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Ready
Q3 2021
691
Freehold
Standard
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Live market context for Sky Bay Hotel from DLD registered transactions and active listings.
Price on Request
Current unit pricing depends on stack, view, floor, and release phase.
60% pre-handover
20% Down Payment · 40% During Construction · 40% On Handover
40% on handover
AED 2,602
Business Bay 12-month registered-sales median price per square foot.
Avg AED 2,609 / sqft
12.9K sales
AED 42.7B traded in Business Bay over the last 12 months.
5,236 sales in 6 months
65.5% share
65.5% of Business Bay sales in the last 12 months were off-plan transactions.
Buyer demand signal
+12.4% YoY
Area price-per-sqft movement is a market benchmark, not a return guarantee.
Sky Bay Hotel is a monumental success story in Dubai's hospitality real estate sector. Developed by the visionary team at The First Group, this fully completed and highly operational high-rise is strategically positioned in the vibrant heart of Business Bay. Boasting a massive inventory of premium hotel suites, the property was specifically engineered not as a traditional residential building, but as a high-performance, income-generating asset for global investors. By partnering with world-class hotel management operators, The First Group has ensured that this property operates with absolute corporate efficiency, catering perfectly to the immense influx of business and leisure travelers seeking central, high-quality accommodation in Dubai.
The core philosophy driving Sky Bay Hotel is the provision of "hassle-free" luxury investment. Unlike traditional residential real estate, where owners must manage tenants, maintenance, and void periods, investing in a suite here means purchasing a fully managed, hands-off asset. The hotel's professional management takes care of everything from global marketing and bookings to daily housekeeping, distributing a proportional share of the hotel's collective revenue to the suite owners. For astute investors seeking a highly secure, blue-chip asset that generates immediate, stable returns within one of Dubai's most vital commercial corridors, Sky Bay Hotel represents a textbook investment opportunity.
Sky Bay Hotel is a flagship development by The First Group, a highly respected international property developer with a massive footprint in the UAE. The First Group has carved a highly specialized and incredibly successful niche in the market by focusing almost exclusively on the development of premium hotel and hotel-apartment projects designed specifically for individual investors.
Choosing to invest in a property developed by The First Group offers profound advantages. Their business model is entirely focused on maximizing investor ROI. To achieve this, they consistently partner with world-renowned hotel operators, guaranteeing that the property benefits from massive global booking networks and international loyalty programs, drastically driving up occupancy rates compared to independent hotels. Furthermore, The First Group is known for its uncompromising build quality and meticulous attention to interior design, ensuring that their properties maintain a premium status and command high nightly rates long after their initial launch.
Business Bay is universally recognized as Dubai’s premier central business district, seamlessly blending towering commercial skyscrapers with ultra-luxury residential developments and world-class hospitality, serving as the commercial engine of "New Dubai."
Sky Bay Hotel occupies a highly strategic, high-visibility plot within this master plan. The location offers guests the ultimate urban convenience. The immediate environment is highly walkable and entirely self-sufficient, boasting immediate proximity to major supermarkets, boutique cafes, pharmacies, and a diverse array of local dining options. Most importantly, it is situated directly adjacent to Downtown Dubai and the Dubai International Financial Centre (DIFC), making it the absolute premier choice for corporate travelers visiting these hubs. Living or staying here means being at the absolute center of Dubai's commercial universe.
In the highly competitive Dubai hospitality market, the connectivity offered by a hotel dictates its occupancy rate, and Sky Bay Hotel excels spectacularly in this regard. The development provides immediate, uncongested access to the city’s most critical arterial roads, primarily Sheikh Zayed Road (E11) and Al Khail Road (E44).
The architectural design of Sky Bay Hotel is distinctly modern and elegant, featuring a sleek, glass-dominated facade that stands out prominently on the Business Bay skyline.
Internally, The First Group has focused on creating highly efficient, luxuriously appointed hotel suites that cater perfectly to the modern traveler. The massive inventory features a sophisticated, contemporary aesthetic:
Sky Bay Hotel offers a comprehensive suite of world-class amenities designed to foster a vibrant, social, and relaxing environment for guests, ensuring exceptional online reviews and repeat bookings.
As a fully completed, highly mature project, Sky Bay Hotel represents an incredibly secure, immediate-yield investment. The elimination of off-plan construction risk makes it a safe haven for capital.
