Distress Deal: 1-Bedroom Apartment at The Quayside by Ellington, Business Bay, Dubai

Spacious 1BR in The Quayside by Ellington – AED 130,000 Below Original Price

A rare opportunity to acquire a 1-bedroom apartment at The Quayside by Ellington in Business Bay, Dubai, at a genuine below-market price. The seller’s original purchase price was AED 1,830,000; this unit is now listed at AED 1,700,000 — a saving of AED 130,000 (approximately 7.1%). At 760 sq.ft on a medium floor, this is a well-proportioned one-bedroom in one of Business Bay’s most design-forward waterfront developments. Suited to investors seeking instant equity and end-users who want to enter a premium address below replacement cost.

Property Highlights

• Project: The Quayside by Ellington
• Developer: Ellington Properties
• Community: Business Bay, Dubai
• Property Type: Apartment
• Bedrooms: 1
• Bathrooms: 1
• Internal Size: 760 sq.ft
• Floor: Medium floor
• View: Available on request — unit-specific view and orientation to be confirmed
• Parking: Available on request
• Original Price (OP): AED 1,830,000
• Asking Price: AED 1,700,000
• Discount vs. OP: AED 130,000 (~7.1%)
• Status: Off-Plan / Distress Sale
• Handover: To be confirmed with the latest developer update

About The Quayside by Ellington

The Quayside is a signature residential development by Ellington Properties, positioned along the Dubai Canal in Business Bay. Ellington is widely regarded as one of Dubai’s most design-centric developers, and The Quayside reflects their hallmark approach: refined interiors, considered layouts, and curated amenity programming. The tower enjoys direct canal frontage, placing residents within walking distance of the Dubai Canal promenade and minutes from Downtown Dubai and DIFC. For investors, Ellington-branded stock in Business Bay has demonstrated strong demand from both short-term rental operators and long-term tenants, supported by the district’s ongoing infrastructure investment and business hub status.

Community & Lifestyle

• Direct access to the Dubai Canal waterfront promenade
• Walking distance to Downtown Dubai and Burj Khalifa district
• Minutes from DIFC, Dubai’s primary financial and professional hub
• Dense amenity environment: cafés, restaurants, hotels, and retail lining the canal
• Strong short-term rental demand driven by proximity to major business and tourist attractions
• Ideal for young professionals, investors, and international buyers

Amenities

• Infinity or rooftop swimming pool (to be confirmed with developer)
• State-of-the-art fitness centre
• Landscaped podium deck and outdoor leisure areas
• 24-hour concierge and building security
• Covered parking
• High-speed elevators
• Canal-facing lobby and communal spaces
• Full amenity list available on request from the developer

Layout & Floor Plan

This 1-bedroom unit spans 760 sq.ft on a medium floor of The Quayside. Ellington’s typical 1-bedroom layouts in this project feature an open-plan kitchen and living area, a well-proportioned master bedroom with en-suite bathroom, and a balcony or terrace (unit-dependent). Detailed floor plan for this specific 1-bedroom stack at The Quayside by Ellington in Business Bay is available on request.

Payment & Handover

This is a distress resale of an off-plan unit. The seller acquired at AED 1,830,000 and is motivated to transfer at AED 1,700,000. The buyer will assume the existing payment plan or settle the outstanding balance depending on construction milestone status. Exact payment plan structure, amount paid to date, and remaining instalments are available on request. Dubai Land Department (DLD) transfer fees of 4% apply, plus applicable admin fees. A detailed cost sheet is available upon enquiry.

Location & Connectivity

• Downtown Dubai / Burj Khalifa: approximately 5–8 minutes by car
• DIFC: approximately 5–7 minutes by car
• The Dubai Mall: approximately 8–10 minutes by car
• Dubai International Airport (DXB): approximately 15–20 minutes by car
• Dubai Marina: approximately 20–25 minutes by car
• Business Bay Metro Station: within walking distance
• Direct access to Sheikh Zayed Road and Al Khail Road

Why Invest in The Quayside, Business Bay

• Instant equity: AED 130,000 below original developer price on day one
• Ellington premium: Ellington-branded stock commands higher rental yields and resale premiums in Dubai’s secondary market
• Canal frontage: Waterfront units in Business Bay are increasingly rare and in sustained demand
• Business Bay growth: Ongoing commercial and residential densification supports long-term capital appreciation
• Short-term rental potential: Proximity to Downtown, DIFC, and tourist attractions drives strong Airbnb-type demand
• Motivated seller: Clean distress — no legal issues, price driven by seller’s liquidity need

Frequently Asked Questions (FAQs)