Business Bay is one among the fashionable residential and professional hubs in Dubai. Set amidst the gleaming waters of the Dubai Canal, it's neighbours with Dubai's quintessential neighbourhood, Downtown Dubai.
Business Bay is fast fulfilling its aim to become the central business hub of Dubai, very similar to Manhattan in NYC, providing an array of top-notch amenities and a fast-paced lifestyle. it's known to be a mixed-use neighbourhood with residential and commercial areas.
According to Bayut's Dubai Annual Sales Report 2020, Business Bay is one among the favored areas for buyers and investors trying to find affordable apartments.
Professional and residential hub featuring tall skyscrapers
Investor favourite thanks to upcoming developments and projects
On the banks of the Dubai Canal offering a view of Dubai's incredible skyline
Home to many high-end hotels including the previous tallest hotel within the world, JW Marriott Marquis
Lifestyle destination featuring several restaurants, cafes and eateries
Upscale cosmopolitan lifestyle
Close to popular leisure attractions of Dubai namely Burj Khalifa, The Dubai Fountain, Dubai Aquarium & Underwater Zoo
Located south of Downtown Dubai, lies one among the foremost recognisable neighbourhoods in Dubai, Business Bay. faithful its name, the world is home to many commercial buildings featuring high-profile offices, banks and shops. Extremely well connected, the life-style in Business Bay is right for professionals working within the area, Downtown Dubai and DIFC. the planet also has a number of the leading hotel chains from across the world including Oberoi, Taj and Marriott.
With a variety of lovely apartments, hotel apartments and hotels, it's grown into a coveted address within the city eliciting an equal amount of interest from renters, buyers and tourists. the world is additionally closely located to the planning destination, Dubai Design District and one among Dubai's oldest hotspots, Jumeirah.
Stretching over 80 million sq. ft., Business Bay may be a prime location within the city, featuring a mixture of properties. Most of the residential properties are apartments and lots of of the Business Bay buildings are a part of Dubai's iconic skyline.
There are a couple of pavilion villas for rent within the Executive Towers aside from the Sky Villas and therefore the Marasi floating villas along the Dubai Canal. In terms of the configurations of the properties, you'll find an outsized number of studios, 1, 2 and 3-bedroom apartments, a couple of 4-bedroom luxury apartments and penthouses.
Popular off-plan communities to take a position in Business Bay include Private Residences by Omniyat, Millennium Binghatti Residences by Binghatti Developers and Paramount Towers by DAMAC Properties.
The area is understood for its cosmopolitan, fast-paced vibe attracting an enormous population of young professionals working in Downtown Dubai, Sheikh Zayed Road and DIFC. the life-style here caters largely to young couples and singles, but off-late tons of families have also been curious about the world , particularly to take a position in apartments. In terms of nationalities, there's an honest mixture of expatriates, categorising Business Bay as a multi-cultural neighbourhood.
For those watching renting apartments in Business Bay buildings can find many options. These residential towers offer apartments that accompany a spread of amenities for tenants like well-equipped gyms, swimming pools, children's play areas then on.
The rents for studios in Business Bay range between AED 28k yearly and AED 200k yearly. you'll rent 1-bedroom apartments in Business Bay ranging between AED 35k yearly and AED 200k yearly. A 2-bedroom flat for rent in Business Bay starts at AED 53k yearly and goes up to AED 950k yearly.
Tenants trying to find larger residential units can choose 3 and 4-bed flats. The 3-bedroom flats for rent in Business Bay start at AED 89k yearly and go up to AED 220k yearly. The rents for 4-bed apartments in Business Bay can go as high as AED 290k yearly.
Hotel apartments in Business Bay are available studio to 3-bedroom configurations. The annual rents for hotel apartments in Business Bay range between AED 37k and AED 288k.
Annual rents for penthouses in Business Bay is between AED 199k and AED 1.3M.
There are few villas for rent in Business Bay. the typical rental price for 4-bedroom units is AED 247k yearly.
As for commercial properties, there are shops and offices available for rent. Offices for rent in Business Bay is priced between AED 1.5k yearly and 5.9M yearly. On the opposite hand, shops for rent in Business Bay cost as low as AED 39k and as high as AED 2.3M yearly.
