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AED 2.8bn Berkeley Tower Set to Rise in Dubai’s Business Bay

by T&I News
October 24, 2026
in Emirates
Reading Time: 3 mins read
Berkeley Tower Dubai Business Bay

A new AED 2.8 billion tower just landed in Dubai’s Business Bay, and it’s set to become the tallest and biggest commercial project its developer has ever built. Ellington Properties has teamed up with Al Hamra Group to unveil Berkeley Tower, a 60-floor skyscraper that’s expected to reshape one of the city’s busiest business districts.

What exactly is Berkeley Tower, and why is Business Bay the perfect spot for it?

Berkeley Tower is being billed as the largest commercial project Ellington Properties has ever taken on. The development carries a price tag of AED 2.8 billion, which works out to around $762 million. That’s a serious chunk of change, even by Dubai real estate standards, and it signals just how much confidence developers still have in the city’s commercial property market.

The tower will stretch across 60 floors, mixing office spaces with what the developers describe as an “extensive workplace and lifestyle offering.” In plain terms, this isn’t just desks and meeting rooms. Think amenities and tech built in to match how modern companies and their employees actually want to work.

Location is the real selling point here. Business Bay already sits in the middle of Dubai’s commercial action, but Berkeley Tower goes a step further by offering direct connectivity to Downtown Dubai, the Dubai International Financial Centre, and the city’s major transport networks. For any business owner weighing office space in Dubai, that kind of access to DIFC and Downtown in one move is hard to ignore.

Why should businesses and investors in the UAE care about this?

If you’re running a company in the UAE, or thinking about setting one up here, projects like Berkeley Tower matter because they expand your options. A fresh, large-scale commercial tower in a prime district often means newer facilities, better technology integration, and more flexible workplace setups than older buildings nearby.

For investors, the numbers tell their own story. Ellington Properties and Al Hamra Group are putting $762 million behind a single commercial tower, which shows developers still see strong demand for office space in Business Bay despite competition from other districts like DIFC itself. When two established names pool resources on their biggest project to date, it usually reflects real confidence in where the market is heading.

This also fits into a broader pattern across the UAE, where commercial real estate keeps expanding alongside residential projects. Dubai’s skyline has long been associated with record-breaking towers, but much of that attention has gone to hotels and apartments. Berkeley Tower is a reminder that the city’s appetite for ambitious commercial developments hasn’t slowed down either.

For readers who follow emirates news closely, this kind of announcement is worth tracking because it often hints at where future business activity will cluster. Business Bay already hosts a mix of multinational offices, startups, and service companies. Adding a 60-floor tower with direct links to DIFC could pull in even more firms looking to be near Dubai’s financial hub without paying DIFC’s premium rents.

It’s also a signal for the construction and real estate sectors more broadly. A project of this scale means contracts, jobs, and opportunities for suppliers and service providers across the UAE’s construction supply chain. Large towers like this one tend to have a ripple effect well beyond the building itself.

Details on the exact completion timeline, leasing terms, or specific amenities haven’t been laid out yet. What’s clear so far is the scale: AED 2.8 billion, 60 floors, and a location that connects straight into Downtown Dubai and DIFC. As reported by Arabian Business, this marks Ellington Properties’ biggest commercial bet yet.

What to watch next is whether more details emerge on leasing, tenant interest, and a construction timeline. For now, Berkeley Tower adds another major name to Dubai’s growing list of commercial landmarks, and it’s one more sign that Business Bay’s role as a business magnet in the UAE isn’t fading anytime soon.

Tags: Berkeley Towercommercial property investmentcommercial real estate DubaiDIFC connectivityDubai Business BayDubai skylineEllington Propertiesoffice tower development
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