Altitude 2BR Apartment in Business Bay — Move-In Ready Value

A two-bedroom apartment spanning 123 sqm (1,326 sq ft) in Altitude de GRISOGONO — a well-positioned investment asset on the Dubai Canal waterfront in Business Bay

This 2-bedroom unit in Altitude de GRISOGONO by Damac is built for investors who want more than just a buy-to-hold play. Business Bay consistently ranks among Dubai’s strongest rental markets — driven by proximity to DIFC, Downtown, and a dense corporate ecosystem that keeps occupancy rates high. Buying an off-plan apartment in Dubai at this stage means locking in today’s price with a structured, interest-free payment plan and a clear exit or rental strategy ready for the 2028 handover.

Unit highlights

— two separate bedrooms with dedicated storage;
— fully equipped kitchen, move-in or rent-out ready;
— spacious living and dining area;
— generous ceiling heights and glazing typical of a 38-floor tower;
— a prime position within one of Business Bay’s most distinctive branded developments.

Altitude de GRISOGONO — amenities

— UFO Spa and Relaxation Pods — a genuinely unusual wellness concept;
— infinity pool;
— indoor gym and outdoor fitness area;
— aqua training equipment;
— running tracks and tennis courts;
— basketball court;
— landscaped garden;
— children’s play areas;
— medical centre;
— observation deck;
— podium-level restaurants and retail.

Architecture and concept

Altitude de GRISOGONO is a 38-storey collaboration between Damac Properties and Swiss jewellery house de GRISOGONO — a pairing that shapes the character of the communal spaces as much as the architecture. The result is a building that stands apart in Business Bay’s skyline through distinctive design details rather than scale alone.

About the developer

Damac Properties is one of the largest luxury residential developers across the MENA region, with a track record spanning hundreds of thousands of square metres of delivered homes in the UAE and internationally. The company is known for high-profile branded partnerships that add both design credibility and market recognition.

Payment plan

Interest-free 20/50/30 schedule:
— 20% — down payment at booking;
— 3% — 1% per month in months 3, 4 and 5 after booking;
— 4% — month 6 after booking;
— 11% — 1% per month from month 7 through month 17;
— 4% — month 18 after booking;
— 10% — 1% per month from month 19 through month 28;
— 3% — month 29 after booking;
— 30% — on completion.
Handover — 2028.

Location — Business Bay

— 5 minutes to Downtown Dubai and Dubai Mall;
— 7 minutes to Burj Khalifa;
— 10 minutes to DIFC;
— 20 minutes to Dubai International Airport;
— walking distance to the Dubai Canal promenade.

FAQ

Why is Business Bay particularly strong for rental yield?
— The district combines high-density office space with established residential infrastructure. Corporate tenants and DIFC professionals ensure consistent demand for 2-bedroom apartments year-round.

What is the advantage of buying off-plan at this stage?
— Price is fixed at the point of booking. By 2028 handover, ready-unit prices in Business Bay have historically exceeded off-plan entry levels — creating a capital appreciation opportunity alongside rental income.

How does the payment plan work in practice?
— The schedule is interest-free: 20% upfront, then monthly instalments during construction totalling 50%, and 30% due at handover. The total price is AED 3,297,000 (approx. USD 903,288).

Is a 2-bedroom format suitable for short-term rental in this location?
— Yes. Two separate bedrooms, a fully equipped kitchen, and a high-amenity building make this apartment competitive both for short-stay platforms and for longer-term corporate leases.

Can I get a rental yield estimate and financial projection for this unit?
— Absolutely. We’ll prepare a tailored model based on current Business Bay rental rates and market trends. Enquire via the form on this page.