Keturah Tower: 10% Down in Business Bay, 40% Deferred After Keys
MAG Property Development built Keturah Tower in Business Bay. The project runs a 10% down payment, with 40% deferred until after handover. Construction began in May 2022 with an expected completion of December 2024. That date has passed, meaning buyers today are purchasing into a completed project.
What Business Bay Delivers Day to Day
Business Bay sits between Downtown Dubai and DIFC. Residents get a short drive or metro connection to the Burj Khalifa area, Dubai Mall, and the main financial district. The Dubai Canal runs through the neighbourhood, adding a waterfront dimension to what is otherwise a dense commercial and residential zone.
For buyers thinking about daily life: commutes to the centre of Dubai are as short as it gets outside of Downtown or DIFC itself. The canal waterfront gives residents somewhere to walk and unwind close to home, which offsets the urban intensity of the surrounding business district.
From AED 3.79M to AED 5.67M: Reading the Range
The price range at Keturah Tower runs from AED 3,790,000 to AED 5,670,000, a spread of AED 1.88M. One-bedroom apartments start at the low end. Two-bedroom units reach the high end. The extra bedroom accounts for the full price gap.
For a buyer calculating the entry cost: a one-bedroom requires AED 379,000 down at the 10% rate. A two-bedroom requires AED 567,000 down. Those are the figures that get you started before construction payments begin.
Studios, One-Beds, and Two-Beds
Keturah Tower offers apartments in three configurations: studio, one-bedroom, and two-bedroom. Studios give buyers the smallest entry point into Business Bay ownership. One-bedrooms cover the broadest range of buyer profiles, from owner-occupiers to investors. Two-bedrooms serve families wanting more space and investors targeting a sharers arrangement for higher combined rental income.
An Indoor Pool, a Gym, and On-Site Dining
| Category | Facilities |
|---|---|
| Fitness & Wellness | Indoor Swimming Pool, Gymnasium |
| Outdoor | Landscaped Gardens |
| Dining | Restaurants |
| Family | Children's Play Area |
| Security | CCTV |
The indoor pool gives year-round swimming access unaffected by outdoor heat, which limits use of open-air pools for a significant portion of the Dubai year. The gymnasium handles fitness basics without residents needing an external membership.
The children's play area and landscaped gardens point to a building aimed at families and long-term residents. In-building dining covers daily convenience for working residents who keep long hours.
Construction Complete
Construction at Keturah Tower started in May 2022 and the stated completion date was December 2024. That date has now passed. Buyers today are not entering an active construction project; they are purchasing a completed tower, which removes the timeline risk associated with off-plan entry.
The Payment Structure: 10% to Start, 40% After Handover
| Stage | Percentage |
|---|---|
| Down payment | 10% |
| During construction | 30% |
| At handover | 20% |
| Post-handover | 40% |
The 10% down payment is the entry figure. On a one-bedroom at AED 3.79M, that's AED 379,000 to secure the purchase. The remaining 90% follows across three stages, with the final 40% due after handover.
The post-handover tranche is the single largest payment in the schedule. For a two-bedroom at AED 5.67M, that final 40% amounts to AED 2,268,000, paid in the period after keys are received. The total cash out before handover is 60% of the purchase price.