Oval Tower — Business Bay, Dubai

Oval Tower is a distinctive residential skyscraper nestled in the heart of Business Bay, one of Dubai's most dynamic and sought-after urban districts. Rising above the iconic Dubai Water Canal, the tower is immediately recognisable for its unique elliptical architectural form — a bold design statement that sets it apart from the more conventional rectangular towers that populate the surrounding skyline. The building's curvaceous façade reflects the ambition and creative energy that defines Business Bay as a whole, making Oval Tower not just a residence but a landmark in its own right. Residents of Oval Tower enjoy a sophisticated urban lifestyle with seamless access to the best that Dubai has to offer. The tower houses a range of residential apartment types, catering to young professionals, couples, and investors looking to secure a foothold in one of the emirate's most strategically located communities. Interiors are designed with contemporary sensibilities in mind, featuring open-plan layouts, floor-to-ceiling windows that flood spaces with natural light, and views across the canal, Downtown Dubai, and the broader city skyline. Business Bay itself is a thriving mixed-use district that blends commercial, retail, and residential living in a high-energy environment. The Dubai Water Canal promenade is just steps away, offering jogging tracks, waterfront dining, and a vibrant social scene. World-class hotels, fine dining restaurants, boutique cafés, and premium retail outlets are all within walking distance, ensuring residents have everything they need at their doorstep. Oval Tower represents the quintessential Business Bay living experience — urban, connected, and cosmopolitan. Whether you are looking for a stylish home close to work or a high-yield investment in a globally recognised district, Oval Tower delivers on both counts with its prime location, architectural character, and strong community appeal.

Developer: Oval Real Estate

Facilities: Temperature-controlled swimming pool, Fully equipped gymnasium, Dedicated residents' lobby with 24-hour concierge, High-speed passenger elevators, Covered basement parking, Children's play area, Sauna and steam room, Landscaped podium deck, On-site building security and CCTV surveillance, Retail units on ground floor

DRE Advisory:

Nearby: Dubai Water Canal Promenade, Burj Khalifa (approx. 1.5 km), Dubai Mall (approx. 1.8 km), Dubai Opera (approx. 2 km), DIFC Gate Village (approx. 2.5 km), Souk Al Bahar (approx. 2 km)

Residential Tower

Oval Tower

Business Bay · Dubai · Oval Real Estate

2017
Year Built
AED 14–18 / sqft (est.)
Est. Service Charge / year
Estimated range based on community averages. Verify with the owners association before purchase.
Dhabi AI
UAE Property Intelligence
Available now

I can see you're looking at Oval Tower in Business Bay, Dubai. Developed by Oval Real Estate in 2017. It's a residential tower. Business Bay consistently ranks among Dubai's top-performing residential investment zones, and Oval Tower benefits directly from this robust demand. Service charge runs AED 16/sqft/year. What would you like to know — pricing, rental yields, or how it compares to similar buildings?

Dhabi AI · UAE Property Intelligence

About Oval Tower

Oval Tower is a distinctive residential skyscraper nestled in the heart of Business Bay, one of Dubai's most dynamic and sought-after urban districts. Rising above the iconic Dubai Water Canal, the tower is immediately recognisable for its unique elliptical architectural form — a bold design statement that sets it apart from the more conventional rectangular towers that populate the surrounding skyline. The building's curvaceous façade reflects the ambition and creative energy that defines Business Bay as a whole, making Oval Tower not just a residence but a landmark in its own right. Residents of Oval Tower enjoy a sophisticated urban lifestyle with seamless access to the best that Dubai has to offer. The tower houses a range of residential apartment types, catering to young professionals, couples, and investors looking to secure a foothold in one of the emirate's most strategically located communities. Interiors are designed with contemporary sensibilities in mind, featuring open-plan layouts, floor-to-ceiling windows that flood spaces with natural light, and views across the canal, Downtown Dubai, and the broader city skyline. Business Bay itself is a thriving mixed-use district that blends commercial, retail, and residential living in a high-energy environment. The Dubai Water Canal promenade is just steps away, offering jogging tracks, waterfront dining, and a vibrant social scene. World-class hotels, fine dining restaurants, boutique cafés, and premium retail outlets are all within walking distance, ensuring residents have everything they need at their doorstep. Oval Tower represents the quintessential Business Bay living experience — urban, connected, and cosmopolitan. Whether you are looking for a stylish home close to work or a high-yield investment in a globally recognised district, Oval Tower delivers on both counts with its prime location, architectural character, and strong community appeal.

