Al Shafar Residence — Business Bay, Dubai

Al Shafar Residence is a well-established residential building nestled in the heart of Business Bay, one of Dubai's most dynamic and sought-after urban districts. Ideally positioned within this thriving mixed-use community, the residence offers its occupants a compelling blend of cosmopolitan city living and everyday convenience, making it a popular choice for both working professionals and families seeking a central Dubai address. The building's straightforward, functional architecture reflects the practical elegance that characterises much of Business Bay's residential stock, delivering comfortable and liveable spaces in an otherwise fast-paced business environment. Residents of Al Shafar Residence enjoy immediate access to the vibrant energy that defines Business Bay — from the tree-lined promenade along the Dubai Canal to the district's eclectic mix of dining, retail, and leisure outlets just steps from the door. The apartments are designed to maximise space and natural light, catering to a range of lifestyle needs with layouts suited to singles, couples, and small families alike. Interiors typically feature contemporary finishes, functional kitchens, and well-proportioned living areas that serve as a genuine home amid the city buzz. The surrounding neighbourhood continues to mature rapidly, with new restaurants, cafés, fitness studios, and retail concepts opening regularly along the canal and adjacent streets. Business Bay's proximity to Downtown Dubai means residents are never far from world-class entertainment, fine dining, and the iconic Burj Khalifa skyline. Whether commuting to the Dubai International Financial Centre (DIFC), Dubai Mall, or further afield via Sheikh Zayed Road, Al Shafar Residence places its occupants at the geographic and lifestyle centre of modern Dubai — an address that balances urban ambition with residential comfort.

Developer: Various Developers

Facilities: Swimming pool, Fully equipped gymnasium, 24-hour security and CCTV surveillance, Covered basement parking, High-speed passenger lifts, Lobby reception and concierge services, Building maintenance and facility management, Central air conditioning, Dedicated prayer room, Waste management and recycling facilities

DRE Advisory:

Nearby: Burj Khalifa (approx. 1.5 km), Dubai Mall (approx. 1.8 km), Dubai Canal Promenade (approx. 0.5 km), Dubai Opera (approx. 2 km), Dubai International Financial Centre – DIFC (approx. 2.5 km), Safa Park (approx. 3 km)

Residential Building

Al Shafar Residence

Business Bay · Dubai · Various Developers

AED 15–19 / sqft (est.)
Est. Service Charge / year
Estimated range based on community averages. Verify with the owners association before purchase.

About Al Shafar Residence

Al Shafar Residence is a well-established residential building nestled in the heart of Business Bay, one of Dubai's most dynamic and sought-after urban districts. Ideally positioned within this thriving mixed-use community, the residence offers its occupants a compelling blend of cosmopolitan city living and everyday convenience, making it a popular choice for both working professionals and families seeking a central Dubai address. The building's straightforward, functional architecture reflects the practical elegance that characterises much of Business Bay's residential stock, delivering comfortable and liveable spaces in an otherwise fast-paced business environment. Residents of Al Shafar Residence enjoy immediate access to the vibrant energy that defines Business Bay — from the tree-lined promenade along the Dubai Canal to the district's eclectic mix of dining, retail, and leisure outlets just steps from the door. The apartments are designed to maximise space and natural light, catering to a range of lifestyle needs with layouts suited to singles, couples, and small families alike. Interiors typically feature contemporary finishes, functional kitchens, and well-proportioned living areas that serve as a genuine home amid the city buzz. The surrounding neighbourhood continues to mature rapidly, with new restaurants, cafés, fitness studios, and retail concepts opening regularly along the canal and adjacent streets. Business Bay's proximity to Downtown Dubai means residents are never far from world-class entertainment, fine dining, and the iconic Burj Khalifa skyline. Whether commuting to the Dubai International Financial Centre (DIFC), Dubai Mall, or further afield via Sheikh Zayed Road, Al Shafar Residence places its occupants at the geographic and lifestyle centre of modern Dubai — an address that balances urban ambition with residential comfort.

DRE Advisory

District Real Estate has specialist knowledge of Al Shafar Residence and the wider Business Bay sub-market. Contact our advisory team for current resale inventory, yield analysis, and transaction support.

Community Feel

Al Shafar Residence attracts a predominantly young, professional resident base — executives, entrepreneurs, and service-industry workers drawn by the building's affordability and its unbeatable Business Bay location. The community has a cosmopolitan, fast-paced feel, with residents who appreciate the convenience of city living without the premium price tag of the district's landmark towers. Day-to-day life revolves around nearby canal-side cafés, the thriving restaurant scene along Business Bay's main boulevard, and quick access to Downtown Dubai's retail and entertainment offerings — creating an energetic, connected lifestyle that suits ambitious urban dwellers.

