Ellington's Business Bay office tower: what we know so far

Ellington Properties is preparing to launch a Grade A office tower in Business Bay, a move into a sector where Dubai is short of quality supply. Expressions of interest close on 16 October 2026. Here is what is known ahead of launch, and what is still to be confirmed.

The headline details

• Developer: Ellington Properties, through ELPG Real Estate Development.
• Location: Business Bay, the district where Ellington already has its head office and three residential towers.
• Height: reported at around 62 storeys.
• Payment plan: 50/50, with half paid during construction and half on completion.
• Handover: 2031, indicative.
• EOI: AED 100,000 plus a passport copy, closing 16 October 2026.
• Working name: The Langston, though the final name has not been confirmed and may change.

Office formats

Early material points to flexible ownership across executive suites, half floors, full floors and shell-and-core space. Full-floor ownership is the format to watch, since whole floors in a new Business Bay tower rarely come to market and give owners control over layout and fit-out.

Amenities

The building is expected to include a business lounge, meeting rooms and boardrooms, coworking zones, cafe lounges, fitness and wellness spaces, social decks, EV charging and destination-controlled lifts. These are indicative until Ellington publishes the final specification.

Returns

Our current projection is a gross rental yield of around 8%, based on Business Bay Grade A rents, which rose from around AED 160 per sq ft in early 2024 to over AED 190 by mid 2026. That compares with roughly 5% to 7% commonly cited for Ellington's residential stock. The projection will be refined once launch pricing is known.

Still to be confirmed

The exact unit mix and sizes, the instalment schedule and the final project name. The EOI pack sets out the details available so far, and EOI holders select from the available offices at launch.