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Biggest new-tenant rent premium in Business Bay

45 Business Bay apartment buildings · new against renewal rents · last 12 months

In the median building listed, a new tenant pays -2.8% more than a renewing one (+3.4% across Dubai); the widest gap is +13.4%.

Median of the list

-2.8%

Dubai median +3.4%

How this list is built

New-contract versus renewal-contract median rents at the published grain, not an individual permitted increase.

Median against median in the same building; not an individual permitted increase.

Methodology →

Biggest new-tenant rent premium in Business Bay

All DubaiBusiness Bay
#BuildingNew-tenant premiumMedian priceAED/sqftSales
1The Opus By OmniyatBusiness Bay+13.4%3,271,6792,89420
2Burj PacificBusiness Bay+11.1%2,034,4001,3009
3Peninsula OneBusiness Bay+10.5%1,832,5002,77678
4Terraces Marasi DriveBusiness Bay+9.6%4,607,5002,01616
5Sol BayBusiness Bay+9.5%1,900,0002,21432
6Luxury Family Residence IIBusiness Bay+8.0%1,300,0002,25722
7Al Habtoor TowerBusiness Bay+5.9%3,444,2752,733205
8Elite Business Bay ResidenceBusiness Bay+5.0%800,0001,39050
9Ontario TowerBusiness Bay+4.7%1,068,5201,27732
10SLS Dubai Hotel & ResidencesBusiness Bay+4.2%2,000,0002,05945

Faded bar: fewer than 10 sales behind the price · 35 more buildings

The same list, one area at a time18 areas rank enough buildings for a list of their own

How this list is builtOne published number, in the order the table shows

Ranked by the gap between what a new tenant pays and what a sitting tenant pays in the same building, over the last 12 months. Renewal rents are capped by RERA and sit below market, so a wide gap means rent that is below market until the unit changes hands. Both sides need at least 5 contracts, and buildings whose rent is pooled across a project, or whose median price is below AED 300,000, are excluded.

Source: Dubai Land Department open data. Data to .

Other rankings

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Biggest new-tenant rent premium in Business Bay

Record type
Ranked building market record
Data date
Evidence base
45 eligible apartment buildings
Sources
Dubai Land Department sale transactions and Ejari rental contracts
Canonical record
/rankings/biggest-turnover-upside-business-bay
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “Biggest new-tenant rent premium in Business Bay.” Data to 2026-10-12. https://dubaiwealthindex.com/rankings/biggest-turnover-upside-business-bay