Properties for sale in Business Bay

The real estate in Business Bay features numerous skyscrapers. Out of the many properties in Dubai, Business Bay makes up about 240 buildings including various residential and commercial properties. A city within a city, Business Bay offers properties for sale or rent that cover an astounding land mass of about 64,000,000 sq. ft., consisting of various office-use buildings and residential towers surrounded by heavily landscaped gardens along with an intricate network of roads, alleys, canals and pathways. The best part of this locality is that its a freehold area.

Types of Properties in Business Bay

The properties in Business Bay include many official industrial spaces, luxurious residential apartments and villas that offer high-end amenities and facilities. There are play areas for kids, arcades and public piazzas catered to by The Courtyard – which is a blend of post-modern architectural styles with some of the best amenities. Many of the residential towers, shaded walkways, water-fountains and pedestrian lanes are interconnected by a unique location called the Podium. Business Bay is located at a prime location and has now become the business centre for international trade and financial institutions alike. It also harbours many international hotels such as the Emirate Towers and Shangri-La that happen to be in the region of Business Bay touching on Sheikh Zayed Road.

Sale Price Trends for Properties in Business Bay

The properties in Business Bay are considered some of the most in-demand and hottest in the city. One will find various commercial properties, apartments, penthouses, villas and office spaces amongst others. The apartments in Business Bay are made up of studios which are as big as 952 sq. ft. with a starting price of about AED 650,000, 1-bedroom flats as large as 1,728 sq. ft. for around AED 1,192,000, 2-bedroom apartments spanning 2,578 sq. ft. with sale prices starting at AED 1,650,000, 3-BHK for AED 2,100,000 which have a total area of approximately 3,705 sq. ft. and 4-bedroom apartments with sale prices starting at AED 4,100,000 with living spaces as big as 6,105 sq. ft. The villas for sale in Business Bay, on the other hand, mostly come with 4 bedrooms ranging between AED 5,200,000 to AED 7,000,000. There are also penthouses in Business Bay for sale spanning up to 10,788 sq. ft. with prices between AED 3,950,000 to AED 32,500,000. Business Bay office spaces come with large working spaces and excellent facilities, ranging between 620 sq. ft. to even 21,611 sq. ft. The price of office spaces varies, ranging between AED 350,000 and AED 15,507,465.

Popular Areas of Business Bay

Bay Square is one of the zones in Business Bay. It is a mix-use community within the master development and a pedestrian-only area including walkways, canals, various restaurants, retail outlets, cafes and outdoor entertainment areas. Other key zones include The Execute Towers mostly consisting residential, commercial and office towers, Bay Avenue, which is essentially a 2-storey building offering indoor and outdoor retail space, such as bistros, eateries, boutiques, play areas for kids and sports facilities. Dubai Creek Extension is the lateral third, making up a major part of the Business Bay master development.

Reasons for Investing in Business Bay

People looking to buy and live in Business Bay don’t need to look any further as the community is quite literally at the dead-centre of Dubai, right next to Downtown Dubai and Al Quoz. Consisting of various commercial and residential buildings, the community is home to a multi-ethnic social sphere of residents, making up a vibrant and colourful community. With affordable prices, at par with neighbouring communities, it’s an area in Dubai that has seen a steady increase in ROIs over the years, making it a valuable nest egg or source of supplementary income.