Investment Outlook

Al Shafar Residence presents a credible investment opportunity within Business Bay, a district that consistently ranks among Dubai's top-performing residential submarkets. Gross rental yields in Business Bay typically range between 6% and 8% annually, driven by strong occupier demand from the large white-collar workforce employed across the district's numerous corporate headquarters and free zone offices. The building appeals to budget-conscious professionals and young expatriate couples who prefer a well-located address at a more accessible price point than premium canal-facing towers nearby. Capital appreciation in Business Bay has been supported by sustained infrastructure investment, the maturation of the Dubai Canal promenade, and the district's ongoing densification with retail and hospitality assets. Buyers — predominantly regional investors, UAE-based expatriates, and overseas investors from South Asia and the Arab world — are attracted by the relatively lower entry price compared to Downtown Dubai, combined with the area's strong liquidity when it comes time to exit. With Dubai's population growth trajectory and Business Bay's central positioning, demand fundamentals remain robust for the medium to long term.

Building Facilities

Swimming pool
Fully equipped gymnasium
24-hour security and CCTV surveillance
Covered basement parking
High-speed passenger lifts
Lobby reception and concierge services
Building maintenance and facility management
Central air conditioning
Dedicated prayer room
Waste management and recycling facilities

Getting Around

Al Shafar Residence benefits from excellent connectivity throughout Dubai. The Business Bay Metro Station on the Red Line is within comfortable walking distance, providing direct access to Downtown Dubai, Dubai Marina, and Dubai International Airport. Key arterial roads including Sheikh Zayed Road and Al Khail Road are minutes away by car. Downtown Dubai and the DIFC are reachable within five minutes by car, Dubai Mall within ten minutes, and Dubai International Airport within approximately 20 minutes, making daily commuting and travel highly convenient for residents.

Nearby Landmarks

  • Burj Khalifa (approx. 1.5 km)
  • Dubai Mall (approx. 1.8 km)
  • Dubai Canal Promenade (approx. 0.5 km)
  • Dubai Opera (approx. 2 km)
  • Dubai International Financial Centre – DIFC (approx. 2.5 km)
  • Safa Park (approx. 3 km)

Nearby Buildings

Damac Maison Distinction, Business Bay
The Metropolis by DAMAC, Business Bay
Merano Tower, Business Bay
Bay Square Residences, Business Bay
Westburry Tower, Business Bay

Frequently Asked Questions

What types of apartments are available at Al Shafar Residence in Business Bay?

Al Shafar Residence offers a variety of residential unit types to suit different lifestyle needs, including studio, one-bedroom, and two-bedroom apartments. The layouts are designed to maximise space and functionality, making them well-suited to singles, couples, and small families seeking a central Business Bay address.

Is Al Shafar Residence freehold or leasehold, and can overseas buyers purchase here?

Business Bay is a designated freehold area in Dubai, meaning both UAE nationals and foreign nationals are eligible to purchase property in the district. Buyers are advised to confirm the specific freehold status of individual units at Al Shafar Residence with the developer or a registered real estate broker and verify ownership details through the Dubai Land Department.

What are the typical rental prices at Al Shafar Residence?

Rental prices at Al Shafar Residence vary depending on unit size, floor level, and current market conditions. As a general guide, studios in Business Bay typically range from AED 45,000 to AED 65,000 per year, while one-bedroom apartments can range from AED 65,000 to AED 95,000 annually. Prospective tenants should contact District Real Estate for up-to-date availability and pricing.

How close is Al Shafar Residence to the nearest metro station?

Al Shafar Residence is conveniently located near the Business Bay Metro Station on the Dubai Metro Red Line, which is accessible within a short walk or a brief drive. This station provides direct connectivity to key destinations including Downtown Dubai, Dubai Marina, and Dubai International Airport, making daily commuting straightforward for residents.

What amenities and facilities does Al Shafar Residence offer residents?

Al Shafar Residence provides residents with a range of standard building amenities including a swimming pool, gymnasium, 24-hour security, covered parking, high-speed lifts, and a reception lobby. The building's location in Business Bay also means residents enjoy immediate access to an extensive array of dining, retail, fitness, and leisure options in the surrounding neighbourhood and along the Dubai Canal promenade.

Enquire About Al Shafar Residence

Our Business Bay specialists have access to current resale inventory, rental listings, and yield data for Al Shafar Residence. Let us help you make the right move.

Contact an AdvisorExplore Business Bay

Building details are indicative and based on DRE research. Unit counts, sizes, and amenities may vary. Not investment advice. Verify all information with DRE advisors before transacting.

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