The Crestmark by Ellington in Business Bay Golden Visa concept graphic featuring a gold card over a furnished balcony with views of nearby towers and water in Dubai - Presented by Tohid Fetrat

Ellington · Business Bay

The Crestmark Golden Visa

Where the AED 2M Line Falls, Unit Type by Unit Type

The 1 Bedroom Apartments start level with the AED 2M ≈ USD 545K threshold for the Golden Visa and every larger unit type sits above it, while the Studio, from AED 1.57M ≈ USD 428K, sits under it. See which units qualify, how the 70/30 plan shapes application timing, and why the title deed date needs confirming now that the original Q1 2026 handover schedule has passed.

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AED 1.57M ≈ USD 428KStarting Price
AED 2M ≈ USD 545KGolden Visa Threshold
61.18%DLD Register Reading
Q1 2026 (passed)Original Handover Schedule

Eligibility Snapshot

The Crestmark Golden Visa Facts

The Crestmark is a 189-residence tower by Ellington in Business Bay, set on the Dubai Water Canal and freehold as stated by the developer. The Dubai Land Department registered it as project 2832 on 8 November 2023, with construction recorded as started on 26 September 2023; the RERA progress report describes a G+3P+18F residential building with the main contract progressing, and the Dubai Land Department project register recorded 61.18% on 7 August 2026. For residency planning the price list splits at the line: the Studio, from AED 1.57M ≈ USD 428K, sits below the AED 2M ≈ USD 545K property value that the UAE Golden Visa route currently requires, the 1 Bedroom Apartments start exactly at it, and the 2 Bedroom Apartments, 3 Bedroom Apartments and both penthouse types start above it, subject to the rules in force on the day you apply. The original Q1 2026 handover schedule has passed, so the point at which Oqood registration gives way to a title deed should be confirmed with Ellington and checked in your SPA.

Golden Visa Threshold

AED 2M ≈ USD 545K

The Crestmark Starting Price

AED 1.57M ≈ USD 428K

Lowest Qualifying Unit

1 Bedroom Apartment, from AED 2.00M ≈ USD 545K

Ownership

Freehold, open to all nationalities

Registration Type

Oqood now, Title Deed after completion

Developer

Ellington

Data as of August 2026, from the Dubai Land Department project register for project 2832 (reading recorded on 7 August 2026), the RERA progress report for the same inspection, and current prices for The Crestmark. Figures are refreshed quarterly.

Unit by Unit

Which Crestmark Residences Meet the AED 2M Threshold

At The Crestmark the Golden Visa line runs through the price list rather than under it. The Studio is the entry point to the building but does not reach the threshold on its own, the 1 Bedroom Apartments start level with it, and from the 2 Bedroom Apartments upward every unit type clears it with room to spare at the starting price. For a buyer whose priority is residency, the unit type is therefore the first eligibility decision, made before floor, view or payment timing come into it.

Unit TypeSize RangeStarting PriceQualifies Alone
Studio493 to 538 sq ft (46 to 50 sq m)AED 1.57M ≈ USD 428KNo
1 Bedroom Apartments747 to 1,074 sq ft (69 to 100 sq m)AED 2.00M ≈ USD 545KYes
2 Bedroom Apartments1,046 to 1,584 sq ft (97 to 147 sq m)AED 3.25M ≈ USD 885KYes
3 Bedroom Apartments1,593 to 3,080 sq ft (148 to 286 sq m)AED 5.00M ≈ USD 1.36MYes
3 Bedroom Penthouse2,743 sq ft (255 sq m)AED 23.00M ≈ USD 6.26MYes
4 Bedroom Penthouses5,448 to 6,105 sq ft (506 to 567 sq m)AED 30.00M ≈ USD 8.17MYes
Five of the six unit types reach AED 2M ≈ USD 545K on their starting price. The Studio does not qualify on its own.
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Why this matters: the value assessed is the purchase price recorded on the Oqood or title deed, and it must be at least AED 2M ≈ USD 545K. A 1 Bedroom Apartment bought at the AED 2.00M ≈ USD 545K starting price meets that with no margin at all, so any discount or lower-priced 1 bedroom unit falls below it. Resale Studios, or any secondary unit recorded below the threshold, cannot qualify alone either; check the recorded value of your specific unit before applying.

Payment Plan and Timing

Golden Visa Timing on The Crestmark 70/30 Plan

The Crestmark is sold on Ellington's 70/30 plan: 20% at booking (plus the 4% DLD registration fee), 10% at 30 days and 10% at 90 days after the reservation date, 5% at 150 days and 5% at 240 days, four further 5% instalments on completion of 30%, 40%, 50% and 60% construction of the project, and 30% on completion. As of the DLD register reading of 61.18% recorded on 7 August 2026, all four construction-linked instalments had been triggered, and the developer confirms when each falls due under each SPA. As an illustration only, on a 1 Bedroom Apartment at its starting price the booking payment is AED 400,000 ≈ USD 109K, each 10% instalment AED 200,000 ≈ USD 54.5K, each 5% instalment AED 100,000 ≈ USD 27.2K and the completion payment AED 600,000 ≈ USD 163K.

