CHURCHILL TOWER 1

OVERVIEW

Churchill Tower 1 is a commercial commercial office tower in Business Bay, Dubai. Churchill Tower 1 is the first of two Churchill towers in Business Bay, developed by Churchill Properties. The building provides commercial office accommodation within Business Bay, with Churchill Tower 2 located adjacent and sharing the Churchill Properties brand identity. Business Bay is one of Dubai's primary commercial districts, located along the Dubai Creek extension adjacent to Downtown Dubai and the Burj Khalifa District. The district is served by the Business Bay Metro Station (Red Line) and benefits from direct access to Sheikh Zayed Road and Al Khail Road, providing strong connectivity across the broader metropolitan commercial network.

OFFICE STOCK AND TENANT PROFILE

Churchill Tower 1 provides commercial office accommodation across its floors, serving the broad occupier base characteristic of Business Bay: financial services firms, professional services practices, technology companies, real estate operators, and regional corporate offices seeking a central Dubai commercial address. Churchill Tower 1 serves Business Bay's core SME and professional services occupier base, with the adjacent Churchill Tower 2 providing a comparable address benchmark within the same development. The Business Bay submarket's established position as one of Dubai's largest office districts underpins consistent occupier demand across the leasing cycle.

RENTAL MARKET

Churchill Tower 1 is positioned within the mid-market tier of the Business Bay office market. Business Bay offers a wide pricing spectrum from accessible strata products to premium Grade A institutional towers, with the district's central Dubai location and Metro connectivity supporting sustained occupier demand. Churchill Tower 1 is priced within the mid-market tier of Business Bay, with the Churchill brand and dual-tower format providing address recognition that standalone strata towers cannot replicate. Lease terms in Business Bay typically range from one to three years for strata assets and three to five years for larger institutional occupancies.

SALES MARKET

Churchill Tower 1 units are traded in the secondary market with Churchill Tower 2 providing a natural price comparator given the similar specification and shared brand identity. Business Bay's established position as a major commercial district supports consistent secondary market activity for strata office assets at accessible price points relative to DIFC and Sheikh Zayed Road Grade A product. Gross yields are broadly consistent with the mid-market Business Bay strata benchmark. Buyers should confirm service charge levels and the owners' association's financial reserves before committing to any acquisition.

LOCATION AND ACCESS

Churchill Tower 1 is located in Business Bay, with the Business Bay Metro Station (Red Line) providing direct public transport connectivity to Downtown Dubai, DIFC, and the broader metropolitan network. Sheikh Zayed Road and Al Khail Road are accessible within minutes, providing strong vehicle connectivity. The Business Bay district provides an established business amenity environment with supporting retail, hospitality, and F&B infrastructure distributed throughout the cluster. Dubai International Airport is approximately 15 to 20 minutes by road in off-peak conditions.

RISKS AND WATCHPOINTS

Churchill Tower 1 faces competition from Churchill Tower 2 within the same address cluster, meaning occupiers can readily compare between the two buildings on leasing terms and vacancy. Business Bay broadly faces the characteristic risks of a large and competitive commercial district: sustained new supply delivery applies pressure on older stock, and the wide range of building specifications means occupiers have significant choice within the submarket. Buyers and occupiers should confirm service charge levels, verify individual unit condition, and assess the owners' association's governance and financial position before committing to any lease or acquisition in Business Bay. Prospective occupiers should confirm service charge levels and individual unit condition before committing to a lease, and investors should verify the owners' association's reserve fund position. Business Bay's central Dubai location, Metro connectivity, and proximity to Downtown Dubai provide structural occupier demand advantages that support consistent leasing activity across the submarket's commercial strata segment.

STRATEGIC PERSPECTIVE

Churchill Tower 1 is a mid-market tier Business Bay commercial option suited to occupiers and investors targeting the district's established central Dubai position at mid-market pricing. The Business Bay district's Metro connectivity, proximity to Downtown Dubai, and well-established business community infrastructure make it a compelling commercial address across multiple occupier profiles. Churchill Tower 1 is a reliable mid-market Business Bay strata option. The Churchill Properties brand provides a degree of market identity, and the dual-tower format with Tower 2 creates a campus-like address environment that is a modest differentiator within the Business Bay strata market. Service charges, building condition, and individual unit inspection are the standard due diligence requirements before committing to any lease or acquisition.