Bay Square, Business Bay
About Bay Square
Bay Square is a mixed-use complex that consists of 13 mid-rise buildings. It is a master project of Dubai Properties Group and took eight years to complete. Launched in 2007, the project was handed over in the year 2014. Designed by Khatib & Alami, Bay Square is an AED 4 billion project that spans across 5 million sq. ft. of land. Approximately 1 million sq. ft. of the area is dedicated to commercial use.
The layout of this multi-building complex consists of eight commercial buildings, three residential buildings and one 4-star hotel. All these buildings have 10 to 14 floors, featuring a total of 570 offices, 326 residential units and 123 retail outlets. The residential units are divided into studios and 1-bedroom apartments that overlook the community. The complex has a pedestrian-only zone that boasts many restaurants and cafes.
DoubleTree Hotel, operated and managed by the Hilton Group, is a 14-storey building at Bay Square 5. It features 195 rooms for guests, 40 family rooms, 31 deluxe rooms and 12 suites that have a separate hall and kitchen. Each room offers scenic views from the windows overlooking the iconic Burj Khalifa.
Bay Square is part of the Central Business District in Dubai, Business Bay. The community lies at the end of Dubai Creek and boasts a large number of skyscrapers. Ideally located close to Sheikh Zayed Road, Business Bay offers convenient access to some prime areas of Dubai, including DIFC, Downtown Dubai and Dubai World Trade Center. It is also close to recreational places like Dubai Mall and Burj Khalifa.
IN A NUTSHELL
- Located in Business Bay, alongside the canal
- A mixed-use 13-building complex
- Home to a 4-star hotel, DoubleTree Hilton
- Features residential and commercial buildings
- Features studios and 1-bedroom residential units
- Has shell and core and fitted offices available on rent
- Offers stunning water-facing views
- Free shuttle services provided by the hotel
- Boasts pool, fitness centre, gym, steam room and yoga room
- Many restaurants, retail stores, pharmacies are within the premises
- Easy access to Sheikh Zayed Road and Al Khail Road
Facilities in Bay Square
Bay Square features five levels of underground parking. It can facilitate up to 4,000 vehicles, offering residents and visitors an equal chance to park their vehicles in this free covered parking zone.
There are two high-speed elevators available in each building of Bay Square. Service elevators are also installed in each tower in order to conveniently move heavy objects.
Security, Central Air-Conditioning and Maintenance Services
The gated complex ensures utmost security to residents, including a vigilant security staff and CCTV cameras. The surveillance cameras are installed in every building for extra safekeeping. All the buildings in Bay Square benefit from onsite maintenance services, that covers maintenance related issues. Empower supplies district cooling in the complex buildings.
The complex displays a vibrant pedestrian environment boasting many open spaceswith water features and public art exhibitions. The vibrant people of the community can use up the place to organize events and throw parties. Commercial buildings have their own meeting lounges where employees can plan social meetups and gatherings.
Gym and Fitness Facilities
Fitness options in Bay Square include a fitness centre which consists of a well-equipped gymnasium and a yoga room. The gym features high-tech cardio and weightlifting equipment suitable for people of any age. Those who like to stay fit by swimming can visit the temperature-controlled swimming pool, located in the premises.
Bay Square offers a myriad of amenities to its guests and residents alike. These include walkways that are surrounded by water features, where residents can sit back and relax in their free time, or take evening strolls on the sidewalks along the canal. One can also enjoy healthy activities like jogging and swimming. The swimming pool comes with a sun-deck and pool loungers. Moreover, they get exclusive access to DoubleTree hotel amenities, including a yoga room, three treatment rooms, a sauna and steam rooms.
Concierge and Guest Services
There are round-the-clock concierge services provided in every building. One will find reception desks that cater to the queries and are high-end lavish lobbies where guests and visitors can unwind.
Some of the buildings in Bay Square allow your pets to feel at home.
Bay Square has incorporated safety measures that perfectly meet the requirements of international safety standards. There’s a high-tech fire detection system that is enabled throughout the building. Moreover one can find fire-extinguishers and emergency exit gates in each building.
Apartment Types in Bay Square
Bay Square features a total of 326 residential units. Each residential building offers a wide collection of studios and 1-bedroom apartments.
