The Off Plan Guide
The Downtown Dubai skyline

Hospitality houses

Baccarat

Baccarat Hotel & Residences

  • Downtown Dubai / Business Bay
  • Shamal Holding
  • Under construction
  • Hotel attached

The French crystal house, 260 years old, doing its second hotel in the world after New York. Crystal is used the way another brand would use marble — in the lobby, in the lighting, in the fittings. Shamal is also behind Naïa Island.

The Downtown Dubai skyline

Photo: Robert Bock · CC0 · via Wikimedia Commons

The Downtown Dubai skyline
The Burj Khalifa at sunset — the Armani Residences occupy its lower floors

Photo: Eric Chamchoum · CC BY 4.0 · via Wikimedia Commons

The Burj Khalifa at sunset — the Armani Residences occupy its lower floors
Sheikh Zayed Road through Downtown Dubai

Photo: Francisco Anzola · CC BY 3.0 · via Wikimedia Commons

Sheikh Zayed Road through Downtown Dubai
The Emirates Towers at dawn, beside the DIFC district

Photo: Jackardsiffant · CC BY 3.0 · via Wikimedia Commons

The Emirates Towers at dawn, beside the DIFC district

Photographs of the building and the area around it, not the developer’s renders. Each is freely licensed and credited to its photographer above; full list on the credits page. Where a scheme is not yet built, the images are of its location and the captions say so.

Who buys here

The buyer who finds the fashion brands too loud and the hotel brands too corporate. Baccarat is a collector’s name rather than a status one, and it attracts people who already own the glassware.

What sets it apart

  • Only the second Baccarat hotel worldwide, after New York
  • Set a Dubai record with a reported AED 203 million apartment sale
  • Developed by Shamal Holding, on the Downtown–Business Bay boundary

The numbers

Registered sale price

Price

AED ~7,211/sqft achieved; current quotes ~5,400–7,200

Gross yield

~3.8–4.4% gross

Around 3.8–4.4% gross on current quotes — below the Downtown average, as expected.
Developer

Shamal Holding

Sonal Kukreja’s read

Set a Dubai record and has the brand history to defend it. Handover is still ahead, so the resale market is unproven — this is a bet on the brand holding its scarcity once a second and third phase of comparable stock exists.

An opinion, not advice, and not a recommendation to buy. BRN 89032, PSI Real Estate L.L.C..

Others in hospitality houses

Figures are labelled by basis and sourced above. Yields are gross, before service charges, management fees and voids — all of which run higher in branded stock. Availability and pricing change; verify with the Dubai Land Department and the developer before committing. Nothing on this page is an offer of a specific unit.