The investment thesis is built on immense, proven tenant demand and the power of professional hotel management. Because the property is managed by an international operator, it benefits from a recognized booking engine, ensuring incredibly high, year-round occupancy rates. Investors enter a "pooled" income structure, where they receive a proportional share of the room revenue, creating a completely passive, hands-off income stream. Historically, well-managed hotel properties in central Dubai locations like Business Bay deliver highly robust Rental Returns (ROI), often outperforming traditional residential leases. Supported by its hyper-central location and excellent management, Sky Bay Hotel ensures steady, reliable long-term returns for astute real estate investors.
Sky Bay Hotel by The First Group is a masterful achievement in hospitality real estate. By successfully integrating sleek, modern architecture with highly functional suites and a massive suite of resort-style amenities, the developer has created a highly desirable urban hotel in Business Bay. Supported by excellent access to Downtown Dubai and the financial security of a proven investment model, Sky Bay Hotel stands as a supremely comfortable destination for international travelers and a highly secure, exceptional-yield opportunity for investors seeking hands-off passive income.
Prime location in Business Bay - one of Dubai's most sought-after areas
Investment starts from AED 990K
Developed by The First Group
Expected completion: Q3 2021
High rental demand area with yields typically 6-8% annually
Located in Business Bay, offering excellent connectivity and access to key destinations
Features include Security, Central A/C, Covered Parking and more
Attractive payment options available for investors and homebuyers
Built by The First Group with premium finishes and materials
Ready-to-move-in with immediate rental potential
Developer payment schedule for Sky Bay Hotel.
20%
Down Payment
40%
During Construction
40%
On Handover
Availability check
Get current release, stack, floor, and view pricing from our advisors.

Security
Central A/C
Covered Parking
Downtown Dubai
Dubai Water Canal
Burj Khalifa
DLD Market Data
Business Bay recorded 12.9K DLD-registered sales worth AED 42.7B over the last 12 months, with a median price of AED 2,602 per square foot. 65.5% of those sales were off-plan, and prices moved +12.4% year-on-year.
1 Bedroom
-
8 sales in 12 months
DLD transactions linked to Sky Bay Hotel and its registered project record.
| Date | Type | Beds | Size | Price | PSF |
|---|---|---|---|---|---|
| May 12, 2026 | Ready | 0 | 102 Sq Ft | AED 224,940 | AED 2,202 |
| May 5, 2026 | Ready | 0 | 109 Sq Ft | AED 405,650 | AED 3,728 |
| Apr 30, 2026 | Ready | 0 | 87 Sq Ft | AED 402,650 | AED 4,613 |
| Apr 15, 2026 | Ready | 0 | 96 Sq Ft | AED 420,000 | AED 4,384 |
| Apr 14, 2026 | Ready | 0 | 101 Sq Ft | AED 475,923 | AED 4,724 |
| Apr 13, 2026 | Ready | 0 | 103 Sq Ft | AED 349,730 | AED 3,388 |
| Mar 31, 2026 | Ready | 0 | 94 Sq Ft | AED 420,095 | AED 4,465 |
| Mar 26, 2026 | Ready | 0 | 124 Sq Ft | AED 405,650 | AED 3,283 |
| Mar 16, 2026 | Ready | 0 | 87 Sq Ft | AED 405,000 | AED 4,634 |
| Mar 11, 2026 | Ready | 0 | 88 Sq Ft | AED 405,000 | AED 4,583 |
| Mar 10, 2026 | Ready | 0 | 100 Sq Ft | AED 405,650 | AED 4,074 |
| Mar 10, 2026 | Ready | 0 | 104 Sq Ft | AED 442,300 | AED 4,241 |
Discover the exceptional location of Sky Bay Hotel in Business Bay, offering unparalleled access to Dubai's finest destinations.
Get DirectionsSky Bay Hotel by The First Group in Business Bay starts from Price on Request. Prices vary based on unit type, floor, and view. Contact our team for detailed pricing across all available layouts and current promotional offers.
Sky Bay Hotel offers a flexible payment plan payment structure. Typical plans include an initial booking deposit, installments during construction, and final payment on handover. Our consultants can explain the specific payment schedule and help you plan your investment.
Sky Bay Hotel is scheduled for completion in Q3 2021. The project is ready for immediate occupancy.
Sky Bay Hotel by The First Group in Business Bay offers strong investment potential. Business Bay is one of Dubai's sought-after locations with consistent demand from both residents and investors. The project's location, developer reputation, and payment plan make it attractive for both end-users and investors seeking rental yields or capital appreciation.
Sky Bay Hotel is developed by The First Group, an established property developer in Dubai's real estate market. All developers in Dubai are regulated by RERA to ensure buyer protection.
Sky Bay Hotel offers world-class amenities including Security, Central A/C, Covered Parking. These amenities are designed to provide residents with a premium lifestyle experience.