Niki Lauda Tower is a residential project by Plt Properties in Business Bay, Dubai, with handover 31.03.2026, construction 0.4% complete per the DLD registry.
Construction progress
- Handover31.03.2026
- Status date27.07.2026
- DLD project number287
Data from the Dubai Land Department project registry (updated 07.08.2026 09:55).
Places nearby
About the project
Niki Lauda Tower is an active project by Plt Properties in Business Bay, Dubai. The project comprises 384 units across a total area of 42,285.46. Its recorded construction completion ratio is 42%, with a completion date of 31 March 2026.
Project overview
Niki Lauda Tower is located in Business Bay, a mixed-use district along the Dubai Canal corridor in central Dubai. The project has 384 units and a recorded total area of 42,285.46. Construction started on 15 March 2023. The project is active, and its construction completion ratio is recorded at 42%. The scheduled completion date is 31 March 2026. Business Bay contains residential high-rises, office towers, waterfront developments, internal roads and landscaped public spaces. The district has evolved from an originally commercial-led master plan into a dense urban area with a larger residential component alongside offices and hospitality developments.
Construction status and completion
Niki Lauda Tower is recorded as active. The latest construction completion ratio is 0.42, representing 42% completion. The inspection date is 27 July 2026, and the project information was updated on 31 July 2026. Construction began on 15 March 2023. The listed completion date is 31 March 2026. The project is identified under project number 287. Its total unit count is 384, placing it within a Business Bay district that includes both completed buildings and projects under development. Business Bay has 156 projects in total, including 39 active developments and 103 completed projects.
Business Bay setting
Business Bay occupies a central position along the Dubai Canal and sits immediately southwest of Downtown Dubai. The district combines commercial, residential and waterfront uses, with office towers, residential buildings, canal-side promenades and marina-related development. Business Bay has a freehold development footprint of 64 million square feet across the wider district. It contains 64,372 units across its projects. The area includes the Marasi Business Bay waterfront precinct, which combines residences, a marina and promenades, and Al Habtoor City on the Sheikh Zayed Road waterfront. The district’s built environment includes established towers as well as continuing new construction.
Access across Dubai
Business Bay is connected to Sheikh Zayed Road and linked to Al Khail Road through the local arterial road network. The district is served by the Dubai Metro Red Line. Metro station R26 is 551 metres from the district reference point. Burj Khalifa and Downtown Dubai are 1.5 km from Business Bay, while The Dubai Mall is 1.9 km away. Dubai International Airport is 12.6 km away, and Al Maktoum International Airport is 34.0 km away. Other stated distances include 10.0 km to Mall of the Emirates, 15.1 km to Palm Jumeirah, 17.2 km to Dubai Marina and 17.9 km to JBR Beach.
A district of offices, homes and waterfront development
Business Bay was planned as a combined commercial and residential district and has developed into a major business address in Dubai. Its original master plan placed greater emphasis on commercial floorspace, while subsequent development has added more apartment schemes. Canal-front areas and connections to Dubai Creek have supported marina-style projects and waterborne transport options in parts of the district. Completed residential projects in Business Bay include 15 Northside, Binghatti Canal, Clayton Residency and Merano Tower. Canal Crown is under development, while Burj Pacific is nearing completion. The district also includes office transactions, waterfront land activity and proposed new office and tower developments.
Developer
Niki Lauda Tower is developed by Plt Properties. The project is registered under number 287. Plt Properties is identified as the developer for the active Business Bay project, which has 384 units and a recorded total area of 42,285.46. The project’s construction start date is 15 March 2023. Its recorded completion ratio is 42%, and its completion date is 31 March 2026. The development sits within Business Bay’s freehold urban district, where residential towers stand alongside offices, canal-front developments and hospitality properties.