The Business Bay area in Dubai is known for its upscale offices and expensive apartments. It is an ideal location for international corporations seeking to settle in the Middle East.
About the area
Business Bay is a trendy residential and business center of Dubai, which is surrounded by the sparkling waters of the Dubai Canal. Its neighbor is Downtown Dubai.
The center is distinguished by a large number of luxury amenities and a dynamic lifestyle. The area is 7,430,000 m2, and the return on investment is from 3.9%. All these advantages allow a multifunctional center to compete with residential and commercial ones of the same size.
Investment benefit
The favorable location and excellent reputation attracts investors.
Despite the greater number of high-rise buildings, here you can pick up an immovable object in low-rise buildings.
In the first half of 2018, Business Bay was recognized as the best investment platform in Dubai. At that time, 1934 transactions related to real estate were concluded. The amount was 4.2 billion dirhams.
Investments continue to grow to this day. Rental income now stands at 10% – this is one of the highest rates in the world.
Real estate in Business Bay
Pricing policy:
| Skyscrapers | Price, in AED |
| Jumeirah Living Business Bay | from 7,500,000 |
| Da Vinci Tower from Pagani and Dar Al Arkan | on request |
| Marquise Square from SRG Holding | from 900,000 |
| AHAD Residences from Ahad Group | from 1,215,000 |
| Regalia | from 934,000 |
| Urban Oasis by Missoni | from 1 000 000 |
| The Sterling | from 922 000 to 14 208 526 |
| The Opus | from 2,600 000 |
| 15 Northside | from 580,000 |
| DAMAC Reva Residence | from 664,813 |
| DAMAC Maison Prive, Elite Business Bay Residence, The Dorchester Collection, The Atria | on average from 5,900,000 to 57,200,000 |
Jumeirah Living
The luxury skyscraper includes:
- 35 floors;
- 82 residences;
- apartments with 2-4 bedrooms;
- 2-level penthouses with 5 rooms with an area of 186-1115 sq.m.
Advantages:
- first-class service;
- exclusive amenities;
- location among business and entertainment centers;
- necessary infrastructure: supermarkets, kindergartens, schools, clinics,cafes;
- assignment of gold and silver membership cards;
- continental breakfasts, discounts on spa treatments, Jumeirah Group restaurants.
Da Vinci Tower by Pagani and Dar Al Arkan
The construction is planned to be completed in December 2023.
The 80 elite residences will include: penthouse, apartments, townhouses.
The developer plans to partially furnish each of them. In the kitchen there will be built–in appliances, and in the bathroom there will be plumbing from top brands, for example, Duravit.
Features:
- the project from a reliable company has been on the market for 27 years;
- creating world–class conditions;
- the opportunity to use the services of a concierge, babysitter, maid, dry cleaning;
- availability of parking spaces;
- direct access to the embankment;
- suitable for all ages and marital status;
- 10 minutes walk to attractions.
Marquise Square from SRG Holding
A residential skyscraper in the form of a beveled diamond with glass facades was built in 2019. It consists of 29 floors, on each of which you can find a layout to your taste. The room is equipped with panoramic windows, from which a beautiful view opens.
Advantages for property owners – availability:
- security;
- children’s play area;
- multifunctional outdoor court;
- adult and children’s pools;
- grocery stores;
- concierge-24/7 service;
- 5 elevators for passengers and the 1st cargo;
- parking area.
AHAD Residences by Ahad Group
The building will be executed in a restrained style and include 31 floors. Construction began in 2018 and continues to this day. It is planned to finish in the second half of 2023.
The complex includes luxury studios, 1,2,3-room apartments ranging in size from 39 to 238 sq.m. The layout also includes balconies, spacious terraces and panoramic windows.
Advantages:
- first-class finishing;
- premium plumbing;
- equipped kitchen;
- the opportunity to purchase an individual package of furniture (furniture is not included in the standard configuration of residences);
- extensive range of services and amenities: swimming pools, parking lots, ports for charging electric cars, halls.
Regalia
Construction began in August 2021. The 70-storey tower has a height of 331 m. The podium part has absorbed everything necessary for a comfortable stay and rest:
- yoga halls and gym equipment;
- juice bar;
- children’s play and reading area;
- jacuzzi;
- business center.
You can also take advantage of the landscaped garden, where there is a barbecue area and an open-air cinema.
Urban Oasis by Missoni
Will be located on the bank of the Dubai Creek Canal. The construction is planned to be completed at the end of 2023. Architecture and design from the Missoni brand: everything is done in light and basic colors with the addition of bright accents.
The complex will include both studios and apartments with 1-4 rooms. Each will have everything you need:
- central air conditioning system;
- spacious balcony;
- high-speed elevators;
- CCTV cameras;
- 24/7 security.
The main advantage is the placement on the lower floors of shops, restaurants, shopping centers. And at the podium level there will be an area with an outdoor swimming pool at 800 m.
The Sterling
The multi-apartment facility consists of 2 towers with studios, apartments and penthouses.
Features:
- recreation areas;
- gym;
- spa and jacuzzi;
- entertainment facilities.
The Opus
The high-rise building has a unique futuristic design. It was created according to the project of Z.Hadid is the first woman in the world to be awarded the world’s highest award in the field of architecture. Therefore, the object is classified as a work of art. Here you can buy 1-3-room apartments or penthouses.
