One B Tower

About One B Tower

One B Tower is the most unusual project in this portfolio, and not only architecturally. It is a 47-storey tower on Sheikh Zayed Road overlooking the Dubai Water Canal, rising from an elevated podium with generous ceiling heights and column structures designed to make an impression from the road.

It is also Dubai’s tallest endowment tower, built as part of the 1 Billion Meals Endowment launched by Sheikh Mohammed bin Rashid Al Maktoum in 2023. The AED 800 million building is designed to generate income for a permanent food-security fund rather than to maximise a developer’s margin, and that is worth understanding before you buy: your service charge, your building management and your neighbours are all part of an asset with a philanthropic mandate.

What to weigh. First, the proposition. One to five-bedroom apartments, duplexes and a penthouse on the canal side of Sheikh Zayed Road, with a spa and vitality pools, a podium pool, fitness and yoga studios, dining venues and cafés with canal views, a kids’ playroom and workspaces. That is a full-service tower aimed at buyers who want to be in the centre of the city rather than in a masterplan.

Second, the price. At AED 1.6 million for the entry unit, One B undercuts most new canal-facing towers in Business Bay while sitting closer to Downtown than most of them. If the entry buys a genuine one-bedroom of sensible size, it is one of the better value-per-square-foot launches in the city; if it buys a small unit on a low floor facing the road, it is not.

Third, the location detail. “Sheikh Zayed Road” is a long road. The tower’s position is between Business Bay and Downtown, close to the Dubai Mall, Burj Khalifa and Safa Park, but the immediate setting is the E11 corridor and the canal interchange. Ask which elevation you face: canal, Downtown skyline, or the road.

Fourth, the plan. The portal records 5% on booking, 35% during construction and 60% on handover, which is the lightest entry and the heaviest final cheque in the Wasl portfolio. On a Q4 2028 handover that gives you two years to arrange financing for 60% of the price, and it is not a plan for a cash buyer who wants to pay as they go.

Compiled November 2026 from Wasl’s One B Tower project page (height, location, unit types, the endowment mandate and its AED 800 million value, amenities) and the listing portal’s project record (price, handover, payment plan, unit mix). Wasl publishes no price list.

Homes, sizes and price

The two published sources disagree at the top of the building. Wasl lists one to five-bedroom apartments plus a penthouse; the portal lists one to four-bedroom duplexes and penthouses. Sizes are not published by either.

A five-bedroom apartment is rare in Dubai and rarer in a tower of this kind; if it exists it will be a full-floor or half-floor home priced against penthouses rather than apartments. Ask directly whether the five-bedroom is a live product or a planning line.

At AED 1.6 million, a one-bedroom of 700–850 sq ft would be about AED 1,900–2,300 per square foot — in line with new Business Bay stock and below the Downtown towers immediately across the canal. That is the comparison worth making: not against Wasl’s own Jebel Ali releases, which are a different market entirely.

Ask for four things: the size schedule, the floor plate and unit numbers, the view category, and the ceiling height. The tower is marketed on its generous heights, and that is the kind of detail that changes how a unit feels and what it rents for.

Price and payment plan

The recorded plan is 5% on booking, 35% during construction and 60% on handover — the lightest entry in this portfolio and the heaviest final payment.

Sixty per cent at handover on a Q4 2028 completion is a mortgage-shaped plan. Business Bay one-bedrooms rent strongly, and a bank will lend against a completed unit in a 47-storey tower more readily than against a low-rise in a new masterplan, so the finance route is realistic — but start early and stress-test the numbers at a higher rate than today’s.

If you are paying cash, ask whether Wasl will restructure towards a higher construction percentage in exchange for a lower price. On an endowment-funded project the answer may be no, and it is worth knowing that before you negotiate.

Amenities

The amenity programme is full-service and city-facing: a spa and vitality pools, a podium-level outdoor swimming pool, premium fitness centres and yoga spaces, dining venues and cafes with canal views, event venues, a kids’ playroom, sustainable workspaces and generous parking.

For a tower aimed at professionals, the useful items are the workspaces, the podium pool and the dining. The spa and the vitality pools are the luxury layer, and they are also the expensive part of the service charge once the building is handed over.

Ask how the commercial venues are operated: if the restaurants and cafes are leased to third parties, residents get convenience without the cost; if they are building amenities, the cost lands on the service charge. The same question applies to the workspaces — included, bookable or leased.

Where it is

One B Tower stands on Sheikh Zayed Road overlooking the Dubai Water Canal, between Business Bay and Downtown. Wasl lists the nearby landmarks as the Burj Khalifa, Dubai Mall, Dubai Opera, the Dubai Water Canal, Safa Park and Business Bay itself — which is a fair description of what is within a short drive or a long walk.

This is the most connected address in the portfolio and the least self-contained. There is no masterplan park of your own, no beach and no golf course; what you get instead is the centre of the city, the canal promenade and the metro network. For a buyer who works in DIFC or Downtown and wants a lock-up-and-leave apartment, that is the point.

The honest caution is the road. Sheikh Zayed Road addresses vary enormously in noise and outlook from floor to floor and from elevation to elevation. Ask for the unit’s exact position, insist on the canal side if that is what you are paying for, and visit the site to listen.

At a glance

• 47 storeys on Sheikh Zayed Road, overlooking the Dubai Water Canal.
• Wasl lists 1–5-bedroom apartments, duplexes and a penthouse; the portal says 1–4.
• Portal-listed from AED 1,600,000, completing Q4 2028.
• Plan 5/35/60 — the lightest entry and heaviest handover payment in the portfolio.
• Dubai’s tallest endowment tower, part of the 1 Billion Meals Endowment; AED 800m build.
• Spa and vitality pools, podium pool, gym, yoga, dining, kids’ playroom, workspaces.
• Walking distance to the canal, Burj Khalifa and Dubai Mall.

What we verify before you reserve

• Whether a five-bedroom product exists, and how many.
• The unit schedule with sizes, floors and elevations.
• The view category of your unit, and whether the canal view is contractual.
• The plan in the SPA and whether a restructure is possible.
• The service charge estimate, with the spa and pools itemised.
• Whether the restaurants and workspaces are leased or building amenities.
• Escrow account and DLD project registration.
• Recent lets in comparable canal-facing Business Bay towers.