The Vogue Business Bay Dubai

DAMAC Maison The Vogue is a 22-storey furnished hotel-apartment tower in Business Bay, completed in 2014 and run by DAMAC Maison with concierge and housekeeping. It holds studios, 1, 2 and 3 BHK units from about 355 sq ft to 4,198 sq ft. The source listing shows it from AED 3.9 million, about Rs 10.04 crore at Rs 25.75 per dirham. That figure fits only the largest 3 BHKs, and the source listing's own snippet cites a 389 sq ft built-up area, which cannot carry a price of AED 3.9 million.

The market says something else. Current Property Finder listings put studios at about AED 815,000 to 1.06 million and 1 BHKs at AED 1.09 to 2.5 million. This page prints both sets of numbers, explains what hotel-apartment status means for an Indian owner, works the total cost at the low end of the market, and says when a twelve-year-old serviced building beats a new one and when it does not.

At a glance

Price and unit pricing

The market rates of about AED 2,000 to 2,500 per sq ft for studios sit at or below the Business Bay average of AED 2,300 to 2,770, which is what you would expect for a 2014 building against new stock. The AED 3.9 million on the source listing is either a large 3 BHK or an error, and the 389 sq ft snippet on the same page suggests the listing has mixed two units. Ask for the unit number before you take any figure from it.

Payment and total cost

A finished building has no plan. You pay cash or take a UAE mortgage; some banks are cautious on hotel-apartment units, so confirm eligibility before you offer.

Holding costs are the difference with a normal apartment. There is the owners' association service charge, which Business Bay runs at AED 15 to 22 per sq ft, and on top of it a DAMAC Maison management fee if the unit is in the rental pool. Neither is printed by any source we checked; ask for the last two years' statements showing both.

Location and connectivity

The Vogue stands on the Downtown edge of Business Bay above Al Khail Road, with Burj Khalifa views from the upper floors and the district's road links at the door.

• Burj Khalifa, Dubai Mall: about 10 minutes
• Al Khail Road: directly below; the Business Bay exit is minutes away
• DIFC: about 10 minutes
• Business Bay metro: the district's Red Line stop
• Dubai International Airport: about 20 minutes

What it is like: a hotel-run building, so guests as well as tenants, with road noise on the Al Khail side and the busiest part of Business Bay around it.

Amenities and specifications

All units are furnished and equipped, with 24-hour concierge and housekeeping. The tower has an outdoor pool, a spa, a gym, an on-site restaurant, bar and lounge, free Wi-Fi and parking. Furniture and fittings date from 2014 unless a seller has refurbished; after a decade of hotel use, budget for a refresh if you plan to let privately.

About the developer

DAMAC Properties, founded in 2002, is one of the largest private developers in Dubai, with 50,000 homes handed over, 54,000 under construction and 8,800 units delivered in 2026. Its record has a known weakness: DLD data shows its 2023-24 handovers ran 6 to 12 months late on average, at the upper end of the sector. None of that touches The Vogue, which has stood for twelve years; what matters here is DAMAC Maison, the hospitality arm that manages the building and the rental pool.

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 3.90 million entry price the 4% Dubai Land Department transfer fee is about AED 156,000 (USD 42,500), 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; the DLD transfers the title deed to you. Hotel-apartment units come with a management agreement that governs self-use and letting; read it before you sign.

Remitting. A studio all in at about AED 869,000 is roughly USD 236,000, inside the USD 250,000 per person per financial year LRS limit. A 1 BHK at AED 1.1 million or more needs two remitters or two years. Tax collected at source applies above the annual threshold and is creditable in your Indian return.

Golden Visa. Studios and most 1 BHKs are under AED 2 million. A top-range 1 BHK, a 2 BHK or a 3 BHK qualifies.

