DaVinci Tower Business Bay Dubai

DaVinci Tower is DarGlobal's canal-front tower in Business Bay, the first residential building anywhere with interiors by Pagani Automobili. It has 19 or 20 residential levels, depending on the source, over three basements, holding 2 to 4 BHK apartments, duplexes and penthouses. The source listing shows it from AED 5.5 million, about Rs 14.16 crore at Rs 25.75 per dirham, at a printed rate of about AED 4,490 per sq ft. Metropolitan quotes 2 BHKs from AED 6.8 million and the top units at AED 24.5 million.

The tower is finished: Square Yards records completion in September 2025 and DarGlobal says fit-outs are done and handover is under way. What is not settled is the price, because the source listing's AED 5.5 million and AED 4,490 per sq ft describe a unit of about 1,225 sq ft, which is smaller than any 2 BHK Square Yards lists for the building. This page prints all of it, works the cost of a transfer, and sets out the LRS arithmetic that decides whether a resident Indian can buy it.

At a glance

Price and unit pricing

Two numbers in the first row cannot both describe a 2 BHK in this building: at AED 4,490 per sq ft, AED 5.5 million buys about 1,225 sq ft, and the smallest 2 BHK Square Yards lists is 1,784 sq ft. Either the source listing is carrying a rate from a different unit type, or the AED 5.5 million is an older launch price for a 2 BHK, which would put it near AED 3,080 per sq ft. Ask for the unit number and its DLD area before you compare anything. Business Bay apartments average AED 2,300 to 2,770 per sq ft on 2026 guides; the branded premium here is somewhere between 10% and 90% depending on which figure is right.

Payment and total cost

DarGlobal's launch plan was 20% on booking, 20% during construction, 20% on handover and 40% over 24 months after handover. If the developer still holds units, that post-handover tail may be on offer; a resale from an owner is cash or a UAE mortgage at 50 to 60% of value.

The service charge is not published. Branded canal-front towers sit at or above the top of Business Bay's AED 15 to 22 per sq ft range because the branded common areas cost more to run. On 1,784 sq ft every AED 5 per sq ft is about AED 8,900 a year.

Location and connectivity

The tower stands on the Dubai Canal promenade in Business Bay, the stretch that runs from Downtown toward Safa Park, and shares it with Missoni's Urban Oasis and Binghatti's canal towers. Everything in central Dubai is ten to twenty minutes away.

• Dubai Canal promenade: at the door
• Burj Khalifa, Dubai Mall, DIFC: about 10 minutes each
• Business Bay metro: the district's Red Line stop
• Safa Park, Jumeirah: across the canal, about 10 minutes
• Dubai International Airport: about 20 minutes

What it is like: the best-addressed side of Business Bay, walkable along the water, with restaurants on the promenade and construction continuing on neighbouring plots for years.

Amenities and specifications

Every residence carries Pagani-designed interiors: custom furniture, carbon-fibre and leather detailing, and fittings specified by the Pagani design studio. The tower has a canal-front pool, a gym, a spa and concierge services. Parking and the furniture inventory per unit are not itemised publicly; get the inventory in writing, because the furniture is a large part of what you are paying for. Final as per the SPA.

About the developer

DarGlobal was founded in 2017 as the international arm of Dar Al Arkan, Saudi Arabia's largest listed developer, which has more than 31 years of operations and has delivered over 15,300 homes and 500,000 sq m of commercial space. DarGlobal listed on the London Stock Exchange's main market in February 2023. Its model is brand partnership: Pagani and Aston Martin in Dubai, Missoni's Urban Oasis on the Dubai Canal, Trump International in Muscat, AIDA in Oman and Elie Saab in Qatar. DaVinci Tower is its flagship Dubai completion, and handover has begun. The delivery risk is behind you; what remains is the brand premium and how it holds at resale.

For overseas buyers

Any nationality. Dubai's designated freehold areas are open to buyers of every nationality, resident or not: no local partner, no residence visa needed in order to buy, and the Land Department issues the title deed in your own name. On the AED 5.50 million entry price the 4% Dubai Land Department transfer fee is about AED 220,000 (USD 59,900), and registration, trustee and agency charges take the all-in cost to roughly 6% to 7% over the price. UAE banks lend non-residents about 50% to 60% of the price, which is why the developer payment plan above carries most overseas purchases. The paragraphs below work the numbers for an Indian buyer, the largest single group buying in Dubai, but the ownership, visa and yield rules are the same whatever passport you hold.

Ownership. Business Bay is freehold. On a completed unit you receive the DLD title deed at transfer.

