ABOUT BUSINESS BAY
Business Bay is one of Dubai’s trendy residential and professional hubs, set amidst the gleaming waters of the Dubai Canal. It is a stone’s throw from Dubai’s quintessential ‘it’ neighbourhood, Downtown Dubai. It is a sought-after destination for investors and was the 6th most popular area to buy apartments in Dubai according to the Bayut.com 2018 Dubai Real Estate Market Report. Business Bay is fast fulfilling its aim to become the central business hub of Dubai, much like Manhattan in NYC, providing an array of top-notch amenities and a fast-paced lifestyle.
IN A NUTSHELL
- Professional and residential hub featuring tall skyscrapers
- Investor favourite due to upcoming developments and projects
- On the banks of the Dubai Canal offering a view of Dubai's incredible skyline
- Home to several high-end hotels including the former tallest hotel in the world JW Marriott Marquis
- Lifestyle destination featuring several restaurants, cafes and eateries
Located south of Downtown Dubai, lies one of the most recognisable neighbourhoods in Dubai: Business Bay. True to its name, the area is home to several commercial buildings featuring high-profile offices, banks and shops. Extremely well connected, the lifestyle in Business Bay is ideal for professionals working in Business Bay, Downtown Dubai and DIFC. The area also has some of the leading hotel chains from across the world including Oberoi, Taj, and Marriott.
With a selection of beautiful apartments, hotel apartments and hotels, it has grown into a coveted address in the city eliciting an equal amount of interest from renters, buyers and tourists. Business Bay is also at closely located to the up-and-coming design destination, Dubai Design District and one of Dubai’s oldest hotspots, Jumeirah.
Properties in Business Bay
Stretching over 80 million sq. ft., Business Bay is a prime location in the city, featuring a mix of properties. Most of the residential properties in the area are apartments. There are a few pavilion villas for rent in the Executive Towers compound apart from the Sky Villas and the Marasi floating villas along the Dubai Canal. In terms of the configurations of the properties, you find a large number of studios, 1,2 and 3-bedroom apartments in Business Bay and a few 4-bedroom luxury apartments and penthouses for rent.
For those looking at renting in Business Bay, the average prices for studios here are at AED 65k, 1-bedroom apartments for AED 85k and a 2-bedroom flat starts at AED 124k. These are much more pocket-friendly than neighbouring Downtown Dubai where studios start at 75k. In terms of investing in Business Bay too, it’s becoming increasingly popular to buy apartments in Business Bay. Prices average at AED 809k for studios, 1-bedroom freehold flats at AED 1.3M and 2-bedrooms apartments go for AED 2M. In terms of ROI, the properties in Business Bay have a net return of 6.1%.
Popular off-plan communities to invest in Business Bay include Private Residences by Omniyat, Binghatti Residences by Binghatti Developers and Vera Residences by Damac.
The area is known for its cosmopolitan, fast-paced vibe attracting a huge population of young professionals working in Downtown Dubai, Sheikh Zayed Road and DIFC. The lifestyle here caters largely to young couples and single people, but off-late a lot of families have also been interested in the area, particularly to invest in apartments. In terms of nationalities too, there’s a good mix in Business Bay leading it to be a multi-cultural neighbourhood.
Transportation and Parking Spaces in Business Bay
The apartments in Business Bay come with dedicated parking spaces, but visitors often complain about parking issues because of the ongoing construction in the area. There are some free public parking spots on Al A’amal Street and Al Sa’ada Street and several private parking lots that charge AED 10 per hour.
Getting around Business Bay is not a challenge at all. The Business Bay metro station is available for those relying on public transportation along with a selection of taxis and buses that ply the area.
Business Bay is well connected to two of the most-used highways in the city; in the north, it is connected to Sheikh Zayed Road and in the south, there is the Al Khail Road. There is also an exit leading directly onto the Downtown Boulevard.
AMENITIES, SCHOOLS AND HEALTHCARE
Those living in Business Bay have no reason for concern when it comes to proximity to amenities.
Supermarkets in Business Bay
When it comes to supermarkets in Business Bay, there is a well-stocked Spinneys and Choithrams in Bay Avenue to cater to the cosmopolitan populace of the area. There is also a West Zone Supermarket near Mayfair Towers, an Al Maya supermarket in Clover Bay tower and several Zoom mini-marts.
Churches, Temples and Mosques in Business Bay
For the spiritual needs of the community, there aren't any actual mosques in Business Bay itself. Close by there is the famed Jumeirah Mosque, a short 15-minute drive away. Other notable mosques near Business Bay include the beautiful Al Ghafoor Mosque and the Burj Khalifa Mosque in Downtown Dubai. The closest church for residents of Business Bay is the St Mary’s Catholic Church and the Holy Trinity Church in Oud Metha, roughly 15 minutes away. Hindu residents of the community can head over to Bur Dubai and visit the Shiva and Krishna temples, 25 minutes away.
Schools in Business Bay
Parents with younger children in Business Bay can choose from some of the cities best preschools like Hummingbird Nursery in Bay Avenue and Blossoms Nursery in Downtown Dubai. When it comes to elementary and higher secondary schools in Business Bay, there is Jumeirah English Speaking School in Safa offering the British syllabus till Year 6. Dubai International School near Al Quoz which follows the American curriculum till Year 12. Another school near Business Bay is the Gems Wellington School in Barsha offering the UK/IB system until Year 13.
