One River Point Business Bay Dubai

One River Point is a residential tower of about 45 storeys on the Dubai Water Canal in Business Bay, built by Ellington Properties with Dutco under the Dutco Ellington name. Ellington counts 295 homes: studios, one to three-bedroom apartments, three and four-bedroom penthouses, and four-bedroom duplexes with private pools. It is a AED 1.2 billion development, and construction has started.

Studios of about 487 sq ft start at AED 1,456,053 (about Rs 3.75 crore), one-bedrooms near AED 2.64 million, on a 70/30 plan: 20% down, 50% during construction and 30% on handover. Ellington gives Q2 2027 for completion; one page prints Q4 2027. Below we cost the studio, compare the one-bedroom, and set out who the premium suits.

At a glance

Price and unit pricing

We print AED 1,456,053, the most precise studio figure among the pages we checked; others round it to AED 1.4 million or quote AED 1.48 million, and the source listing gives no price. The spread is about 5%, the kind that comes from different floors and dates of price list. Ellington's price list on the day settles the figure.

The studio is the expensive way in. At about AED 2,990 per sq ft it costs about 45% more per foot than the Business Bay average of about AED 2,002 in 2024 and AED 2,090 in the first half of 2025. The one-bedroom and two-bedroom narrow the gap to AED 2,000 to 2,750 per sq ft, because Ellington's layouts are large. For a finished building on the same canal, where studio asks average about AED 2,050 per sq ft, compare J One.

Payment plan and total cost

Ellington's plan is 20% down, 50% during construction and 30% on handover, sold as 70/30. The 50% is spread over construction milestones; the SPA lists the dates.

Worked example: the AED 1,456,053 studio

Construction started after the launch, so a buyer now may find some construction milestones already reached and payable soon after booking. Ask Ellington for the statement of milestones reached. On the one-bedroom at AED 2,639,810 the same split is AED 527,962 down, AED 1,319,905 during construction and AED 791,943 on handover, plus AED 105,592 of DLD fee.

Service charge. Not published. Business Bay averages about AED 14.75 per sq ft a year, premium towers AED 22 to 30. On the 487 sq ft studio that is about AED 7,200 to 14,600 a year; on a 958 sq ft one-bedroom about AED 14,100 to 28,700.

Location and connectivity

One River Point faces the Dubai Water Canal in Business Bay, and Ellington says upper floors look onto the canal, Burj Khalifa and, further off, Burj Al Arab. Downtown Dubai, Dubai Mall and DIFC are close; Business Bay Metro station on the Red Line serves the district, and Sheikh Zayed Road and Al Khail Road are the main roads. No source prints drive times for the plot.

This stretch of canal is one of the busiest building sites in Dubai. Several towers by Ellington, DAMAC and others are due in 2027 and 2028, so expect construction around you at first and plenty of similar new units competing for tenants at handover. Tenants are mostly office workers from Business Bay and DIFC.

See all Dubai projects we track and the full projects list.

Amenities and specifications

Ellington sells design first: it fits out its buildings to its own interior specification, and that is most of what the per-foot premium pays for. At One River Point the top of the tower holds three and four-bedroom penthouses and four-bedroom duplexes with private pools. The amenities are described as wellness-oriented, but the sources checked do not list them, so we do not.

The tower won Residential High Rise Development at the 2024 International Property Awards. Not published: the full amenity list, finishes and appliances, parking per unit and the service-charge budget. Final specification as per the SPA.

About the developer

Ellington Properties builds design-led apartment buildings across Dubai, from JVC and Arjan to Palm Jumeirah and Dubai Hills Estate. One River Point is a joint venture with Dutco, the pairing behind Art Bay in Al Jaddaf.

The record is one of the better ones among Dubai's mid-sized developers. One review reports 847 units delivered across four projects in 2023, three within 60 days of schedule and one four months late after a contractor change, and 923 units in 2024, two projects early. Handovers since include Berkeley Place in MBR City (127 homes), Eaton Palace in JVC (110), Ellington House in Dubai Hills Estate, and Ellington House II and Arbor View. That record is why we treat Q2 2027 as plausible, with Q4 2027 as the cautious case.

For Indian buyers

Ownership. Business Bay is freehold for foreign buyers, and the title deed is issued by the Dubai Land Department in your name. There is no annual property tax and no VAT on a residential sale; the government cost is the 4% DLD transfer fee, AED 58,242 on the entry studio.

Remittance. The LRS allows USD 250,000 per person per financial year. The studio is about USD 396,000, the one-bedroom about USD 719,000. The 20% down payment on either fits one person's allowance, and the construction instalments can be planned across financial years; a couple can fund the studio within one year's USD 500,000.

Golden Visa. The threshold is AED 2 million. The studio misses it by about AED 544,000. The one-bedroom from about AED 2.64 million clears it, which makes it the unit to look at for residency.

Rent and tax. No rent is published for the tower. Business Bay studios record 6% to 7% gross yields on average prices, but at this entry price the numbers are thinner: at about AED 157 per sq ft a year, the rate one page gives for the finished J One nearby, a 487 sq ft studio lets for about AED 76,500, roughly 5.3% gross. Rent and gains are taxable in India for a tax resident; the UAE does not tax rent.

