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Business Bay offers a mix of apartments and offices. Residential options range from modern flats to luxurious penthouses. Offices come in various sizes, catering to diverse business needs. Find your ideal property, from stylish apartments to functional office spaces, in the heart of Dubai’s bustling Business Bay.
Business Bay properties offer a range of options. Apartments generally cost between AED 900,000 and AED 2.5 million, while office spaces vary. Prices depend on factors like size, view, and amenities. For accurate details, consult local real estate experts familiar with Business Bay’s market. *Prices are subject to market fluctuations.
Business Bay’s strategic location by the Dubai Canal positively impacts property prices. Proximity to key attractions, transportation hubs, and the city’s business district contributes to the area’s desirability. Expect a steady appreciation in property values, making it a promising investment choice.
Business Bay boasts a dynamic community lifestyle. Residents enjoy a range of amenities including waterfront promenades, parks, and dining options. The district prioritizes convenience with supermarkets, schools, and healthcare facilities nearby. Experience a vibrant community life in the heart of Dubai.
Business Bay is witnessing growing demand, driven by its strategic location and modern infrastructure. The market trends indicate a steady appreciation in property values. Smart investors are capitalizing on this upward trajectory, making Business Bay a hotbed for real estate opportunities.
Business Bay is not designated as a free zone area. While it thrives as a commercial hub, it follows Dubai’s general regulatory framework. Businesses looking for free zone advantages may explore nearby options, but Business Bay offers a strategic location for various enterprises.
Business Bay is a favoured residential destination, offering a balance between work and leisure. With a mix of modern apartments and a bustling business environment, it caters to a diverse lifestyle. Enjoy city living with a touch of luxury in the heart of Dubai’s commercial district.
Owning property in Business Bay promises long-term benefits. The area’s strategic growth ensures a consistent increase in property values. Property sizes in Business Bay vary, catering to different preferences. Apartments range from cosy one-bedroom units to spacious penthouses. Office spaces offer flexibility, accommodating various business sizes. Explore layouts that suit your needs, ensuring both comfort and functionality in this thriving district.
For Business Bay properties, consider reputable agents like Square Yards UAE. This agency have a proven track record in facilitating successful transactions. Rely on their expertise to find the perfect property or secure a lucrative deal in Dubai’s Business Bay.
In Dubai, the United Arab Emirates, a prominent commercial district called Business Bay is now under construction. The project includes a cluster of skyscrapers that is booming real estate in Business Bay. It will have more than 240 structures, both residential and commercial buildings. This is what attracts investors to buy property in Business Bay. His Highness of Sheikh Mohammed Bin Rashid Al Maktoum , Vice President of the UAE, Prime Minister, Minister of Defense, and Ruler of Dubai included Business Bay in his vision.
Business Bay is emerging as a new city within Dubai as it is being built as a residential, commercial and business hub alongside the new extension of Dubai Creek (stretching from Ras Al Khor to Sheikh Zayed Road). Once completed, there will be several properties for sale in Business Bay comprising both offices and residential towers.
The property for sale in Business Bay has seen a sudden hike, especially in the sale of studio apartments. However, the median price for property in Business Bay has fallen compared to the previous year. Nevertheless, the median price per sq ft and the number of transactions have increased rapidly. In Business Bay, the median price per sq. ft. is AED 1,731 which increased by 28.11% year over year. Further, the median price is AED 1,189,250 with a 3.97% increment compared to the previous year. Also, the number of transactions is 7,498 with a 100.37% increment. We can conclude that as of 2022, the business of real estate in Business Bay is booming.
Business Bay is a trendy residential and commercial hub and is quite popular as a mixed-use neighborhood. It is situated in the midst of the Dubai Canal and is neighboured by Downtown Dubai. Business Bay is filling fast and will soon become a central business hub of Dubai. It offers world-class amenities and a swift pace of life.