Yield and tax. Business Bay studios and 1 BHKs return 7 to 9.5% gross on 2026 guides, and serviced short-stay units push above 8% gross before the management fee. In a twelve-year-old building, ask for the unit's own rental-pool statements for the last two years rather than trusting the district figure. No UAE tax; in India the income is taxable, with the 30% standard deduction if it is treated as rent, and the asset goes in Schedule FA.

Exit. Serviced units resell to the same investor pool that buys them, at a discount to new stock. Buy at the market, not above it, and plan a five-year hold.

Pros

• Twelve years of rental history
• Furnished, managed, hands-off
• Studios from about AED 815,000, inside one LRS limit
• Downtown views at Business Bay prices
• Short-stay yields above 8% gross on 2026 guides

Cons

• The AED 3.9 million does not match the market or the source listing's own snippet
• 2014 building against thousands of new units
• Management fee on top of the service charge
• Old furniture unless refurbished
• Small units: 1 BHKs of 420 to 560 sq ft
• No fee figures published

Who this is for

• Absentee investors who want a managed, furnished unit with a track record
• Buyers who want short-stay income without their own licence
• Anyone happy with a 2014 building at a discount to new stock

Who should look elsewhere

• Buyers who want a new tower at a similar yield; compare Regalia by Deyaar
• Anyone who wants DAMAC's new stock with a plan; see the Century resale market or the DAMAC Lagoons pages
• Buyers who need a Golden Visa from a studio

Our verdict

A serviced yield unit to buy at the market price, not the listed one. Studios at AED 815,000 to 1.06 million and 1 BHKs from AED 1.09 million are the real Vogue market; AED 3.9 million is a large 3 BHK or a mistake. Get the deed, the management agreement, both fee statements and two years of pool income, then compare the net yield with a new Regalia studio. 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 The Vogue by DAMAC?

The source listing shows it from AED 3.9 million, about Rs 10.04 crore at Rs 25.75 per dirham, but that figure only fits the largest 3 BHKs; the source listing's own snippet cites a 389 sq ft built-up area, which cannot carry that price. Current Property Finder listings show studios at about AED 815,000 to 1.06 million and 1 BHKs at about AED 1.09 to 2.5 million. Ask which unit the AED 3.9 million describes.

Is The Vogue complete?

Yes. It was completed in 2014 and has operated as DAMAC Maison serviced hotel apartments since. All purchases are resales with title deeds.

What does hotel-apartment status mean for an owner?

The building is run by DAMAC Maison with concierge and housekeeping. Owners can typically place units in the rental pool for short-stay income, paying a management fee on top of the service charge; self-use and private letting depend on the management agreement. Read it before you buy, and check that your bank will lend on a serviced unit.

What is the payment plan?

None: it is a finished building. You pay cash or take a UAE mortgage, plus the 4% DLD fee, about AED 4,600 in registration and trustee fees and a 2% broker fee.

What rental yield does it give?

Business Bay studios and 1 BHKs return 7 to 9.5% gross on 2026 guides, and short-stay lets in serviced buildings push above 8%. Because the building is twelve years old, ask for the unit's actual rental-pool statements for the last two years rather than relying on the district average.

Does it qualify for the Golden Visa?

A studio or 1 BHK at current prices does not reach AED 2 million. A 1 BHK at the top of the range (AED 2.5 million), a 2 BHK or the 3 BHK the source listing's price implies would qualify.

Can a foreign national buy at The Vogue?

Yes. Business Bay is freehold and the DLD transfers the title deed into your name. A studio all in at about AED 868,000 is roughly USD 236,000, inside the USD 250,000 per person per financial year LRS (the Reserve Bank of India's Liberalised Remittance Scheme) limit. 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 has DAMAC delivered?

50,000 homes since 2002, 8,800 units in 2026 alone, with 54,000 under construction. DLD data shows its 2023-24 handovers ran 6 to 12 months late on average. The Vogue itself has been standing since 2014.

Ask Realty Hunting for the current Vogue listings by unit type with their rental-pool statements; we will tell you which units clear 7% net of both fees.