Upscale office space and expensive apartments in Business Bay for sale are being built in this area. All of them are surrounded by parks and canals. Business Bay is an excellent location for international companies looking to establish themselves in the Middle East.
1 Description of the area
Business Bay is an ever-evolving neighborhood designed around Manhattan in New York and Ginza in Tokyo. It occupies an area of 6 sq. km and is planned to include more than 240 residential, commercial, and mixed-use towers. 22.1% of the area is residential, 18.5% for commercial, and 59.4% for mixed-use.
It is located between Al-Khail Road (E44) and Sheikh Mohammed bin Zayed Road (E311).
On the map can be found between Downtown Dubai and Al Quoz (Al-Kuz). The Dubai Canal, which links Dubai Creek and Jumeirah Beach, has turned the area into one of the most fashionable places in Dubai, with a concentration of five-star hotels, restaurants, and entertainment venues. The area is just a short drive from the Dubai Design District, the DIFC International Financial Center, and the DWTC World Centre.
The area’s internal roads have been wide enough to handle heavy traffic, so traffic in the area generally remains stable. The train and intercity bus station are only 8 kilometers from Business Bay. It is convenient to get to neighboring areas and places by public buses, taxis, and metro.
2 Investment benefit
Business Bay boasts an excellent location, and the reputation of a business, hotel, and commercial center, as well as the dynamism of development, attracts corporate and private investors to the area.
The infrastructure of each building implies the presence of all necessary conditions for work and comfortable living – modern offices, gyms, restaurants, swimming pools, and shopping malls. Even though the area is predominantly high-rise buildings, here you can find and pick up real estate in low-rise buildings.
Currently, Dubai’s rental income reaches 10% and is one of the highest in the world. In the context of a growing demographic situation, investors are buying real estate, ensuring demand growth. Due to improved transportation and a high standard of living, the population is projected to exceed 3.4 million by 2023. With the increase in traffic, the main economic areas of tourism, trade, and travel continue to grow and prosper.
Location FeaturesSouth facing Business Bay, Downtown Burj Khalifa is just a 10-minute drive. This is a large-scale complex that houses the city’s main attractions, including the tallest building in the world, Burj Khalifa, the largest shopping center in the Middle East, The Dubai Mall, and the world-famous dancing fountains of Dubai.
A new real estate project from the developer DAMAC Merano Tower is under construction in this area, with prices for apartments starting from $273,990.
3 Main attractions and projects within the development of the area
Residents and guests of Business Bay have easy access to the best shopping malls and amusement parks. So, the Dubai Mall is located in the center of Dubai, just 1.53 kilometers from the area, and you can get to it by the metro of the same name, passing just one station. A few amusement parks near Business Bay, such as Al-Hazzan Park, a family amusement park just 2 km from the area, and Jumeirah Beach Park, about 3.16 kilometers away.
Projects in Business Bay include:
· Executive Towers;
· Bay Avenue;
· Burj Al Alam;
· Vision Tower;
· The Prism;
· Signature Towers;
· Opus;
· The Pad.
There are also hotels, including the Radisson Blu Hotel Downtown Dubai and the Oberoi Dubai.
The UAE is the second safest place to invest in real estate.
4 Property in Dubai
Business Bay is one of the most developed and sought-after areas in Dubai. The very name of the community speaks of its main purpose: business life is in full swing here. However, investments in real estate in Dubai for permanent residence or rental are no less popular. The community successfully coexists with both commercial and residential properties.
Whatever you are looking for – an Arab townhouse in Dubai on the seafront, a villa, or apartments for investment life – contact the professionals. Experienced specialists of AX CAPITAL real estate agency in Dubai will help you choose a worthy object for you, answer all your questions, and save you from all the formalities when making a deal.
