Business Bay started in 2005 as a Modern-day commercial area. The total construction area is 46,900,000 sq ft (4,360,000 m2), with a gross leasable area of 78,500,000 sq ft (7,290,000 m2). The overall population is predicted to be more than 300,000, with a projected population of more than 191,000 for the entire growth and 110,000 for employers and others. The commercial development will cover 2,653,244 square feet (246,494.4 m2), which will prepare for 18.5 percent of the total growth; mixed-use development will account for 8,520,368 square feet (59.4 percent); and residential development will account for 3,163,628 square feet (293,910.7 m2) (22.1 percent). AED 110 billion (US$30 billion) will be invested on Company Bay. Initially it was premeditated to be Dubai’s main industrial area but over time It’s gradually extending as business-bay Business Bay properties such as luxurious apartments, condos and glamorous villa and condo. One of the perks is it’s allied with the Dubai water canal; it has admirable colorful mechanical waterfall sight, cycling tracks. It’s cosmopolitan fast- paced vibe and attracts young and professionals. While young couples and singles will appreciate the area's convenient location and high-rise buildings, families with children may be considerate of playgrounds, parks, jogging and biking trails, and rush-hour traffic. Properties at Business Bay, on the other hand, are spacious and well-lit, with sizes ranging from studios to one-, two-, and three-bedroom units. Executive Towers, DAMAC Towers, Capital Bay Towers, Merano Tower, and Ontario Tower are the most prominent apartment communities in Business Bay. In Business Bay, the Executive Towers development also includes once, Two-, three-, and four-bedroom properties for sale. A Property in Business Bay can be purchased for as little as AED 2.6Million. A small number of villas for rent in the surrounding area are also available.
Business Bay is situated at the south of downtown Dubai, near to Dubai Mall and Burj Khalifa and Old Town neighborhoods, with Al Wasl to the west. And Dubai Marina is situated within 20 min drive by car. Business Bay is part of the vision of His Highness Sheikh Mohammed Bin Rashed Al Maktoum, UAE Vice President, Prime Minister, Minister of Defense, and Ruler of Dubai. According to Dubai land department statistics Business Bay is the 2nd investment destination after Dubai marina.
Business Bay has an incredible transportation connectivity; it is linked to the Red Line of the Dubai Metro with Burj Khalifa, Dubai Mall Station, and Business Bay Station, as well as having 24-hour Cab services.
Popular Areas in Business Bay
Business Bay is one of Dubai's trendiest residential and commercial district. Set amidst the gleaming waters of the Dubai Canal, it shares a border with Dubai's iconic neighborhood, Downtown Dubai. Business Bay not only has a vibrant nightclub, but also many 5 Star Luxurious hotels, JW Marriott Marquis Hotel Dubai is the second highest hotel in the world with 1,608 rooms, The Market value of JW Marriot Marquis is AED 1.8 billion. The view of the Burj Khalifa makes it a very interesting place to have a property at Business Bay, it lies at the mount of the new creek extension with around 12 KM of waterfront walkways. The Bay avenue is situated by the executive towers in Business Bay which offers the residence retail shops and over 90 Dining options. The Dubai Creek Canal divides the city into two charming cities of lights: Deira and Bur Dubai Island, which offer breathtaking views of Festival City Mall, Ras Al Khor Sanctuary, and the Burj Khalifa. Downtown Dubai is easily accessible from Business Bay. It is 5 minutes from Dubai Mall and has access to all of Downtown Dubai's amenities.
Types of Property in Business Bay
Business Bay is home to a host of mixed-use properties housed in historic structures. There are studios, one-bedroom apartments, and penthouses available, all with spectacular views of the city or the Dubai Canal. This neighborhood's homes exude comfort and exclusivity. You may opt to live in a flat, a luxurious apartment, Condo, Villa or even one of the finest hotels.
Though apartments make up the majority of the residential properties in the city, there are properties for sale at Aykon City the Residence and Riverside Apartment floating villas along Dubai Canal. Are you searching for a property for sale in Business Bay? Prices for Properties average AED 810,000, start at AED 1.3 million for one-beds, and go up to AED 7 million for 4-bedroomed apartments.
Lifestyle factors in Business Bay
Business Bay, Dubai's skyscraper neighborhood, has much more to offer than concrete towers and vibrant city life. Living in Business Bay takes you next to Downtown Dubai, one of the emirate's most energetic and vibrant places. This neighborhood has everything you'd expect from a new residential district: a plethora of entertainment venues, high-quality residences, hotels, restaurants, and retail establishments. Aside from the Bay Avenue Park, projects such as the Executive Towers have small green strips with children's play areas and other leisure facilities. Bay Avenue, with its funky graffiti-style architecture and skate park, is likely to cater to teenagers. It's a perfect place for them to hang out with their neighbors' families.
Top 3-6 Reason to invest in Business Bay
People are looking to buy or live in Business Bay, they don't have to look far because the neighborhood is located right in the heart of Dubai, next to Downtown Dubai and Al Quoz. The neighborhood, which is made up of various commercial and residential structures, is home to a multi-ethnic social sphere of residents, resulting in a vibrant and colorful culture, one of the most important benefits of living in Business Bay is that it is not characterized by a single ethnicity, so you can find people from nearly every continent coexisting with affordable rates. It is a Dubai group that has seen a consistent rise in ROIs over the years, making it a valuable nest egg or source of supplementary income. Business Bay is a lively and energetic neighborhood.