
Ellington · Business Bay
The Quayside Golden Visa
Three of Five Unit Types Clear the Threshold Alone
The 2 bedroom + maid's room apartments, 3 bedroom apartments and penthouse at The Quayside start above the AED 2M ≈ USD 545K Golden Visa threshold; the studio and 1 bedroom start below it. See which units qualify, how the 70/30 plan shapes application timing, and what to confirm now that the original Q1 2026 handover schedule has passed.
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Eligibility Snapshot
The Quayside Golden Visa Facts
The Quayside is one residential tower of 118 residences by Ellington Properties, placed by the developer on the Dubai Water Canal edge of Business Bay and described in RERA's report as G + 3P + 16F (a ground floor, three podium levels and 16 residential floors). The Dubai Land Department register lists it as project 2815, registered on 16 November 2023, with construction recorded as started on 15 September 2023 and progress of 54.57% recorded on 9 June 2026, when RERA's inspection found enabling and foundation works complete and the structure, external envelope, internal works, finishes and MEP progressing at different stages. The same record carries a registered completion date of 31 March 2026, which has passed. For residency planning the tower divides in two: the 2 Bedroom + Maid's Room Apartments from AED 3.63M ≈ USD 988K, the 3 Bedroom Apartments from AED 4.66M ≈ USD 1.27M and the 5 Bedroom Penthouse from AED 35.00M ≈ USD 9.53M each start above the AED 2M ≈ USD 545K minimum property value applied under the UAE Golden Visa program, subject to the rules in force when you apply, while the Studio from AED 1.45M ≈ USD 395K and the 1 Bedroom Apartments from AED 1.73M ≈ USD 470K start below it. Oqood registration converts to a title deed at handover, and with the original Q1 2026 handover schedule now passed, that date is one to confirm with Ellington.
AED 2M ≈ USD 545K
AED 1.45M ≈ USD 395K
2 Bedroom + Maid's Room Apartments, from AED 3.63M ≈ USD 988K
Freehold, open to all nationalities
Oqood now, Title Deed at handover; original schedule: Q1 2026 (passed)
Ellington
Data as of October 2026, based on the Dubai Land Department project register (reading recorded on 9 June 2026), RERA's inspection report of the same date and current Ellington pricing. Figures are updated quarterly.
Unit by Unit
Which Apartments at The Quayside Meet the AED 2M Threshold
The Quayside is a split case for residency planning, and the line falls cleanly between the smaller and the larger layouts. The 2 Bedroom + Maid's Room Apartments, the 3 Bedroom Apartments and the 5 Bedroom Penthouse each clear the AED 2M ≈ USD 545K line on their starting prices alone. The Studio, from AED 1.45M ≈ USD 395K, sits AED 550K ≈ USD 150K short of it, and the 1 Bedroom Apartments, from AED 1.73M ≈ USD 470K, sit AED 270K ≈ USD 74K short, so a buyer who wants the visa from a single purchase in this tower is choosing among the three larger types.
| Unit Type | Size Range | Starting Price | Qualifies Alone |
|---|---|---|---|
| Studio | 542 sq ft (50 sq m) | AED 1.45M ≈ USD 395K | No |
| 1 Bedroom Apartments | 758 to 986 sq ft (70 to 92 sq m) | AED 1.73M ≈ USD 470K | No |
| 2 Bedroom + Maid's Room Apartments | 1,420 to 1,567 sq ft (132 to 146 sq m) | AED 3.63M ≈ USD 988K | Yes |
| 3 Bedroom Apartments | 1,739 sq ft (162 sq m) | AED 4.66M ≈ USD 1.27M | Yes |
| 5 Bedroom Penthouse | 10,004 sq ft (929 sq m) | AED 35.00M ≈ USD 9.53M | Yes |
| Three of the five unit types at The Quayside qualify individually at their starting prices. The Studio and the 1 Bedroom Apartments do not reach the threshold on their own. | |||
Why this matters: eligibility is assessed on the registered purchase value of the specific unit, so the price written into your Oqood, and later your title deed, is the figure that counts rather than the starting price shown here. A 2 Bedroom + Maid's Room apartment bought at AED 3.63M ≈ USD 988K sits well above the threshold during construction, but a negotiated or resale price landing below AED 2M ≈ USD 545K would not qualify on its own, so confirm the contract value of your unit before applying.
Payment Plan and Timing
When Off-Plan Buyers at The Quayside Can Apply
The Quayside sells on Ellington's 70/30 plan: 20% at booking (plus the 4% DLD registration fee), four instalments set by your reservation date (10% at 30 days, 10% at 90 days, 5% at 150 days and 5% at 240 days), four construction-linked instalments of 5% each on completion of 30%, 40%, 50% and 60% of construction, and 30% on completion. For an off-plan application the usual evidence is the Oqood registration issued after booking, plus proof that the contract value qualifies and that whatever paid-value condition the Dubai Land Department and the residency authorities apply on the day of application has been met.
My read on the timing: the plan is front-loaded, with 50% of the price falling due within 240 days of reservation and the rest of the construction instalments tied to the build, so an application during construction is realistic for many buyers of the three qualifying types once the applicable paid-value condition is satisfied. At the DLD register reading of 54.57% on 9 June 2026, the 30%, 40% and 50% construction milestones had been passed on the register and the 60% milestone had not; the developer's own construction confirmation still decides when each instalment is called. As an example only, a buyer who reserved more than 240 days before that reading would have had 65% of the price fall due, if Ellington called those milestones in line with the register. The other route is to wait for the title deed issued at completion, a simpler file resting on registered ownership, but it needs a date: the original Q1 2026 handover schedule has passed and construction was continuing at the June 2026 inspection, so confirm the current expected handover date with Ellington in writing and check it against the completion clause in your SPA before committing. Off-plan requirements are revised from time to time, so check the paid-value condition in force before submitting.
VIP processing, zero service fee: for buyers who purchase through me, the full application service, document preparation, submission, and status follow-up, is included free. You pay only the official government fees published by the issuing authorities.
The Project
Ten Years of Residency, One Canal-Side Business Bay Tower
A ten-year residency deserves a home you would choose anyway. The full guide to The Quayside covers what a qualifying purchase actually buys: five layouts from studio to penthouse, current pricing, the canal-facing podium amenity deck, and the Business Bay setting around the tower.

