YOUR GUIDE TO SMARTER, HIGHER-EARNING PROPERTY MANAGEMENT
AG Tower, Business Bay
A 29-storey residential tower by Arabian Gulf Properties on Marasi Drive in Business Bay: 437 studio to three-bedroom apartments with Dubai Water Canal views, and what owners should know about running one as a short-term rental.
Floors
29
Developer
Arabian Gulf Properties
Unit Types
Studio-3BR
Completed
~2020-2021
Units
437
About AG Tower
AG Tower is a 29-storey residential tower by Arabian Gulf Properties on Marasi Drive in Business Bay, holding 437 apartments from studios to three bedrooms with views over the Dubai Water Canal and the surrounding skyline. The project was originally estimated for a March 2020 handover, with propsearch.ae recording actual completion closer to June 2021, so this guide presents that window honestly rather than picking a single year.
Arabian Gulf Properties, the developer, has built several other freehold residential projects across Dubai, including Edison House and Park Villas in Jumeirah Village Circle. One distinction worth making clearly: AG Tower is not related to the nearby Ubora Towers, a separate mixed-use complex in Business Bay built by a different developer, Bando Engineering & Construction. AG Tower is a single, purely residential building, while Ubora Tower 1 includes a substantial commercial office component alongside its own residential tower.
Location & Nearby Landmarks
AG Tower's Marasi Drive address sits close to Ras Al Khor Road and Sheikh Zayed Road, with Bay Avenue Park, Executive Towers and the Dubai Water Canal all within walking distance, and Downtown Dubai, Dubai Mall and the Burj Khalifa a short drive north. For a full picture of Airbnb management across the area, see Royale Stays' area guide to Airbnb property management in Business Bay.
AG Tower joins Royale Stays' wider Business Bay Building Guide cluster, alongside Elite Business Bay Residence, which already names AG Tower as one of its own neighbors, plus Executive Tower A and Merano Tower, three of the many other Business Bay towers Royale Stays has covered.
Unit Types
The 437 units span studios through one, two and three bedroom apartments, with canal and city views depending on stack and floor. Bayut's live listings currently show one-bedroom units renting between roughly AED 70,000 and AED 134,000 a year, averaging around AED 88,000: a useful live-market reference point rather than a fixed claim.
Amenities
Verified across multiple sources: a swimming pool, a fully equipped gym, covered and basement parking, a children's play area, and 24-hour CCTV security with round-the-clock front desk coverage. Owners and prospective renters should confirm current on-site facilities directly with the building's management, since amenity offerings can change over time.
Transportation & Access
Business Bay Metro Station on the Red Line is a short drive from AG Tower, with Sheikh Zayed Road and Al Khail Road both close by for onward access to DIFC, Downtown Dubai and Dubai International Airport. The Dubai Water Canal promenade is within walking distance, with an RTA water taxi service also running along the canal as an additional option.
Rental & Price Trends
Royale Stays has not independently confirmed a building-specific service charge figure for AG Tower to its two-source verification standard, so no building-specific number is stated here. Business Bay's average apartment rent reached roughly AED 128,021 a year in 2025, up 18.2 percent year on year per Bayut, giving a sense of the wider market AG Tower sits within. Owners considering a unit at AG Tower can run their own numbers through Royale Stays' Dubai property ROI calculator for a unit-specific estimate instead.
Airbnb / Short-Term Rental Income Potential
Short-term letting anywhere in Dubai, including at AG Tower, runs through a DTCM (Department of Economy and Tourism) holiday home permit, the same licensing requirement that applies regardless of building or area. An owner considering Airbnb at AG Tower would need to hold that permit before listing a unit, in addition to confirming the building's own short-term letting policy. Royale Stays' guide to the Dubai holiday home permit covers what the process and fees generally involve.
The strongest evidence for AG Tower as a holiday-home building is already public: independent operators run active listings inside this exact tower on both Booking.com and Agoda, a dual-aggregator signal that is stronger than what most single-tower guides in this cluster have found. The building is standard freehold residential with no hotel or serviced-apartment component, so the normal DTCM holiday home permit route applies. Business Bay is one of Royale Stays' core management areas: furnishing, photography, pricing, check-in, guest communications and maintenance are handled end to end, from a 15% fee.
Owners ready to see what their AG Tower unit could do can submit their property for a management review, or read more on what makes a strong Dubai operator in Royale Stays' guide to the best Airbnb management company in Dubai.
Royale Stays does not yet have AG Tower-specific portfolio data to draw on for this guide; this section reflects the already-visible operator/listing demand at AG Tower only, reviewed by Chris Veinbaums, DTCM-licensed operator.
Questions