Dubai real estate: Urban Properties Development unveils $81.7mn project in Business Bay

The project is currently under construction and on track for a Q2 2026 handover.

Urban Properties Development (UPD) proudly introduces Urban Life Residences, a prestigious freehold project valued at $81.7 million (AED 300 million), located in the heart of Dubai’s dynamic Business Bay.

Currently under construction, Urban Life Residences is slated for completion and handover by the second quarter of 2026.

Nestled in Business Bay, one of Dubai’s most desirable neighborhoods, this development offers exceptional connectivity, providing easy access to the city’s key destinations. Residents will enjoy prime proximity: just 10 minutes to Dubai Mall, 20 minutes to Dubai International Airport, 15 minutes to Mall of the Emirates, and 15 minutes to Kite Beach.

The tower is strategically positioned adjacent to a future 10,000m² public park on the East End of Business Bay, offering a peaceful and vibrant environment for residents to unwind and enjoy.

Urban Life Residences marks UPD’s debut in the premium freehold real estate sector. The development embodies the company’s core principles of exceptional design, superior quality, timely project delivery, and a focus on creating extraordinary living spaces. Every aspect of the project has been carefully designed to emphasize lush greenery and immersive natural surroundings, harmoniously blending with modern urban living.

This development offers a wide range of residential units, including studios, one-bedroom, and two-bedroom apartments, totaling 146 units. Each residence is crafted to meet the highest standards of quality and functionality, ensuring a diverse range of living options for every lifestyle need.

Residents will have access to a host of world-class amenities, including Dubai’s first AI-powered, state-of-the-art gym in a residential building, an outdoor pool deck located on the podium level, a dedicated cinema room, co-working spaces for social and recreational purposes, a children’s play area, and exclusive outdoor social pod decks with plunge pools on levels 6 and 10.

By offering cutting-edge developments for freehold sale, UPD is distinguishing itself in Dubai’s competitive real estate market. The company’s approach focuses on design excellence, prioritizing superior architecture, thoughtfully designed interiors, functional floor plans, high-quality materials, and curated amenities. This commitment ensures the delivery of premium products that redefine the sub-luxury and premium market segments.

The realization of UPD’s vision is supported by a team of talented architects, interior designers, and innovation specialists, all dedicated to creating distinctive products that stand out in today’s competitive market.

UPD is backed by its parent group, JAMS Investment, which brings decades of expertise in real estate development. JAMS Investment manages a diverse portfolio, including residential rental properties, office spaces, hotel apartments, and contracting businesses across Dubai. With a workforce of over 8,000 employees, JAMS is a trusted name in the region, providing a strong foundation for the success of Urban Life Residences.

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