Ellington Quayside Business Bay Dubai

The Quayside is Ellington Properties' first residential building in Business Bay, on Marasi Drive by the water. It offers studios, one, two and three-bedroom apartments and a single 5-bedroom penthouse, from 542 sq ft to 10,004 sq ft. The source listing files it under Al Quoz / Business Bay; the address is Business Bay. The lowest current figure the portals print is AED 3,637,828 (about Rs 9.37 crore), on a 20/50/30 plan.

Two things need checking first. Studios launched at AED 1,315,828, so the entry price has almost tripled and no source says which unit the current figure buys. And the handover date most sources print, Q1 2026, has passed without a confirmed completion; one page prints Q4 2026.

At a glance

Price and unit pricing

We print AED 3,637,828 because it is the most recent starting figure on the developer-fed portal page, and it agrees with Metropolitan's AED 3.6 M. It is not the price of a studio. The rise from the launch figures most likely reflects the smaller units selling out first, so what remains is two-bedrooms and larger, rather than the same unit costing three times as much. Until Ellington names the unit and its size, the figure cannot be turned into an AED per sq ft rate.

That is the one number to get before comparing The Quayside with anything else in Business Bay. None of the sources checked gave a district average per square foot that we could rely on, so ask for the current availability list with sizes, and compare it with resale asks in finished Business Bay towers of similar quality.

Payment plan and total cost

20% on booking, 50% during construction, 30% at handover. Worked on the AED 3,637,828 entry figure:

In a building past its first handover date, most construction milestones have probably been reached. Instalments tied to milestones already passed fall due at or soon after booking, so a buyer now may owe close to 70% within weeks. Ask Ellington for the statement of milestones reached before signing.

The service charge is quoted at AED 18 per sq ft a year. That is about AED 18,000 a year for every 1,000 sq ft, so on a two-bedroom it is a five-figure annual bill. Ask for the approved budget in writing, since quoted rates change once the owners' association is formed.

Location and connectivity

Business Bay is the district south of Downtown Dubai, built around the Dubai Canal and bounded by Sheikh Zayed Road and Al Khail Road. Marasi Drive runs along the water on the district's quieter side, with a promenade and marinas, and The Quayside sits on it. Downtown, Burj Khalifa and Dubai Mall are next to the district, and DIFC is across Sheikh Zayed Road.

Business Bay Metro on the Red Line serves the district, though the walk from Marasi Drive is long in summer and most residents drive. Business Bay has one of the city's largest pipelines of new towers, so building work will continue around you for years, and tenants will always have other new stock to choose from.

For comparison in the same district, our current set includes Canal Crown and Avarra by Palace. Everything we track in the emirate is on all Dubai projects, and the wider list is on the projects page.

Amenities and specifications

Quoted for the building: a swimming pool, a fitness studio, a spa and children's play areas. Ellington designs its interiors in-house, and its finish quality is the main reason buyers pay more for its buildings than for volume stock nearby.

Not published: the floor count (one page says 15 to 20 floors), the total number of homes, parking per unit, the appliance schedule and the escrow bank. The single penthouse at up to 10,004 sq ft is a separate product and should come with its own specification sheet. Final specification as per the SPA.

About the developer

Ellington Properties was founded in 2014 and has built its name on design: smaller buildings, higher finish, and interiors done in-house. Trackers count 18 or more delivered projects across JVC, Downtown Dubai, MBR City, Dubai Hills Estate and Arjan, with about 37 more under construction.

In May 2026 it began handing over Ellington House II in Dubai Hills Estate and Arbor View in Arjan, and Ellington House I has been reported renting about 28% above the area average, with little snagging at handover. The weaker side is timing: reviews note delays on individual projects, and The Quayside is itself past its Q1 2026 date. Ellington finishes its buildings well; plan for the date to slip.

For Indian buyers

Ownership. Business Bay is freehold for foreign buyers, resident or not, and the Dubai Land Department issues the title deed in your name. The UAE has no annual property tax and no VAT on a residential sale, so the government cost is the 4% DLD transfer fee — about AED 145,500 on the entry figure — plus the AED 40 Oqood fee.

Remittance. The Liberalised Remittance Scheme allows USD 250,000 per person per financial year. AED 3,637,828 is about USD 991,000, nearly twice a couple's combined USD 500,000. Because most of the price may fall due within months in a late-stage building, a buyer funding it from India needs either four person-years of allowance, family co-buyers, or money already held abroad.

Golden Visa. The threshold is AED 2 million of property. Every unit at current prices clears it; the entry figure does so by about AED 1.64 million.

Rent and tax. No rent figure is published for The Quayside, and we do not guess one. As a guide, each 1% of gross yield on AED 3,637,828 is about AED 36,400 a year, and the service charge takes AED 18,000 per 1,000 sq ft off that. Rent and any gain on sale are taxable in India for an Indian tax resident; the UAE levies no income tax on the rent.