It is becoming increasingly popular to shop for apartments in Business Bay. The sale prices for studios in Business Bay start at AED 418k and goes up to AED 1.48M. The sale price for 1-bedroom flats in Business Bay range between AED 550k and AED 2.8M. Buying 2-bedroom apartments in Business Bay, one has got to spend a minimum of AED 850k. The sale price for 3-bedroom flats start from AED 1.3M and goes up to AED 19.8M.
The 4-bedroom apartment purchasable in Business Bay range between AED 2.3M and AED 32.4M. for purchasing a 5-bed apartment in Business Bay, prices are between AED 4.4M and AED 40M. For a 6-bed unit, the sale price is AED 27.8M.
There are several penthouses purchasable in Business Bay available in 2 to 5-bedroom configurations. The sale prices range from AED 2.4M and AED 72.8M. you'll purchase a 2-bedroom penthouse at a price of AED 16.6M. A 3-bedroom penthouse purchasable in Business Bay ranges from AED 2.8M and AED 17.1M.
A 4-bedroom penthouse purchasable in Business Bay is priced as low as AED 2.4M and may go as high as AED 72.8M. The sale price of 5-bed penthouses in Business Bay is between AED 3.35M and AED 70M. While a 6-bed penthouse are often purchased at a price of AED 30M.
Interested buyers can find hotel apartments purchasable in Business Bay priced between AED 444k and AED 475M. A 2-bed villa can cost AED 2.0M, while a 3-bed villa costs AED 2.8M. On the contrary, the sale price of a 4-bed villa in Business Bay ranges between AED 4.6M and AED 7.0M.
The sale price of townhouses in Business Bay is AED 4.2M for a 3-bedroom unit.
Investors willing to take a position in commercial properties can find shops and offices purchasable in Business Bay Dubai.
You can buy an office in Business Bay within a price range of AED 212k and AED 34.7M. A retail buy sale in Business Bay is priced between AED 439k and AED 13M.
The highest ROI for apartments in Business Bay is 6.0% for studio units. consistent with the results, studios are often the foremost profitable option for investors. 1-bed flats follow with a 5.6% return, while 3-bed flats have an ROI of 5.3%. The 2-bed flats have an ROI of 5.1%. The 4 and 5-bed flats have an ROI of 4.5% and 3.9% respectively.
Investors curious about buying villas must note that 4-bed houses generated 5.1% returns.
The most popular buildings for residing in Business Bay are predictably the chief Towers, DAMAC Towers by Paramount Hotel & Resorts, Merano Tower, Capital Bay Towers and Ontario Tower. These also are among the foremost popular buildings to shop for apartments in Business Bay.
Executive Towers was one among the primary developments within the area and features a cluster of 12 high rise buildings. With a mixture of economic and residential properties, Executive Towers is one among the favored residential towers to rent in Business Bay.
DAMAC Towers by Paramount Hotels & Resorts is that the second hottest building on the list. it's a four-tower complex standing tall in Business Bay. The three residential buildings feature 1,200 residential apartments while the fourth building houses the Paramount Hotel with 800 luxurious rooms.
Merano Tower is that the third hottest building in Business Bay. it's a 29-storey building developed by DAMAC Properties. The skyscraper features apartments in studios, 1, 2 and 3-bedroom configurations.
Other popular buildings for rent and sale include Capital Bay Towers, Ontario Tower, Damac Maison Majestine, DAMAC Maison Cour Jardin and Mayfair Tower.
Those trying to find Business Bay floor plans can flick through the ground plans available for popular communities/buildings in Business Bay.
The hotels in Business Bay are luxurious resorts that provide proximity to the various tourist attractions a part of Downtown Dubai. the simplest hotels in Business Bay are:
Radisson Blu Hotel Waterfront
JW Marriott Marquis Hotel
The Steigenberger Hotel is one among the foremost popular hotels within the area. it's a 5-star hotel location on Al Abraj Street. The 19-floor hotel also has many dining options. it's home to The Backyard, a nightlife spot that's one among the simplest bars in Business Bay.
Radisson Blu Hotel Waterfront is found adjacent to the Dubai Water Canal. The hotel consists of 432 rooms, 11 meeting rooms and eight fine-dining restaurants and bars.
