11.8% Below Original Price | AED 200,000 Saving | 1,016 Sq Ft | Unfurnished | Vacant on Transfer Day | No Mortgage — Cash Only
A clean, fast distress opportunity in Business Bay — one of Dubai's most central and professionally active residential and commercial addresses. An apartment in Ontario Tower spanning 1,016 sq ft is being offered at AED 1,500,000 against an original purchase price of AED 1,700,000, delivering a verified saving of AED 200,000 or 11.8% below what the seller originally paid. The property is unfurnished, vacant, and will be transferred to the buyer on the day of completion at the Dubai Land Department. Critically, this listing is available to cash buyers only — no mortgage financing will be accepted, making this exclusively available to buyers with immediate liquidity who can close quickly and without bank involvement. For the right cash buyer, this is one of the fastest and most straightforward distress acquisitions currently available in Business Bay.
Property Highlights
- Project: Ontario Tower, Business Bay, Dubai
- Size: 1,016 sq ft
- Bedrooms: Available on request
- Bathrooms: Available on request
- Condition: Unfurnished
- Occupancy: Vacant — possession on day of transfer
- Original Price (OP): AED 1,700,000
- Distress Asking Price: AED 1,500,000
- Saving vs OP: AED 200,000 (11.8% below original price)
- Payment: Cash only — no mortgage accepted
- Floor: Available on request
- View: Available on request
- Property Status: Ready — Secondary Market — Distress Sale — Cash Only
About Ontario Tower — Business Bay, Dubai
Ontario Tower is a residential building located in Business Bay — Dubai's premier mixed-use waterfront district stretching along the Dubai Canal between Downtown Dubai and the DIFC. Business Bay represents one of the most strategically positioned residential addresses in the city: immediately adjacent to Downtown Dubai and the Burj Khalifa, connected to the Dubai Canal waterfront promenade, and within minutes of DIFC, Sheikh Zayed Road, and the broader city centre. Ontario Tower provides freehold residential ownership in this premium central corridor, with the standard Business Bay residential amenity provision and the lifestyle advantages of the Dubai Canal waterfront setting. For an investor or end-user seeking a straightforward, fully clear apartment in Business Bay below the seller's original price, Ontario Tower at AED 1,500,000 for 1,016 sq ft represents a compelling entry point at AED 1,476 per sq ft — well below the current transaction average for the district.
Community and Lifestyle
- Business Bay — prime mixed-use district adjacent to Downtown Dubai and DIFC
- Dubai Canal promenade — waterfront walkway, dining, and cycling path on the doorstep
- Immediate proximity to Burj Khalifa, Dubai Mall, and Downtown Dubai's lifestyle ecosystem
- Strong corporate rental demand from DIFC professionals, consultants, and international executives
- High short-term rental occupancy driven by proximity to Dubai's most visited district
- Vacant on transfer day — immediate income potential from day one of ownership
- Cash-only transaction closes in 5–10 days — no bank delays or mortgage approval timelines
Amenities
- Swimming pool
- Gymnasium and fitness facilities
- Lobby and reception
- Covered parking
- 24/7 building security and access control
- Maintenance and facilities management
- Dubai Canal waterfront — walking distance to promenade and dining
- Full amenity confirmation and service charge details available on request
Layout and Floor Plan
This apartment in Ontario Tower, Business Bay spans 1,016 sq ft. At this footprint, the unit delivers a well-proportioned layout across a living and dining area, kitchen, bedroom or bedrooms, bathroom or bathrooms, and a balcony. The property is unfurnished — meaning the incoming buyer has complete freedom to configure and design the interior to their own specification and taste, whether for personal use or for a professionally designed short-term or long-term rental income product. Detailed floor plan, exact bedroom configuration, bathroom count, floor level, and view direction for this unit in Ontario Tower are available on request from our team.
Payment Position — Cash Only
This listing is available exclusively to cash buyers. No mortgage or bank financing will be considered by the seller. The cash-only requirement enables the fastest possible transaction timeline — a verified cash purchase in Business Bay can transfer at the Dubai Land Department within 5–10 business days of agreement, compared to 30–60 days for a mortgaged transaction. For a buyer with immediate liquidity, this is one of the cleanest acquisition structures available in the Dubai market.
Price Analysis
- Original Purchase Price (OP): AED 1,700,000
- Distress Asking Price: AED 1,500,000
- Saving vs OP: AED 200,000 (11.8% below original price)
- Price per Sq Ft at Asking: AED 1,476
- Price per Sq Ft at OP: AED 1,673
- Payment Type: CASH ONLY — no mortgage accepted
Estimated Buyer Transfer Costs
- Purchase Price: AED 1,500,000
- DLD Transfer Fee (4%): AED 60,000
- DLD Administrative Fee: Approximately AED 580
- Agency Commission (2% + VAT): Approximately AED 31,500
- Total Estimated All-In: Approximately AED 1,592,080
Title deed, NOC from Ontario Tower management, service charge clearance certificate, and all due diligence documentation are available on request. The property is vacant and transfer can proceed immediately upon agreement.
Location and Connectivity
- Community: Business Bay, Dubai
- Key Roads: Sheikh Zayed Road (E11), Al Khail Road (E44), Business Bay Crossing
- Dubai Canal Promenade: Walking distance
- Dubai Mall / Downtown Dubai: Approximately 5–10 minutes by car
- Burj Khalifa: Approximately 5–10 minutes by car
- DIFC: Approximately 5–10 minutes by car
- City Walk: Approximately 10–15 minutes by car
- Safa Park and Al Wasl: Approximately 10–15 minutes by car
- Dubai Marina: Approximately 20–25 minutes by car
- Dubai International Airport (DXB): Approximately 15–20 minutes by car
- Al Maktoum International Airport (DWC): Approximately 30–35 minutes by car
Why This Ontario Tower Listing Is an Opportunity for Cash Buyers
- AED 200,000 below original price — 11.8% verified saving on a documented OP
- Cash only — transaction can close in 5–10 days, not 30–60 days for mortgaged deals
- Vacant on transfer day — zero rental voidance from day one
- Unfurnished — full interior freedom for owner-use or rental specification
- AED 1,476 per sq ft — competitive entry for a Business Bay centrally located apartment
- Business Bay freehold — available to all nationalities
- Dubai Canal waterfront lifestyle and Downtown Dubai proximity as daily standard
- Strong and consistent corporate rental demand from DIFC and Business Bay professionals
Golden Visa eligibility, rental and yield figures, handover timing and transport connectivity described above reflect source information published as at 17 August 2026 and can change. Confirm current status before relying on them.