Advantages:
- hotel lobby bar;
- heated swimming pool;
- luxury spas;
- equipped gym;
- 24-hour concierge service.
15 Northside
The property will be rented out at the end of this year. On the 21st floor there are 349 bright and spacious residences, each of which has balconies, windows from ceiling to floor. They are fully equipped. Here you can buy studios or an entire floor for further rental.
Nearby there is an embankment with a length of 3.2 m, which is perfect for jogging, walking and cycling.
Advantages:
- there are bus stops, cafes, restaurants, entertainment facilities nearby;
- many amenities are available – swimming pools, halls, tennis area, covered parking.
DAMAC Reva Residence
a 30-storey apartment building accommodates apartments with 1-2 rooms.
Advantages:
- convenient location;
- children’s club;
- 24/7 security;
- temperature-controlled swimming pool;
- covered parking;
- saunas and gyms.
DAMAC Maison Prive
Apartments with 1st and 2nd rooms are fully furnished. There are various attractions nearby, as well as a Safa park for walking.
Features:
- close to public transport;
- SPA;
- security;
- gym;
- air conditioning;
- concierge services.
Elite Residence
The building with 24 residential floors and 4 podiums is located near the embankment. The building with a modern design is ideal for families.
Features:
- location near shopping center and public transport;
- CCTV cameras;
- security;
- parking;
- supermarket;
- barbecue area.
The Dorchester Collection
A building with two towers: the first is represented by a hotel (5 stars), and the second by residences. It is distinguished by landscaped gardens and branded restaurants. Nearby there is a 690-foot pedestrian and bicycle path, as well as a beautiful view of the night city. Among other amenities, it is worth noting a’la carte services: room cleaning, maintenance, catering, etc.
The Atria
The property with modern studios and apartments is located near the motorway. The bright apartments are equipped with spacious living rooms, dining rooms, kitchens with new equipment.
Features:
- advantageous location to other city centers;
- the opportunity to use different types of public transport;
- restaurant;
- shopping center;
- near the metro;
- gym with exercise equipment;
- underground parking.
Main attractions and projects within the development of the district
Bay Square
The lively open-air place includes 13 low-rise buildings. There are various restaurants and services here. The area can be reached by public transport. The total area is 5.1 million square feet. This place will be ideal for relaxing walks, visiting cafes, fountains and shops.
Bay Avenue
The arena of two levels of retail space (indoor and outdoor) includes cafes, restaurants, boutiques, playgrounds and exhibition halls. Sports grounds, a skate park, trampolines, a mosque and a fountain are also located on the territory of the park.
Expansion of Dubai Bay
Dubai Creek has been expanded to the Persian Gulf up to 26.2 km. The project was completed at the end of 2010. Today, the bay is a significant historical and business district of the city, which attracts the attention of most tourists from all over the world. It is also included in the public transport system – water buses, taxis, ferries and local boats of the ADB move along it.
Frequently asked questions about Business Bay
What kind of residential complexes are there?
List of popular LCD:
- Executive Towers.
- DAMAC Towers.
- Paramount Hotel & Resorts.
- Merano.
- Capital Bay.
- Ontario.
What is the average cost of buying a property?
| Number of rooms | Price, in dirhams |
| Studio | from 418,000 to 1,480,000 |
| 1 | from 550,000 to 2,800,000 |
| 2 | from 850 000 |
| 3 | from 1,300,000 to 19,800,000 |
| 4 | from 2,300,000 to 32,400,000 |
| 5 | from 4,400,000 to 40,000,000 |
| 6 | 27 800 000 |
| penthouse | from 2,400,000 to 72 800,000 |
What is the average real estate rental receipt?
| Number of rooms | Rent per year, in dirhams |
| studio | 28 000-200 000 |
| 1 | from 35 000 |
| 2 | 87,000 |
| 3 | 120,000 |
| 4 | 190,000 |
| penthouse | from 200,000 to 1,300,000 |
| villa | 247,000 |
| office | from 1500 to 5,900,000 |
| shop | from 39,000 to 2,300,000 |
| hotel apartments | from 37,000 to 288,000 |
Where to go shopping?
There is an excellent selection of shops in Bay Avenue. The center is able to compete with the Mall in Dubai.
What are the educational facilities to choose?
Gardens:
- Kindergarten Hummingbird.
- Maple Bear.
- Blossoms.
- Churchill Towers.
Schools:
- Jumeirah.
- Safa.
- Gems Wellington.
- Al Quoz.
- Towheed – Iranian for boys.
- GEMS.
- GIIS.
In which clinics and hospitals can I be examined?
The best option is the Emirates Hospital Clinic on Bay Avenue. The institution employs professionals. There is also an excellent diagnosis here.
If you need to be examined more thoroughly, then go to the Medcare hospital
What kind of transport can I use?
Taxis and buses are available in the quarter. There is also a metro station on site.
Which hotel is better to stay in?
The best hotels in the Business Bay area in Dubai:
- Steigenberger with the best Backyard night bar.
- Radisson Blu Waterfron. It is distinguished by the presence of conference rooms.
- JW Marriott Marquis. It has a large hall for special events.
- Taj Dubai with Deluxe rooms.
- Oberoi. On the territory there is an institution with exquisite Indian cuisine.
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