My read on the timing: the plan front-loads half the price into the 240 days after reservation, and for a buyer who reserved more than 240 days before the August 2026 reading, 70% would have fallen due by then. That matters because off-plan applications typically rest on the Oqood-registered contract once the paid-value conditions commonly applied by the authorities are met, so the first window can open well before completion. Buyers entering now should ask Ellington how the schedule applies at signing. The second window is the title deed issued after completion, the simplest file for an investor with no urgency, but the original Q1 2026 handover schedule has passed, so the timing of the title deed must be confirmed with Ellington and checked in the SPA. Off-plan conditions are updated from time to time, so check the version in force before submitting.

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VIP processing, no service fee: buyers who purchase at The Crestmark through me receive the whole application service free, from document preparation and submission to status follow-up. The service is free; the official government fees apply at the rates the issuing authorities publish.

Read the Off-Plan Property Golden Visa Guide for Dubai

The Project

The Canal-Side Tower Your Residency Rests On

A ten-year residency is only as comfortable as the home attached to it. The Crestmark project guide sets out what a qualifying purchase buys in Business Bay: layouts from studio to penthouse, current prices, the amenity levels, and the canal-side setting Ellington describes.

The Crestmark by Ellington in Business Bay project rendering of a glass-fronted residential tower beside a reflecting waterfront at dusk in Dubai - Presented by Tohid Fetrat

The Crestmark: Canal-Side Ellington Tower With Business Bay Marina Views

The Crestmark is an Ellington tower of 189 residences on the Dubai Water Canal in Business Bay, from studios to penthouses.

View The Crestmark Project Guide

Golden Visa Guides

Golden Visa Requirements, Application and Benefits Guides

Program rules apply to every qualifying Dubai property in the same way, so this page keeps to what is specific to The Crestmark and leaves the general rules to the three guides below.

Golden Visa Requirements: AED 2M in Real Estate Registered in Your Name

Golden Visa requirements for property investors: real estate worth at least AED 2M, ownership proof, mortgages, off-plan rules and documents.

Read the Dubai Golden Visa requirements guide

Applying for the Golden Visa in Seven Steps, From Purchase to Approval

For a property investor, the seven steps run from the purchase to the visa, usually within weeks of ownership being confirmed.

Read the UAE Golden Visa application guide

Golden Visa Benefits: Residency, Family Sponsorship and Long Periods Abroad

Golden Visa benefits: residency without an employer, long periods abroad without losing status and the right to sponsor your family.

Read the Dubai Golden Visa benefits guide

Insights

Project Insights for The Crestmark Buyers

Reaching the threshold is one part of a Golden Visa purchase at The Crestmark. The others are following dated construction readings toward completion and the title deed, checking that every instalment goes into the project escrow account, and planning an independent inspection for when Ellington issues the handover notice.

The Crestmark by Ellington in Business Bay Golden Visa concept graphic featuring a gold card over a furnished balcony with views of nearby towers and water in Dubai - Presented by Tohid Fetrat
You Are Here

The Crestmark Golden Visa Guide

This page: which Crestmark unit types reach AED 2M ≈ USD 545K and how the 70/30 plan shapes application timing.

The Crestmark by Ellington in Business Bay construction updates cover image featuring a project rendering of a glass-fronted residential tower shown in two views in Dubai - Presented by Tohid Fetrat

The Crestmark Construction Updates

Follow the dated DLD register readings and RERA inspection notes that lead toward completion and the title deed.

View The Crestmark Construction Updates
The Crestmark by Ellington in Business Bay escrow account concept graphic with a shield and padlock over a rendered podium swimming pool and landscaped terraces in Dubai - Presented by Tohid Fetrat

The Crestmark Escrow Account With Commercial Bank of Dubai

The Crestmark read 61.18% in August 2026; DLD project 2832 escrows its 189 residences at Commercial Bank of Dubai for Ellington.

Verify The Crestmark Escrow Account
The Crestmark by Ellington in Business Bay snagging inspection concept graphic showing a rendered fitted kitchen, island counter and inspection emblem in Dubai - Presented by Tohid Fetrat

The Crestmark Snagging Inspection

Plan an independent inspection of your residence for when Ellington issues the handover notice, and record defects before accepting the keys.

Read The Crestmark Snagging Inspection Guide

Structure

Explore the Business Bay Structure Around The Crestmark

The long-term value of a qualifying residence also depends on the district around it. Compare The Crestmark with other Business Bay listings, see how the master community is laid out along the Dubai Water Canal, and review Ellington's developer profile before committing to a Golden Visa purchase.

Business Bay properties for sale featuring modern residential towers and premium Dubai skyline views Captured by Tohid Fetrat.

Business Bay Properties for Sale

Apartments and penthouses across Business Bay, with prices that show which listings reach the Golden Visa threshold.

See Business Bay Properties for Sale
Business Bay skyline view featuring Opus Tower Bugatti Residences by Binghatti The Binary by Omniyat and Ahad Tower with modern high rise architecture and urban city streets captured by Tohid Fetrat.

About Business Bay Master Community

How Business Bay is laid out along the Dubai Water Canal, with its mix of residential towers, offices and daily amenities.

