Arabian Gulf Properties and Time Properties complete new residential scheme in Business Bay

Posted on 29th May 2015

According to reports, developers Arabian Gulf Properties and Time Properties have completed a new residential scheme in Business Bay, close to the Dubai Water Canal under construction.

The 23-storey AG Tower will comprise 437 apartments aimed at business professionals, said real estate agent Fortune 5, according to constructionweekonline news reports.

It added that Business Bay is becoming one of the most popular investment areas in Dubai, with the Dubai Land Department registering the highest number of apartment sales in all of Dubai in Q1 2015, rental yields of 7.36 percent and occupancy rates of 80 percent.

The tower offers views of the Godolphin Stables to the West, the Dubai Water Canal to the south and the city to the north.

Prem Gopalani, executive chairman of Fortune 5, said: “This development will offer city-loving, young professionals and families a relaxed yet urban and upscale residential living experience in Dubai’s central business district, located near some of the largest international corporations, and most popular landmarks, dining and retail options.”

Back to all Construction News

Share this story: