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Ready building · IAH Project

Park Lane Tower, Business Bay

Highlights

Park Lane Tower at a glance

About Park Lane Tower

Park Lane Tower is a mixed-use building in Business Bay, Dubai, developed by IAH Project. It holds about 604 units: studios, commercial units. Depending on the unit, windows look out over Community.

The building was completed in 2016 and has been in use for about 10 years. 32 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,196 per sq ft.

Park Lane Tower is one of 257 buildings in Business Bay: 149 are complete and 61 are still being built.

In a nutshell

  • A mixed-use ready building
  • Located in Business Bay, Dubai
  • Developed by IAH Project
  • Completed in Q3 2016
  • Unit types: Studio, Commercial
  • Sizes from 220 to 8,840 sq ft
  • Views: Community View
  • Service charge from AED 6.06 per sq ft
  • Business Bay metro station 0.7 km away
Статус
Готово
Девелопер
IAH Project
Местоположение
Business Bay, Дубай
Завершено
Q3 2016
Типы объектов
Studio, Commercial
Prices from
AED 251.0K
Медианная цена за sq ft
AED 1,196
Сервисный сбор
AED 20.51 per sq ft (2026)
Nearest metro
Business Bay Interchange, 0.7 km

Building details

Inside Park Lane Tower

Properties in Park Lane Tower

Studios in Park Lane Tower

There are about 208 of these in Park Lane Tower, from 290 to 750 sq ft. They have recently sold for a median of AED 353.0K, or AED 1,190 per sq ft.

Commercial units in Park Lane Tower

There are about 396 of these in Park Lane Tower, from 220 to 8,840 sq ft. They have recently sold for a median of AED 1.0M, or AED 2,030 per sq ft. Owners who resold made a median 7% over what they paid.

Unit types in Park Lane Tower with sizes, median prices and rents
Тип объектаОбъектыПлощадьМедианная ценаMedian rent
Студия208290 sqft26.9 sqmt – 750 sqft69.7 sqmtAED 353K–
Коммерческая недвижимость396220 sqft20.4 sqmt – 8,840 sqft821.3 sqmtAED 1M–

Recent transactions in Park Lane Tower

  • Park Lane Tower

    Бизнес-Бей

    AED 520K

    AED 1,620 /sqftAED 17,438 /sqmt

    ГотовоКвартира
    321 sqft29.8 sqmtСтудияВладелец5 Feb 2026
  • Park Lane Tower

    Бизнес-Бей

    AED 375K

    AED 1,246 /sqftAED 13,412 /sqmt

    ГотовоКвартира
    301 sqft28 sqmtСтудияВладелец18 Dec 2025
  • Park Lane Tower

    Бизнес-Бей

    AED 330K

    AED 1,126 /sqftAED 12,120 /sqmt

    ГотовоКвартира
    293 sqft27.2 sqmtСтудияВладелец11 Nov 2025
  • Park Lane Tower

    Бизнес-Бей

    AED 330K

    AED 1,107 /sqftAED 11,916 /sqmt

    ГотовоКвартира
    298 sqft27.7 sqmtСтудияВладелец11 Nov 2025
  • Park Lane Tower

    Бизнес-Бей

    AED 855K

    AED 1,146 /sqftAED 12,335 /sqmt

    ГотовоКвартира
    746 sqft69.3 sqmtСтудияДевелопер28 Aug 2025
  • Park Lane Tower

    Бизнес-Бей

    AED 186.9K

    AED 621 /sqftAED 6,684 /sqmt

    ГотовоКвартира
    301 sqft28 sqmtСтудияДевелопер12 Mar 2025
  • Park Lane Tower

    Бизнес-Бей

    AED 226K

    AED 621 /sqftAED 6,684 /sqmt

    ГотовоКвартира
    364 sqft33.8 sqmtСтудияДевелопер11 Mar 2025
  • Park Lane Tower

    Бизнес-Бей

    AED 211.2K

    AED 619 /sqftAED 6,663 /sqmt

    ГотовоКвартира
    341 sqft31.7 sqmtСтудияДевелопер11 Mar 2025
  • Park Lane Tower

    Бизнес-Бей

    AED 199.3K

    AED 621 /sqftAED 6,684 /sqmt

    ГотовоКвартира
    321 sqft29.8 sqmtСтудияДевелопер11 Mar 2025
  • Park Lane Tower

    Бизнес-Бей

    AED 199.8K

    AED 621 /sqftAED 6,684 /sqmt

    ГотовоКвартира
    322 sqft29.9 sqmtСтудияДевелопер11 Mar 2025
  • Park Lane Tower

    Бизнес-Бей

    AED 192.8K

    AED 620 /sqftAED 6,674 /sqmt

    ГотовоКвартира
    311 sqft28.9 sqmtСтудияДевелопер10 Mar 2025
  • Park Lane Tower

    Бизнес-Бей

    AED 608.8K

    AED 1,696 /sqftAED 18,256 /sqmt

    ГотовоКвартира
    359 sqft33.4 sqmtСтудияВладелец1 Jul 2024
  • Park Lane Tower

    Бизнес-Бей

    AED 1.3M

    AED 3,894 /sqftAED 41,915 /sqmt

    ГотовоКвартира
    321 sqft29.8 sqmtСтудияВладелец20 May 2024
  • Park Lane Tower

    Бизнес-Бей

    AED 610.7K

    AED 1,976 /sqftAED 21,269 /sqmt

    ГотовоКвартира
    309 sqft28.7 sqmtСтудияВладелец23 Nov 2023
  • Park Lane Tower

    Бизнес-Бей

    AED 586.8K

    AED 1,828 /sqftAED 19,676 /sqmt

    ГотовоКвартира
    321 sqft29.8 sqmtСтудияВладелец22 Nov 2023
  • Park Lane Tower

    Бизнес-Бей

    AED 690.3K

    AED 2,356 /sqftAED 25,360 /sqmt

    ГотовоКвартира
    293 sqft27.2 sqmtСтудияВладелец22 Aug 2023
  • Park Lane Tower

    Бизнес-Бей

    AED 702.2K

    AED 2,356 /sqftAED 25,360 /sqmt

    ГотовоКвартира
    298 sqft27.7 sqmtСтудияВладелец22 Aug 2023
  • Park Lane Tower

    Бизнес-Бей

    AED 500K

    AED 1,558 /sqftAED 16,770 /sqmt

    ГотовоКвартира
    321 sqft29.8 sqmtСтудияВладелец2 Aug 2023
  • Park Lane Tower

    Бизнес-Бей

    AED 500K

    AED 1,323 /sqftAED 14,241 /sqmt

    ГотовоКвартира
    378 sqft35.1 sqmtСтудияВладелец25 Jul 2023
  • Park Lane Tower

    Бизнес-Бей

    AED 301.8K

    AED 999 /sqftAED 10,753 /sqmt

    ГотовоКвартира
    302 sqft28.1 sqmtСтудияВладелец18 Apr 2023

Every sale in Park Lane TowerEvery rent contract in Park Lane Tower

Service charges in Park Lane Tower

The 2026 service charge in Park Lane Tower is AED 20.51 per sq ft for commercial units, AED 17.32 per sq ft for mixed, AED 20.51 per sq ft for offices, AED 6.06 per sq ft for shops. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department. Each parking space adds about AED 902 a year.

Service charges in Park Lane Tower
Тип объектаRate per sq ftПлощадьYearly charge
Коммерческая недвижимость (2026)AED 20.51220 sqft20.4 sqmt – 8,840 sqft821.3 sqmtAED 4,512 – AED 181,308
Офисы (2026)AED 20.51220 sqft20.4 sqmt – 8,840 sqft821.3 sqmtAED 4,512 – AED 181,308
Торговая недвижимость (2026)AED 6.06220 sqft20.4 sqmt – 8,840 sqft821.3 sqmtAED 1,333 – AED 53,570

Source: Dubai Land Department service charge index. Rates are reviewed each year.

Nearby amenities

Around Park Lane Tower

Transportation near Park Lane Tower

The nearest Dubai Metro station from Park Lane Tower is Business Bay (red line, 0.7 km, about 8 min walk), then Burj Khalifa/Dubai Mall (red line, 1.9 km, about 6 min drive). Stations planned on new lines nearby include Business Bay Interchange (golden line, 0.7 km, about 8 min walk) and Burj Khalifa Road (golden line, 1 km, about 12 min walk).

  • Business Bay InterchangeGolden line · 0.7 km · about 8 min walk
  • Бизнес-БейRed line · 0.7 km · about 8 min walk
  • Burj Khalifa RoadGolden line · 1 km · about 12 min walk
  • Burj Khalifa/Dubai MallRed line · 1.9 km · about 6 min drive
  • District 1 near High Speed Rail lineGolden line · 2.3 km · about 7 min drive
  • City WalkGolden line · 2.5 km · about 7 min drive

Shopping and groceries near Park Lane Tower

The closest is Spinneys/ Ontario Tower, 0.1 km from Park Lane Tower (about 2 min walk).

  • Spinneys/ Ontario TowerSupermarket · 0.1 km · about 2 min walk
  • Spinneys / The Executive TowersSupermarket · 0.5 km · about 6 min walk
  • Bay AvenueShopping Mall · 0.7 km · about 8 min walk
  • Choitram, The Executive TowersSupermarket · 1 km · about 12 min walk
  • Al Maya / 8 Boulevard Walk, Downtown DubaiSupermarket · 1.1 km · about 13 min walk

Restaurants and hotels near Park Lane Tower

The closest is Oberoi Hotel, 0.2 km from Park Lane Tower (about 2 min walk).

  • Oberoi HotelHotel · 0.2 km · about 2 min walk
  • JW Marriott Marquis Business BayHotel · 0.5 km · about 6 min walk
  • Maward RestaurantRestaurant · 1 km · about 12 min walk
  • Vida Hotels and ResortsHotel · 1.4 km · about 5 min drive
  • Qamardeen HotelHotel · 1.5 km · about 5 min drive

Hospitals and clinics near Park Lane Tower

The closest is Medcare Hospital, 1.9 km from Park Lane Tower (about 6 min drive).

  • Medcare HospitalHospital · 1.9 km · about 6 min drive
  • Al Amal HospitalHospital · 2.1 km · about 6 min drive
  • Emirates HospitalHospital · 2.8 km · about 8 min drive
  • Internationl Medical CenterHospital · 3.1 km · about 8 min drive
  • Neuro Spinal hospitalHospital · 3.5 km · about 9 min drive

Parks and leisure near Park Lane Tower

The closest is Dubai Bowling Centre, 1.3 km from Park Lane Tower (about 5 min drive).

  • Dubai Bowling CentreSports Academy · 1.3 km · about 5 min drive
  • Safa ParkPark · 1.6 km · about 5 min drive
  • Al Quoz Pond ParkPark · 2.4 km · about 7 min drive
  • Jumeirah Beach ParkPark · 3 km · about 8 min drive
  • Falcon Heritage and Sports CentreSports Academy · 4.7 km · about 11 min drive

Schools near Park Lane Tower

The nearest is Japanese School, 1.1 km away. Ratings are the KHDA's latest inspection grades.

  • Japanese SchoolJapanese · KHDA: Good · 1.1 km
  • JSS Private School L.L.CIndian · KHDA: Very good · 1.2 km
  • Horizons English School L.L.CUK · KHDA: Outstanding · 1.3 km
  • Iranian Towheed Boys SchoolIranian - International Baccalaureate · KHDA: Good · 1.4 km
  • Global Indian International School L.L.CIndian · KHDA: Good · 1.4 km
  • Dubai British School MiraUK · KHDA: Not inspected yet · 1.4 km

Other buildings in Business Bay

Business Bay has 257 buildings. A few others to compare Park Lane Tower with:

  • 014 Tower, Business BayГотово

    014 Tower

    Business Bay · H&H

    Completed 2012

  • 77S, Business BayНедвижимость на стадии строительства

    77S

    Business Bay · 77 Shades of Green

    Handover 31 Dec 2028 · 14% built

  • AG Tower, Business BayГотово

    AG Tower

    Business Bay · Arabian Gulf

    Completed 2021

Things to consider about Park Lane Tower

In its favour

  • Business Bay metro station is within walking distance.
  • An active resale market: 32 sales in the last year make it easier to price and to sell.
  • Owners who resold have made money: a median gain of up to 7%.
  • Ready to move into or let, with no construction risk.
  • Several schools within 3 km.

Worth checking

  • Service charges of up to AED 20.51 per sq ft are on the higher side for Dubai.

Specialists

Brokers who know Park Lane Tower

These brokers handle sales and lettings in Park Lane Tower and can tell you what is available now.

Часто задаваемые вопросы

Park Lane Tower: questions answered

Park Lane Tower was developed by IAH Project in Business Bay.

Park Lane Tower is completed in Q3 2016.

Across its 20 most recent registered sales, Park Lane Tower sold for a median of AED 1,196 per sq ft and AED 437.5K per unit.

The 2026 service charge for residential units in Park Lane Tower is AED 20.51 per sq ft a year, as registered with the Dubai Land Department.

Park Lane Tower has Studio (290 to 750 sq ft), Commercial (220 to 8,840 sq ft).

Business Bay Interchange is about 0.7 km from Park Lane Tower.

The nearest schools include Japanese School (1.1 km), JSS Private School L.L.C (1.2 km), Horizons English School L.L.C (1.3 km).

Buying, selling or renting in Park Lane Tower?

A broker who works Business Bay will tell you what is available and what comparable homes went for.

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