The Crestmark: off-plan project in Business Bay
The Crestmark is an off-plan residential apartment project in Business Bay, registered with the Dubai Land Department as project no. 2832 and developed by Ellington Properties Development L.L.C. From October 16, 2025 to October 16, 2026, 22 off-plan sales were registered there at a median price of AED 2,793,828 (AED 2,598 per sq ft); 80% of sales fall between AED 2,032,328 and AED 4,177,028.
- 22off-plan sales in 12 months
- AED 2,793,828median sale price
- AED 2,598median price per sq ft
- 24.6%construction progress (DLD)
- 191registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 2,598 per sq ft, The Crestmark is in line with the median of off-plan sales across the 32 projects tracked in Business Bay (AED 2,733 per sq ft), and 47% above the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 22 off-plan sales in 12 months, about 2 a month; number 31 by sales in Business Bay over the period.
- Construction: 24.6% complete in the DLD register, construction is at an early stage.
- Profile: the best-selling type (apartment · 1 bedroom) makes up 50% of sales, alongside 3 other types.
The Crestmark: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 2832 |
| Registered developer | Ellington Properties Development L.L.C (developer no. 1117) |
| Master developer | Business Bay (L.L.C) |
| Community (master project) | Business Bay |
| DLD area | Business Bay |
| Register status | active |
| Construction progress | 24.6% |
| Project start | September 26, 2023 |
| Registered units | 191 units |
| Buildings | 1 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
The Crestmark off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · 1 bedroom, at a median AED 2,363,828.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · 1 bedroom | 11 | AED 2,363,828 | 2,011,828 – 2,899,828 | 93 m² (1,001 sq ft) | AED 2,589 |
| Apartment · 2 bedrooms | 7 | AED 3,283,828 | 2,794,897 – 3,632,828 | 115 m² (1,238 sq ft) | AED 2,719 |
| Apartment · 3 bedrooms | 3 | AED 4,403,828 | — | 157 m² (1,690 sq ft) | AED 2,712 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · 1 bedroom: 50% of off-plan sales, with a median size of 93 m² (69 to 95 m² for 80% of them).
- Apartment · 1 bedroom: 50% (11 sales)
- Apartment · 2 bedrooms: 31.8% (7 sales)
- Apartment · 3 bedrooms: 13.6% (3 sales)
- Apartment · Studio: 4.5% (1 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
The Crestmark off-plan price by quarter
The median off-plan price per sq ft moved from AED 2,724 in Q1 2024 to AED 2,725 in Q2 2026 (+0%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q1 2024 | 41 | AED 2,724 | — |
| Q2 2024 | 21 | AED 2,609 | -4.2% |
| Q3 2024 | 29 | AED 2,755 | +5.6% |
| Q4 2024 | 20 | AED 2,848 | +3.4% |
| Q1 2025 | 24 | AED 2,524 | -11.4% |
| Q2 2025 | 22 | AED 2,693 | +6.7% |
| Q3 2025 | 10 | AED 2,835 | +5.3% |
| Q4 2025 | 6 | AED 2,879 | +1.5% |
| Q1 2026 | 8 | AED 2,428 | -15.7% |
| Q2 2026 | 8 | AED 2,725 | +12.2% |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Rents in Business Bay
To gauge the rental market around The Crestmark: annual rents of Ejari contracts registered in Business Bay over the last 12 months (15,361 contracts).
| Unit type | Contracts | Median annual rent | Middle 50% range |
|---|---|---|---|
| Apartment · Studio | 4,331 | AED 65,000 | 55,000 – 77,000 |
| Apartment · 1 bedroom | 7,008 | AED 85,000 | 75,000 – 105,000 |
| Apartment · 2 bedrooms | 3,186 | AED 129,640 | 110,000 – 150,000 |
| Apartment · 3 bedrooms | 749 | AED 189,000 | 160,000 – 220,000 |
| Apartment · 4 bedrooms | 82 | AED 300,000 | 193,812 – 375,000 |
To compare a market rent with your purchase price and running costs, the rental yield calculator works it through step by step.
Source: Dubai Land Department, Ejari rent contracts (open data), 20/10/2025 to 20/10/2026.
Where is The Crestmark?
The Crestmark is in Business Bay, Dubai.
- Nearest metro station: Buj Khalifa Dubai Mall Metro Station
- Nearest shopping mall: Dubai Mall
- Nearest landmark: Downtown Dubai
Source: Dubai Land Department, reference points attached to registered sales.
Further reading
- All off-plan projects in Business Bay
- All DLD sales at The Crestmark (new and resale)
- Business Bay property prices
- Business Bay rents
- All Ellington Properties Development L.L.C projects
- Our developer guide
Other off-plan projects in Business Bay
- Binghatti Aquarise — AED 2,624/sq ft
- Downtown Residences — AED 2,769/sq ft
- Binghatti Skyrise — AED 2,888/sq ft
- Al Habtoor Tower — AED 2,733/sq ft
- One by Binghatti — AED 2,938/sq ft
- Tiger Sky Tower — AED 2,388/sq ft
- Binghatti Skyhall — AED 2,407/sq ft
- Peninsula Four — AED 2,530/sq ft
More projects by Ellington Properties Development L.L.C
Same budget elsewhere in Dubai (around AED 2,793,828)
- DAMAC Riverside - Olive, Dubai Investment Park Second — AED 2,793,000
- Avenue Park Towers II, Wasl 1 — AED 2,794,777
- MAS Barsha Residency, Al Barsha First — AED 2,791,746
- 113 Residences, Sufouh Gardens — AED 2,798,196
- Mercer House, DMCC Master Community — AED 2,784,828
- SUNSET BAY FIVE by Imtiaz, Palm Deira — AED 2,807,063
Projects presented by Cevitas
Our Business Bay guides
Frequently asked questions
How much does a home at The Crestmark cost?
Over the last 12 months, the 22 off-plan sales registered with the DLD show a median price of AED 2,793,828, or AED 2,598 per sq ft; 80% fall between AED 2,032,328 and AED 4,177,028. The developer's current prices are on its price list.
When will The Crestmark be completed?
In the DLD project register (as of 15/06/2026), the project is "active", 24.6% complete. The handover date is confirmed by the developer.
Who is the developer of The Crestmark?
The DLD register lists Ellington Properties Development L.L.C (developer no. 1117), in a community developed by Business Bay (L.L.C).
What unit types are sold at The Crestmark?
Off-plan sales over the last 12 months cover: apartment · 1 bedroom (11), apartment · 2 bedrooms (7), apartment · 3 bedrooms (3), apartment · studio (1). Best-selling type: apartment · 1 bedroom, at a median AED 2,363,828 for 93 m².
Has the price per sq ft at The Crestmark changed?
The median off-plan price moved from AED 2,724 per sq ft in Q1 2024 to AED 2,725 in Q2 2026, based on DLD-registered sales.
How do I get the The Crestmark price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), median annual rent of residential contracts over the last 12 months in the area.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.