiator within it.
Ellington Properties has delivered across Downtown Dubai, Jumeirah Village Circle, Mohammed Bin Rashid City, Palm Jumeirah, Dubai Hills Estate and Ras Al Khaimah. The house style is consistent: art led lobbies, heavy amenity decks and interiors designed in house rather than outsourced.
What the developer does not tell you
No anticipated completion date appears in this launch pack. Get it in writing on the SPA.
The service charge is marked anticipated, not committed.
The size basis is not split into internal and outdoor area here as it is on some other Ellington projects. Ask which measurement applies before you compare price per square foot against a neighbouring tower.
Business Bay has heavy competing supply. Ask how many comparable units are handing over in the same window within a one kilometre radius, because that is what sets your rent on day one, not the specification of this building.
Every figure on this page is taken from Ellington Properties official project collateral. Cresco Real Estate LLC, RERA ORN 34288.
More about Business Bay
Read the Cresco area guide to Business Bay. Prices, rental yields, handover timelines, schools, commute times and what actually sells there.
Open the Business Bay area guide
You may also want to read how buying off plan works and work out the rental yield.
What buyers actually registered in Business Bay
Dubai Land Department registered transactions, not advertised asking prices.
Between 30 June 2026 and 18 August 2026, 655 residential sales were registered in Business Bay. The median was AED 1,738,630 and the middle half fell between AED 1,217,500 and AED 2,850,004.
For the unit type this project leads with, Studio, the registered median in Business Bay was AED 985,000 across 118 sales, at AED 2,085 per square foot and a median size of 448 sq ft.
| Registered median price, Business Bay | AED 1,738,630 |
| Middle half of registered sales | AED 1,217,500 to AED 2,850,004 |
| Registered median per sq ft | AED 2,121 |
| Registered median unit size | 880 sq ft |
| Share bought off plan | 38% |
| Ready stock, median per sq ft | AED 1,849 from 406 sales |
| Off plan stock, median per sq ft | AED 2,584 from 249 sales |
| Registered residential sales in the period | 655 |
Registered sales by bedroom count in Business Bay
| Type | Sales | Median price | Per sq ft | Median size |
|---|---|---|---|---|
| Studio | 118 | AED 985,000 | AED 2,085 | 448 sq ft |
| 1 B/R | 215 | AED 1,540,000 | AED 2,072 | 813 sq ft |
| 2 B/R | 112 | AED 2,464,270 | AED 1,855 | 1,366 sq ft |
| 3 B/R | 36 | AED 4,490,726 | AED 2,303 | 2,089 sq ft |
Source: Dubai Land Department open data. Registered sales of residential units between 30 June 2026 and 18 August 2026. Mortgages and gift transfers are excluded because they are not arms length sales. Sizes are converted from square metres at 10.7639 sq ft per sq m. The entry price shown for this project is our advertised starting price and is not a registered transaction. Community figures are medians across every project in the community, not this project alone. We do not publish a price per square foot for this project because advertised size ranges are not a reliable basis for that calculation.
What actually transacted in Business Bay
Before you judge a launch price, look at what the community around it registered. Over the last twelve months Business Bay recorded 19,309 registered rental contracts and 2,646 ready sales, all filed with the Dubai Land Department. These are signed contracts, not asking prices.
Rent registered at AED 119 per sqft against a ready sale price of AED 1,986 per sqft. That is a gross yield of 6.0% on ready stock in this community.
We use ready sale prices rather than blended prices deliberately. You cannot rent a home that has not been handed over, so an off plan launch price in a yield calculation produces a number that cannot happen.
Registered rents in Business Bay moved +2.3 against the twelve months before.
The shorter window disagrees. On the most recent three months of contracts the same community reads -10.4%. Summer seasonality and smaller samples both sit inside that number, but we publish it rather than quote only the figure that flatters the market.
| Unit type | Contracts registered | Average annual rent (AED) | Rent per sqft (AED) | Change vs 12 months earlier |
|---|---|---|---|---|
| Studio | 4,452 | 68,967 | 145 | +0.7 |
| 1 bedroom | 8,033 | 93,568 | 120 | +2.1 |
| 2 bedroom | 5,152 | 134,111 | 102 | +3.3 |
| 3 bedroom | 1,540 | 187,515 | 93 | +4.6 |
| All apartments | 19,309 | 108,453 | 119 | +2.3 |
Full Business Bay guide · Live Dubai market update · Run these numbers on a specific unit
Data verified 31 August 2026. Dubai Land Department registered transactions via Bayut TruView, rolling 12 months to August 2026.
