Art Tower XV by Abdul Rahman Mohamed Taher — Waterfront Living on Marasi Drive, Business Bay

TL;DR

• Developer: Abdul Rahman Mohamed Taher (Wali)
• Location: Marasi Drive, Business Bay, Dubai
• Status: Ready (Completed June 2016)
• Building: 20 Storeys
• Property Types: Studios, 1BR, 2BR, 3BR Apartments
• Price Range: AED 4.2M – AED 8M (secondary market)
• Title: Freehold
• Key Highlight: A 20-storey completed residential tower positioned directly on the Dubai Water Canal promenade at Marasi Drive — Business Bay's most desirable waterfront address — with canal views, gym, sauna, steam rooms, and pool, just 5–10 minutes from Downtown Dubai, Burj Khalifa, and DIFC

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1. Introduction: Canal-Front Living in Business Bay

Art Tower XV is a completed, 20-storey residential tower that occupies one of Business Bay's most prized positions: a canal-front address on Marasi Drive, directly overlooking the Dubai Water Canal. Completed in June 2016 by Abdul Rahman Mohamed Taher — a UAE-based real estate developer — Art Tower XV was among the earlier residential completions on the Marasi Drive waterfront, giving its residents priority access to what has since become one of Dubai's most sought-after urban promenades.

The Dubai Water Canal, inaugurated in 2016, transformed Business Bay's geography by cutting a 3.2-kilometre waterway from Dubai Creek through to the Arabian Gulf — creating a 12-kilometre continuous waterway through the city and establishing Marasi Drive as Business Bay's premiere waterfront residential street. Art Tower XV's canal-facing position places it at the epicentre of this urban transformation — a building whose streetscape has only improved in character and value since its completion, as the surrounding promenade has been progressively landscaped, activated with restaurants and retail, and connected to Dubai's broader waterfront walking and cycling network.

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2. Location & Connectivity: Business Bay's Most Prestigious Waterfront

Business Bay is Dubai's premier mixed-use commercial and residential district — positioned immediately south of Downtown Dubai and east of DIFC, connected to both by a dense network of arterial roads, and served by two Dubai Metro stations (Business Bay and Dubai Canal on the Red Line).

Key Distances (by car from Marasi Drive):

• Downtown Dubai / Burj Khalifa: 5–10 minutes
• The Dubai Mall: 10 minutes
• DIFC: 10–15 minutes
• Dubai Mall Metro Station (Red Line): 8 minutes
• Dubai World Trade Centre: 12 minutes
• Dubai Healthcare City: 10 minutes
• Dubai International Airport (DXB): 15–20 minutes via Al Ain Road (E66)
• Dubai Marina: 20 minutes via Al Khail Road (E44)
• Palm Jumeirah: 22 minutes

The Dubai Water Canal Promenade: The canal promenade fronting Art Tower XV is now a fully activated urban environment:

• The 12-kilometre continuous waterway connects to the Arabian Gulf and Dubai Creek
• The Marasi Drive promenade is landscaped with mature trees, seating, and lighting
• Walking and cycling tracks run the full length of the canal on both banks
• Multiple restaurants and cafes are established along the waterfront
• The Business Bay canal zone hosts regular community events, fitness activities, and cultural programming
• Water taxis and canal boat services operate along the waterway

For residents of Art Tower XV, the canal promenade is immediately accessible at ground level — an urban waterfront experience available without a car journey, making the building's lifestyle proposition fundamentally different from standard Business Bay towers set back from the water.

Sheikh Zayed Road and Al Khail Road: Art Tower XV's Marasi Drive position provides quick access to both of Dubai's primary highway corridors — Sheikh Zayed Road (E11) for coastal and Abu Dhabi access, and Al Khail Road (E44) for the fastest route to JVC, Dubai Hills, Dubai Marina, and Dubai South.

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3. Building Architecture: 20 Floors of Canal-Front Character

Art Tower XV rises 20 storeys from Marasi Drive — a height calibrated to the canal-front context, where the mid-rise character of Marasi Drive's earlier developments preserves the canal's openness and provides most floors with meaningful water views rather than building-to-building sightlines.

Architectural Design: Designed by Alajmi Engineering Consultants, Art Tower XV employs a contemporary, glass-fronted high-rise aesthetic that maximises canal views and natural light penetration across all principal rooms. The building's orientation toward the canal ensures that canal-facing apartments receive morning light and evening waterfront ambiance — the characteristic glow of Dubai's illuminated canal reflected in the building's glazed facade.

Building Configuration:

• 20 residential floors above ground level
• Ground floor: Lobby, retail, and building services
• Residential floors: Studios, 1BR, 2BR, and 3BR configurations
• Rooftop or high-floor level: Pool and wellness amenities
• Covered basement parking

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4. Apartments: Canal Views from Studio to 3BR

Unit Types:

• Studios: Compact, efficiently planned units with canal or city views
• 1-Bedroom Apartments: Separate living and sleeping area configurations
• 2-Bedroom Apartments: Expanded family layouts
• 3-Bedroom Apartments: The most spacious residential tier — AED 4.2M+ in secondary market

Interior Design: Art Tower XV delivers a quality interior specification consistent with the premium pricing and canal-front positioning of its Marasi Drive address:

• Open-plan or semi-open kitchen-living configurations with quality cabinetry and appliances
• Built-in wardrobes in all bedroom configurations
• Full-height bathroom tiling with quality fixture brands
• Quality flooring throughout living areas and bedrooms
• Generously proportioned balconies on most configurations — the primary interface with the canal view
• Central A/C throughout for consistent year-round comfort
• Double-glazed windows for noise reduction and thermal efficiency

Canal View Configurations: Canal-facing units in Art Tower XV are particularly sought-after — the direct view over the Dubai Water Canal, with the opposite-bank Marasi Business Bay commercial district as the backdrop and the canal's illuminated nighttime reflection below, is a genuinely distinctive residential visual experience that commands premium pricing in both sale and rental transactions.

