The First Collection Business Bay — project image
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The First Collection Business Bay

From AED 1.30M·Completed Mar 2021·Developer payment plan available Payment
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AED 1.30M
Starting Price
Mar 2021
Handover
Developer payment plan available
Payment Plan
Studio · Hotel apartments
Type

Project Overview

The First Collection Business Bay is an impressive hotel offering stylish and comfortable rooms. Located in the dynamic Business Bay district, it provides quick access to Dubai’s world-class attractions and major city landmarks. The architecture of The First Collection Business Bay reflects contemporary elegance. The façade, crafted using advanced technologies, gives the building a distinctive and refined appearance, while many rooms offer panoramic views of Dubai’s iconic skyline, including the Burj Khalifa. Each room is thoughtfully designed with comfort and style in mind. High-quality finishes, premium materials, and refined décor create an atmosphere of luxury and relaxation. Guests can enjoy a wide range of amenities, including an outdoor swimming pool, a modern fitness center, dedicated relaxation areas, as well as 24-hour security and concierge services. The hotel is conveniently located just 8 minutes by car from the Burj Khalifa and Dubai Mall. Major business districts and key transport routes, including Sheikh Zayed Road, are easily accessible. Jumeirah Beach can be reached in about 10 minutes, while Dubai Marina and Palm Jumeirah are approximately 22 minutes away. Dubai International Airport (DXB) is around a 15-minute drive, ensuring smooth and effortless travel.

Project Specifications
DeveloperThe First Group
LocationBusiness Bay
Unit TypesStudio, Hotel apartments
AreaBusiness Bay
OwnershipFreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 56,095 / year
Cash-on-Cash
2.2%
Levered cashflow AED 13,195
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 598,000 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from The First Group.

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

Bar
Central A/C
Concierge Service
Conference room
Covered Parking
Dining outlets (coffee houses & restaurants)
Fitness Zone
Housekeeping Services
Leisure areas
Lift
Lobby
Lounge
Pets Allowed
Pool Lounge
Recreational areas
Resting Areas
Retail outlets
SPA
Sauna
Security and CCTV
Shared Pool
Shared gym
Sitting Area
Social zone
Valet parking

Location

Business Bay

Nearby Destinations

Business Bay

Developer and Project Facts

01

The First Collection Business Bay by The First Group

02

Located in Business Bay

03

Starting from AED 1,300,000

04

Unit mix includes Studio, Hotel apartments

05

Expected handover: Mar 2021

06

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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RERA Registered
Qualified Buyer Flow
Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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