Known to be the second tallest hotel within the world, JW Marriott Marquis Hotel Dubai is one among the simplest 5-star hotels in Dubai. The twin-towered hotel are often seen from everywhere Business Bay Dubai. It offers an outsized 80,000 sq. ft. ballroom, an outside pool, a spa and 14 dining venues.
Taj Dubai is found on the sting of Business Bay. it's within walking distance from both the Business Bay and Burj Khalifa/Dubai Mall metro stations. The hotels also offer deluxe rooms, a spa, outdoor pools and various other amenities.
The Oberoi offers views of Burj Khalifa from the balconies of its luxury hotel rooms. The hotel also features Ananta which is one among the simplest fine-dining Indian restaurants in Dubai. Guests can cash in of the free valet parking and yoga classes.
The apartments within the area accompany dedicated parking spaces. There are some free public parking spots on Al A'amal Street and Al Sa'ada Street. There also are several private parking lots that charge AED 10+ per hour.
Business Bay Dubai is well connected to 2 of the most-used highways within the city; within the north, it's connected to Sheikh Zayed Road and within the south, there's the Al Khail Road. there's also an exit leading directly onto the Downtown Boulevard.
Getting round the community isn't a challenge in the least . The Business Bay Metro Station is out there for those counting on public transportation in Business Bay along side a variety of taxis and buses that ply the world .
Other metro stations near Business Bay include Burj Khalifa/ Dubai Mall Metro Station, Financial Centre Station and Emirates Towers Station.
Those living in Business Bay haven't any reason for concern when it involves proximity to amenities.
When it involves supermarkets in Business Bay, there's well-stocked Spinneys and Choithrams in Bay Avenue to cater to the populace of the world . there's also a West Zone Supermarket near Mayfair Towers, an Al Maya supermarket in Clover Bay tower and a number of other Zoom mini-marts.
For the spiritual needs of the community, there aren't any actual mosques in Business Bay itself. accessible there's the famed Jumeirah Mosque, a brief 15-minute chase away . Other notable mosques near Business Bay include the gorgeous Al Ghafoor Mosque and therefore the Burj Khalifa Mosque in Downtown Dubai.
The closest church for residents of the world is that the St Mary's Catholic Church and therefore the Trinity Church in Oud Metha, roughly quarter-hour away. Hindu residents of the community can head over to Bur Dubai and visit the Shiva and Krishna temples, 25 minutes away.
Parents with younger children can choose between a number of the cities best preschools like Hummingbird Nursery in Bay Avenue, Maple Bear Pre School within the Burlington Tower, Blossoms Nursery in Downtown Dubai and Canadian Kids Nursery in Churchill Towers.
When it involves elementary and better secondary schools near Business Bay, there's Jumeirah English Speaking School and Safa British School in Al Safa.
Dubai International School Al Quoz follows the American curriculum till Year 12. Towheed Iranian Boys School is found at Al Meydan Road.
GEMS Our Own Indian School is found near Manama Hyper Market, Al Meydan Road and Global Indian International School (GIIS) Dubai Campus is found near Al Manar Islamic Center, Al Meydan Road.
Another school near Business Bay is that the Gems Wellington grade school in Al Satwa offering the UK/IB system until Year 13.
For older students, the schools a part of Dubai Knowledge Park are easily reachable by both car and conveyance and offer educational programs from internationally accredited institutions.
One of the simplest hospitals in Business Bay, Emirates Hospital Clinic in Bay Avenue serves the community well to treat minor ailments. For conditions that need more analysis, Medcare Hospital in Safa and Emirates Hospital in Jumeirah are a brief 15-minute chase away.
Geographically in Dubai, Business Bay may be a close neighbour to the Downtown Dubai community, with the economic area of Al Quoz to its north, and therefore the new, contemporary Al Habtoor City lying across the Dubai Canal. It's a brief drive from DIFC, Al Safa, Jumeirah and Sheikh Zayed Road, making it an excellent location for the city's professionals to rent or buy properties.
As one of the foremost upscale locations in Dubai, Business Bay may be a bustling residential, professional and commercial hub. The community features a fast-paced, vibrant lifestyle complete with trendy bars, busy cafes and opulent spas.
Retail therapy is one among the staples of life in Dubai. Although The Dubai Mall with its impressive catalogue of fashion brands is that the popular choice when it involves shopping, the Bay Avenue Mall in Business Bay features a good choice of diverse stores, restaurants and spas.
