AG Tower, Business Bay is a 23 storey residential building which will have 437 apartments (a mix of studio, 1, 2 and 3 bedroom units). The project was announced in May 2015. Units in the tower will have views of the Godolphin Stables, the Business Bay canal as well as community views. AG Tower is located adjascent to the Ubora Towers.

Property Types Available: Apartments
Location: Sheikh Zayed Road
Status: Under Construction
Year Launched: 2015
Estimated Completion Date: September 2019
Developer: Arabian Gulf Properties
Title Type: Freehold
Quality Classification: High-end
Height Classification: Mid-rise
Life Cycle: Under Construction
Under-Construction Apartments: 437
Floors: 24

Investment Feasibility & Decision Drivers

Snapshot summary for investing in AG Tower

Investment Score

Value for Money
75%
Project Uniqueness
70%
Location & Connectivity
80%
Rental Yield Expectation
70%
Capital Growth Expectation
75%
More information on investment scores

Total Score

Synopsis

Sale Status: Nearly sold out. Limited units available.

Payment Plan: Very investor friendly

Ideal for: End-Users & Investors

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What Our Experts Think

AG Tower, Business Bay is a 23 storey residential building which will have 437 apartments (a mix of studio, 1, 2 and 3 bedroom units). Units in the tower will have views of the Godolphin Stables, the Business Bay canal as well as community views. AG Tower is located adjascent to the Ubora Towers. Well priced - average prices of AED 1,400 per sq. ft.

Excellent payment plan - 10% Downpayment, 40% payable over 24 months and 50% payable post handover over 3 years (it is also likely that the purchaser would be able to get a bank finance).

AG Tower Business Bay - Project Walkthrough

 Published on May 31 2015   233 Views

More than 400 sophisticated residences at AG Tower range from studios, to 1-, 2- & 3-bedroom apartments. Within each home is an expertly designed living space, varying in size and furnishings according to each buyer’s needs. All offer superior finishes, ultra-modern aesthetics and generous balconies that look out onto the city skyline.

AG Tower, Business Bay. One of the best buying opportunities in Dubai today.

Studio, 1 & 2 bedrooms. Competitive prices. 50% payable post completion.

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About AG Tower

AG Tower, Business Bay is a 23 storey residential building which will have 437 apartments (a mix of studio, 1, 2 and 3 bedroom units). The project was announced in May 2015. Units in the tower will have views of the Godolphin Stables, the Business Bay canal as well as community views. AG Tower is located adjascent to the Ubora Towers.

Location

AG Tower is located close to Ubora Towers in Business Bay. Other developments in close proximity to AG Tower include Damac XL Tower, O-14 and

Executive Bay. AG Tower is accessible from both Sheikh Zayed Road and Al Khail Road.

Property Types & launch prices

Studios are all sold out. There is limited availability for one, two, and three bedroom units.

Studios: two types of studios: 572 sq. ft. and 625 sq. ft. Prices from AED 700,000

1 Bedrooms: two types of one bedrooms; 872 sq. ft. and 1,211 sq. ft. Prices from AED 1.1 million.

2 Bedrooms: two types of two bedrooms; 1,370 sq. ft. and 1,656 sq. ft. Prices from AED 1.8 million

3 Bedrooms: prices from AED 2.2 million

Payment Plan

PercentageMilestone
10%At the time of booking
5%Every 3 months (8 installments)
50%Post-Completion (Over 3 years)


Construction Updates (As of July 1, 2017)

- Shoring, piling, and excavation works complete

- Pile caps works and foundation in progress

Project

Completion Status (as per DLD): 11.90% (as of Nov. 5, 2017)

Dubai Land Classification & Escrow Account Details:

Land Number: 122

Project Number: 1656

Real Estate Developer: Arabian Gulf Properties

Trust Account Number: 0204638477502

Account Trustee Name: Emirates NBD Bank

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

Positives of AG Tower

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