The Quayside: Canal-Side Ellington Tower With 118 Residences in Business Bay
The Quayside by Ellington features 118 residences in Business Bay, from studios and apartments to an exclusive 5-bedroom penthouse.
View The Quayside Project GuideGolden Visa Guides
Requirements, Process, and Benefits in Full
The rules of the Golden Visa program are the same for every Dubai property, so they live in the dedicated guides below rather than being repeated here.
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 requirements guideApplying 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 application guideGolden 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 benefits guideInsights
Golden Visa Buyer Insights for The Quayside
Choosing a qualifying layout at The Quayside is only the first check. Buyers planning residency should follow the DLD register record toward completion and the title deed, and confirm that every instalment lands in the project's escrow account. The resources below cover both.

The Quayside Golden Visa Guide
This page: the three unit types at The Quayside that clear AED 2M ≈ USD 545K, the two that do not, and the application windows.

The Quayside Construction Updates
Follow the DLD register record for project 2815, including the 54.57% reading of 9 June 2026, on the path from Oqood to title deed.
View The Quayside Construction Updates
The Quayside Escrow Account at ADCB, DLD Project 2815
The Quayside by Ellington, DLD project 2815, holds its escrow account at ADCB for 118 residences in Business Bay.
Verify The Quayside Escrow AccountStructure
Business Bay and Ellington Behind Your Golden Visa Purchase
A qualifying apartment keeps its value through the district and the developer behind it. Compare The Quayside with other Business Bay listings, read the community guide, and review Ellington's profile before you finalise a Golden Visa purchase.

