New apartments in Dubai's "Manhattan" in the center of Dubai. An ideal place for business meetings, social events, and vibrant entertainment. Beneficial for rental investments. Post-handover payments until Q2 2029. Just 10 minutes to Dubai Mall and Burj Khalifa.
Urban Life Residences by Urban Properties Development — a 19-story premium residential building with a 3-level parking, entertainment infrastructure occupying the 1st floor, and apartments. As of June 21, 2024, studios and apartments with 1 and 2 bedrooms ranging from 418 to 1,761 sq. ft. offer views of the park and Dubai skyline.
Urban Life Residences, Business Bay
Urban Life Residences in Business Bay, Dubai, is an attractive place for property investments due to its advantageous location and developed infrastructure. The area borders top tourist locations such as Downtown Dubai, Al Safa, and Jumeirah.
Its central location, bordering top tourist destinations like Downtown Dubai, Al Safa, and Jumeirah, as well as proximity to key business centers, high rental rates, and high ROI make apartments in Urban Life Residences ideal for investment.
As of Q2 2024, the average price for studios in Business Bay is approximately 600,000 AED ($163,350), with a price per square meter of about 15,000 AED ($4,083). One-bedroom apartments average 1,200,000 AED ($326,700), with a square meter price of 14,000 AED ($3,812). Two-bedroom apartments are valued at an average of 2,000,000 AED ($544,500), with a square meter price of 13,500 AED ($3,676).
The annual rental yield is approximately 6-8%, while short-term yield is 8-10%. Return on investment (ROI) is around 5-7% annually.
The project enjoys convenient access to major roads such as Sheikh Zayed Road (E11) and Al Khail Road (E44). Nearby are three metro stations: Business Bay Metro Station and Burj Khalifa/Dubai Mall Metro Station. The prestigious Jumeirah International School and shopping centers like Dubai Mall and Bay Avenue Mall are a 6-10 minute drive away.
Travel time to Dubai International Airport (DXB) is 15-20 minutes, and to DWC Airport is 40-45 minutes. Burj Khalifa is reachable in 5-10 minutes, while the nearest beaches like Jumeirah Beach and Kite Beach are 15-20 minutes' drive from Urban Life Residences.
| Price from | AED 890,000 |
|---|---|
| Handover | Q2 2026 |
| Status | Handover completed |
| Developer | Urban Properties Development (UPD) |
| Community | Business Bay |
| Emirate | Dubai |
| Property type | Apartment, Studio |
| Bedrooms | Studio, 1, 2 |
Facts updated: 2024-06-21
down payment
during construction
on handover in q2 2026
post-handover over 3 years
890,000AED
1,500,000AED
2,700,000AED
Urban Life Residences is a modern residential complex with exquisite design and stunning panoramic city views. The complex offers elegant and spacious studios and apartments with one and two bedrooms.
Each apartment in Urban Life Residences is meticulously finished using high-quality materials from leading global brands. This ensures not only stylish interiors but also comfort at the highest level. The complex offers various apartment layouts, allowing for optimal solutions to any needs and preferences.
The finishing is done with special attention to detail, creating an atmosphere of luxury and comfort. Each apartment in Urban Life Residences features modern technologies and amenities, ensuring a high standard of living.
Artur Galliamov
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