Pros

• Ellington's handover record is clean on finish quality, with 18 or more buildings delivered
• Marasi Drive puts it on the Business Bay waterfront, next to Downtown
• A single 5-bedroom penthouse and a studio-to-3 BHK mix give a wide range of entry points
• Every unit at current prices clears the AED 2 M Golden Visa threshold
• A published service charge (AED 18 per sq ft) lets you budget the running cost
• Late-stage build: the wait to keys should be short

Cons

• The Q1 2026 date has passed and no source confirms completion
• Entry pricing has almost tripled from the studio launch figure, and it is not clear which unit type the current figure buys
• Floor count, unit count and DLD project number are not published
• A late-stage buyer may owe 70% within weeks of booking
• Business Bay has a large supply of new towers competing for tenants
• AED 18 per sq ft is a real annual cost on a large unit: about AED 18,000 a year per 1,000 sq ft

Who this is for

• Buyers who want an Ellington finish on the Business Bay water and can pay most of the price soon
• Golden Visa buyers: every unit at current prices clears AED 2 M
• End users who value design and building quality over the lowest price per foot
• A buyer for the single penthouse who wants a rare unit in the district

Who should look elsewhere

• Anyone who needs a confirmed handover date before paying
• Budget buyers: the launch-price studios are long gone
• Yield-first investors, since no rent figure is published and prices have risen steeply
• Buyers who cannot fund most of the price within months

Our verdict

The Quayside is an Ellington building on the Business Bay water, which is a strong pairing: a developer known for finish quality on one of the district's better streets. The problem is the price path. Studios launched at AED 1,315,828 and the lowest figure now quoted is AED 3,637,828, and no source says which unit that buys, so you cannot yet judge it per square foot. The Q1 2026 date has also passed without a confirmed completion. Ellington finishes its buildings well, but it does not always finish them on the first date. Get the unit's size, the current price list and the construction percentage before you compare it with anything else.

Worth a look for an end user or Golden Visa buyer who wants Ellington quality in Business Bay and can pay most of the price soon. Do not buy until you know the size behind the AED 3.64 M figure and the AED per sq ft it works out to. Get the completion date and milestone schedule in writing before paying the 20%.

Talk to Realty Hunting for the current price list, the developer's latest payment plan and a site-visit plan.

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 Ellington Quayside?

The lowest current figure is AED 3,637,828 (about Rs 9.37 crore), with remaining stock quoted at AED 3.77 M to 3.91 M and two-bedrooms from AED 3,821,828. At launch, studios started at AED 1,315,828 and one-bedrooms were about AED 1.78 M in early 2023. The source listing carries no price; Ellington's current availability list settles it.

What is the payment plan?

20% on booking, 50% during construction and 30% at handover. On AED 3,637,828 that is about AED 727,566, AED 1,818,914 and AED 1,091,348, plus AED 145,513 of DLD fee.

When is the handover?

Most sources print Q1 2026, which has passed without a confirmed completion; one page prints Q4 2026. The SPA date binds the developer, and the Dubai REST app shows the construction percentage.

Is it in Al Quoz or Business Bay?

Business Bay. The building is on Marasi Drive; the Al Quoz tag comes from how the source listing files it, not from the address.

Does it qualify for a Golden Visa?

Yes at current prices. The threshold is AED 2 million of property, and the lowest current figure of AED 3,637,828 clears it by about AED 1.64 million.

What is the service charge?

It is quoted at AED 18 per sq ft a year, which is about AED 18,000 a year for every 1,000 sq ft. Ask for the approved budget in writing.

Can an Indian resident buy here?

Yes. Business Bay is freehold for foreign buyers and the DLD issues the title deed in your name. Under the LRS each person can remit USD 250,000 a financial year; AED 3.64 M is about USD 991,000, so even a couple needs two years' allowance or other funds already abroad.

Is Ellington a reliable developer?

It has delivered 18 or more buildings since 2014 and began handing over Ellington House II and Arbor View in May 2026. Reviews praise finish quality but note delays on individual projects, including this one.

Compare with other Dubai projects

More by Ellington: Ellington Beach House (from AED 4.8 M, ready), Ellington Views II (from AED 2,160,828, handover 2027) and Riverton House (from AED 2 M, handover 2028).

A similar budget elsewhere in Dubai: Al Waha Residences (from AED 3.49 M, handover 2026), Emaar Grande Signature Residences (from AED 3.83 M, ready) and Damac Bay by Cavalli Tower C (from AED 3,900,000, handover 2029).

Read next: Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · The Dubai Golden Visa Through Property. Every Dubai project we track is listed on the Dubai section.