Pros

• Canal frontage in Business Bay from a developer with a better-than-average delivery record
• 70/30 plan leaves 30% until handover
• 295 homes is a moderate count for a tower of about 45 storeys
• A printed escrow account number that can be checked
• One-bedrooms from about AED 2.64 M clear the Golden Visa threshold
• Larger layouts than many launches: one-bedrooms start near 958 sq ft

Cons

• Studios at about AED 2,990 per sq ft sit well above the Business Bay average near AED 2,000 - 2,100
• Starting figures vary from AED 1.4 M to 1.48 M across pages, and unit counts from 295 to 450
• Handover printed as Q2 or Q4 2027
• Service charge not published
• Several canal-side towers hand over in 2027, adding supply of similar units
• At the studio entry price, rent works out nearer 5% gross than the district's 6% - 7%

Who this is for

• Buyers who want a new canal-side flat from a developer with a recent on-time record
• Golden Visa buyers looking at the one-bedroom from about AED 2.64 M
• End users who value Ellington's interior design and larger one-bedroom layouts
• Investors comfortable holding to 2027-2028 before rent starts

Who should look elsewhere

• Yield-first investors - a resale studio nearby earns more on its price
• Buyers who need to move in or collect rent before 2028
• Anyone expecting a studio to support the Golden Visa
• Buyers who want the lowest price per sq ft in Business Bay

Our verdict

One River Point is a mid-market canal tower from one of the more dependable names in Dubai, priced like a premium product. The studio at about AED 2,990 per sq ft costs about 45% more per foot than the Business Bay average, and even the one-bedroom, at AED 2,200 to 2,750 per sq ft, sits above it. What the premium buys is Ellington's interiors, a canal frontage and a developer whose recent record is mostly on time. The one-bedroom is the unit we would look at first: it starts near AED 2.64 M, clears the Golden Visa line, and its 958 sq ft is generous for the district. The studio is harder to justify as an investment, because at this entry price rent works out nearer 5% gross than 7%.

Worth a look for an end user or Golden Visa buyer who wants a new canal-side one-bedroom from a reliable developer. Get the escrow bank and DLD project number confirmed, fix the completion date in the SPA, and budget for handover in 2027 or early 2028. Pure yield buyers will do better with a finished building nearby.

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 One River Point?

Studios of about 487 sq ft start at AED 1,456,053 (about Rs 3.75 crore); other pages print AED 1.4 M and AED 1.48 M. One-bedrooms start near AED 2.64 M (AED 2.8 M on another page), two-bedrooms near AED 3.58 M and a four-bedroom near AED 16 M. Ellington's price list on the day settles it.

What is the payment plan?

20% down, 50% during construction and 30% on handover. On a AED 1,456,053 studio that is AED 291,211, AED 728,026 and AED 436,816, plus AED 58,242 of DLD fee.

When is the handover?

Ellington gives Q2 2027; one page prints Q4 2027. Construction has started. Your SPA date binds the developer, and the Dubai REST app shows progress.

What is the DLD registration?

A portal building page prints escrow account no. 0205856303604 but not the bank or the DLD project number. Check both on the Dubai REST app before paying.

Does it qualify for the Golden Visa?

The threshold is AED 2 million. Studios do not qualify. One-bedrooms from about AED 2.64 M and larger units do.

What rent and service charge should I expect?

Neither is published. At about AED 157 per sq ft a year, the rate one page gives for a nearby finished tower, a 487 sq ft studio would let for about AED 76,500, about 5.3% gross on AED 1,456,053. Business Bay service charges average AED 14.75 per sq ft, AED 22 to 30 in premium towers, about AED 7,200 to 14,600 a year on the studio.

Can an Indian resident buy here?

Yes. Business Bay is freehold for foreign buyers. The studio is about USD 396,000; under the LRS a couple can remit USD 500,000 a year, and the 70/30 plan spreads the payments over the build.

Who is behind One River Point?

Ellington Properties with Dutco, under the Dutco Ellington name. Ellington delivered 923 units in 2024 with two projects early, and one of its 2023 projects was four months late.

Compare with other Dubai projects

Also in Business Bay: Trillionaire Residences (from AED 1.5 M, ready), Binghatti One Residences (from AED 1.3 M, handover 2026), DAMAC Canal Heights 2 (from AED 1.29 M, handover 2027) and Danube Bayz 102 (from AED 1.27 M, handover 2029). See every Business Bay project with prices and handover dates.

More by Ellington: Ellington House (from AED 1.4 M, ready), Mercer House (from AED 1.15 M, handover 2027) and Art Bay (from AED 1.8 M, off-plan).

A similar budget elsewhere in Dubai: Parkside Views (from AED 1.45 M, handover 2027), Binghatti Pinnacle (from AED 1,449,999, ready) and Azizi Zain (from AED 1,440,000, off-plan).

Read next: Apartments for Sale in Business Bay: Prices and Net Yields · Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · The Cost of Buying Property in Dubai. Every Dubai project we track is listed on the Dubai section.