The Residences at Business Central, Business Bay

The Residences at Business Central, Business Bay

HIGHLIGHTS

About The Residences at Business Central

Officially known as The Residences at Business Central and informally called RBC Tower, The Residences is a project by DAMAC Properties. Not to be confused with the project of the same name in Downtown Dubai, The Residences (RBC Tower) is located in Business Bay. It lies next to the novel canal-side development that features floating villas at Marasi Marina. Being located at this prime waterfront location, The Residences at Business Central have proximity to Burj Khalifa and a number of other prestigious developments. The project that was proposed in 2007 and was ready by 2013. 

Making a total of 23 floors, The Residences at Business Central includes three podium levels and 19 top floors apart from the ground floor. The recreational area is spread across the podium’s rooftop which is delightfully landscaped. The luxury amenities of The Residences at Business Central ranges from leisure spots to health club facilities. These include gymnasium, swimming pool, barbeque stations, an outdoor play area for kids, a retail section on the ground floor and parking facility for residents as well as visitors.

IN A NUTSHELL

  • Type of building: Residential
  • Location: Business Bay
  • Developer: DAMAC Properties
  • Date of completion: 2013
  • Number of floors: 23
  • Unit type: 1, 2 and 3-bedroom apartments
  • Type of ownership: Freehold
  • Amenities: Gymnasium, swimming pool, BBQ area, kids’ play area, residents’ lounge, supermarket

BUILDING DETAILS

Facilities in The Residences at Business Central

Parking

Available for both guests and residents, parking spaces in The Residences at Business Central are distributed across three podium levels as well as over the ground and basement levels.

Elevators

Residents, visitors as well as the building staff have easy access to every floor through high-speed elevators in The Residences at Business Central. 

Security, Central Air-Conditioning and Maintenance Services 

Apartments in The Residences at Business Central are well-maintained with air conditioning and heating system facilities. The security measures include guards, surveillance cameras and intercom systems.

Event Space

RBC Tower has a BBQ area that can be used as an event space for social gatherings and get-togethers.

Gym and Fitness Facilities 

The Residences at Business Central has a fully-equipped gym for fitness enthusiasts. It has a range of high-tech exercise equipment for most types of fitness training. For those looking for other fitness training, they can consider other popular gyms in Business Bay.

Lifestyle Amenities

The swimming pool in The Residences at Business Central exists on the podium’s rooftop. Set at one corner of the common outdoor terrace, the luxury swimming pool includes a Jacuzzi. Parents can bring their children to the play area on the common outdoor terrace. 

Concierge and Guest Services 

For any assistance, residents can reach out to the 24-hour concierge services provided at The Residences at Business Central. The building’s lobby is tastefully designed to make guests feel welcomed.

Apartment Types in The Residences at Business Central

Residential properties in The Residences at Business Central consists of 1, 2 and 3-bedroom apartments for rent as well as for sale.

1-Bedroom Apartments in The Residences at Business Central

Varying from small layouts to large plans, the floor area of 1-bed apartments in RBC Tower ranges between 681 sq. ft. and 1,154 sq. ft. Each 1-bedroom unit includes one bedroom, one bathroom, an open kitchen, one washroom for guest, balcony and a combined area for living and dining area.

2-Bedroom Apartments in The Residences at Business Central

2BHK apartments in The Residences at Business Central have floor areas ranging from 1,331 sq. ft. to 1,523 sq. ft. Each of these apartments feature one master bedroom, one general bedroom, two bathrooms, a guest’s toilet, kitchen, balcony and a living room.

Most Popular Apartment Types in The Residences at Business Central

  • 1-Bed
  • 2-Bed
  • 0
  • 20%
  • 40%
  • 60%
  • 80%100%

Based on searches conducted by users on Bayut.com over the past 12 months

According to the searches made on Bayut, the most popular apartments in The Residences at Business Central are 1-bedroom apartments. These are followed by 2-bedroom apartments.

Apartments for rent in The Residences at Business Central are available at the following prices:

  • 1-bedroom apartments in RBC Tower have rental prices ranging between AED 47k and AED 60k per annum
  • The annual rental prices of 2-bedroom apartments varies between AED 72k and AED 85k

Just like other apartments for rent in Business Bay, the payment amounts are decided on annual basis. These, however, can be paid via multiple post-dated cheques.

Apartments for sale in The Residences at Business Central are freehold and exhibit the following price trends:

For the comparison of prices with similar units, you can browse Business Bay apartments for sale.

Rental Yield in The Residences at Business Central

  • 1-Bed
  • 2-Bed
  • 0
  • 2%
  • 4%
  • 6%
  • 8%10%

Based on searches conducted by users on Bayut.com over the past 12 months

The most profitable properties in The Residences at Business Central are the 1-bedroom flats that are known to fetch an ROI of 7.1%. 2-bedroom apartments rank second with 5.3% ROI.

