The Crestmark by Ellington

The Crestmark is a residential tower by Ellington Properties in Business Bay, Dubai, with 189 residences ranging from studios and 1, 2 and 3 bedroom apartments to 3 and 4 bedroom penthouses. The developer sets it on the Dubai Water Canal with views of Business Bay Marina, across a ground floor, three podium levels and 18 residential floors, with the main amenity deck on the fourth floor. The building is under construction.

Per the developer's location guide, The Crestmark is about 2 minutes' drive from Business Bay Marina, about 5 minutes from The Dubai Mall and Burj Khalifa, about 14 minutes from Dubai International Financial Centre (DIFC) and Dubai International Airport (DXB), about 15 minutes from Mall of the Emirates and about 20 minutes from Palm Jumeirah. Business Bay Metro Station is about 5 minutes' drive away. All times are approximate driving times.

Studios measure 493 to 538 sq ft (46 to 50 sq m), 1 Bedroom Apartments 747 to 1,074 sq ft (69 to 100 sq m), 2 Bedroom Apartments 1,046 to 1,584 sq ft (97 to 147 sq m) and 3 Bedroom Apartments 1,593 to 3,080 sq ft (148 to 286 sq m). Above them sit the 3 Bedroom Penthouse at 2,743 sq ft (255 sq m) and the 4 Bedroom Penthouses at 5,448 to 6,105 sq ft (506 to 567 sq m). According to the developer, premium apartments and penthouses add balconies with a plunge whirlpool and outdoor bar, separate show and preparation kitchens, a dedicated office and a master suite with a TV lounge.

Prices start from AED 1.57M ≈ USD 428K for a Studio. 1 Bedroom Apartments start from AED 2.00M ≈ USD 545K, 2 Bedroom Apartments from AED 3.25M ≈ USD 885K and 3 Bedroom Apartments from AED 5.00M ≈ USD 1.36M. The 3 Bedroom Penthouse is priced from AED 23.00M ≈ USD 6.26M and the 4 Bedroom Penthouses from AED 30.00M ≈ USD 8.17M. The final price depends on the unit, floor and view, and the developer controls releases and can revise its price list between them.

The Crestmark's original handover schedule was Q1 2026, and that quarter has passed. The building is still under construction, so buyers should confirm the current expected handover date with Ellington in writing and check the completion clause in their SPA before committing. Dated progress from the Dubai Land Department register is tracked in The Crestmark construction updates guide.

Under the developer's plan, 20% is paid at the time of booking, 10% 30 days after the reservation date, 10% 90 days after it, 5% at 150 days and 5% at 240 days. Four further instalments of 5% each are tied by the developer to stages of construction (the 1st to 4th construction milestones), and the remaining 30% is due on completion. Buyers entering now settle whatever is already due under the developer's current terms at signing, so the applicable schedule should be confirmed with Ellington.

The developer's fourth-floor amenity level includes a leisure and lounge pool with a Baja shelf, an infinity pool area, cabanas, a kids' pool, a mini bowling alley, an arcade room, a secret club room with a bar and kitchenette, a fitness studio with a treadwall and functional training zone, male and female changing rooms with steam, sauna and shower, indoor and outdoor yoga areas, a zen room, a wellness studio, a barbeque area and an outdoor kids' play area. The ground floor holds Kidtropolis World, an indoor mini-city play space for children, a lobby lounge with a library and co-working hub desk, bicycle parking with a wash area and access to the canal boardwalk.

Buyers pay the 4% DLD registration fee at booking alongside the down payment; it is paid to the Dubai Land Department, not into escrow, and on the starting price of AED 1,570,000 it comes to AED 62,800 ≈ USD 17.1K. The service charge is anticipated at AED 18 per sq ft, per the developer, so the actual charge can differ once the building is operating. Parking, per the developer, is one space for studios and 1 and 2 bedroom apartments and two spaces for 3 bedroom apartments.

Yes. The Crestmark is freehold, as stated by the developer, and units are open to buyers of all nationalities, whether or not they live in the UAE. Off-plan purchases are recorded on the Oqood register during construction, and the title deed is issued after completion.

The 10-year UAE Golden Visa property route requires an investment of at least AED 2M ≈ USD 545K. At The Crestmark the Studio, from AED 1.57M ≈ USD 428K, sits below that threshold. The 1 Bedroom Apartments start at exactly AED 2.00M, so a unit bought at the starting price meets it with no margin: the value that counts is the price recorded on the Oqood or title deed, which must be at least AED 2M, and any discount or lower-priced unit falls below. The 2 Bedroom Apartments and larger homes start above the threshold. Approval rests with the UAE authorities (ICP) and is never guaranteed; eligibility and timing are covered in detail in The Crestmark Golden Visa guide.

Instalments for The Crestmark are paid into the project's DLD-registered escrow account held with Commercial Bank of Dubai and are released to the developer only against verified construction progress, a framework regulated by the Dubai Land Department. How to verify the account and how releases work are covered in The Crestmark escrow account guide.

Yes. The full process, from reservation and SPA signing to DLD registration, can be completed remotely, and I manage it end to end with the developer on your behalf. Each stage of the remote purchase is documented in my Dubai real estate guide library.