Business Bay - Dubai

Highlights

ABOUT BUSINESS BAY DUBAI

Located next to the sparkling Dubai Canal, Business Bay is a fashionable area of Dubai that offers a variety of uses. Its bustling surroundings include Downtown Dubai, which happens to be the most exciting part of the city.

Covering an area of 46.9 million square feet, Business Bay Dubai is divided into three categories- residential, commercial and mixed use- with 22.1%, 18.5% and 59.4% respectively. This well-known destination houses prestigious global and local enterprises, impressive architectural feats, distinguished hospitality chains, excellent public transportation options as well as top-notch facilities.

As per the H1 2022 sales report of Bayut and dubizzle for Dubai, Business Bay is among the favored locations to purchase reasonably priced apartments.

Neighbourhood

COMMUNITY OVERVIEW

The place, as its name suggests, hosts business establishments such as renowned offices, financial institutions and retail stores. Business Bay is a bustling hub that draws in plenty of youthful experts due to its energetic atmosphere. Its allure is further enhanced by its close proximity to Downtown Dubai, Sheikh Zayed Road and DIFC. The area also houses some of the top hotel brands like Taj, Anantara and Marriott.

Dubai Properties Business Bay offers a varied lifestyle for young couples, singles and families who invest in apartments. The area boasts an array of gorgeous housing options including penthouses, hotel apartments and hotels that have made it a highly sought-after address for renters, buyers and tourists alike. Additionally, Dubai Design District and the beloved neighborhood Jumeirah are both located nearby.

Properties in Business Bay Dubai

The Business Bay district is situated in a highly desirable part of the city and boasts an array of residential options, including apartments and penthouses. The area's skyline is dominated by numerous iconic buildings that contribute to Dubai's impressive urban landscape. There are various apartment sizes available in Business Bay, ranging from studios to 3-bedroom units as well as larger 4-bedroom luxury flats and lavish penthouses.

Business Bay offers penthouses with four bedrooms that range from 6,600 sq. ft. to 7,341 sq. ft. Additionally, you can locate duplexes featuring four roomy bedrooms and one maid's quarters amongst five to six bathrooms. The units come complete with floor-to-ceiling windows, open and fully equipped kitchens, comfortable dining and living areas as well as storage rooms and parking spaces for residents' convenience. These penthouses also boast an expansive terrace area accompanied by a private pool for unparalleled luxury living experience.

The Business Bay area of Dubai Properties is not only host to numerous hotel apartments, ranging from studios to 3-bedroom layouts. Each unit features bedrooms with attached bathrooms, a generous living space, a fully-equipped kitchen and an additional sitting area. Large windows line these units along with expansive balconies/terraces.

In addition to the Sky Villas and Marasi floating villas situated alongside the Dubai Canal, there are several pavilion villas available for rent within the Executive Towers.

Commercial buildings in Business Bay Dubai

The Business Bay area boasts several well-known commercial buildings, such as The Binary, Clover Bay Tower, The Prism, Tamani Arts Offices, The Citadel, Bayswater Tower, Iris Bay, The Exchange Business Bay and Metropolis Tower.

The Binary by Omniyat consists of two towering buildings, one with 21 floors and the other with 24. The five podium levels interconnect these structures, while three underground floors support the complex's infrastructure. Additionally, a ground floor offers multiple entrances to both towers as well as access to 15 retail units.

Omniyat's Bayswater boasts 293 offices, while Deyaar's The Citadel offers a staggering 406 offices across its impressive 48 floors.

UPCOMING PROJECTS IN BUSINESS BAY

Business Bay offers a variety of in-demand off-plan projects for investment. Some examples are Peninsula by Select Group, Safa Two and Chic Tower by DAMAC Properties, Regalia by Deyaar, The Paragon by IGO and Jumeirah Living Business Bay.

RENTAL TRENDS IN BUSINESS BAY

There is a range of amenities offered to tenants in popular Business Bay apartment rental buildings. These include fully equipped gyms, swimming pools, designated areas for children to play, covered parking spaces and access to retail areas.

