ReadyOff-plan building · Al Shafar
Al Shafar Residential Tower, Business Bay
Highlights
Al Shafar Residential Tower at a glance
About Al Shafar Residential Tower
Al Shafar Residential Tower is a mixed-use building in Business Bay, Dubai, developed by Al Shafar. It holds about 273 units: 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments, commercial units.
Few units have changed hands recently, so prices here are set by a small number of sales.
Al Shafar Residential Tower is one of 257 buildings in Business Bay: 149 are complete and 61 are still being built.
In a nutshell
- A mixed-use off-plan building
- Located in Business Bay, Dubai
- Developed by Al Shafar
- Unit types: 1 Bed, 2 Beds, 3 Beds, Commercial
- Sizes from 730 to 3,970 sq ft
- Burj Khalifa/Dubai Mall metro station 2.3 km away
- Status
- Off-plan
- Developer
- Al Shafar
- Location
- Business Bay, Dubai
- Unit types
- 1 Bed, 2 Beds, 3 Beds, Commercial
- Nearest metro
- Burj Khalifa Road, 2 km
Building details
Inside Al Shafar Residential Tower
Properties in Al Shafar Residential Tower
1-bedroom apartments in Al Shafar Residential Tower
There are about 149 of these in Al Shafar Residential Tower, from 830 to 1,090 sq ft. None has sold recently enough to quote a price.
2-bedroom apartments in Al Shafar Residential Tower
There are about 99 of these in Al Shafar Residential Tower, from 1,740 to 1,910 sq ft. None has sold recently enough to quote a price.
3-bedroom apartments in Al Shafar Residential Tower
There are about 12 of these in Al Shafar Residential Tower, from 2,480 to 3,470 sq ft. None has sold recently enough to quote a price.
Commercial units in Al Shafar Residential Tower
There are about 13 of these in Al Shafar Residential Tower, from 730 to 3,970 sq ft. None has sold recently enough to quote a price.
| Unit type | Units | Size | Median price | Median rent |
|---|---|---|---|---|
| 1 Bed | 149 | 830 sqft77.1 sqmt – 1,090 sqft101.3 sqmt | No recent sales | AED 69.7K |
| 2 Beds | 99 | 1,740 sqft161.7 sqmt – 1,910 sqft177.4 sqmt | No recent sales | AED 111.7K |
| 3 Beds | 12 | 2,480 sqft230.4 sqmt – 3,470 sqft322.4 sqmt | No recent sales | AED 166.4K |
| Commercial | 13 | 730 sqft67.8 sqmt – 3,970 sqft368.8 sqmt | No recent sales | – |
Rental trends in Al Shafar Residential Tower
1-bedroom homes in Al Shafar Residential Tower were let for AED 62.5K to AED 75.0K a year across 8 recent contracts, with a median of AED 69.7K.
Yearly rents from recent registered contracts, by unit type:
- 1-bedroom apartments: AED 62.5K to AED 75.0K a year (932 to 1,090 sq ft), across 8 contracts
- 2-bedroom apartments: AED 106.5K to AED 120.0K a year (1,879 to 1,909 sq ft), across 8 contracts
- 3-bedroom apartments: AED 152.8K to AED 180.0K a year (2,484 to 3,174 sq ft), across 2 contracts
Recent transactions in Al Shafar Residential Tower
| LocationContract and unit | Annual rentAED a year | SpecsSize and bedrooms | Contract dateStart – End |
|---|---|---|---|
| Al Shafar Residential Tower, Business BayApartmentNew contract | AED 70,000 | 1,090 sqft101.3 sqmt1 Bed | to |
| Al Shafar Residential Tower, Business BayApartmentNew contract | AED 120,000 | 1,909 sqft177.4 sqmt2 Beds | to |
| Al Shafar Residential Tower, Business BayApartmentRenewal | AED 106,480 | 1,909 sqft177.4 sqmt2 Beds | to |
| Al Shafar Residential Tower, Business BayApartmentRenewal | AED 67,500 | 1,879 sqft174.6 sqmt2 Beds | to |
| Al Shafar Residential Tower, Business BayApartmentRenewal | AED 152,807 | 2,484 sqft230.8 sqmt3 Beds | to |
| Al Shafar Residential Tower, Business BayApartmentRenewal | AED 69,431 | 1,090 sqft101.3 sqmt1 Bed | to |
| Al Shafar Residential Tower, Business BayApartmentRenewal | AED 115,500 | 1,879 sqft174.6 sqmt2 Beds | to |
| Al Shafar Residential Tower, Business BayApartmentRenewal | AED 34,716 | 1,090 sqft101.3 sqmt1 Bed | to |