Remitting. AED 5.5 million is about USD 1.5 million, six times the USD 250,000 per person per financial year LRS limit. A resident couple would need three financial years. Buyers at this level use funds already abroad, NRI status, or a UAE mortgage for 50 to 60% and remit the rest over two to three years. Tax collected at source applies above the annual threshold and is creditable in your Indian return.

Golden Visa. Every unit clears the AED 2 million threshold with a large margin; a mortgaged purchase qualifies on the paid-up value.

Income and tax. No source prints a yield for this tower. One 2026 guide puts Business Bay branded residences at 7 to 8%, but that is for stock priced far below AED 3,000 per sq ft. A 2 BHK here would need rent near AED 275,000 a year to reach 5% on the listed price. No UAE tax; in India the rent is income from house property with the 30% deduction, and the asset goes in Schedule FA.

Exit. Branded units at AED 5 million plus sell to a narrow pool and take months. The 4% buyer fee and 2% seller fee mean the price has to rise about 6% before you break even.

Pros

• Completed and branded: walk through it before you buy
• Listed price under the portal entry, if the unit is real
• Golden Visa with a large margin
• Listed developer with a 31-year parent
• Small canal-front tower

Cons

• Price and rate do not reconcile across sources
• Six person-years of LRS at the listed price
• Yield unknown and low at this rate
• Service charge unpublished and likely high
• Branded premium may not hold at resale

Who this is for

• Buyers with offshore funds who want a completed, branded canal-front home
• Anyone for whom the Pagani design is the point
• Golden Visa buyers who want a large margin from one purchase

Who should look elsewhere

• Yield investors; compare a studio at Binghatti Aquarise on the same canal
• Resident Indians remitting under LRS from zero
• Buyers who want more space for the money; compare The S Tower by Sobha

Our verdict

A finished, branded canal tower from a listed developer, priced for buyers who want the brand more than the yield. Settle which unit AED 5.5 million buys and what its DLD area is; at about AED 3,080 per sq ft it is a fair branded premium, at AED 4,490 it is a steep one. Fund it from outside LRS, check the deed and the service charge, and buy it to live in. See all Dubai projects we track and our full project list.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What is the price of DaVinci Tower by Pagani?

The source listing shows it from AED 5.5 million, about Rs 14.16 crore at Rs 25.75 per dirham, at a printed rate of about AED 4,490 per sq ft. Metropolitan quotes 2 BHKs from AED 6.8 million and the top units at AED 24.5 million. The unit size behind the AED 5.5 million is not stated; on the smallest 2 BHK of 1,784 sq ft it would be about AED 3,080 per sq ft.

Is DaVinci Tower complete?

Yes. Square Yards records completion in September 2025 and DarGlobal says handover is under way. Some units already have title deeds; others may still be on the handover list.

Who is the developer?

DarGlobal, the international arm of Saudi Arabia's Dar Al Arkan, which has delivered more than 15,300 homes over 31 years. DarGlobal listed on the London Stock Exchange in February 2023. The interiors are by Pagani Automobili.

What is the payment plan?

The launch plan was 20% on booking, 20% during construction, 20% on handover and 40% over 24 months after handover. It may still apply to developer-held units; a resale is cash or mortgage. Add the 4% DLD fee and about AED 4,600 in registration fees.

Does it qualify for the Golden Visa?

Yes. Every unit is well above the AED 2 million property threshold, and a mortgaged purchase qualifies on the paid-up value.

How does an overseas buyer remit AED 5.5 million?

The LRS (the Reserve Bank of India's Liberalised Remittance Scheme) limit is USD 250,000 per person per financial year, and AED 5.5 million is about USD 1.5 million, so a resident couple would need three financial years. Buyers at this level usually use funds already abroad, NRI status, or a UAE mortgage for 50 to 60% and remit the balance over two to three years. Buyers of any other nationality can own on the same terms: Dubai's designated freehold areas are open to all nationalities, there is no residency requirement and no local partner, and the Land Department issues the title deed in your own name.

What rental yield does it give?

No source prints a yield for this tower. Business Bay's branded residences show 7 to 8% on one 2026 guide, but that is for far cheaper stock; at AED 3,000 plus per sq ft a 2 BHK would need rent near AED 275,000 a year to reach 5%. Treat it as a home, not a yield play.

What is the service charge?

Not printed by any source we checked. Branded canal-front towers sit at the top of Business Bay's AED 15 to 22 per sq ft range and often above it because of the branded common areas; ask for the current statement.

Ask Realty Hunting which DaVinci units are still with the developer on the post-handover plan and which are resales; we will pull the DLD areas so the AED 5.5 million question gets a straight answer.