Business Bay, Dubai, is a thriving financial district located just 2 kilometres away from the heart of the city. Inspired by Manhattan in New York City, this cosmopolitan area boasts a skyline of skyscrapers, commercial centres and residential developments, making it an attractive destination for both professionals and residents. Here’s an overview of what Business Bay has to offer. We will also explore the available properties for sale and rent in the area.
Bird’s Eye View of Business Bay
Business Bay is a prominent and highly desirable commercial district within the city. The area, located between Sheikh Zayed Road and the Dubai Water Canal, offers convenient access to Dubai’s main roads and key locations.
It’s also near the renowned Dubai International Financial Centre (DIFC) district and is positioned to the South of Downtown Dubai. As a thriving hub for business and commerce in Dubai, Business Bay has seen substantial infrastructure development over the years. Moreover, the well-designed road network ensures smooth connectivity in the Business Bay area.
In addition to providing a vibrant lifestyle, the Business Bay community presents a diverse range of real estate options tailored to different preferences and lifestyles.
Now, let’s delve into the property types available in Business Bay and their yearly trends. We will also take a closer look at the amenities within the area.
Properties For Sale in Business Bay
Business Bay offers a wide range of property choices, including commercial spaces in iconic buildings such as Executive Towers, SLS Dubai Hotel & Residences and Al Habtoor City. It’s also a sought-after location for professionals, investors and residents, thanks to its central location and urban amenities.
Here are the properties for sale in Business Bay.
Apartments for Sale in Business Bay
Business Bay is home to a wide different apartment types catering to different preferences and lifestyles. Moreover, the area provides a diverse range of residential and commercial properties, making it one of the most desirable locations in the city. Within this district, you can find an array of prestigious buildings and developments, featuring both luxury and more budget-friendly options to suit a wide range of needs.
Whether you are in search of high-end apartments, modern office spaces, or well-designed commercial establishments, Business Bay has you covered. Besides, the property options encompass everything from studio apartments to spacious multi-bedroom units and generous office spaces, ensuring there’s something for everyone.
Moreover, the top building choices for buying apartments in Business Bay include Executive Towers, SLS Dubai Hotel & Residences and DAMAC Towers by Paramount Hotels and Resorts among others. With an average price of AED 3,397,000, the area boasts a 5.32% ROI on average, annually.
| Community | ROI | Avg. Price (AED) | Studio | 1-Bed | 2-Bed | 3-Bed |
| Executive Towers | 7.06% | 2,044,000 | 935,000 | 1,219,000 | 1,903,000 | 2,605,000 |
| SLS Dubai Hotel & Residences | 6.45% | 2,716,000 | 1,169,000 | 2,564,000 | 5,720,000 | 11,362,000 |
| DAMAC Towers by Paramount Hotels | 6.93% | 1,904,000 | 1,006,000 | 1,666,000 | 2,504,000 | 3,214,000 |
| Al Habtoor City | 5.50% | 4,324,000 | NA | 1,904,000 | 2,661,000 | 4,394,000 |
| Merano Tower | 7.45% | 1,120,000 | 667,000 | 1,088,000 | 1,520,000 | 2,085,000 |
Apartments For Rent in Business Bay
Bayz by the Danube, in particular, is a standout residential complex in Business Bay due to its lower average annual rental prices. For those who want to rent in Dubai, this sought-after property offers a variety of apartment types, ranging from studios to 1, 2 and 3-bedroom units.
The average annual rental cost in Business Bay is AED 87,000. Now, let’s delve into the rental trends for apartments in this vibrant district.
| Community | Views% | Avg. Price (AED) | Studio | 1 Bed | 2 Bed | 3 Bed |
| Bayz by the Danube | 12.34% | 87,000 | 61,000 | 83,000 | 118,000 | 143,000 |
| Executive Towers | 12.16% | 134,000 | 76,000 | 90,000 | 127,000 | 175,000 |
| Vera Residences | 10.58% | 92,000 | NA | 80,000 | 105,000 | NA |
| Elite Business Bay Residence | 10.15% | 75,000 | 60,000 | 81,000 | 121,000 | NA |
| DAMAC Towers by Paramount Hotels | 9.83% | 187,000 | NA | 116,000 | 192,000 | 235,000 |
Life in Business Bay
Business Bay is also known for its luxurious properties and lavish lifestyle. Also, it provides residents with the advantages of a secure, gated community and the tranquillity of lush green surroundings. Furthermore, the district features a wide array of recreational amenities, parks, educational institutions, shopping destinations and dining establishments. Let’s delve deeper into the various facilities and offerings available in Business Bay Dubai.
