Palm JumeirahAED 3,634/sqftDubai Maritime CityAED 3,127/sqftDowntown DubaiAED 2,920/sqftDubai IslandsAED 2,749/sqftDubai Creek HarbourAED 2,566/sqftBusiness BayAED 2,565/sqftDubai MarinaAED 2,503/sqftDubai Hills EstateAED 2,434/sqftJumeirah Lakes TowersAED 2,272/sqftMohammed Bin Rashid CityAED 2,096/sqftAl JaddafAED 2,049/sqftJumeirah Village TriangleAED 1,666/sqftDubai SouthAED 1,645/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,506/sqftDubai Sports CityAED 1,332/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm JumeirahAED 3,634/sqftDubai Maritime CityAED 3,127/sqftDowntown DubaiAED 2,920/sqftDubai IslandsAED 2,749/sqftDubai Creek HarbourAED 2,566/sqftBusiness BayAED 2,565/sqftDubai MarinaAED 2,503/sqftDubai Hills EstateAED 2,434/sqftJumeirah Lakes TowersAED 2,272/sqftMohammed Bin Rashid CityAED 2,096/sqftAl JaddafAED 2,049/sqftJumeirah Village TriangleAED 1,666/sqftDubai SouthAED 1,645/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,506/sqftDubai Sports CityAED 1,332/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO SEP 2026
Ontario Tower

Commercial Building

Ontario Tower

LocationBusiness Bay
OwnershipFreehold

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Commercial Building

OVERVIEW

Ontario Tower is a commercial office building in Business Bay, Dubai, providing strata-titled commercial office accommodation within one of Dubai's most established and active central business districts. The building serves the broad occupier base characteristic of Business Bay's mid-market strata segment — professional services firms, financial services operators, technology companies, and regional corporate offices seeking a central Dubai commercial address at competitive pricing. The freehold ownership structure allows individual units to be purchased or leased, making Ontario Tower accessible to both owner-occupiers and individual investors targeting the Business Bay commercial strata market.

OFFICE STOCK AND TENANT PROFILE

Ontario Tower provides strata-titled commercial office units across its floors, accommodating the diverse occupier profile that drives demand in Business Bay's commercial strata market. Unit configurations serve SMEs, professional services practices, technology businesses, and regional corporate offices that form the core of the Business Bay occupier community. The strata structure supports a mix of owner-occupier and investor demand, with the Business Bay address providing a recognised central Dubai commercial presence that underpins consistent leasing activity across the district's broad occupier base and through different phases of the real estate cycle.

RENTAL MARKET

Ontario Tower is positioned within the mid-market tier of the Business Bay strata leasing segment. Business Bay offers a broad pricing range from accessible strata products through to premium Grade A institutional towers, and Ontario Tower competes within the mid-market band alongside comparable strata commercial buildings in the cluster. The Business Bay Metro Station proximity and central Dubai location underpin consistent occupier demand from businesses prioritising connectivity and address value at competitive pricing relative to DIFC and Downtown Dubai Grade A alternatives. Standard lease terms of one to three years apply across the Business Bay strata commercial segment.

SALES MARKET

Ontario Tower strata units are available for purchase through the secondary market, with demand from individual investors and owner-occupiers attracted by the Business Bay address and accessible capital entry pricing. Business Bay's secondary market is active and liquid relative to smaller commercial districts, supported by the depth and diversity of the occupier base. Gross yields are consistent with the mid-market Business Bay strata benchmark. Buyers should confirm current service charge levels, the owners' association's reserve fund position, and individual unit condition before committing to any acquisition.

LOCATION AND ACCESS

Ontario Tower is located in Business Bay, with the Business Bay Metro Station (Red Line) providing direct public transport connectivity to Downtown Dubai, DIFC, Dubai Marina, and the broader metropolitan network. Sheikh Zayed Road (E11) and Al Khail Road provide strong vehicle connectivity across the city. The Business Bay district provides an established business amenity environment — retail, hospitality, F&B, and hotel infrastructure — distributed along the Dubai Creek extension waterfront. Bus connectivity and ride-hailing services supplement Metro access throughout the district. Dubai International Airport is approximately 15 to 20 minutes by road in off-peak conditions.

RISKS AND WATCHPOINTS

Ontario Tower faces the characteristic risks of Business Bay strata commercial stock: sustained new commercial supply delivery in one of Dubai's most active development markets applies ongoing competitive pressure on mid-market strata buildings. The strata governance structure across multiple individual unit owners introduces management complexity that affects maintenance consistency and service charge stability. Occupiers should confirm individual unit condition before committing to a lease, and investors should verify service charge levels and the owners' association's financial health and reserve fund position before acquiring any unit. Business Bay's pace of new supply means maintaining competitive pricing is critical for occupier retention at renewal. Prospective occupiers should request the owners' association's most recent financial statements and service charge schedule before signing any lease, and should conduct a physical inspection of the specific unit they intend to occupy to assess fit-out condition and any outstanding maintenance. Investors should model service charge levels into net yield calculations and assess the building's capital expenditure reserve position before acquiring any unit. Business Bay's sustained demand from regionally active businesses makes it one of Dubai's most resilient commercial districts for strata investment.

STRATEGIC PERSPECTIVE

Ontario Tower is a mid-market Business Bay strata commercial option suited to the broad range of SME and professional services occupiers attracted to the district's central Dubai positioning and Metro connectivity. Business Bay's scale, occupier diversity, and established business amenity infrastructure make it one of Dubai's most practical central commercial addresses across a wide range of business profiles. For investors, Ontario Tower delivers yield-focused exposure to Business Bay's active commercial strata segment at accessible entry pricing. Service charges, building maintenance, and individual unit condition are the standard due diligence requirements before committing to any lease or acquisition in this building. Confirm service charges, verify individual unit condition, and assess the owners' association's governance and reserve fund before committing to any lease or acquisition. Business Bay's central Dubai positioning, Business Bay Metro Station connectivity, and established occupier community infrastructure provide the structural demand advantages that support consistent strata investment performance across market cycles.

Dubai Land Department register

DLD Market Record

Register extract · registered sales to 3 Sept 2026

Show sizes and rates in
Recorded sales
220register extract, to 3 Sept 2026
Recorded span
2009 – 2026
AED / sq ft
1,296median, all recorded sales to 3 Sept 2026
Registered DLD sales for this building, sortable by any column.
3 Sept 2026Flat9821,100,0001,120
1 Sept 2026Office1,2801,700,0001,328
17 Aug 2026Flat9821,203,9721,226
10 Aug 2026Office1,5722,600,0001,654
10 Aug 2026Office1,7652,467,8471,398
18 Jul 2026Flat8021,050,0001,309
16 Jun 2026Flat8021,012,6921,263
12 Jun 2026Flat802880,0001,097
22 May 2026Flat7961,047,2281,316
12 May 2026Flat7911,048,7921,326

Showing 10 of 10 records held — the register extract published with this page.

Location

Ontario TowerBusiness Bay, Dubai

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