Apartments for rent in Business Bay

Business Bay is an upscale area with a stunning skyline of skyscrapers, office buildings and luxury residences set along the Dubai Canal. The central business hub boasts world-class infrastructure and strategic connectivity promoting a thriving business environment. There are more than 2,000 active listings on Bayut for apartments for rent in Business Bay listed by agencies in Dubai. 

Rental Trends for Apartments in Business Bay

Business Bay is home to over 200 residential buildings offering luxurious living spaces with stunning views of the cityscape and waterfront. These buildings feature a range of recreational facilities such as pools, kids' play areas and fitness centres. You can find apartments for rent in Business Bay in studios to 5-bedroom layouts. The annual rent for these units is as follows:

Rent of studio apartments with an average covered area of 462 sq. ft. is AED 72k
Rent of 1-bed apartments with an average covered area of 679 sq. ft. is AED 97k
Rent of 2-bed apartments with an average covered area of 1,419 sq. ft. is AED 149k
Rent of 3-bed apartments with an average covered area of 1,926 sq. ft. is AED 228k
Rent of 4-bed apartments with an average covered area of 2,972 sq. ft. is AED 330k

The average annual rents may vary based on floor plans in Business Bay, covered area, and amenities, offering many options for different preferences and budgets.

Renting Luxury Apartments in Business Bay

Business Bay offers a plethora of high-end residential towers that redefine luxury living. From sleek, contemporary architecture to panoramic views of the iconic Dubai Canal and the city skyline, these residences in Business Bay present a unique fusion of comfort and style. 

On average, a 1-bedroom apartment in DAMAC Maison Prive is available for AED 110k per annum, while a 2-bedroom unit can be leased for AED 160k. In DAMAC Towers by Paramount Hotels and Resorts, rent for a 2-bed apartment is AED 158k and a 3-bed apartment is AED 235k. Other upscale apartments are available in Al Habtoor City and Executive Towers. 

Iconic Buildings to Rent Apartments in Business Bay

Those looking to rent flats in Business Bay will be amazed by the stunning skyline and unique projects in the area. Some of these iconic buildings include:

Executive Towers - a complex of 12 buildings with more than 1,500 residential units varying from studios to 4-bedroom flats 
DAMAC Towers by Paramount Hotels & Resorts – another complex featuring 3 apartment buildings and a hotel
Merano Tower – a 29-storey tower by DAMAC Properties offering studios, 1, 2 and 3-bedroom units
Al Habtoor City – a collection of three luxurious towers with luxurious apartments and penthouses
Ontario Tower – a mixed-use building situated near Sheikh Zayed Road (E11)

FAQs

What types of apartments are available to rent in Business Bay?

Business Bay apartments for rent range from studios to 5-bedroom units. You can rent luxury apartments, chiller-free units, ready-to-move-in, duplex apartments and unfurnished flats based on your requirements and location preferences.

Does renting an apartment near the metro station in Business Bay cost more?

The cost of renting apartments near metro stations in Business Bay may seem more expensive. The added convenience and accessibility may result in higher rents. This is because of the increased prices due to high demand. However, the average annual rent can vary based on factors like the size of the apartment, views from the property, and the amenities the building provides. On the other hand, it may save time, transportation, and fuel costs.

What are some of the best options to rent in Business Bay near the metro station?

Some projects in proximity to the Business Bay Metro Station are:

Merano Tower
Executive Towers
Ontario Tower

What is the average rent of apartments in Business Bay?

The annual rent in Business Bay may vary based on several factors. Here’s the average price breakdown for each apartment type:

Studio flats: AED 72k
1-bed flats: AED 97k
2-bed flats: AED 149k
3-bed flats: AED 228k
4-bed flats: AED 330k

How much do furnished apartments for rent cost in Business Bay?

On average, renting furnished apartments in Business Bay will cost around:

AED 72k for studios
AED 97k for 1 BHK
AED 150k for 2 BHK
AED 229k for 3 BHK
AED 336k for 4 BHK

Where can I find furnished apartments for rent in Business Bay?

There are many options for renting furnished apartments in Business Bay in many locations across the area, such as:

DAMAC Maison Prive
Al Habtoor City
DAMAC Towers by Paramount Hotels and Resorts
Capital Bay Towers

What’s the average rent of unfurnished apartments in Business Bay?

The average annual cost of unfurnished flats for rent in Business Bay is:

AED 72k for studios
AED 96k for 1 BHK
AED 147k for 2 BHK
AED 227k for 3 BHK
AED 324k for 4 BHK

Which are the best options in Business Bay for renting unfurnished apartments?

Those looking to rent unfurnished flats in Business Bay can check out the following locations:

Zada Tower
Majestic Tower
Falcon Tower

Where to rent a studio apartment in Business Bay?

Studio apartments are preferred for their affordability and personal space. Those interested can check out the best buildings to rent studios in Business Bay:

Bayz by Danube for small studios up to 450 sq. ft., costing AED 69k on average
Capital Bay Towers for mid-size studios up to 600 sq. ft. costing AED 67k on average
Executive Towers for bigger studios of more than 601 sq. ft. costing AED 75k on average

Where to rent 1-bedroom apartments in Business Bay?

If you are looking for reasonable 1 BHK units, you can check out the following popular buildings to rent 1-bed flats in Business Bay:

Reva Residences for small 1-bed apartments of up to 800 sq. ft.: AED 78k on average
Al Habtoor City for mid-sized apartments of up to 1,000 sq. ft.: AED 109k on average
Al Shafar Tower for bigger apartments of more than 1,100 sq. ft.: AED 85k on average

Where to rent a 2-bed flat in Business Bay?

There are many options across the area for 2 BHK units. Some of the top buildings for renting 2-bed flats in Business Bay include:

A 2-bed apartment in Binghatti Canal Building costs AED 154k on average
A 2-bed apartment in Park Central costs AED 153k on average
A 2-bed apartment in The Executive Bay costs AED 129k on average

Which documents do I need to rent apartments in Business Bay?

Documents required for renting property in Dubai according to RERA tenancy law:

• Emirates ID
• Copy of valid passport
• Proof of income
• Good conduct certificate addressed to RERA or DLD
• Any other documents required per the contract by your landlord

How to rent an apartment in Business Bay?

You can easily find your rental apartment in Business Bay in these simple steps:\

• Use the Bayut search bar to find relevant property selection
• Select filters to add bed type and properties 
• Contact the realtor and schedule an appointment
• View the property you are interested in after shortlisting your options
• Once you have decided, negotiate the terms in the rental agreement
• Sign the tenancy contract and provide the necessary documents
• Pay the security deposit and broker fees and move into your dream home