XL Tower is a commercial office building in Business Bay, Dubai, providing freehold commercial office accommodation (individual units sold to separate owners) within the district's established central business cluster. The building serves the broad mid-market commercial occupier base of Business Bay — professional services, financial services, technology, and regional corporate offices — drawn to the central Dubai location, Business Bay Metro Station connectivity, and the practical business environment of the Dubai Creek extension commercial cluster. The freehold ownership structure allows individual units to be purchased or leased, making XL Tower accessible to both individual investors and owner-occupier businesses targeting the Business Bay freehold commercial market.
Business Bay · Office
XL Tower
25-storey freehold office tower by DAMAC on Marasi Drive with canal frontage, completed 2011.
- Ownership
- Freehold
Commercial Building
Overview
Office stock
XL Tower provides freehold commercial office units across its floors, serving the SME and professional services occupier profile that drives demand in Business Bay's mid-market freehold commercial segment. The occupier base is consistent with the broader Business Bay commercial mix: financial services, professional services, technology, real estate, and regional corporate offices drawn to the central Dubai address and Metro connectivity. The freehold structure supports a mix of owner-occupier and investor demand, with the Business Bay address providing a recognised central Dubai commercial presence at competitive pricing relative to DIFC and Downtown Dubai Grade A alternatives.
Rental rates
XL Tower is positioned within the mid-market tier of the Business Bay freehold leasing segment, with rental rates competitive with comparable freehold commercial products across the district. Business Bay's wide pricing spectrum and sustained occupier demand underpin consistent leasing activity at this tier. Standard freehold lease terms of one to three years apply in Business Bay, with the central Dubai positioning and Metro Station access supporting occupier retention. The district's broad pricing range positions XL Tower within the mid-market band accessible to a wide range of business profiles across the district.
Sales prices
XL Tower freehold units are available for purchase through the secondary market, with demand from individual investors and owner-occupiers attracted by the Business Bay address and mid-market entry pricing. Business Bay's secondary market is active and liquid. Gross yields are consistent with the mid-market Business Bay freehold benchmark. Buyers should confirm current service charge levels, the owners' association's reserve fund position, and individual unit condition before committing to any acquisition. Business Bay's consistent occupier demand provides stable income support for freehold investors through different phases of the market cycle.
Dubai Land Department register
Registered sales
Register extract · registered sales to 13 Oct 2026
- Recorded sales
- 283register extract, to 13 Oct 2026
- Recorded span
- 2009 – 2026
- AED / sq ft
- 1,281median, 271 unit sales to 13 Oct 2026
| 13 Oct 2026 | Office | 1,101 | 1,850,000 | 1,680 |
| 25 Sept 2026 | Office | 1,101 | 1,900,000 | 1,726 |
| 18 Aug 2026 | Office | 971 | 1,165,212 | 1,200 |
| 18 Aug 2026 | Office | 963 | 1,155,660 | 1,200 |
| 22 Jul 2026 | Shop | 290 | 1,100,000 | 3,793 |
| 20 Feb 2026 | Office | 850 | 1,400,000 | 1,647 |
| 19 Feb 2026 | Office | 941 | 1,975,000 | 2,099 |
| 18 Dec 2025 | Office | 850 | 1,450,000 | 1,706 |
| 8 Oct 2025 | Office | 971 | 1,771,000 | 1,824 |
| 7 Oct 2025 | Office | 941 | 1,717,000 | 1,825 |
Showing 10 of 10 records held — the register extract published with this page.
These figures are registered per square metre — the unit the source data is recorded in, and the unit the basis line above describes. Shown here per square foot, divided by 10.7639, the exact number of square feet in a square metre. Nothing is estimated or re-measured — switch back to m² to read each figure exactly as registered.
The Dubai Land Department publishes rental contracts at project/tower level — there are no unit numbers in the register, so these figures describe the tower, not any specific unit.
Location and access
XL Tower 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 provide strong vehicle connectivity across Dubai. The Business Bay district's supporting retail, F&B, and hospitality infrastructure is established along the Dubai Creek extension waterfront. Bus connectivity and ride-hailing services supplement Metro access throughout Business Bay. Dubai International Airport is approximately 15 to 20 minutes by road in off-peak traffic conditions.
Risks
XL Tower faces the characteristic risks of Business Bay freehold commercial stock: sustained new commercial supply delivery applies ongoing competitive pressure on mid-market freehold buildings, and the owners' association governance structure across multiple individual unit owners introduces management complexity. Building condition and service charge levels should be confirmed before any lease commitment. Investors should verify the owners' association's financial position and reserve fund before acquiring any unit. Business Bay's pace of commercial development requires mid-market freehold buildings to maintain competitive pricing and building condition to retain occupiers 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 freehold investment.
Perspective
XL Tower is a mid-market Business Bay freehold commercial option suited to the broad range of occupiers drawn to the district's central Dubai positioning and Metro connectivity. Business Bay's scale, occupier diversity, and established business community infrastructure make it one of Dubai's most practical central commercial addresses across a wide range of business profiles. For investors, XL Tower provides yield-focused exposure to Business Bay's established freehold commercial market at accessible entry pricing. Service charges, building condition, and individual unit inspection 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 freehold investment performance across market cycles.
Location
XL Tower — Business Bay, Dubai
