Ontario Tower | Business Bay | Distress AED 1.5M vs OP 1.7M | Cash Only | Vacant on Transfer
Ref: DPF-ONT-1016-001
Business Bay, United Arab Emirates
Bedrooms
On RequestDown Payment
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Description
Apartment for Sale in Ontario Tower, Business Bay, Dubai — Distress AED 1,500,000 | Cash Buyers Only
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
Frequently Asked Questions
Why is this a cash-only listing?
The seller is requiring a cash transaction exclusively — no mortgage or bank financing will be accepted. This is driven by the seller’s need for a fast, unconditional, and fully clean transfer. A cash purchase eliminates the mortgage approval process (typically 30–60 days), bank valuations, and conditional offer periods, allowing transfer at the Dubai Land Department within 5–10 business days. For buyers with immediate liquidity, this represents the fastest and cleanest acquisition structure available in Business Bay.
What is the distress price and saving?
The distress asking price is AED 1,500,000. The original purchase price was AED 1,700,000 — saving AED 200,000 representing 11.8% below the original price. The buyer at AED 1,500,000 acquires the property at AED 1,476 per sq ft — a competitive price for a Business Bay apartment of 1,016 sq ft in a centrally located building.
Is the property vacant and when can I take possession?
Yes. The property is vacant and possession transfers to the buyer on the day of the Dubai Land Department transfer. There is no outgoing tenant, no notice period, and no gap between transfer and possession. For a cash buyer, this means rental income can commence within days of completing the transaction.
Is the property unfurnished and what does that mean for a buyer?
Yes, the property is fully unfurnished. This means no furniture, fixtures, or fittings beyond the fitted kitchen and built-in wardrobes (standard inclusions — to be confirmed on viewing). For an investor, it provides complete freedom to furnish to a short-term or long-term rental specification without needing to remove or replace existing furnishings. For an owner-occupier, it enables full personalisation of the interior to their own taste.
What are the total costs for a cash buyer?
Based on the asking price of AED 1,500,000: DLD transfer fee 4% (AED 60,000), DLD admin (approximately AED 580), agency commission 2% plus VAT (approximately AED 31,500). Total estimated all-in cash outlay for the buyer is approximately AED 1,592,080. No mortgage arrangement fees, valuation fees, or bank-related costs apply in a cash transaction.
Can all nationalities purchase in Ontario Tower, Business Bay?
Yes. Business Bay is a designated freehold area in Dubai, allowing property ownership by all nationalities worldwide — both UAE residents and non-residents. There are no nationality restrictions on purchasing in Ontario Tower.
What is the service charge and what does it cover?
The service charge for this unit in Ontario Tower, Business Bay is available on request from our team. Service charges in Ontario Tower cover maintenance of common areas, building facilities (pool, gym, lobby), security, and building management. A service charge clearance certificate confirming no outstanding arrears will be provided by the seller as part of the due diligence package.
What is the rental yield potential for this Business Bay apartment?
Business Bay consistently delivers some of the strongest rental yields in the Dubai residential market — driven by its central location adjacent to Downtown Dubai and DIFC, which are two of the city’s largest concentrations of international corporate employment. A vacant, unfurnished 1,016 sq ft apartment at AED 1,500,000 in Ontario Tower, acquired at AED 1,476 per sq ft, has a strong income profile for both short-term holiday rental and long-term corporate leasing. Specific comparable rental rates and yield estimates for Ontario Tower are available on request.
How long does a cash transfer take in Business Bay?
A clean cash transfer at the Dubai Land Department in Business Bay can typically be completed within 5–10 business days of agreement, subject to NOC from the building management, service charge clearance, and standard DLD processing. Our team will coordinate the full process to ensure the fastest possible timeline.
What due diligence documents are available?
The following due diligence documents are available on request: title deed, NOC from Ontario Tower management, service charge clearance certificate, utility clearance, floor plan and unit specification, recent DLD transaction comparables for Business Bay, and any relevant building authority documentation. Our team will facilitate the complete due diligence package before the buyer commits to transfer.
How do I arrange a viewing or proceed with the cash purchase?
Contact our team immediately via phone, email, or WhatsApp to arrange a same-day or next-day viewing of this apartment in Ontario Tower, Business Bay. Bring your proof of funds or a bank statement confirming available cash — the seller is ready to move immediately with a verified cash buyer. With AED 200,000 below the original price and same-day transfer available, this is a rare and actionable Business Bay distress opportunity.
Floor Plan
Floor Plan — Ontario Tower, Business Bay, Dubai | 1,016 Sq Ft
This apartment in Ontario Tower, Business Bay spans 1,016 sq ft. The exact bedroom count, bathroom count, floor level, view direction, and precise room-by-room layout are available on request and will be confirmed at the time of physical viewing. The 1,016 sq ft footprint accommodates a standard residential layout with living and dining areas, a kitchen, bedroom or bedrooms, bathroom or bathrooms, and balcony or terrace access. The property is unfurnished — the incoming buyer has complete freedom to specify the interior according to their own use or rental objective. A physical viewing is strongly recommended for any cash buyer prior to committing to transfer, and our team can arrange this on same-day or next-day notice. Full detailed floor plan with room dimensions, balcony dimensions, and building orientation are available on request from our team.
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