The restaurants range from casual dining eateries to fine-dining outlets. Like most upscale locations in Dubai, Business Bay has built a commendable repertoire of interesting dining options.
Waka in Oberoi, Mama'esh in Bayswater Tower, Cuisinero Uno in Steigenberger Hotel and Tong Thai in JW Marriott Marquis are a number of the well-known restaurants in Business Bay. the various dining outlets in Downtown Dubai, City Walk and DIFC also are a brief distance away.
When it involves licensed bars and pubs there's no shortage for those living within the community. The Backyard in Steigenberger Hotel, Vault in JW Marriott Marquis and therefore the Eloquent Elephant in Taj Dubai are a number of the simplest lounges and bars in Business Bay.
Water lovers are going to be happy to notice that the famous Jumeirah Beach is merely quarter-hour faraway from the world , making it easy to plan each day lounging by the ocean . While not exactly a beach near Business Bay, residents can visit the gorgeous man-made Dubai Canal, which features a spectacular boardwalk allowing you to walk along and absorb the magnificent waterfront views.
The defining trait of the Business Bay address is most definitely the remarkable Dubai Canal, a man-made project that highlights the free-flowing waters of the long-lasting Dubai Creek. The 3-km canal not only makes a reasonably picture but also connects Business Bay to the older parts of Dubai, through a particularly efficient water transport system.
It is already becoming one among the foremost exciting places to go to in Business Bay Dubai. it's being developed into a sought-after residential and lifestyle hub with a number of the most-prestigious projects happening here. Notable amongst these are the Marasi floating villas, a project of villas docked on Business Bay and floating along the Dubai Canal.
Another highlight is that the JW Marriott Marquis hotel, which was the tallest hotel within the world until February 2018, when the Gevora Hotel on Sheikh Zayed Road overtook it by 1m.
Owing to its commercial popularity and busy nature, it's easy to imagine that there might not be too many flourishing parks in Business Bay Dubai. this is often faraway from the reality , residents can stretch their muscles and absorb a walk at the Bay Avenue Park, near Spinneys in Business Bay. The pet-friendly Burj Park is additionally available in neighbouring Downtown Dubai. There are many fun things to try to to in Burj Park. you'll go cycling, witness the Wings of Mexico and therefore the world's tallest performing fountain. Safa Park's large running track is simply across the road near Sheikh Zayed Road.
There is also no shortage of indoor fitness centres with a variety of gyms dotted across the world . Notable fitness centres in Business Bay are Fitness First in Vision Tower, Elevation Fitness on Al Sa'ada Street and BARE in Clover Bay Tower. Bare Dubai is one among the simplest gyms in Business Bay offering full body training sessions along side workouts for first timers.
For a fast beauty fix, residents can visit Rifa salon at The One by Omniyat, Valery & Co in Executive Towers and Brushed salon on Al Asayel Street. To enjoys a more luxurious spa session, head to the spas in JW Marriott, The Oberoi or Taj.
Much quieter than neighbouring Downtown Dubai, there are still quite few events in Business Bay to cater to the residents. Bay Avenue hosts farmer's markets, music festivals and even occasion-based celebrations including Earth Day, Mother's Day and other events.
Dubai Properties also organises a replacement Year's celebration cornered Avenue with live broadcasts from across the planet , live music and a digital countdown to welcome the year. It's also an honest viewpoint to require within the celebrations in Downtown Dubai. There are even murals and street art painted by the residents and artists along the walls of Bay Avenue.
THINGS to think about
There are many reasons for moving to Business Bay Dubai, but like most areas, there are a couple of things to think about . Being one among the prime locations within the emirate, there are many traffic-related disruptions and limited public parking spaces within the area.
Business Bay is one among the foremost recognisable neighbourhoods in Dubai, located south of Downtown Dubai.
Residents can use the metro station, RTA bus routes, hire car services and taxis for a simple commute.
Downtown Dubai is accessible at an 11-minute drive by car.
Sheikh Zayed Road is accessible at an 18-minute chase away .
City Walk and Jumeirah are a 10-minute drive by car from the community.
It is a 15-minute drive to the Dubai International Airport and 38 minutes to the emirate of Sharjah.
Dubai Marina is found at a 20-minute drive by car.
Palm Jumeirah is accessible at a 21-minute chase away .