Business Bay Properties for Sale
Compare apartments and penthouses across Business Bay, with prices that show which listings reach the Golden Visa threshold.
See Business Bay Properties for Sale
About Business Bay Master Community
Read how Business Bay works as a place to live, from the Dubai Water Canal edge to its links with Downtown Dubai.
Explore the Business Bay Community
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 ProfileFAQs
The Quayside Golden Visa Frequently Asked Questions
Three of the five. The 2 Bedroom + Maid's Room Apartments start at AED 3.63M ≈ USD 988K, the 3 Bedroom Apartments at AED 4.66M ≈ USD 1.27M and the 5 Bedroom Penthouse at AED 35.00M ≈ USD 9.53M, all above the AED 2M ≈ USD 545K minimum. The Studio, from AED 1.45M ≈ USD 395K, and the 1 Bedroom Apartments, from AED 1.73M ≈ USD 470K, start below it and do not qualify on their own. Eligibility follows the registered value of the specific unit, and the full criteria are covered in the Golden Visa requirements guide.
Off-plan applications usually rest on the Oqood registration of the purchase, plus proof that the contract value qualifies and that any paid-value condition applied on the day of application has been met. The alternative is to wait for the title deed issued at handover. The original Q1 2026 handover schedule for The Quayside has passed and construction was continuing at the 9 June 2026 inspection, so anyone planning on the title-deed route should confirm the current expected handover date with Ellington in writing and check the completion clause in the SPA. The steps are explained in the off-plan Golden Visa guide.
The plan is 20% at booking plus the 4% DLD registration fee, four instalments tied to the reservation date (10% at 30 days, 10% at 90 days, 5% at 150 days and 5% at 240 days), 5% at each of the 30%, 40%, 50% and 60% construction milestones, and 30% on completion. The fee is paid to the Dubai Land Department on top of the price and is not part of the purchase value assessed for the visa. Because 70% of the price falls due before completion, many buyers reach the commonly applied paid-value conditions during construction; exactly when depends on each buyer's reservation date and the milestones the developer has called, so confirm the current conditions before submitting.
On the ownership side, yes. The Quayside is freehold and open to all nationalities, and each purchase is registered with the Dubai Land Department, first as Oqood and later as a title deed, which is the form of ownership property-based applications rely on. The value condition still applies unit by unit. Buyer instalments are paid into the project's DLD-registered escrow account with Abu Dhabi Commercial Bank (ADCB), explained on The Quayside escrow account page.
No. For buyers who purchase through this advisory, the VIP application service, covering document preparation, submission, and status follow-up, is included at no charge. Only the official government fees apply, as published by the issuing authorities at the time of application.
No. A qualifying purchase makes the owner eligible to apply; approval rests with the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) and depends on meeting every requirement in force when the application is made, including verification of ownership and the standard security checks. Construction status is tracked on The Quayside construction updates page.
Mortgaged property has been accepted under the rules commonly applied, typically with a letter from the lending bank, but these conditions are updated from time to time. For an off-plan unit at The Quayside, check with the lender and with Ellington how any financing fits the payment plan, and confirm the requirement in force before applying.
Joint ownership is commonly assessed on each owner's share of the registered value, with separate provisions for spouses, and these conditions are updated from time to time. Whether a jointly held 2 Bedroom + Maid's Room, 3 Bedroom or penthouse unit at The Quayside supports one application or more depends on how the ownership is split and on the rules in force when you apply, so settle the share structure before the Oqood is registered.
A property Golden Visa commonly allows the holder to sponsor a spouse and children, subject to age, relationship and documentation conditions set by the authorities and updated from time to time. The purchase at The Quayside still has to qualify on its own value first, which on current starting prices means one of the three larger unit types.
The program's current term is 10 years, renewable while the qualifying conditions continue to be met. Because the visa rests on the property, selling the unit or reducing the holding below the qualifying value commonly affects renewal and can affect the visa itself, so check the rules in force before any sale or transfer of a unit at The Quayside.

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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