Service Charges in The Residences at Business Central

GENERAL FUND
PRICE PER SQ. FT. IN AED
GENERAL FUND
Services
General upkeep of the building
PRICE PER SQ. FT. IN AED
2.52
GENERAL FUND
Maintenance
General repairs and replacements
PRICE PER SQ. FT. IN AED
3.39
GENERAL FUND
Utilities Services
Charges for using DEWA/district cooling facilities and meters
PRICE PER SQ. FT. IN AED
3.64
GENERAL FUND
Management Services
Owner’s association charges for managing the property
PRICE PER SQ. FT. IN AED
1.24
GENERAL FUND
Insurance
Charge for the insurance of the building
PRICE PER SQ. FT. IN AED
0.40
GENERAL FUND
Master Community
Fees for communal facilities in the neighbourhood
PRICE PER SQ. FT. IN AED
0.51
GENERAL FUND
Income
A credit or debit charge
PRICE PER SQ. FT. IN AED
0.23
GENERAL FUND
Reserved Fund
Funds used for major repairs and to help maintain the yearly service charges fees
PRICE PER SQ. FT. IN AED
0.93
GENERAL FUND
Total
PRICE PER SQ. FT. IN AED
12.86

These figures are based on the services charges for The Residences (RBC Tower)* as per the Dubai Land Department.

There are many different types of Dubai service charges, read up on the service charges guide if you are interested in buying a property in Dubai.

*These charges are subject to change.

NEARBY AMENITIES

Transportation near The Residences at Business Central 

Those who rely on bus service, as well as on metro rides, have a good advantage over transportation near The Residences at Business Central.

Bus Stations near The Residences at Business Central

RBC Tower 2 Bus stop is just 2-minute walk away from The Residences. Other bus stops are located outside Coral Towers and Empire Heights Towers, 8 to 12-minute walk away from The Residences at Business Central.

Metro Stations near The Residences at Business Central

Business Bay Metro station is 9-minute drive away. Other options include Burj Khalifa/ Dubai Mall Metro station and Financial Centre Station, accessible within a 10-minute drive from RBC Tower.

Restaurants near The Residences at Business Central

There is an eclectic array of fast-food, fine-dining and casual restaurants near The Residences at Business Central. These include:

  • Piccolo Mondo
  • Sushi Central
  • Lakeside Spice Restaurant
  • Iazakaya

Baron Café & Restaurant offers a wide range of hot and cold appetisers as well as many Mediterranean favourites. Khubz & Meleh has a variety of Middle Eastern specials available on their menu. Izakaya is one of the best dining places in Business Bay and offers flavourful sushi.

Some of the coffee places near The Residences at Business Central include:

  • L’ETO
  • Dalona Café
  • The Kana Café

The nearest licensed option is Bay Club located 7 minutes away across Dubai Creek. Nezesaussi Grill and Buhayra Lounge are also nearby options with a bar service. Scattered around a close distance, there are a few licensed eateries such as Tabs House, Taiga Dubai and Bay Club.

Supermarkets near The Residences at Business Central

Supermarket in RBC Tower
The Residences at Business Central has a supermarket on the ground floor

There is a supermarket named Magic City on the ground floor. Residents can also do their grocery shopping from one of the supermarkets near The Residences at Business Central. There are several of them, such as:

  • Choithram
  • Allday Minimart
  • Spinneys

The popular supermarket chains such as Carrefour, Spinneys and Choithrams are accessible within a 7-minute drive. They are located on Al Asayel Street. There is also Allday Minimart in the same area. The nearest, however, is Better 1 Mart Supermarket at a driving distance of 3 minutes.

NEARBY BUILDINGS

The nearby buildings include:

Business Bay has a collection of both commercial and residential units. The aforementioned buildings are accessible within a 5-minute drive from The Residences at Business Central.

Major Landmarks

Dubai Opera
Dubai Opera is a centre for performance arts

Living in Business Bay offers proximity to many leisure and notable landmarks, such as:

  • Burj Khalifa
  • Dubai Opera
  • The Dubai Mall

There are leading business companies, luxury accommodations as well as major landmarks near The Residences at Business Central. Burj Khalifa, The Dubai Mall, The Dubai Fountain and Dubai Opera lie in proximity to the building. Business Bay’s marina development called Marasi Marina itself is the closest landmark near The Residences at Business Central

THINGS TO CONSIDER

The Residences at Business Central welcomes singles, couples as well as families. It offers high-end accommodation in mixed-use development. Those who prefer living in a completely residential area can check out other areas in Dubai such as Al Quoz and Al Wasl.

Are you looking to buy or rent apartments in The Residences at Business Central?

RATINGS & REVIEWS

Reviews are not available currently for this building

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