Off-Plan · Business Bay

Handover & Snagging in Business Bay

What happens at handover in Business Bay and how to snag properly before you accept keys.

Price per sqft

AED 2,100 per sqft

1-bed rent

AED 95,000/yr

Gross yield

7–8%

Short-let occupancy

78%

The handover sequence

Developer issues the completion notice, you settle the final instalment, pay DLD registration, complete a snagging inspection, then collect keys and register DEWA. Expect 30–60 days end to end in Business Bay.

Snag it properly

A professional snag on a Business Bay unit costs AED 800–2,500 and routinely finds 40–120 items — door alignment, AC balancing, silicone, tiling and paint. Submit the report before signing acceptance, not after.

Business Bay at a glance

Business Bay is the canal-side business district minutes from Downtown and DIFC. Buying sits at AED 2,100 per sqft — roughly AED 1,638,000 for a standard one-bedroom — while long-term tenants pay about AED 95,000 a year. Hosted as a licensed holiday home, the same unit averages AED 547 a night at 78% occupancy, around AED 155,731 gross. Owners on our managed programme average AED 214,909 — a 38% uplift.

Frequently asked questions

Who fixes snags?

The developer, under the one-year defects liability period and ten-year structural warranty.

Can I refuse handover?

You can withhold acceptance until material defects are rectified, but instalment obligations continue.