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THE RITZ-CARLTON RESIDENCES BUSINESS BAY

THE RITZ-CARLTON RESIDENCES BUSINESS BAY

Properties for Sale
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8 500 000 AED - 63 800 000 AED
Location Business Bay, Dubai
Type Development
Completion date II quarter, 2025 (Off-plan)
Living space 204 - 1243 m²
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Advantages
Move-in ready apartments
Type of buildings:
Luxury
Downpayment from
5%
18-storey residential project
50% after commissioning of the property

Residential project The Ritz Carlton Residences

The Ritz Carlton Residences is a luxury 18-storey residential project. Buyers of off-plan property in The Ritz Carlton Residences are offered a favorable payment scheme. According to this scheme, 50% of the property cost is paid during construction. The remaining 50% is paid after the construction is finished. This option allows you to buy property in The Ritz Carlton Residences with a limited budget without applying for a mortgage. The completion of construction is due to the second quarter of 2025.

Property in Business Bay, Dubai, UAE

Business Bay is the business hub of Dubai, which has a convenient location. Its construction began in 2003, and all real estate here meets modern requirements for comfort. The neighborhood is home to the most popular landmark towers that create Dubai’s stunning skyline. Almost all projects have both residential and commercial properties.

In addition, the community is one of Dubai’s free zones where foreigners can buy property and their rightful owner. Buyers are offered studio units, 1-3-bedroom apartments as well as spacious penthouses and duplexes. The average cost of a small apartment is AED 815,000 ($222,000). In projects that are at the start of sales, you can find even more profitable offers. The final price of housing depends on the number of bedrooms, size and interior design.

Properties for sale in The Ritz Carlton Residences

Those who are planning to move to Dubai or looking to invest in housing can consider 1-4-bedroom residences. The apartments are sold with an exclusive interior design, which was developed by architects and designers from France and Italy. Prices for one-bedroom residences start at AED 6.2 million ($1.68 million). This amount of investment is enough to obtain a ten-year resident visa for yourself and family members to move to the UAE. You can also buy an apartment in The Ritz Carlton Residences as a buy-to-live option. Rentals in this neighborhood are always in high demand.

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Location

  • Close to the bus stop
  • Close to the city centre
  • Close to the kindergarten
  • Prestigious district
  • Great location
  • Close to a river or promenade
  • City view
  • Panoramic view
  • Street view
  • River view
  • Beautiful view

Features

  • Panoramic windows
  • Panoramic glazing
  • Bathroom furniture
  • Balcony
  • Terrace
  • Marble flooring
  • Finished
  • Ready to move in
  • Good quality
  • New project
  • Tap water
  • Electricity
  • Driveway to the land plot
more

Indoor facilities

  • Child-friendly
  • Cafe
  • Conference hall
  • Cinema
  • Recreation area
  • Library
  • SPA centre
  • Fitness room
  • Pilates and yoga room
  • Elevator

Outdoor features

  • Barbecue area
  • CCTV
  • Security
  • Children's playground
  • Landscaped garden
  • Landscaped green area
  • Transport accessibility
  • Social and commercial facilities
  • Car park
  • Concierge
  • Swimming pool
  • Common area with pool

Property in The Ritz Carlton Residences

Lifestyle

The Ritz Carlton Residences, a new off-plan project, is aimed at an audience of different ages. The building is child and pet-friendly. On the territory of the building there is everything you need for a comfortable life and active leisure. There are numerous cafes and restaurants near the project and The Dubai Mall, the largest shopping mall in the emirate, is a 15-minute drive from the building. On its territory there are many entertainment facilities, cinemas and shops. The popular Dubai Marina resort area with landscaped beaches is a 10-minute drive away. The developed infrastructure of the community allows you to enjoy slow living or combine it with active lifestyle enjoying the many benefits of the emirate.

Benefits of the project

Residents of apartments in The Ritz Carlton Residences get access to a wide range of amenities. Among them are a fitness center, a swimming pool, a recreation area, a cafe, a spa, and a children's playroom. Residents can spend time in the park full of lush greenery. Concierge, personal chef, valet services are also available. In addition, residents are provided with food delivery, pet sitting, house cleaning and other services. Top-quality service is designed to satisfy any needs of residents of apartments in the new project of The Ritz Carlton Residences.

Apartments at The Ritz Carlton Residences

The building is designed in a modern architectural style. You can move between floors on high-speed elevators. The project has round-the-clock video surveillance and security service. Parking is provided for residents' cars. Residences have an area of 141 to 1,243 m². There are 2 penthouses on the upper floors. Each apartment features balconies, and some have spacious terraces with a private pool. Panoramic windows offer stunning views of the city and the Dubai Canal. Bathrooms are fully equipped with sanitary ware. Marble flooring is used in the bathrooms and kitchen. Living rooms feature oak parquet flooring. Bedrooms have built-in furniture.

Investment property in The Ritz Carlton Residences

Property from Khamas Group is potentially profitable as an investment. At the initial stage of construction, the cost of the housing is much lower than when it is ready. Buying an apartment allows you to earn money by reselling it at a higher price. You can also consider investing in real estate from developer Khamas Group in Dubai in the long term, making a profit from renting it out.

The average rent depends on the number of rooms and the quality of the residences:

  • 1-bedroom apartments can be rented at a price of AED 130,000 ($35,500).
  • 2-bedroom residences can bring the owner AED 135,000 ($37,000).
If the owner does not plan to live in the UAE, they can transfer the property to trust management.

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Location
Dubai Mall
4.6 km
School
2.8 km
ATM machine
1.3 km
Burj Khalifa
5.5 km
Pharmacy
1000 m
Airport
16 km
Infinity des Lumières
9.8 km
Sea
8.5 km
Business Bay

The Ritz Carlton Residences is an off-plan project located in an area with a developed transport infrastructure. The relatively small territory of the community covers an area of only 6 km², but has all the social facilities necessary for a comfortable life. Homeowners at The Ritz Carlton Residences can find kindergartens and schools, hospitals and pharmacies, shops and shopping malls right in the community or in nearby areas. The emirate's central attractions, including the Burj Khalifa skyscraper and dancing fountains, can be reached in 10 minutes.

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Payment plan

10%
Down Payment
10%
After 30 days
10%
After 6 months
10%
After 12 months
10%
After 18 months
10%
After 24 months
40%
On Handover

Developer Khamas Group

1985Founded in

The new project of The Ritz Carlton Residences is developed by Khamas Group. It was founded in 1985, and construction is just one of its activities. The business group is actively involved in the development of the UAE economy and has shares in more than 100 projects in the country. Among them are the hotel business, manufacturing, education, and construction. The long-term experience of the company allows them to actively combine different areas of activity and achieve great results. Real estate from developer Khamas Group includes a wide collection of completed as well as off-plan options.

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