Studio Apartments in Bay Square
Studios in Bay Square come in in just one standard floor plan, however, the sizes vary from 563 sq. ft. to 1,562 sq. ft. These units come with spacious balconies that offer views of Bay Square. There is a fully fitted kitchen and a generous living area combined with a dining area and a bed space. Residents can also enjoy amazing views from the full-length windows.
1-Bedroom Apartments in Bay Square
The 1-bedroom apartments in Bay Square are built on two different layouts. Some of these units are built in loft-style. Surface area of 1-bedroom apartments vary between 1,121 sq. ft. to 1,563 sq. ft. The master bedroom comes with an attached modern bathroom and large closet space. There is a fully fitted kitchen, spacious hallway and a balcony. These units also feature floor-to-ceiling glass windows that offer panoramic views of the complex.
Other Property in Bay Square
There are 570 offices and 123 retail units in Bay Square. Retail shops are spread across the ground level of the complex, mostly consisting of restaurants, cafes, pharmacies and grocery stores, while the offices are located in eight mid-rise commercial buildings.
Offices in Bay Square
The office types in Bay Square consists of:
- Shell-and-core offices
- Fitted offices
- Shared Offices
The Shell-and-core offices are non-fitted property units, this means that tenants and landlords can choose the furnishing for their offices. Fitted offices are luxury units that are fully furnished. Shared office types are the ones that come with their exclusive meeting rooms and lounges in the building.
Offices in Bay Square come in varying sizes, with surface area ranging between 220 sq. ft. to 70,243 sq. ft. The rental prices start from AED 30k to AED 5.6M, while investing in office in Bay Square can cost anywhere from AED 1.5M to AED 3.5M. Some of the offices feature balconies overlooking Dubai’s skyline and the Dubai Canal.
Shops in Bay Square
The shops in Iris Bay are spread across the ground floor. These are normally used as retail stores, cafes or restaurants. Renting a shop in Bay Square can cost an average of AED 241k, annually.
Most Popular Apartment Types in Bay Square
Based on searches conducted by users on Bayut.com over the past 12 months
Based on the searches on Bayut, the most popular apartment type in Bay Square are studios. Following those are the 1-bedroom units.
Rental Trends in Bay Square
- Rents of Studio apartments come in the range of AED 55k to AED 58k
- The rental prices for 1-bed units in Bay Square lies in between AED 60k to AED 105K
- One can rent offices in Bay Square starting from of AED 29K up to AED 5.6M
Apartments for rent in Bay Square comes with a flexible payment plan. Tenants are required to pay in four post-dated cheques. If you want to compare the price tags with other apartments for rent in Business Bay, you will find the properties in Bay Square to be cheaper than most.
Sale Trends in Bay Square
- One can buy Studios in Bay Square in the price range of AED 625k to AED 650k
- 1-bedroom apartments have selling prices in the range of AED 1.1M to 1.6M
- Offices on sale in Bay Square comes in prices varying between AED 1.5M to AED 32M
Allowing freehold ownership to foreigners, these stunning Bay Square apartments for sale are available for buyers and investors. Featuring multiple high-end amenities, these units for sale gives residents a chance to experience a high-end luxury lifestyle in the most popular commercial hubs of Dubai.
One will also find many Business Bay apartments for sale, available for those looking for other options in the community.
Rental Yield in Bay Square
Based on searches conducted by users on Bayut.com over the past 12 months
There is an excellent Return on Investment (ROI) for the single beds in Bay Square. High on demands, these Studio apartments are shown to offer the highest ROI of 7.0%. Right behind these are the 1-bed units offering an ROI of 6.2%.
Transportation near Bay Square
Bay Square offers excellent accessibility to major highways like Sheikh Zayed Road and Al Khail Road. The complex directly connects with Mohammad bin Rashid Boulevard making travel quite easy for those who take personal vehicles. The hotel also offers complimentary shuttle services to its guests, which takes them to popular tourist attractions like Dubai Mall, Burj Khalifa and key business areas of the city including DIFC and Dubai World Trade Center. Other means of public transportation near Bay Square includes buses, metros and trams.
