For owners
Holiday Homes in Elite Business Bay Residence
4 min read
Elite Business Bay Residence is one of the Business Bay towers where fäm Living already runs holiday homes. If you own a studio or apartment here, this is how we would run it for you, by the night and by the month, while you keep the ownership and the income.
The building
Elite Business Bay Residence is a residential tower in Business Bay, developed by Triplanet Range and completed in 2020. It is mostly studios, with one, two and four-bedroom apartments, and residents share a pool and gym, with covered and valet parking and building security.
That mix matters for a holiday home. Studios and one-bedroom apartments suit the guests who come to Business Bay most: couples on a city break, people here for work, and visitors who want to be near Downtown Dubai without paying Downtown rates.
Why it works as a holiday home
Business Bay sits next to Downtown Dubai, with The Dubai Mall and the Burj Khalifa a short ride away, and a large share of the city's offices on the doorstep. That gives a home here two kinds of guest rather than one.
Holiday guests book for the location and the views. Business travellers book on weekdays and outside the holiday season, often for weeks or months at a time. Together they keep a calendar fuller through the year than either group would alone.
Because the tower is a residential building, a guest gets a real apartment with a kitchen and the building's pool and gym, which is what makes someone choose a holiday home over a hotel for a longer stay.
We already know the building
fäm Living runs homes in Elite Business Bay Residence today. That means we already know how guest access works with the building, how the management office prefers to be contacted, which layouts and views guests ask for, and what the building's own rules say about short stays.
For an owner, that shortens everything. We do not need to learn the tower before your first guest arrives, and our team in the area can reach the building quickly when something needs attention.
What we do for an owner here
We register your apartment for its holiday home permit with the Department of Economy and Tourism, help furnish it to a standard that photographs well and lasts, carry out a full inventory, photograph it properly, and list it on our own site and the major platforms.
Then we run it. Pricing moves with the season, Dubai's event calendar and the length of each stay. Every guest is checked before arrival, met in person by our team, and looked after during the stay. The home is cleaned and the linen changed between every booking, and maintenance is handled before it becomes your problem.
You see every booking, statement and payout in the owner portal, and you can block your own dates whenever you want to use the apartment yourself.
Getting a unit here ready for guests
Most studios and apartments in a tower like this need the same few things before the first guest: a comfortable bed and good linen, blackout curtains, a sofa that works for a longer stay, a properly equipped kitchen, a desk with a reliable chair, fast Wi-Fi and a smart lock or a clear key handover. Unfurnished is fine, because furnishing is part of what we do.
We photograph the apartment once it is finished, at the time of day the light and the view look best, because the first photo decides whether a guest clicks at all.
Nightly, monthly or both
A home in this tower can earn from short stays and from month-long guests working in Business Bay. We run each unit on whichever pays better at the time, and many do best with a mix: nightly stays in the busy winter season, monthly guests the rest of the year.
A month-long guest in a licensed holiday home is a booking, not a tenancy. There is no tenancy contract to register, and the apartment comes back to you when the stay ends.
Before you decide
What your apartment could earn depends on its layout, floor, view and condition, and on the season. We quote from what comparable homes have actually booked rather than from a rule of thumb, and we set our terms out in writing after a free consultation, before you sign anything.
If your apartment is let to a yearly tenant today, we can plan the switch for when the tenancy ends. If it is empty or newly bought, we can usually start with the permit and furnishing straight away.