New homes in Urban Life start at AED 1,000,000; the keys were due Jun 2026; you pay 10% to book, 35% while it is built and 55% at the keys.
In the 24 months to Oct 19, 2026, Dubai Land Department recorded 33 off-plan sales of studio apartments of 276 sq ft to 931 sq ft in Urban Life. Their median price is AED 2,403 per sq ft (about AED 1,005,000 at 418 sq ft). This project's from price is AED 2,392 per sq ft (AED 1,000,000 for its smallest home, 418 sq ft), about the same.
Keys
Jun 2026
The developer's handover date. It has passed and may be out of date, so ask us for the current one.
Payment plan
10 / 35 / 55
10% to book, 35% while it is built, 55% at the keys
Bedrooms
Studio to 2 beds
Sizes
418 to 1,761 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 2,392 per sq ft
Similar off-plan homes: AED 2,403 per sq ft
RERA project
3041
Check it in Dubai REST, the Dubai Land Department's official app.
Built
17%
Being built. DLD register, Jun 12, 2026
Completion on the register
Jun 2026
DLD shows only the current date, so we can't tell whether it has moved before.
Escrow account
مصرف الشارقه الاسلامى
The bank that holds your payments
Registered homes
147
In 1 buildings
Paying for it
You pay 10% when you book, 35% as the building goes up, and 55% when you get the keys.
AED
When
Stage
Share
Amount
When you book
Booking
10%
AED 100,000
As it is built
While it is built
35%
AED 350,000
At the keys (Jun 2026)
Keys
55%
AED 550,000
Booking payment, 10%
AED 100,000
Dubai Land Department fee (Oqood), 4%
AED 40,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 140,000
The handover date (Jun 2026) is too close or already past to estimate the dates. Ask us for the developer's current schedule.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Buildings in this area paid a median of AED 30 per sq ft a year in 2024, from 36 buildings on the Dubai Land Department register. For the smallest home (418 sq ft) that is about AED 13,000 a year.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 33 off-plan sales of studio apartments of 276 sq ft to 931 sq ft in Urban Life, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Fewer than 30 similar homes in Urban Life sold in 12 months, so we looked at 24 months.
Dubai Land Department recorded 33 off-plan sales of studio apartments of 276 sq ft to 931 sq ft in Urban Life, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 2,403 per sq ft
AED 2,124 to AED 2,238 per sq ft
3 sales
AED 2,238 to AED 2,353 per sq ft
10 sales
AED 2,353 to AED 2,467 per sq ft
7 sales
This project's from price is in this band.
AED 2,467 to AED 2,581 per sq ft
2 sales
AED 2,581 to AED 2,695 per sq ft
5 sales
AED 2,695 to AED 2,810 per sq ft
2 sales
AED 2,810 to AED 2,924 per sq ft
2 sales
AED 2,924 to AED 3,038 per sq ft
2 sales
AED 2,124 per sq ftAED 3,038 per sq ft
This project AED 2,392 per sq ft
Half of the sales sold for AED 2,282 to AED 2,647 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 2,124 to AED 2,238 per sq ft
3
AED 2,238 to AED 2,353 per sq ft
10
AED 2,353 to AED 2,467 per sq ft
7
AED 2,467 to AED 2,581 per sq ft
2
AED 2,581 to AED 2,695 per sq ft
5
AED 2,695 to AED 2,810 per sq ft
2
AED 2,810 to AED 2,924 per sq ft
2
AED 2,924 to AED 3,038 per sq ft
2
The 3 closest sales
Picked from the 33 similar sales above, closest in size to this project's smallest home.
Aug 2025AED 938,571AED 2,274 per sq ftUrban Life, 413 sq ft
May 2025AED 941,899AED 2,282 per sq ftUrban Life, 413 sq ft
Aug 2025AED 958,819AED 2,330 per sq ftUrban Life, 412 sq ft
Sale prices from Dubai Land Department, Oct 20, 2024 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Business Bay in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
Studio apartmentFrom AED 1,000,000 here
Off-plan medianAED 1,204,000AED 2,667 per sq ft
Sales868
In line with 33 similar sales
1-bed apartment
Off-plan medianAED 2,291,000AED 2,671 per sq ft
Sales1,749
2-bed apartment
Off-plan medianAED 3,570,000AED 2,691 per sq ft
Sales953
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
7.3%
Typical for similar ready homes
7.4%
Median rent of studio apartments in Business Bay
AED 73,000 a year
Rent contracts counted
2,745
Rented between
Apr 1, 2025 and Mar 31, 2026
Studio apartment
AED 73,000 a year
1-bed apartment
AED 98,000 a year
2-bed apartment
AED 140,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 73,000 ÷ AED 1,000,000 = 7.3%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Business Bay Metro Station1.5 km, 4 min driveMetro station
Mercato Beach4.4 km, 11 min driveBeach
Business Bay creek front250 m, 4 min walkWaterfront
GEMS Our Indian School1.8 km, 5 min driveSchool
Horizon English School2.4 km, 6 min driveBritish school
Dubai International School1.8 km, 6 min driveAmerican school
Hartland International School3.1 km, 11 min driveIB school
JSS School2.3 km, 7 min driveIndian school
Bay Avenue Mall1.1 km, 18 min walkMall
Nexx Home Healthcare Services1.3 km, 3 min driveHospital
Urban Life is a 19-storey Urban Properties Development (UPD) building in Business Bay with studio to 2-bedroom apartments from AED 1,000,000 and a listed handover of June 2026. That date has passed and 55% of the price is due at handover, so ask the developer for the current status and the completion certificate before you pay.
The plan is 10% on booking, 35% during construction and 55% at handover. At the from price that is AED 100,000, AED 350,000 and AED 550,000, so AED 450,000 is paid before handover. The listed handover is June 2026, which has passed, so the date may be out of date; ask when handover is now expected and when the 35% construction payment falls due. Separately, the 4% DLD fee comes to AED 40,000; ask when it is due.
The from price is in line with 33 similar studio sales in this project (24 months to October 2026). Ask which unit and floor the from price applies to.
The listing gives studio to 2-bedroom apartments from 418 to 1,761 sq ft. The developer lists about 418 sq ft for a studio, 791 sq ft for one bedroom and 1,572 sq ft for two. The podium has a swimming pool, and there are gyms, landscaped leisure areas, a building lobby and a children's play area. The developer describes views of the Dubai skyline, so check the view from your floor.
The Business Bay creek front is about 270 m away, around 4 minutes on foot, and The Life Odyssey Poly Clinic about 350 m. Business Bay Metro Station is about 1.5 km away, around 4 minutes by car. GEMS Our Indian School and Dubai International School are each about 1.8 km away, and Horizon English School about 2.4 km.