For older students, the universities part of Knowledge Park are easily reachable by both car and public transport and offer educational programs from internationally accredited institutions.
Clinics and hospitals in Business Bay
In terms of medical facilities, the Emirates Hospital Clinic in Bay Avenue serves the community well to treat minor ailments. For conditions that require more analysis, Medcare Hospital in Safa and Emirates Hospital in Jumeirah are a short 15-minute drive away.
TOP 5 BUILDINGS IN BUSINESS BAY
The most popular buildings for living in Business Bay are predictably the Executive Towers, Churchill Residence, WestBay Tower, DAMAC Maison The Vogue and Capital Bay Towers. Executive Towers was one of the first developments in the area and features a cluster of 12 high rise buildings. With a mix of commercial and residential properties, Executive Towers has options for renting as well as investing.
Churchill Residence is one of the tallest residential towers in Business Bay, standing at 244 metres and 61 floors. The building is comprised of 1, 2 and 3-bedroom apartments. WestBay Tower is a popular off-plan development in the area, it will feature 252 apartments when completed. Rounding up the list are the ready flats for rent in DAMAC Maison The Vogue and Capital Bay Towers.
Geographically, Business Bay is a close neighbour to the Downtown Dubai community, with the industrial area of Al Quoz to its north, and the new, contemporary Habtoor City lying across the Dubai Canal. It’s a short drive from DIFC, Al Safa, Jumeirah and Sheikh Zayed Road, making it a great location for the city’s professionals to rent or buy in.
SHOPPING, DINING AND NIGHTLIFE
One of the most upscale locations in Dubai, the once barren Business Bay is now a bustling residential, professional and commercial hub. Showcasing youthful energy, Business Bay has a fast-paced, vibrant lifestyle complete with trendy bars, busy cafes and luxurious spas.
Malls in Business Bay
Retail therapy is one of the staples of life in Dubai, and when you live in such close proximity to the largest mall in the world, it is bound to become one of your favourite activities. Although The Dubai Mall with its impressive catalogue of fashion brands is the popular choice when it comes to shopping, the Bay Avenue Mall in Business Bay has a good selection of diverse stores, restaurants and spas.
Restaurants in Business Bay
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 some of the well-known restaurants in Business Bay. The many dining outlets in Downtown Dubai, City Walk and DIFC are also a short distance away.
When it comes to licensed bars and pubs there is no shortage for those living in Business Bay. The Backyard in Steigenberger Hotel, Vault in JW Marriott Marquis and The Eloquent Elephant in Taj Dubai are some of the trendy bars and lounges in the area.
Beaches near Business Bay
Water lovers in Business Bay will be happy to note that the famous Jumeirah Beach is only 15 minutes away from the area, making it easy to plan a day lounging by the sea. The other prominent beach near Business Bay residents is the gorgeous man-made Dubai Canal, which has a spectacular boardwalk allowing you to stroll along and take in the magnificent waterfront views.
LEISURE ACTIVITIES AND NOTABLE LANDMARKS
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 iconic Dubai Creek. The 3-km canal not only makes a pretty picture but also connects Business Bay to the older parts of Dubai, through an extremely efficient water transport system. It is already becoming one of the most exciting places to visit in Business Bay. It is being developed into a sought-after residential and lifestyle hub with some of the most-prestigious projects taking place 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 of Business Bay is JW Marriott Marquis, which was the tallest hotel in the world until February 2018, when the Gevora Hotel on Sheikh Zayed Road overtook it by 1m.
OUTDOOR ACTIVITIES, FITNESS AND BEAUTY
Owing to its commercial popularity and busy nature, it’s easy to imagine that there may not be too many flourishing parks in Business Bay. This is far from the truth, residents of Business Bay can stretch their muscles and take in a walk at the Bay Avenue Park, near the Spinneys in Business Bay. The pet-friendly Burj Park is also available in neighbouring Downtown Dubai for a quick jaunt with the pets. Safa Park’s large running track is just across the road on Sheikh Zayed Road.
There is also no shortage of indoor fitness centres with a selection of gyms dotted across the area. 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.
For a quick beauty fix, residents of Business Bay can visit Rifa Beauty Salon at The One by Omniyat, Valery & Co in Executive Towers and Brushed Beauty Salon on Al Asayel Street. To indulge in 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 a 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 New Year’s celebration at Bay Avenue with live broadcasts from across the world, live music and a digital countdown to welcome the year. It’s also a good vantage point to take in 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 CONSIDER
There are lots of reasons for moving to Business Bay, but like most areas, there are a few things to consider. Such as, the area is still under construction, and as a result, there are lots of traffic-related disruptions in the area. Dust and noise is another issue to consider for those moving to Business Bay.
- Downtown Dubai, Sheikh Zayed Road, City Walk, Jumeirah are all a short 15-minute drive away.
- It is a 30-minute drive to the Dubai International Airport and 45 minutes to the emirate of Sharjah.
- Dubai Marina and Palm Jumeirah are 25 minutes away.