Residential properties are properties in Business Bay that are popular in the form of apartments, townhouses, villas, hotels, land, builder floor, etc. But here, investors are mostly investing in new and upcoming projects like Damac Zada Residences, Deyaar Fifty One, Avanti Tower, Damac Maison Prive, and many more.
For 1-bedroom apartments, the average transaction sales price is AED 1,135,875 for the last three months. However, the starting price starts from AED 316,250. The apartments in Business Bay are available in several configurations including studios, and 1-bedroom to 6-bedrooms. These apartments form the tall skyscrapers of Dubai. For apartments, off-plan communities are also popular that include properties by Damac Properties, MAG Property Development, and Select Group, among others.
For 3-bedroom villas and townhouses, the average transaction sales price is AED 1,135,875 for the last three months. However, the starting price is AED 316,250.
Villa houses have several rooms and modern interiors all on a single level. Villas are spacious, elegant, and luxurious. They are often private properties with lush green gardens and huge courtyards. In the Business Bay of Dubai, there are several options to invest in. The property for sale in Business Bay is mostly purchased or rented out by individuals. It is a perfect place for youth as they can live and work here due to its mixed-use property purpose. The townhouses are also purchased by many investors because of the rich neighborhood of Business Bay including buy property in Dubai Downtown, Dubai Design District, and Jumeirah.
There are numerous commercial properties for sale in Business Bay. These include plots, retail shops, and office spaces. Business Bay Dubai will soon become an industrial hub just like Manhattan in NYC. Investors are investing in bulk, especially for commercial off-plan property. The upcoming commercial projects are Deyaar Fifty-One, Dubai Vision Tower, The Oberoi, Tameer Silver Tower, etc.
The prominent features one should consider before investing in real estate in Business Bay are as follow:
The most prefered property type in Business Bay, Dubai is apartments. The size of apartments varies from studio to up to 6-bedroom ones. Even the sale price for apartments has increased as the demand boosts. Since it is a mixed-use locality, the purchasing of commercial property is also getting a boost. Investors are investing in office spaces, plots, and retail shops in Business Bay of Dubai. Further, expats or emirates are also buying penthouses, villas, and townhouses (mostly 3-bedroom units), as per trending reports.
Business Bay offers the perfect opportunity to live and enjoy an active lifestyle in Dubai. It is an elite place that can help you maintain an excellent lifestyle with fun activities, sports, and nightlife in popular pubs, cafes, and restaurants. It is also a popular place for investors due to booming residential and commercial projects. One can enjoy the charm of luxurious hotels like JW Marriott Marquis and the Oberoi, and cuisines and buffets. For casual food you can enjoy Pizza Guys, Curry Box, Kcal, and Tangerine, to name a few. There are several leisure and entertainment activities that take place from time to time.
Suggested sub-head - Basic Utilities and Entertainment Facilities Nearby
There are no schools in Business Bay. However, in the neighbouring areas, there are plenty of schools for kids of all age groups. Also, the distance between Business Bay and these schools is fairly short. Some prominent schools are the Jumeirah English Speaking School, The English College Al Safa and the GEMS Our Own Indian School.
You can enjoy the following things while visiting Business Bay for the first time :
The nightlife in Business Bay is amazing. There are so many cafes and restaurants to entertain you and serve delicious cuisines from around the world. Some of them are Café Artois at Bridgewater, Hotel Cartagena, La Mezcaleria, Makar, PizzaExpress Live, Seven Sisters, The Eloquent Elephant, Treehouse, and Weslodge Saloon.
To enjoy the perfect Dubai winter weather, you can visit the Dubai Water Canal. It is a few minutes away from Business Bay. Living or working in Business Bay will allow you to enjoy running or biking, jogging, and cycling near Dubai Water Canal.
Bay Avenue Park has two outdoor gyms, a jogging track, a trampling area, a beautiful green garden, a mesmerizing view of Burj Khalifa, light installations in the shape of butterflies, and an elegant park. There are several places within a walking distance if anyone wants to grab a snack. It is the perfect place for a picnic with family or friends. It also has a skate park. It is open every day and accessible 24 hours.