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Business Bay is a fashionable area that combines a variety of commercial centers and residential properties in an area of more than 7 square kilometers. There are banks, branches of foreign organizations, shopping areas, office buildings, premium homes, villas, restaurants and luxury hotels. There are a total of 240 skyscrapers comprising residential and commercial spaces.

 

The neighborhood is adjacent to Downtown Dubai. On both sides is located the Dubai Water Canal – a waterway, a length of 3.2 kilometers. It connects Business Bay with the old city. The waterfront is characterized by modern infrastructure, an abundance of restaurants, luxury hotels such as Hilton Al Habtoor City and V Hotel, shopping and entertainment complexes. The views from these locations are beautiful. Along the waterfront you can bike, walk or jog.

 

Development of the area began over 20 years ago, and in 2017, Australian publishing company Lonely Planet listed the area as one of the top five places to visit.

 

Benefits of buying real estate in Business Bay

 

The Business Bay area enjoys widespread popularity not only in the business environment, but also as a promising residential destination. It offers ideal conditions for working, investing, living and entertaining. In addition, the area has a large number of advantages for living.

 

Large selection of residential real estate.

 

Families who want to settle down in a cozy and comfortable environment buy real estate in Business Bay. You can choose from: townhouses, villas and apartments. Modern residential real estate is characterized by the presence of: swimming pools, playgrounds, parking lots and other infrastructure. 

 

Convenient location.

 

Business Bay district is located in the central part of Dubai. Thanks to this, many business meetings and events are organized here. Well-developed transportation network allows easy access to the metro station or highway. 

 

Economic attractiveness.

 

Thanks to favorable business policy, modern infrastructure, and a large number of prestigious buildings – this area is attractive for investment and business.

 

High standard of living.

 

Living in Business Bay is an opportunity to enjoy first-class amenities. From advanced hospitals to specialized clinics, from small brand stores to large-scale shopping malls, this area has it all. There are also prestigious educational institutions offering comprehensive development programs. Everything you need is located within quick accessibility, providing residents with a high level of living comfort.

 

Multicultural Population.

 

The neighborhood is characterized by a cosmopolitan atmosphere. People of different nationalities and walks of life live here. This is a great environment for communication, development and cultural immersion.

 

Neighborhood Infrastructure.

 

Business Bay is characterized by a well-developed and detailed transportation infrastructure. There is a 4-lane traffic. From anywhere in Dubai you can get to Business Bay via Al Khail Road and Sheikh Zayed Road. Using the metro, you can go to both ends of the city. Since there is a canal on both sides of the area, it was a great opportunity to build many stops for water public transportation. There are also private marinas. By taking advantage of water transportation, one can reach areas such as Al Wasl, Jumeirah and Sheikh Zayed Highway.

 

Pre-school and school education is given special attention. From an early age, children can attend institutions such as First Path Montessori, Canadian Kids Nursery, Learning Tree Nursery. Education is provided in three languages: Arabic, French and English.

 

There are also more than 10 schools available to residents, including Clarion School, Global Indian International School Dubai, Horizon English School Dubai. Depending on the chosen educational institution, it is possible to study according to the British or American system.

 

Health care is one of the priority areas in Dubai. There are many medical centers and hospitals located in Business Bay. The quality of service corresponds to the world level.

 

Clinics are located both in the area and within 10 minutes drive, such as: Medcare Hospital Al Safa and Zabeel Health Center.

What kind of real estate to buy in Business Bay 

 

Dubai’s thriving business district is an opportunity to choose any type of property for sale in Business Bay, from a small and cozy apartment to a luxurious villa.

 

Properties in Business Bay, Dubai are delightful with panoramic views of the picturesque Dubai Water Canal and the city skyline. Here, unrivaled amenities are combined with luxurious living. Everyone who decides to buy real estate in Business Bay will be able to surround themselves with an urban oasis among the dynamic metropolis. 

 

Since Business Bay is a business district, the main types of properties for sale in Business Bay that are presented for sale are: penthouses, townhouses, duplexes and apartments. The main indicators by which to choose housing are: the view from the window, the floor and the availability of furniture.

 

  • Penthouses. Penthouses are spacious and modern living spaces. Living in a high-rise house allows you to immerse yourself in abundance and sophistication. 
  • Townhouses. This type of property is characterized by a meticulous layout. Emphasis is placed on functionality. This type of property allows you to enjoy an urban lifestyle while still maintaining privacy.
  • Villas. Spacious villas with luxurious grounds exude luxury, unrivaled style and comfort. The interior of each villa is individually designed and unique, emphasizing the sophistication and refinement of the lifestyle.
  • Apartments. A popular type of real estate, characterized by comfort and availability of everything you need. The minimum size of a one-bedroom apartment can vary depending on the location, type of property, and the specific project or developer. Usually in new residential complexes it ranges from 40 to 60 square meters. However, there are also projects offering compact studios or studio apartments with an area of less than 40 square meters.