Explore the Business Bay Master Community
Exterior view of Ocean House by Ellington featuring sculptural architecture, curved balconies, lush landscaping and luxury waterfront residences in Dubai Presented by Tohid Fetrat

Ellington Properties: Design-Led Boutique Residences With Curated Interiors

Ellington Properties, founded in 2014, is a design-led developer of apartments, villas and waterfront homes, with 30 developments launched and delivered.

View the Ellington Developer Profile

FAQs

The Crestmark Golden Visa Frequently Asked Questions

Five of the six unit types reach it on their starting price. The 1 Bedroom Apartments start at AED 2.00M ≈ USD 545K, exactly level with the AED 2M ≈ USD 545K threshold, while the 2 Bedroom Apartments from AED 3.25M ≈ USD 885K, the 3 Bedroom Apartments from AED 5.00M ≈ USD 1.36M, the 3 Bedroom Penthouse from AED 23.00M ≈ USD 6.26M and the 4 Bedroom Penthouses from AED 30.00M ≈ USD 8.17M sit above it. The Studio, from AED 1.57M ≈ USD 428K, is below the threshold and does not qualify on its own. For any unit, the figure assessed is the purchase price recorded for that unit under the rules in force at the time of application. The full criteria are set out in the Dubai Golden Visa requirements guide.

Ownership at The Crestmark is freehold, as stated by the developer, and open to all nationalities, and during construction each purchase is recorded on the Oqood register. Off-plan applications are typically supported by that Oqood registration, alongside evidence that the purchase reaches the qualifying value and satisfies any paid-value condition the authorities apply when the file is submitted. The alternative is to apply on the title deed issued after completion. The Crestmark was originally scheduled for handover in Q1 2026 and that quarter has passed, so the timing of the title deed should be confirmed with Ellington and checked in the SPA. The off-plan route is explained in the off-plan property Golden Visa guide.

The plan takes 20% at booking plus the 4% DLD registration fee, then 10% at 30 days, 10% at 90 days, 5% at 150 days and 5% at 240 days after the reservation date, four 5% instalments on completion of 30%, 40%, 50% and 60% construction of the project, and 30% on completion. The fee is paid to the Dubai Land Department and is not part of the purchase price assessed for the visa. All four construction-linked instalments had been triggered as of the DLD register reading of 61.18% recorded on 7 August 2026, and the developer confirms when each falls due under each SPA. Because half the price is scheduled within 240 days of reservation, the paid-value conditions commonly applied to off-plan applications can be reached early in the ownership, subject to the conditions in force when you apply.

Financed purchases are commonly considered for property-based Golden Visa applications, with the authorities typically looking at the property value and at documentation from the lending bank, under conditions that are updated from time to time. The unit itself still has to carry a recorded value of at least AED 2M ≈ USD 545K, which at The Crestmark points to the 1 Bedroom Apartments and larger types. Financing for an apartment still under construction depends on the lender's own criteria, so confirm both the lender's terms and the visa conditions in force before relying on a mortgage for eligibility.

Joint ownership is commonly assessed share by share, so each owner's portion of the recorded purchase price generally needs to reach AED 2M ≈ USD 545K under the conditions in force at the time of application. At The Crestmark's starting prices, an equal two-way split reaches that level only from the 3 Bedroom Apartments upward, where each owner's half of a unit at AED 5.00M ≈ USD 1.36M stays above the threshold, and the penthouses leave more room. The treatment of spouses or relatives who buy together can differ, so confirm the current rule before structuring a joint purchase.

The property Golden Visa commonly allows the holder to sponsor a spouse and children, with the eligible family categories and documents set by the authorities at the time of application. At The Crestmark the qualifying unit types run from 1 bedroom apartments to 4 bedroom penthouses, so a family planning to live in the residence can match the visa route to the space it needs. Sponsorship rules are covered in the Dubai Golden Visa benefits guide.

The program's current term is 10 years and renewable, with renewal commonly tied to still holding qualifying property under the rules in force at the time of renewal. Selling a qualifying Crestmark unit, or reducing a holding below the threshold, can affect renewal, so ownership plans and residency plans for The Crestmark are best considered together.

No service fee is charged. Buyers who purchase at The Crestmark through this advisory receive the VIP Golden Visa application service free, from document preparation to submission and status follow-up. Government fees still apply and are paid at the rates the issuing authorities publish when the application is made.

No. A purchase at the qualifying value makes an application possible, but the decision rests with the UAE residency authorities (ICP) and depends on every requirement in force when the application is made, from verification of ownership to standard checks. The Studio does not reach the threshold on its own. Progress toward completion and the title deed is tracked on The Crestmark construction updates page.

Portrait of Tohid Fetrat, Dubai real estate advisor and portfolio manager with expertise in luxury developments

Your Advisor

Tohid Fetrat

Independent of the developer: I work for the buyer, and my only job on this page is making sure the property you buy actually qualifies before you commit, with the VIP visa application service included free for my buyers. Client identities and transactions are never published or referenced. Message or call me directly: you will always reach me personally, never a call center or sales team.

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