DRE Advisory

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

Community Feel

Oval Tower attracts a cosmopolitan mix of residents — young professionals, entrepreneurs, and expatriates from across the globe who thrive in Business Bay's fast-paced, aspirational environment. The community vibe is energetic yet polished, with neighbours who appreciate design, connectivity, and urban convenience. Day-to-day life revolves around the waterfront promenade, nearby specialty coffee shops, co-working spaces, and the district's ever-expanding restaurant scene. It is a community built for those who want to live, work, and socialise all within the same vibrant neighbourhood.

Investment Outlook

Business Bay consistently ranks among Dubai's top-performing residential investment zones, and Oval Tower benefits directly from this robust demand. Residential yields in Business Bay typically range between 6% and 8% annually, driven by strong rental appetite from the district's large professional and corporate tenant base. Oval Tower's distinctive architecture and prime canal-adjacent positioning add a premium layer of desirability that supports competitive rental pricing. Capital appreciation prospects remain solid as Business Bay continues to evolve with new infrastructure, hospitality, and retail additions. The district's proximity to Downtown Dubai — home to the Burj Khalifa and Dubai Mall — ensures sustained demand from both end-users and investors. Buyers at Oval Tower typically include regional and international investors seeking rental income, as well as owner-occupiers drawn to the building's lifestyle credentials. Off-plan resale and secondary market activity in the area remains active, underpinning long-term value retention.

Building Facilities

Temperature-controlled swimming pool
Fully equipped gymnasium
Dedicated residents' lobby with 24-hour concierge
High-speed passenger elevators
Covered basement parking
Children's play area
Sauna and steam room
Landscaped podium deck
On-site building security and CCTV surveillance
Retail units on ground floor

Getting Around

Oval Tower enjoys excellent connectivity across Dubai. The Business Bay Metro Station on the Red Line is within a 10-minute walk, providing direct access to Downtown Dubai, Dubai Marina, and Dubai International Airport. Sheikh Zayed Road and Al Khail Road are both easily accessible by car, placing DIFC within 5 minutes, Downtown Dubai within 5 minutes, and Dubai Marina within approximately 20 minutes. The RTA Water Bus service along the Dubai Water Canal offers a scenic alternative commute option.

Nearby Landmarks

  • Dubai Water Canal Promenade
  • Burj Khalifa (approx. 1.5 km)
  • Dubai Mall (approx. 1.8 km)
  • Dubai Opera (approx. 2 km)
  • DIFC Gate Village (approx. 2.5 km)
  • Souk Al Bahar (approx. 2 km)

Nearby Buildings

Executive Towers (Business Bay)
The Opus by Zaha Hadid (Business Bay)
Millennium Binghatti Residences (Business Bay)
Bay Square (Business Bay)
DAMAC Maison Canal Views (Business Bay)

Frequently Asked Questions

What types of apartments are available in Oval Tower, Business Bay?

Oval Tower offers a variety of residential apartment configurations catering to different lifestyle needs, including studio, one-bedroom, and two-bedroom units. The apartments are designed with open-plan layouts and feature large windows that maximise natural light and views across Business Bay and the Dubai Water Canal.

Is Oval Tower freehold, and can foreign nationals purchase apartments there?

Yes, Business Bay is a designated freehold zone in Dubai, which means foreign nationals and expatriates are eligible to purchase properties in Oval Tower with full ownership rights. This makes it an attractive option for international investors and residents alike.

What are the typical rental prices for apartments in Oval Tower?

Rental prices in Oval Tower vary depending on apartment size, floor level, and view orientation. As a general guide, studios typically rent from AED 55,000 to AED 75,000 per annum, one-bedroom apartments from AED 80,000 to AED 110,000, and two-bedroom units from AED 120,000 upwards. Market conditions and specific unit features will influence final pricing.

How close is Oval Tower to the nearest metro station?

Oval Tower is conveniently located within approximately a 10-minute walk from Business Bay Metro Station on the Dubai Metro Red Line. This provides residents with fast, affordable access to key destinations including Downtown Dubai, DIFC, Dubai Marina, and Dubai International Airport without the need for a car.

What makes Oval Tower stand out from other residential buildings in Business Bay?

Oval Tower is distinguished by its iconic elliptical architectural design, which gives it a unique visual identity on the Business Bay skyline. Its proximity to the Dubai Water Canal promenade, combined with its central location near Downtown Dubai and strong community amenities, makes it a compelling choice for residents and investors who want a balance of lifestyle appeal and investment potential.

Enquire About Oval Tower

Our Business Bay specialists have access to current resale inventory, rental listings, and yield data for Oval Tower. 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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