 

For investors – this is a first-class destination, as here business opportunities are successfully combined with living in luxury housing.

 

Cost of real estate for sale in Business Bay

 

Dubai Manhattan, that is how it is called Business Bay. In this business district, residential complexes offer an extensive set of amenities that make life especially attractive. 

 

According to data for March 2024, the cost of real estate in Business Bay starts from 450 000 AED. For this price you can buy a stylish and functional studio of about 35 m2. The price of a one bedroom apartment varies from 560,000 AED to 700,000 AED. The area of such apartments can vary from 50 to 70 m2. Usually it is one bedroom and 1 living room. Two-room apartments, where 2 bedrooms and 1 living room are presented can be bought at a price of 1.4 million AED. The cost of a luxury four-room apartment starts from 2 million AED. The cost of a villa with an area of 250 -300 m2, is from 5.5 million AED.

 

Many people choose compact and functional townhouses, prices for such Business Bay properties for sale range from 2 million AED. to 4 million AED.

Lifestyle

 

The business district provides not only excellent conditions for business development, but also for living. There is an impressive number of luxurious restaurants, small cafes, and many lively places where you can spend your free time. Guests of the city can be accommodated in the best five-star hotels, which impress with the level of service and harmonious atmosphere. Nightlife lovers will not be disappointed, as there are many nightclubs and themed bars.

 

All conditions are provided for family life: quality medical services, kindergartens, pre-school developmental institutions, schools.

 

Real Estate Investment

 

The quality and standard of living in Business Bay is at the same high level as Downtown Dubai, but the price level of real estate is lower. There is a constant construction of premium class residential projects. Well-developed transportation infrastructure allows for 10-30 minutes to get to the most popular destinations such as Dubai Marina, Burj Al Arab, Palm Jumeirah, Dubai International Airport.

 

This area is attractive for tourists, business people, foreign professionals planning to work in Dubai. Demand for rental housing is consistently high, so investing in real estate – a rational decision. The return on investment is high. It is 5.7% for apartments, 6.8% for studios. Given that the infrastructure is constantly developing and real estate prices are rising, the investment attractiveness increases.

 

Cooperation with us

 

Alira is a leading company providing comprehensive services in Dubai. A team of experts is ready to help you find the right Business Bay property for sale, provide price analysis, conduct legal procedures and manage the property.

 

Advantages of cooperation with the company:

 

  • Individual approach. The desires and opportunities of clients are taken into account.
  • Staff of professional specialists. The company employs experts who ensure the benefit and safety of each transaction.
  • Up-to-date databases. Information on residential and commercial stock is constantly updated, which allows specialists to select the best options.
  • Impeccable reputation. The wishes of our clients are always a priority. By working with Alira you are choosing a reliable partner.

 

Dubai is full of investment opportunities. You can make sure of this by contacting Alira. Specialists will choose the right property, which will be the first step to a successful investment. Our company will help you to negotiate the best price and properly formalize the transaction.  If necessary, we provide services for meeting the client, organizing transfers and accommodation. 

 

Sign up for a consultation at +7 (986) 927-73-77 and +971 (588) 337 903 or email info@alirarealestate.com. It is also possible to leave a request on the website. Contact us today and become part of the business environment at Business Bay.

FAQ

Some of the best residential complexes include: Millennium Binghatti Residences, DAMAC Towers by Paramount Hotels, Al Habtoor City, Executive Towers, and U-Bora Tower. There are both studios and spacious 4-room apartments.

Profitability depends on the area of the apartment, the larger it is, the less profitability. According to statistics, the ROI of a one-room apartment per year is 5.8%, and 4-room apartment 3.9%.

The cost of studios starts from 400,000 AED. This is the minimum cost for 30-35 m2.

First of all, you can familiarize yourself with the information on the aggregator site, find out the price level and highlight the preferred objects. You can familiarize yourself with the information on the aggregator site, find out the price level and highlight the preferred objects. Or you can contact us to learn more about real estate in the area

6

Apartment in Damac Bay by Cavalli

3 400 000 AED
1
1
80.4
8

Villa in DAMAC Lagoons

3 000 000 AED
4
5
300.0
13

Villa in Damac Lagoons

5 500 000 AED
6
7
379.0
19

Apartment in Binghatti Canal

120 000 AED
1
1
65.4
11
7

Apartment in DAMAC Bay by Cavalli

3 600 000 AED
1
1
85.4
6

Apartment in DAMAC Bay 2 by Cavalli

5 500 000 AED
2
3
148.7
9

EDGE от RAK Properties

2 850 000 AED
2
3
151.0
9

ARLO от Emaar Properties

1 700 000 AED
1
2
65.0
7

Dubai Harbour Residences

3 870 000 AED
1
2
98.0
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