| Al Shafar Residential Tower, Business BayApartmentRenewal | AED 180,000 | 3,174 sqft294.9 sqmt3 Beds | to |
| Al Shafar Residential Tower, Business BayApartmentRenewal | AED 75,000 | 1,090 sqft101.3 sqmt1 Bed | to |
| Al Shafar Residential Tower, Business BayApartmentNew contract | AED 75,000 | 1,090 sqft101.3 sqmt1 Bed | to |
| Al Shafar Residential Tower, Business BayApartmentRenewal | AED 69,431 | 1,090 sqft101.3 sqmt1 Bed | to |
| Al Shafar Residential Tower, Business BayApartmentRenewal | AED 106,480 | 1,909 sqft177.4 sqmt2 Beds | to |
| Al Shafar Residential Tower, Business BayApartmentRenewal | AED 106,722 | 1,909 sqft177.4 sqmt2 Beds | to |
| Al Shafar Residential Tower, Business BayApartmentRenewal | AED 62,500 | 932 sqft86.6 sqmt1 Bed | to |
| Al Shafar Residential Tower, Business BayApartmentNew contract | AED 70,000 | 1,090 sqft101.3 sqmt1 Bed | to |
| Al Shafar Residential Tower, Business BayApartmentNew contract | AED 120,000 | 1,879 sqft174.6 sqmt2 Beds | to |
| Al Shafar Residential Tower, Business BayApartmentRenewal | AED 107,935 | 1,879 sqft174.6 sqmt2 Beds | to |
| Al Shafar Residential Tower, Business BayApartmentRenewal | AED 69,431 | 1,090 sqft101.3 sqmt1 Bed | to |
| Al Shafar Residential Tower, Business BayApartmentNew contract | AED 120,000 | 1,909 sqft177.4 sqmt2 Beds | to |
Al Shafar Residential Tower
Business Bay
AED 70K/yr
ApartmentNew contract1,090 sqft101.3 sqmt1 BedtoAl Shafar Residential Tower
Business Bay
AED 120K/yr
ApartmentNew contract1,909 sqft177.4 sqmt2 BedstoAl Shafar Residential Tower
Business Bay
AED 106.5K/yr
ApartmentRenewal1,909 sqft177.4 sqmt2 BedstoAl Shafar Residential Tower
Business Bay
AED 67.5K/yr
ApartmentRenewal1,879 sqft174.6 sqmt2 BedstoAl Shafar Residential Tower
Business Bay
AED 152.8K/yr
ApartmentRenewal2,484 sqft230.8 sqmt3 BedstoAl Shafar Residential Tower
Business Bay
AED 69.4K/yr
ApartmentRenewal1,090 sqft101.3 sqmt1 BedtoAl Shafar Residential Tower
Business Bay
AED 115.5K/yr
ApartmentRenewal1,879 sqft174.6 sqmt2 BedstoAl Shafar Residential Tower
Business Bay
AED 34.7K/yr
ApartmentRenewal1,090 sqft101.3 sqmt1 BedtoAl Shafar Residential Tower
Business Bay
AED 180K/yr
ApartmentRenewal3,174 sqft294.9 sqmt3 BedstoAl Shafar Residential Tower
Business Bay
AED 75K/yr
ApartmentRenewal1,090 sqft101.3 sqmt1 BedtoAl Shafar Residential Tower
Business Bay
AED 75K/yr
ApartmentNew contract1,090 sqft101.3 sqmt1 BedtoAl Shafar Residential Tower
Business Bay
AED 69.4K/yr
ApartmentRenewal1,090 sqft101.3 sqmt1 BedtoAl Shafar Residential Tower
Business Bay
AED 106.5K/yr
ApartmentRenewal1,909 sqft177.4 sqmt2 BedstoAl Shafar Residential Tower
Business Bay
AED 106.7K/yr
ApartmentRenewal1,909 sqft177.4 sqmt2 BedstoAl Shafar Residential Tower
Business Bay
AED 62.5K/yr
ApartmentRenewal932 sqft86.6 sqmt1 BedtoAl Shafar Residential Tower
Business Bay
AED 70K/yr
ApartmentNew contract1,090 sqft101.3 sqmt1 BedtoAl Shafar Residential Tower
Business Bay
AED 120K/yr
ApartmentNew contract1,879 sqft174.6 sqmt2 BedstoAl Shafar Residential Tower
Business Bay
AED 107.9K/yr
ApartmentRenewal1,879 sqft174.6 sqmt2 BedstoAl Shafar Residential Tower
Business Bay
AED 69.4K/yr
ApartmentRenewal1,090 sqft101.3 sqmt1 BedtoAl Shafar Residential Tower
Business Bay
AED 120K/yr
ApartmentNew contract1,909 sqft177.4 sqmt2 Bedsto
Every sale in Al Shafar Residential TowerEvery rent contract in Al Shafar Residential Tower
Nearby amenities
Around Al Shafar Residential Tower
Transportation near Al Shafar Residential Tower
The nearest Dubai Metro station from Al Shafar Residential Tower is Burj Khalifa/Dubai Mall (red line, 2.3 km, about 7 min drive), then Financial Centre (red line, 2.5 km, about 7 min drive). Stations planned on new lines nearby include Burj Khalifa Road (golden line, 2 km, about 6 min drive) and District 1 near High Speed Rail line (golden line, 2 km, about 6 min drive). Most residents will drive or take a taxi to the metro.
