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Damac Properties · Business Bay

Altitude

Handover Q1 2028Plan 20/55/25
Starting price
AED 3.33M
From 2BR
Price / sqft
905
AED, derived from PropertyFinder unit data
Rental yield
6.2%
gross p.a., Business Bay avg
Capital appreciation
+8%
to handover (1.9y)
Popularity
61/100
demand index

About this project

Altitude is a residential tower in Business Bay offering studio to three-bedroom apartments with views of the Dubai Canal and city skyline. The project is developed by DAMAC Properties and is scheduled for completion in March 2028.

Location and Connectivity

The tower sits in Business Bay with direct access to Sheikh Zayed Road and major transport routes. Residents are a short drive from Downtown Dubai, Burj Khalifa, and the surrounding commercial and leisure districts.

Apartments and Design

Units range from compact studios to spacious three-bedroom layouts. Floor-to-ceiling windows bring in natural light and canal or cityscape views. Interiors are designed for modern urban living with open-plan configurations.

Amenities and Facilities

The tower includes a swimming pool, fully equipped gym, meditation decks, and landscaped gardens. Ground-level retail outlets, BBQ areas, and cabanas provide convenience and social spaces. Valet parking and 24-hour security are standard.

Investment Outlook

Business Bay's ongoing development, proximity to Downtown Dubai, and canal-front positioning support rental demand. Starting prices begin at AED 3.33 million, with flexible payment plans tied to construction milestones.

Valet Parking
Gymnasium
Tennis Courts
Restaurants
Cycle track
Cafe and Restaurants
Shared Spa
Security
Shared Pool
Cafe
Swimming Pool
Retail Outlets
Landscaped Gardens
Parks
Cabanas
BBQ Areas

Altitude completion date and handover

Altitude by Damac Properties in Business Bay, Dubai is scheduled for handover in Q1 2028 (January–March 2028). Construction is estimated at ~25% based on the developer's reported phase.

Altitude payment plan

The headline payment plan for Altitude is 20/55/25 (3 options available). See the full breakdown of booking, construction and post-handover instalments in the Financials tab.

  • Option 1 — Down Payment: 20% • During Construction: 55% • Handover: 25%
  • Option 2 — Down Payment: 20% • During Construction: 80%
  • Option 3 — Down Payment: 20% • During Construction: 55% • Handover: 25%

Altitude floor plans and unit types

Altitude offers 3 unit types:

2BR
1,3281,440 sqft
from AED 3.33M
3BR
2,0142,014 sqft
from AED 5.68M
2BR
3,6863,686 sqft
from AED 3.40M

Altitude rental yield and price per square foot

Estimated gross rental yield: 6.2% p.a., benchmarked against current Business Bay rental data. Entry pricing works out to AED 905 – 4,279 per sqft, with estimated capital appreciation of 8% to handover.

Project facts

Ownership
Freehold
Government fee
4%
Property types
Apartment, Duplex
Buildings
1
Expected completion
31 Mar 2028

Project timeline

  1. Construction Started
    22 Apr 2024 · completed
  2. Expected Completion
    31 Mar 2028

Construction progressestimate

ExcavationStructureFaçadeMEPHandover

~25% — estimated from construction phase.

Frequently asked questions

What is the starting price for Altitude?
The starting price is AED 3,334,000.
Who is developing Altitude?
DAMAC Properties is the developer behind Altitude.
When will Altitude be completed?
The expected completion date is March 2028.
What are the payment plan options for Altitude?
Three payment plans are available. Option 1: 20% down payment, 55% during construction, 25% on handover. Option 2: 20% down payment, 80% during construction in 8 installments, 20% on handover. Option 3: 20% down payment, 55% during construction in 8 installments, 25% on handover.
Is Altitude a good investment?
Altitude is located in Business Bay with views of the Dubai Canal and proximity to Burj Khalifa and Downtown Dubai. The tower offers residential units with amenities and connectivity that support rental demand in the area.