Properties for Sale in Chic Tower, Dubai

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.

Avg. Business Bay Housing Pricing Trend For Sale

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. 

Property Types Available With Avg. Sale Price Trend

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.

Housing Characteristics in Business Bay Year Built

The prominent features one should consider before investing in real estate in Business Bay are as follow:

• • Every apartment has dedicated parking areas accessible to all the people residing there.
  • Business Bay is well-connected to the most popular highways in the North and a direct exit that leads to Downtown Boulevard.
  • There is a Metro station available in Business Bay if you want to travel anywhere in Dubai using public transport. You can also use the bus or taxi to commute from one place to another.
  • In Business Bay, there are well-maintained supermarkets like Spinneys, Choithrams, West Zone Supermarket, Al Maya supermarket, and several Zoom mini-marts in nearby towers. 
  • There is a church, temple, and mosque in Business Bay representing the faiths of all the people residing there.
  • Schools are available in nearby areas not far from Business Bay. For every age group, there is a perfect school that caters to all the educational needs of kids’. 
  • There are several clinics and pharmacies to assist you when required. 
  • Business Bay is a central location with a few minutes access to all neighbourhoods like Downtown Dubai, the industrial area of Al Quoz, contemporary Al Habtoor City, Dubai Canal, Al Safa, Jumeirah and Sheikh Zayed Road. 
  • Business Bay offers both residential and commercial places making it the perfect place to invest. Also, it offers a vibrant and fast-paced lifestyle.

Most Preferred Lot Size / Unit Size in Business Bay

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.

Desired Amenities Preference in Business Bay With Availability %

• • Investing in real estate in Business Bay is the best option due to the reasons that any individual looks for before purchasing or investing in any real estate property.
  • Business Bay is a great option and offers a key benefit due to its location. buy apartments in Business Bay are located just opposite Downtown Dubai and offer a lot of space at affordable prices. Due to its location, The Dubai Mall, Souk Al Bahar, Dubai Opera and the trendy Downtown Dubai restaurants are all only a few minutes away.
  • Business Bay has a vibrant neighbourhood and thus has diversified nationals living together peacefully. No one nationality can define the environment and surroundings of Business Bay. On several occasions, many events are hosted at Bay Avenue. These events help different nationalities of residents to come together and create a friendly environment.
  • Business Bay is the perfect place for people who want to live a high-end lifestyle. There are several hotels that offer great dining along with amazing nightlife. Also, several live artistic performances take place regularly. 
  • The neighborhood is well-connected and every popular locality like Downtown Dubai, The Dubai Mall, Souk Al Bahar, Dubai Opera, and Dubai Canal are accessible via bus, metro, cab, and private cars.
  • There is every facility available in Business Bay, including retail stores, convenience outlets, and supermarkets. There are plenty of yoga studios, beauty salons, gyms, and spas in Business Bay. Even the restaurants offer amazing cuisines which are pocket-friendly. 

Lifestyle Features

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.

Schools / Restaurants / Shopping Complex / Healthcare Centers

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.

Restaurants in Business Bay are as follow :

• • BASTA
  • Bleu Blanc Oysters & Grill
  • Bombay Brasserie
  • Prime68
  • La Mezcaleria
  • Long Teng
  • The Eloquent Elephant
  • Miss Tess
  • Nurai
  • Pacific Groove
  • ROKA
  • Tong Thai

Healthcare centres and clinics available are :

• • Emirates Hospital Clinic
  • Aster Clinic, Business Bay
  • Medilife Health Care Clinic
  • Pearl Dental Clinic
  • BeClinique Dubai
  • Magic Style Dental Clinic
  • Rona Rabah Dental Clinic
  • Oval Dental Care

Things To Do When You Visit Business Bay For The First Time

You can enjoy the following things while visiting Business Bay for the first time :

• Entertaining Nightlife

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.

• Dubai Water Canal  

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 

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.