Under construction properties
Ritz-Carlton Resindences
$6,897,700 — $15,518,300
  • Property types:
    4 bedroom, Penthouse
  • Two-Year Price Appreciation:
  • District:

    Business Bay

  • Developer:

    Khamas Group

  • Class of the property:
  • Class of the district:
  • Rating Independent:
  • Reliability of the developer:
  • Down payment:
  • Payment plan:
  • Completion date:
    Q2 2025

About district
  • District

    Business Bay

The area with the self-explanatory name, Business Bay is the business and commercial center of Dubai. Its concept was created as an equivalent of Manhattan in New York and Ginza in Tokyo. Development of the area began in 2003 and by 2017, the world-famous publishing house; Lonely Planet, who publishes global travel guides, included Business Bay in the top-five most interesting places to visit.

Business Bay hosts ​​a number of mixed-use, high-rise developments from office buildings, banks and retail areas, residential real estate, luxury hotels, restaurants and entertainment venues. The total area of ​​Business Bay is 79,975,854 sq. ft. After the full completion of construction works, there will be 240 skyscrapers that will house residential and commercial units. The main waterway of the Emirate, the artificial Dubai Water Canal, runs along the central part of the entire area. There are dozens of restaurants, as well as cultural and entertainment facilities along the waterfront, including the famous aqua theatre, La Perle.

This is a multicultural area with a vibrant cosmopolitan atmosphere that attracts young professionals from all over Dubai. Residences are often bought and rented by foreigners who work in the Business Bay area itself or in the nearby areas of Downtown Dubai and Dubai International Financial Center (DIFC).
Statistics by district
Unit cost
Sales price
Unit cost
Sales price per sqft

About developer

Khamas Group

The Khamas Group is a remarkable success story in the UAE. One of the most respected enterprises; it has grown along with the developments in the Emirates. The Group is a leading stakeholder in construction and other industries.

Its stakes are seen in major business interests, with over 120 enterprises in the Emirates alone. It is globally recognized through its Divisions: Developments, Contracting & Construction, Hotels, Hospitality, FMCG, Manufacturing, Franchising, and Education. Staffed with highly-qualified and experienced professionals, Khamas Group operates in the UAE and international markets. Its manpower team now exceeds 10,000, and is expected and is expected to grow in line with its expansion

The core of its values and principles lies in the competent leadership of its division managers, the wealth of experience of its manpower, and fair enterprise in spite its position amid the current competition. Thus, for over a century, Khamas Group has become an institution of confidence and success in multi-industry across the UAE.

About building
About Ritz-Carlton Resindences
The Ritz-Carlton Residences, Dubai, Business Bay by Khamas Group Investments & Co is set to become the next iconic landmark in the thriving area of Business Bay. The ultra-luxury 18-storey project is being created in collaboration with Marriott International, which is the world’s largest and global lodging company with over 8,100 properties across 30 leading hotel brands worldwide.

The premium master developer has hired some of the most renowned architects and designers in the world to make The Ritz-Carlton Residences, Dubai, Business Bay come to life. Ana Moussinet who is a Paris-based designer, will be creating the interiors of the project, and has worked on high-end developments in Europe, the Middle East and Africa. There is also the Milan-based multicultural architecture and design company called MMA Projects, founded back in 1999 by Marco Mangili, who will be creating the architectural concept of the premium complex.

There will be a collection of just 66 meticulously crafted serviced residences available for purchase, namely 1–3 bedroom apartments, two 3-bedroom penthouses and an opulent 4-bedroom duplex villa. The floor plan size of the ultra-luxe properties varies between 1,437 sq. ft and a huge 13,379 sq. ft, providing plenty of space for luxury, comfortable living.

Each of the stunning residences will come with floor-to-ceiling windows and private balconies, offering a breathtaking view of the Downtown Dubai skyline. Prospective real estate buyers will be keen to learn that all the properties will be sold fully furnished. Oozing utter refinement, finishes will include oak flooring in the living rooms, chevron-patterned travertine osso floors in the bathrooms, marble stone in the custom-designed kitchens, and bronze inserts framing the walls and mirrors.

On top of that, 2–4 bedroom units will be equipped with private plunge pools and expansive decks for a resort-like vibe. At the same time, the 2 palatial penthouses will be complemented with expansive terraces on all 4 sides with a spectacular 360-degree view of the dazzling city.
Features / Amenities
  • Parking
  • Private garden
  • 49 ft swimming pool
  • Office
  • Gym and fitness room
  • Terrace
  • Jacuzzi
  • Lounge area
  • Indoor cinema

Floor Plans
4 bedroom / 5564 sqft — 6615 sqft
$6,897,700 — $8,663,800
Penthouse, 6 bedroom / 12924 sqft

Process of purchasing
Process of purchasing property
Step №1
We identify a suitable property that meets your needs and has promising potential for appreciation.
Step №2
We confirm the property's availability with the developer, keeping in mind that properties in Dubai can be snapped up quickly.
Step №3
Our team verifies the escrow accounts and the project card via the Dubai Land Department website.
Step №4
You place an Expression of Interest (refundable) or a Deposit (non-refundable) - 2-5% to provisionally reserve the property under your name. This deposit is paid into the developer's bank account.
Step №5
We complete and sign the Booking Form online.
Step №6
You transfer the remaining part of the initial payment (10-20%) within 1-2 weeks. This payment is also made to the developer's bank account.
Step №7
We handle the payment of the Dubai Land Department (DLD) fee, which amounts to 4% of the property value.
Step №8
You cover additional fees: the administration fee (580 AED) and OQOOD - temporary ownership certificate (2,100 AED for sale price below 500k - 4,200 AED for sale price above 500k).
Step №9
We sign the main Sales and Purchase Agreement (SPA) either remotely, at the developer's office, or via post. This typically occurs within 1-2 months.

Example of the agreement
Step №10
You continue with the remaining payments, which are made to the project's escrow account, until the handover or key collection.
Step №11
Upon completion of the full payment, you will receive the Title Deed - the ownership certificate (250 AED) and then proceed to take over the property and collect the keys.

Title Deed
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