Bus Stations near Bay Square
The complex has its own bus terminals, Bay Square 1 and Bay Square 2. These are the closest bus stops and take a few minutes to walk, depending on which tower you reside in.
Metro Station near Bay Square
The nearest metro station is Business Bay, which takes a short drive of 9 minutes to reach.
Tram Station near Bay Square
One can catch the nearest tram ride from Dubai Tram Depot in 19 minutes of drive.
Restaurants near Bay Square
The complex features many dining options within the premises, some of these include:
- My Square
- Le Petit Belge
- Sushi Counter
- Spicy & Ginger
- Taipei Dao
Taipe Dao offers a healthy option of Asian and Chinese cuisines. The place is also dog-friendly and entertains your pets. Pizza Express Live is the world’s first Pizza Place, opened in Bay Square. It offers live entertainment for residents to enjoy while munching on famous Italian dishes. Le Petit Belge serves authentic Belgian beverages and cuisine.
There is also an option of popular cafes and fast-food joints including Café Circle, Kad Che, Azar Restaurant & Café, Häagen-Dazs, Antar Café, Subway and Cha Cha Chai. All these restaurants and cafes require are walking distance away, depending on which tower you live in.
Some nearby fine dining restaurants near Bay Square include:
- Tong Thai
- Weslodge Saloon
Residents will find many fine-dining options close by since the JW Marriott Marquis Hotel is located just 6-minutes from the complex. Those who fancy steaks can visit these upscale American steakhouses, Prime 69 and Weslodge Saloon. One can enjoy luxury dining and enjoy the amazing views of the Dubai Skyline. Tong Thai is a Thai restaurant which is reputed as a popular date night spot.
Nine7One in The Oberoi is a 5-minute drive that serves continental and Italian cuisines. Ananta is also in The Oberoi offers Indian and North-Indian cuisines along with a full bar. There are other fine dining options one can enjoy, including Hotel Cartagena, Masala Library by Jiggs Kalra and Waka Restaurant & Bar.
Some nightlifeoptions in the vicinity include 1 Oak Dubai, Vault, Seven Sisters, The Lobby Bar and Buhayra Lounge in Palace Downtown. Seven Sisters offer special ladies night and serves Asian foods. 1 Oak club is a popular nightclub in the town. These are located within a radius of 7 minutes’ drive.
Supermarkets near Bay Square
One can locate several supermarkets in the vicinity. The closest ones include:
Choithrams is located within the complex providing residents the easiest and nearest option to collect day-to-day groceries. There are two branches of Spinneys nearby, the closest one is 4-minutes away. One can also find a Carrefour in the area, this international hypermarket is located at a driving distance of 5-minutes, while an outlet of Zoom is 4 minutes away. There are numerous other supermarkets situated within the vicinity of Bay Square that deal with a wide range of items.
- Ontario Tower – a mixed-use building
- The Old Town Island – housing complex
- The Prism – commercial building
- The Regal Tower – commercial building
- Vida Downtown – 4-star hotel
- Renaissance Downtown Hotel – 5-star hotel
Bay Square enjoys proximity to several commercial towers including The Prism, The Regal Tower, Park Lane Tower and The Exchange. Some mixed-use and residential complexes such as Ontario Tower and The Old Town Island by Emaar are also in the vicinity. Residents will find many 4-star and 5-star hotels close by, such as JW Marriott, Renaissance Downtown Hotel, Vida Downtown and DAMAC Maison Canal Views.
Some popular attractions in the neighbourhood include:
- Souk Al Bahar
- Dubai Mall
Souk Al Bahar is only 4 minutes away from Bay Square. It is a traditional market that offers many dining and entertainment options. Kidzania is an ideal place for a quick getaway with your kids. Offering a number of fun-filled activities for kids, it is a theme park in the Dubai Mall. Residents can enjoy numerous other attractions in Dubai Mall, including the Dubai Aquarium & Underwater Zoo and The Dubai Fountain. Located at a driving distance of 9 minutes, it is also a perfect place for detailed retail therapy.
THINGS TO CONSIDER
This master project offers a perfect work-life balanced lifestyle with many amenities like easy transport facilities and furnished, waterfront apartments. However, apartments in the complex do not offer larger units. However, one can always look for other apartments for sale in Business Bay that offer larger units.