Amenities and Facilities in Business Bay
Residents can easily access a range of luxury apartment amenities to enjoy comfortable living.
Schools
In Business Bay, you can access several educational institutions. For young children, there are options such as Hummingbird Nursery and Blossom Nursery Dubai. Jumeirah English Speaking School, Dubai International School and GEMS Wellington School also offer quality education for various age groups.
For elementary and secondary education, you’ll find reputable choices nearby, such as Dubai International School, GEMS Our Own Indian School and Safa British School.
Medical Facilities
The area is well-equipped with medical facilities, including hospitals, clinics and wellness centres. For instance, Emirates Hospital Clinic in Bay Avenue is considered one of the best hospitals in Business Bay. Besides. Some of the healthcare options in and around Business Bay include Latifa Hospital, Medcare Hospital, Ontario Wellness Ayurvedic Centre and many more.
Public Transport Facilities in Business Bay
The primary artery, Sheikh Zayed Road (E11), swiftly connects to various parts of Dubai. Al Khail Road and the Dubai Water Canal also serve as important local transportation routes. Navigating this neighbourhood is hassle-free.
For those who rely on public transportation, options include taxis, buses and the Business Bay Metro Station on the Dubai Metro Red Line. Additionally, the Burj Khalifa/Dubai Mall Metro Station, Financial Centre Station and Emirates Towers Station are nearby metro facilities that serve Business Bay.
Restaurants
Just like other popular areas in Dubai, Business Bay also boasts an extensive selection of intriguing dining venues. For instance, The Dubai Mall and Souk Al Bahar provide an extensive selection of dining choices, all while offering splendid views of the Burj Khalifa and the Dubai Fountain. Some popular restaurants in Business Bay include Divan Turkish Restaurant, Mama’esh, Tong Thai, World Cut Steakhouse and more.
Super Markets and Malls
Residents and visitors in Business Bay can easily access shopping destinations such as The Dubai Mall, one of the world’s largest shopping centres. Moreover, residents can also access City Walk, which offers a unique shopping and dining experience. Within Business Bay itself, Bay Avenue provides indoor and outdoor retail outlets, a promenade and a variety of dining options.
Entertainment
Business Bay offers a range of entertainment choices. The Dubai Mall is home to cinemas and a myriad of entertainment options. Moreover, Marasi Business Bay, located along the Dubai Water Canal, features the city’s longest 12-kilometre promenade. This vibrant destination includes floating restaurants, retail outlets and scenic palm tree-lined marinas for an enjoyable experience.
FAQs
What is Business Bay known for?
Business Bay, a thriving commercial district in Dubai, is known for its prime location, luxurious properties and upscale lifestyle amenities. Besides, with its secure gated communities, excellent public transportation access and proximity to key areas like Downtown Dubai, Business Bay embodies the essence of modern urban living in the heart of the city.
What is the meaning of Business Bay?
Business Bay, as the name suggests, is a district in Dubai primarily designed and developed for business and commercial purposes. It’s a thriving urban hub known for its numerous skyscrapers, commercial buildings, and office spaces, making it a central business district in the city. The term “Bay” often implies a waterfront location, and indeed, Business Bay is situated adjacent to the Dubai Water Canal.
This is all about the Business Bay area guide. Business Bay stands as a vibrant and dynamic district in the heart of Dubai, known for its prime location, upscale properties and thriving commercial scene. This flourishing urban hub combines luxury living with prime business opportunities. The area also offers residents and professionals a range of options to buy apartments in Dubai.
Stay updated with the dubizzle property blog for more area overviews.
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