In Business Bay, the prices of studio apartments vary from AED 44k to AED 160k per year. For those looking for a one-bedroom apartment in the same area, yearly rent costs range between AED 59k and AED 235k. Similarly, rental options for a two-bedroom flat in Business Bay start at AED 80k and go up to AED 435k annually.

If tenants require more space, they have the option to choose between 3 or 4-bedroom flats in Business Bay. The yearly rent for a 3-bedroom flat starts at AED 109k and can go up to AED 380k. For those interested in a larger accommodation, the rental price range for a 4-bed apartment is between AED 244k and AED 550k yearly.

Hotel apartments in Business Bay are available in a range of configurations, from studios to 3-bedroom units. The annual rent for studio hotel apartments ranges between AED 105k and AED 120k, while the cost for renting a 1-bed apartment is between AED 90k to AED 205k per year.

In Business Bay, there are various options for those looking to rent hotel apartments. 2-bed units can cost anywhere from AED 140k to AED 380k annually, while larger and more spacious 3-bedroom options range between AED 160k and AED 300k in price.

Business Bay offers 4-bedroom penthouses for rent, with rental prices ranging from AED 369k to AED 1.62M.

In Business Bay, there are several villas available for rent. If you're looking to rent a three-bedroom villa in this area, the annual cost will be around AED 235k. For four-bedroom villas, the rental price ranges from AED 288k to AED 350k per year.

In Business Bay, there are residential floors available for rent that range in size from 1,354 sq. ft. to 28,500 sq. ft. The annual rental fees vary from AED 105k to AED 3.6M.

When it comes to commercial properties, the district offers rental options for both shops and offices. The pricing of office rentals in Business Bay ranges from AED 45k to AED 5.8M annually, while shop rentals can cost anywhere between AED 46k and AED 2.9M per year.

Sales trends in Business Bay

Investors and homebuyers have shown interest in acquiring apartments located in Business Bay. The starting price for studios is AED 1.05M, while the maximum price can go up to AED 2M. For individuals looking for a 1-bedroom flat, prices range from AED 650k to AED 5.33M. Opting for a 2-bedroom apartment would cost around AED 850k, whereas going for a bigger space like a 3-bedroom flat will start at AED 1.38M and reach as high as AED36M.

In Business Bay, there are a variety of apartments on offer with different numbers of bedrooms. Prices for 4-bedroom flats start at AED 2.85M and go up to AED 80M, while the cost of a 5-bedroom apartment lies between AED 3.8M and AED 99M. If you're interested in purchasing a spacious 6-bed flat, prices range from AED 35.9M to AED 39.1M. The cost of owning a sizable seven bedroom flat in Business Bay would be around AED24.5 million.

In Business Bay, individuals interested in purchasing hotel apartments can discover units ranging from studios to 3-bedroom options. Studio hotel apartments for sale fall within the AED 570k to AED 1.65M range, while prices for a 1-bed unit range between AED 760k and AED 3.49M. Long-term visitors might want to explore the option of a spacious two-bedroom hotel apartment, which costs between AED 1.43M and AED6 .52M. Those who require more space could consider a three-bedroom unit priced at AED2 .5M in Business Bay.

Business Bay offers a variety of penthouses with 2 to 5 bedrooms. The cost for a two-bedroom penthouse in this area ranges from AED 3M to AED 23M, while the sale price for a three-bedroom option starts at AED 4.28M and can go up to AED 37M.

In Business Bay, the prices of penthouses vary depending on their size. The 4-bedroom option ranges from AED 3.6M to AED 100M while the 5-bed penthouses cost between AED 16.4M and AED 100M. For those looking for a more spacious option, the sale price of a 6-bed penthouse is somewhere between AED 22.9M and AED 42.2M, whereas a slightly larger one with seven bedrooms would cost investors anywhere from AED 30M to as much as AED119.8M . If you're interested in an even larger space with eight or more rooms, then expect to pay aroundAEd77.9 million.
 

In Business Bay Dubai, there are capacious villas on offer for purchase. These properties come in the form of 2 to 4-bedroom units. The cost of a 2-bedroom villa is around AED 2 million. For a 3-bedroom villa in Business Bay, prices range from AED 2.9 million to AED22.9 million, while a 4-bedroom villa can be bought between the price brackets of AED4.18 million and AED22.7 million.