West 5 Tower

Key facts

Handover (past)

Q4 2024

Status

Ready

Construction progress

100%

Ownership

freehold

Property types

apartment

Availability

Limited availability, confirm with us

Payment plan

Available units

Amenities

• Beach Club
• Basement Parking
• Ballroom
• Balcony
• Security
• Barbecue Area

Location

West 5 Tower sits in West Five Business Bay Residences.

How West 5 Tower compares

Entry here is AED 1.9M, against a median of AED 2.0M across the 75 priced projects in Business Bay, which puts it above 34 of them and below 40. The plan opens at 10% down, against a Dubai median of 10%, in line with the market. Handover lands in Q4 2024, alongside 104 other projects completing in the same quarter. MAG Property Development has 18 projects in our catalogue, 2 of them in Business Bay.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

What you pay, and when

The published payment plan is 10% on booking, 40% during construction and 50% at handover. At the AED 1,950,000 entry price, that is AED 195,000 to reserve a unit, AED 780,000 across the build, and AED 975,000 due on completion.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 78,000 at this entry price. That 10% booking payment does not go to MAG Property Development directly: under Dubai's Law 8 of 2007 a registered project holds it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 850 square feet at AED 1,950,000, which works out at AED 2,294 per square foot. Stated sizes run from 850 to 1,248 square feet.

Handover and construction

West 5 Tower handed over in Q4 2024. Construction was last recorded at 100% complete.

Ownership and residency

West 5 Tower is a freehold development, so a buyer of any nationality can own a unit outright and hold the title deed. The entry price is below the AED 2,000,000 property threshold for the 10 year UAE golden visa, though 2 bedroom units here start at AED 2,968,777 and clear it on their own.

What it costs to hold

Service charges in Business Bay run roughly 14 to 22 AED per square foot per year, on the Dubai Land Department service charge index. Towers inside one community can differ by a factor of two, so treat that as a range to check against the specific building rather than a quotation. On the 850 square foot entry unit that is about AED 12,000 to AED 19,000 a year.

Who it suits

The development is apartments in 1 to 2 bedroom layouts.

What is on site

Shared facilities recorded for West 5 Tower lead with beach club, basement parking, ballroom and balcony, alongside the security and barbecue area that most Dubai developments carry.

Frequently asked