City View Configurations: Non-canal-facing units provide views across Business Bay's dense tower skyline — with the Burj Khalifa visible from upper floors on clear days — a skyline view that is itself premium relative to what the majority of Dubai's residential market can offer.

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5. Amenities: Canal-Front Lifestyle, Building Essentials

Aquatic and Recreation:

• Swimming Pool: A maintained outdoor or rooftop swimming pool with city or canal views, providing cool-water recreation during Dubai's warm months
• Gymnasium: A fully equipped, air-conditioned fitness centre with cardio and strength training equipment

Wellness:

• Sauna: Traditional dry sauna rooms — dedicated facilities for male and female residents, providing post-gym or standalone wellness access uncommon in standard Business Bay buildings
• Steam Rooms: Wet heat steam therapy facilities — separate male and female rooms providing a spa-quality wellness option within the building

Family:

• Children's Play Area: A dedicated, safe play zone for younger residents

Building Services:

• 24/7 Security: Round-the-clock manned security at the lobby entrance with CCTV coverage of all access points and common areas
• Concierge Services: Professional lobby concierge managing parcel deliveries, building information, and resident assistance
• Covered Parking: Reserved basement and podium parking for residents — essential in Business Bay's competitive parking environment
• Central A/C: Building-wide central air conditioning
• High-Speed Elevators: Multiple elevator banks serving all floors with minimal wait times

Canal Promenade (Immediately Adjacent):

• Walking and cycling tracks along the full canal length
• Cafes and restaurants along the Marasi Drive promenade
• Water taxi and canal boat access
• Regular community events and outdoor fitness activities

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6. Investment Analysis: Marasi Drive's Proven Value

Secondary Market Pricing: Art Tower XV's canal-front position commands premium secondary market pricing:

• Studios: From approximately AED 1M–1.5M
• 1-Bedroom: AED 1.5M–2.5M depending on floor and view
• 2-Bedroom: AED 2.5M–4.5M
• 3-Bedroom: From AED 4.2M — up to AED 8M for premium canal-view upper floors

Rental Market: Business Bay's rental market is sustained by the enormous concentration of commercial activity in the district — DIFC, Downtown, and Business Bay itself collectively house hundreds of thousands of professionals whose residential preferences naturally include proximity to their workplaces. Canal-front buildings command meaningful premiums:

• Studios: Approximately AED 85,000–110,000 per year (canal-facing units at premium)
• 1-Bedroom: Approximately AED 95,000–130,000 per year
• 2-Bedroom: Approximately AED 130,000–180,000 per year
• 3-Bedroom: Approximately AED 180,000–250,000 per year

Canal-Front Premium: Dubai Water Canal properties command 15%–30% rental premiums over comparable non-canal Business Bay units — the waterfront lifestyle value translating directly into tenant willingness to pay above-market rents for canal views and promenade access.

Capital Appreciation: Business Bay has been one of Dubai's strongest-performing residential sub-markets since 2020. The Dubai Water Canal's progressive activation — more restaurants, better landscaping, increased event programming, improved connectivity — has specifically elevated Marasi Drive canal-front properties above the broader Business Bay average. Properties that purchased in 2019–2020 at post-correction prices have appreciated 30%–60% through 2025.

Completed Building Advantages:

• Immediate mortgage eligibility (up to 80% LTV for UAE residents)
• Verifiable rental income from existing tenancies
• No off-plan construction or delivery risk
• Ability to inspect actual units before purchase

UAE Golden Visa: All Art Tower XV units — beginning from the 1BR tier at AED 2M+ — qualify for the UAE 10-Year Golden Visa.

Freehold Title: Art Tower XV is a freehold building, providing full ownership rights to buyers of all nationalities.

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7. Why Art Tower XV Stands Out

1. Marasi Drive canal-front position — direct Dubai Water Canal frontage on Business Bay's most prestigious waterfront address.
2. 20 storeys providing meaningful height for canal and city skyline views from upper floors.
3. Sauna and steam rooms — dedicated wellness facilities beyond the standard pool-and-gym; uncommon in mid-size Business Bay residential buildings.
4. Canal promenade immediately at ground level — walking and cycling access without a vehicle, cafes and restaurants steps from the lobby.
5. 5–10 minutes from Downtown and Burj Khalifa — the most iconic urban destination in the Middle East as a 10-minute neighbour.
6. 15–20 minutes from DXB Airport — convenient international travel access.
7. Canal-facing rental premium of 15%–30% above Business Bay average — waterfront lifestyle commanding measurable market premium.
8. Completed June 2016 — 9+ years of operational stability; immediate mortgage eligibility.
9. Studios rent at approximately AED 85,000–110,000 per year; strong yield performance on a small-unit basis.
10. Freehold title — unrestricted ownership for all nationalities.

Art Tower XV on Marasi Drive is Business Bay's established canal-front residential classic — a building where the location premium of Dubai Water Canal frontage, the proximity to Downtown and DIFC, and 9 years of proven operational performance combine to create one of Business Bay's most dependable and character-rich residential investment addresses.