SOL BAY

OVERVIEW

SOL Bay is a completed commercial office development by SOL Properties in Business Bay, Dubai, available for immediate occupation and purchase. The project delivers office units on the first and second podium levels of a mixed-use building, with residential apartments occupying the upper floors. Office units range from approximately 1,186 to 2,430 square feet, accessed via a dedicated commercial lobby providing a discrete arrival experience for business occupiers. SOL Properties has a track record spanning over 40 years in Dubai real estate. The project is listed at AED 2,600 per square foot — a cost-competitive entry into the Business Bay commercial market, which continues to experience structural undersupply of quality office space across all specification grades.

OFFICE STOCK AND TENANT PROFILE

SOL Bay provides commercial office units across podium levels 1 and 2, with unit sizes from approximately 1,186 to 2,430 square feet suited to small and mid-size owner-occupiers and investors seeking Business Bay commercial exposure at entry-level ticket sizes. A dedicated commercial lobby provides separate access for office occupiers. Rooftop amenities and 24/7 security serve the building. The podium office format differs from the pure commercial tower product that dominates this collection; the building's predominantly residential character above the podium should be evaluated by occupiers with specific branding or institutional image requirements. The limited unit count across two podium floors creates a small, manageable occupier community within the Business Bay submarket.

RENTAL MARKET

SOL Bay's completed status and immediate availability support a straightforward rental market assessment. For comparable podium-level office units in Business Bay at this specification, asking rents typically range from approximately AED 140 to AED 210 per square foot per annum depending on fit-out condition, unit size, and lease term. At the offered capital value of AED 2,600 per square foot, this implies indicative gross yields of approximately 5.4% to 8.1%, before service charges and void costs. The Business Bay submarket continues to experience strong occupier demand, particularly for cost-competitive options in a district where Grade A supply remains structurally constrained relative to the breadth of incoming occupier interest.

SALES MARKET

SOL Bay units are available for purchase at AED 2,600 per square foot on a cash basis with completion expected within 90 days of agreement. Units are individually titled strata assets providing freehold ownership and transactability on the open market. The completed and titled status of the units eliminates off-plan delivery risk, providing certainty of acquisition that is absent from the majority of new Business Bay commercial product. Prospective purchasers should review service charge obligations, the building's strata management structure, and the distinction between commercial podium and residential tower ownership before proceeding. Specialist commercial property advice is recommended to assess value at the offered price point.

LOCATION AND ACCESS

SOL Bay benefits from a Business Bay location with road access via Sheikh Zayed Road and Al Khail Road providing connectivity to central Dubai, DIFC, and the wider emirate. Business Bay Metro Station on the Red Line is within the broader district, supporting staff commuting. Downtown Dubai and the Burj Khalifa complex are approximately five minutes by road; DIFC is approximately seven minutes. The Dubai Canal Promenade is in the vicinity. Dubai International Airport is accessible within approximately twelve minutes by road. The surrounding Business Bay district provides luxury hotel, retail, and food and beverage amenity. The building offers views of the Burj Khalifa from selected elevations.

RISKS AND WATCHPOINTS

SOL Bay's podium office format — with commercial units restricted to the first two floors of a predominantly residential mixed-use tower — may limit its appeal to occupiers or investors seeking a pure commercial building environment, institutional-grade specification, or a building with a critical mass of commercial occupiers. Purchasers should benchmark the AED 2,600 per square foot entry price against comparable completed strata product in Business Bay to assess relative value. Service charge structures in mixed-use buildings can differ from those in dedicated commercial towers, and purchasers should review the service charge history and apportionment methodology before committing. Car parking provision and overall commercial occupier mix should be confirmed.

STRATEGIC PERSPECTIVE

SOL Bay provides a cost-competitive entry into Business Bay freehold commercial ownership, suited to small business owner-occupiers seeking an established Business Bay address, yield-focused investors targeting Business Bay rental income, or purchasers for whom combined residential and commercial amenity within a single building is operationally advantageous. The completed and titled status eliminates the off-plan delivery risk present in the majority of new Business Bay commercial product. Business Bay's structural undersupply of commercial space broadly supports rental demand, though the podium format and mixed-use character will attract a specific occupier subset rather than the full corporate market. The AED 2,600 per square foot price point reflects these characteristics and positions SOL Bay as an accessible, lower-risk alternative to off-plan acquisitions.