Kempinski Residences Business Bay
Kempinski Residences Business Bay is a 63-storey mixed-use tower under development in Business Bay, Dubai, developed by Gemstone Real Estate Development, the property development arm of Saudi Arabia's Al Rajhi Holding Group, together with Kempinski Residences S.A. The tower is planned to hold around 800 serviced apartments, from studios to five-bedroom layouts, once complete. Construction began in December 2016 and has faced delays since, with building-database records listing the project as under development and on hold as of the most recent update. Royale Stays manages the setup, pricing and guest side of listing a unit here once handed over, for a fee starting from 15%.
Developer
Gemstone Real Estate Development & Kempinski Residences S.A.
Height / Floors
276m, 63 storeys
Unit Mix
Studio to 5-bed serviced apartments
Status
Under development, on hold
About Kempinski Residences Business Bay
Kempinski Residences Business Bay is a 63-storey mixed-use tower under development in Business Bay, Dubai. The project is a joint development by Gemstone Real Estate Development, the property development arm of Saudi Arabia's Al Rajhi Holding Group, together with Kempinski Residences S.A.
Construction began in December 2016, after an initial site trace recorded in January 2015, with an original estimated handover of Q4 2019. The tower has faced delays since: building database records list the project as under development and on hold as of the most recent update, with an earlier note recording that construction resumed in 2020 after a pause. At 276 metres and 63 storeys, plus two basement parking levels, the tower was designed by architectural consultant Aedas Ltd.
Kempinski Residences Business Bay is a separate project from both Kempinski Marina Residences in Dubai Marina and Kempinski The Boulevard Dubai in Downtown Dubai. See the FAQ below for the differences between all three.
Location & Nearby Landmarks
Kempinski Residences Business Bay sits in the heart of Business Bay, around 0.1 to 0.2 km from Damac Towers by Paramount and Upside Business Bay, both part of a dense cluster of restaurants, bars and mini marts within a short walk.
Kidzania is around 1.4 km away, with PVRK around 1.5 km and Dubai Ice Rink around 1.6 km. Bayside Park 7 sits right on the doorstep at 0.1 km, with The Block around 0.9 km and Riviera West Park around 1.7 km. Golf players can reach The Track, Meydan Golf in around 3.5 km, with Dubai Hills Golf Club and Dubai Creek Golf & Yacht Club both a little under 8 km.
Families can reach Hartland International School, British curriculum, rated Very Good, in around 1.6 km, and North London Collegiate School Dubai, IB curriculum, also rated Very Good, in around 1.8 km, both in nearby Sobha Hartland. Downtown Dubai and Sobha Hartland are both about 2 km away, with DIFC around 3.1 km and City Walk around 3.4 km.
Kempinski Residences Business Bay joins Royale Stays' wider Business Bay Building Guide cluster alongside Jumeirah Living Business Bay and West Bay Tower. For the full picture of the district, see Royale Stays' Business Bay area guide.
Unit Types
Kempinski Residences Business Bay is planned to comprise an estimated 800 units, marketed as five-star serviced apartments across a mix of studio, one, two, three, four and five bedroom layouts, with views over Business Bay and the wider Dubai skyline. Owners are offered a choice of three interior design styles for their unit's fit-out, with an optional chef's kitchen available on select layouts.
No independently confirmed final unit count or size breakdown exists beyond the estimated total and layout mix above. Kempinski Residences Business Bay has not been handed over, so confirmed unit specifications should be checked directly with the developer or a listing agent.
Amenities
Amenities described by the developer include a shared leisure deck with four swimming pools, a sunset terrace and a dedicated recreational area, alongside the optional chef's kitchen fit-out mentioned above.
As a five-star serviced-apartment tower under the Kempinski Residences brand, the building is designed around hotel-style shared facilities rather than a conventional owners-only amenity package. Final amenities should be confirmed with the building's management company once construction is complete.
Transportation & Access
From Kempinski Residences Business Bay it takes roughly 11 minutes to drive to Dubai Mall, 23 minutes to Burj Al Arab, 24 minutes to Palm Jumeirah and 28 minutes to The Walk at JBR in typical traffic. Dubai International Airport is around 18 minutes away, and Al Maktoum International Airport around 45 minutes. Downtown Dubai, Sobha Hartland and DIFC all sit within roughly 2 to 3 km.
Rental & Price Trends
Kempinski Residences Business Bay has not been completed or handed over, so no resale or rental transaction history exists yet for the building. Land Department figures cited by one building-research source put the developer's pre construction project estimate at around AED 1 billion, though that source itself notes this is a developer-submitted figure that may differ from the final cost, so it is treated here as background context rather than a pricing guide.
Owners weighing what a unit here could realistically earn once complete, whether as a long-term let or a short-term rental, can run their own numbers through Royale Stays' Dubai property ROI calculator.
No building-specific sale or rental pricing exists for Kempinski Residences Business Bay in sources checked. Figures above reflect construction-stage estimates only, not resale data.
STR Income Potential
Kempinski Residences Business Bay is planned as a five-star serviced-apartment tower under the Kempinski Residences brand, developed by Gemstone Real Estate Development together with Kempinski Residences S.A.
Because the building carries an active hotel-group brand, setting up a short-term rental here would typically be arranged through the building's own management company once the tower is complete and handed over, rather than a standalone owner application, similar to the holiday home permit process for other hotel-brand-adjacent buildings in Business Bay such as Paramount Hotel & Residences. Royale Stays manages Airbnb and short-term rental units across Palm Jumeirah, Dubai Marina, Downtown Dubai, JBR and Business Bay for a fee starting from 15%, covering furnishing, photography, pricing, check-in, guest communications and maintenance coordination. Owners can submit their property for a free earnings estimate, or call +971566424239.
Kempinski Residences Business Bay has not yet been completed or handed over, so no building-specific occupancy or nightly rate data exists. Figures above describe standard hotel-brand-adjacent permit routing, not a current listing.
Questions