Price from
AED 2.56M
Starting price for One B Tower.

Under Construction
One B Tower is a Wasl-developed off-plan residential project in Business Bay priced from AED 2.
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Price from
AED 2.56M
Starting price for One B Tower.
Completion
Q4 2028
Tracked completion target for One B Tower.
Related projects
13
Nearby launches and other Wasl projects.
One B Tower is Wasl's current off-plan residential launch in Business Bay, priced from AED 2.56M with a Q4 2028 handover target. The project divides into two distinct price bands: 111 smaller units between 63.73 and 92.53 sqm ranging from AED 2.56M to AED 2.97M, and 112 larger residences between 148.09 and 203.74 sqm running from AED 4.54M to AED 6.82M. With 158 tracked transactions recorded and a construction schedule running 18.93% behind plan, the central selection question is whether Wasl's government-backed credibility justifies committing to a timeline that currently points toward mid-2029 rather than Q4 2028.
The 111 smaller units — 63.73 to 92.53 sqm — open at AED 2.56M and peak at AED 2.97M, representing entry-level Business Bay off-plan exposure within the AED 28,224 to AED 44,285 per sqm range observed across the full project. The 112 larger residences between 148.09 and 203.74 sqm run from AED 4.54M to AED 6.82M, where the per sqm premium reflects floor position, view corridor, and the substantive layout utility that a 200 sqm floor plate delivers over a 65 sqm compact unit. Budget the 4% buyer-side fee as a fixed acquisition cost on top of purchase price — on the AED 2.56M entry unit that adds approximately AED 102,400, lifting all-in acquisition exposure to around AED 2.66M before DLD transfer fees. Buyers targeting sub-AED 3M Business Bay off-plan exposure will find One B Tower's entry band competitive against comparable launches in the district. The AED 44,285 per sqm ceiling on the larger residences demands direct comparison against delivered Business Bay towers with an established rental yield history before committing capital at that rate.
One B Tower's Q4 2028 handover target is the most consequential variable in the investment case, and the current construction position — 18.93% behind schedule — is a fact that selection buyers must price into their decision. A gap of this magnitude, if maintained through to completion, points to a realistic delivery in mid-to-late 2029. Investors modelling rental income or resale timing on a 2028 assumption should revise those projections to reflect a nine-to-twelve-month contingency. The 158 tracked transactions confirm healthy buyer absorption and give Wasl a commercial incentive to close the schedule gap, but market demand does not guarantee construction velocity. Wasl's government ownership provides structural assurance around escrow compliance and project completion — the developer has the balance sheet to finish what it starts — but buyers should request the latest DLD-registered milestone certificates and escrow fund balance independently before exchange to verify the current construction position. Reviewing the off-plan versus ready comparison is advisable for any buyer whose yield or occupancy timeline cannot absorb a further slip.
Business Bay is Dubai's central mixed-use district, running along the Dubai Canal directly adjacent to Downtown Dubai. The Business Bay Metro station and direct access to Sheikh Zayed Road make it one of the most connected districts in the city for corporate tenants, which underpins consistent residential rental demand. Gross yields on well-positioned canal and city-view units in Business Bay have tracked between 6% and 8%, though the district's dense supply pipeline — multiple towers under construction simultaneously — means yield outcomes vary sharply by floor, view, and unit configuration. One B Tower competes for the same rental tenant pool as Aykon City 3, Boulevard Park 2, and a range of other concurrent launches in the district. Buyers must assess whether their specific unit commands a canal or Burj Khalifa sight line: view-premium units in Business Bay have historically achieved 15% to 20% higher per sqm capital values and more consistent tenant demand than internal-view equivalents. Undifferentiated Business Bay exposure at a premium per sqm is a weaker investment thesis than a specific unit with a defensible floor and view advantage.
Wasl Asset Management Group is a Dubai government-owned entity with a portfolio spanning residential, hospitality, and commercial assets across multiple districts. Government ownership means Wasl operates with stronger balance sheet support and stricter regulatory accountability than the majority of privately held developers active in the Dubai off-plan market. For buyers who treat developer security as a primary criterion, Wasl ranks among the lower-risk choices in the current launch cycle. Pinewood Estate Homes is among Wasl's other tracked launches and allows buyers to compare the developer's approach to community-scale residential delivery — lower density, different tenure and price profile — against One B Tower's high-density Business Bay tower format. Buyers committed to Wasl's backing but uncertain about Business Bay as the target district should review the developer's broader portfolio before deciding, since Wasl's delivery standards and contractual protections apply equally across its projects regardless of location or product type.
Buyers evaluating One B Tower should compare it directly against Aykon City 3, Boulevard Park 2, and Boulevard Park before finalising any selection. Aykon City 3 by DAMAC brings scale and an established construction track record in Business Bay, with unit types and price points that overlap One B Tower's larger residence band; DAMAC's delivery history in the district makes it a credible benchmark for timeline reliability. Boulevard Park and Boulevard Park 2 compete for the same end-user segment in the boulevard-facing corridor, with positioning that appeals to buyers who prioritise walkability to Downtown amenities over canal proximity. Haus of Tenet and Bearau Lamar Commercial Tower provide additional Business Bay reference points for per sqm benchmarking and handover timing comparison. The buying process for any of these launches carries the same 4% DLD transfer fee and agent cost structure, so the comparison reduces to unit-level value, developer track record, and construction timeline credibility — three dimensions where One B Tower's 18.93% schedule lag makes competing launches more attractive on a risk-adjusted basis unless Wasl closes that gap demonstrably before exchange. All active projects in the district should be benchmarked against the latest DLD transaction register to confirm current market pricing.

A schedule running 18.93% behind plan means the Q4 2028 target carries material slippage risk. Buyers should model a mid-to-late 2029 handover as a realistic base case and request the latest DLD-registered construction milestone certificates and escrow account balance before exchange. Yield projections and any financing timelines should incorporate a six-to-nine-month buffer beyond the stated completion date to avoid cash flow shortfalls.
One B Tower's observed pricing runs from AED 28,224 to AED 44,285 per sqm across both unit bands. The entry-level exposure in the smaller units is competitive for Business Bay off-plan, but the AED 44,285 per sqm ceiling on the larger residences sits at the premium end of current district launches. Buyers should benchmark directly against Aykon City 3, Boulevard Park 2, and Haus of Tenet, where per sqm rates and handover timelines differ enough to materially affect total acquisition cost and yield entry point.
Wasl Asset Management Group is a Dubai government-owned entity, placing it among the most structurally secure developers in the off-plan market. Government ownership means stronger balance sheet support through construction cycles and stricter adherence to DLD escrow requirements than most privately held developers. The current construction delay on One B Tower is a project-specific scheduling risk rather than a developer solvency concern, and Wasl's track record on project completion across its residential portfolio is broadly positive.

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