- Burj Khalifa RoadGolden line · 2 km · about 6 min drive
- District 1 near High Speed Rail lineGolden line · 2 km · about 6 min drive
- Burj Khalifa/Dubai MallRed line · 2.3 km · about 7 min drive
- Financial CentreRed line · 2.5 km · about 7 min drive
- Emirates TowersRed line · 2.8 km · about 8 min drive
- Business BayRed line · 3 km · about 8 min drive
Shopping and groceries near Al Shafar Residential Tower
The closest is Dubai Mall, 1.2 km from Al Shafar Residential Tower (about 14 min walk).
- Dubai MallShopping Mall · 1.2 km · about 14 min walk
- Spinneys / south bridge downtowne DubaiSupermarket · 1.5 km · about 5 min drive
- Al Maya / Murooj Rotana, Murooj ComplexSupermarket · 1.7 km · about 5 min drive
- Spinneys / EMAAR Boulevard, Downtown DubaiSupermarket · 1.7 km · about 5 min drive
- Al Maya / 8 Boulevard Walk, Downtown DubaiSupermarket · 2 km · about 6 min drive
Restaurants and hotels near Al Shafar Residential Tower
The closest is Radisson Blu Hotel, Dubai Downtown, 0.1 km from Al Shafar Residential Tower (about 2 min walk).
- Radisson Blu Hotel, Dubai DowntownHotel · 0.1 km · about 2 min walk
- The Address HotelHotel · 1.2 km · about 14 min walk
- Al Manzil HotelHotel · 1.3 km · about 5 min drive
- Vida Hotels and ResortsHotel · 1.6 km · about 5 min drive
- Qamardeen HotelHotel · 1.7 km · about 5 min drive
Hospitals and clinics near Al Shafar Residential Tower
The closest is Al Amal Hospital, 3.4 km from Al Shafar Residential Tower (about 9 min drive).
- Al Amal HospitalHospital · 3.4 km · about 9 min drive
- Iranian HospitalHospital · 4.7 km · about 11 min drive
- Manchester ClinicHospital · 4.8 km · about 12 min drive
- Internationl Medical CenterHospital · 4.9 km · about 12 min drive
- Medcare HospitalHospital · 4.9 km · about 12 min drive
Parks and leisure near Al Shafar Residential Tower
The closest is Al Quoz Pond Park, 3.9 km from Al Shafar Residential Tower (about 10 min drive).
- Al Quoz Pond ParkPark · 3.9 km · about 10 min drive
- Dubai Bowling CentreSports Academy · 4 km · about 10 min drive
- Meydan Grandstand and RacecourseStadium · 4.2 km · about 10 min drive
- Meydan TheatreTheatre House · 4.2 km · about 10 min drive
- Safa ParkPark · 4.5 km · about 11 min drive
Schools near Al Shafar Residential Tower
The nearest is Jebel Ali School (Br of Taaleem Management (L L C)), 1.9 km away. Ratings are the KHDA's latest inspection grades.
- Jebel Ali School (Br of Taaleem Management (L L C))UK · KHDA: Very good · 1.9 km
- Hartland International School - FZUK - International Baccalaureate - UK/IB · KHDA: Very good · 2.4 km
- North London Collegiate School Middle East L.L.C - FZInternational Baccalaureate · KHDA: Very good · 2.4 km
- Japanese SchoolJapanese · KHDA: Good · 3.6 km
- JSS Private School L.L.CIndian · KHDA: Very good · 3.8 km
- Dubai International Private School - BrAmerican · KHDA: Good · 3.8 km
Other buildings in Business Bay
Business Bay has 257 buildings. A few others to compare Al Shafar Residential Tower with:
- Ready
Ready- Ready
ReadyOff-plan
Ready
Things to consider about Al Shafar Residential Tower
In its favour
- Several schools within 3 km.
Worth checking
- Few sales each year, so a resale can take longer and prices move on a handful of deals.
- The nearest running metro station is 2.3 km away, so a car helps.
- Still being built: the handover date can move, and the price is paid in stages before you get the keys.
FAQs
Al Shafar Residential Tower: questions answered
Buying, selling or renting in Al Shafar Residential Tower?
A broker who works Business Bay will tell you what is available and what comparable homes went for.