The Exchange Tower Business Bay

The Exchange Tower Business Bay

HIGHLIGHTS

About The Exchange Tower Business Bay

The Exchange Tower Business Bay is a high-rise commercial tower. It is located in the bustling neighbourhood of Business Bay. It has an eye-catching structure that makes it one of the most prominent buildings in the area. This 32-storey tower was developed by Tanmiyat Group. It features about 155 to 188 office units in total. The office space available ranges from 100 sq. ft. to 4,240 sq. ft.  The tower comprises three basement and podium levels, a ground floor and 28 floors for offices. It is also popularly called The Exchange Business Bay and The Exchange Tower.

Popular as one of the busiest district of Dubai, Business Bay is a mixed-use neighbourhood, located next to Downtown Dubai. This district is full of luxury-lifestyle amenities which facilitate both residential and commercial needs. According to Bayut’s Real Estate Market Report of Dubai for H1 2020, the area achieves the 6th rank among the most popular neighbourhoods to buy apartments in Dubai. The area is home to multiple high-end hotels and lifestyle destinations. 

IN A NUTSHELL

  • Located in Business Bay
  • Developed by Tanmiyat Group
  • High-rise commercial tower
  • A 32-storey building
  • Comprises three basement and podium levels, a ground floor and 28 floors for offices
  • About 155 to 188 office units in total
  • Close to Sheikh Zayed Road 
  • Business Bay metro station is located near the tower

BUILDING DETAILS

Facilities in The Exchange Tower Business Bay

Parking 

There is a secure area in the basement level for parking in The Exchange Tower Business Bay. Each unit comes with dedicated parking spots.

Elevators 

There are multiple high-speed elevators in The Exchange Tower Business Bay, Dubai.

Security and Concierge Services

The Exchange Tower Business Bay, Dubai, has CCTV cameras installed along with the availability of security guards. People can also find a guest check-in desk, which assists round-the-clock

Fitness Amenities 

Visitors and occupants may find Mantra Fitness Club and The Gym near The Exchange Business Bay, Dubai. These two gymnasiums are located just 2 and 3 minutes away from the tower.  

Properties in The Exchange Tower Business Bay

The ground floor of The Exchange Tower Business Bay offers multiple facilities to occupants and visitors. The building comes with a wide variety of office units. These include:

  • Shared offices
  • Fully fitted offices
  • Shell and core offices

Shared offices are private spaces that come with multiple shared facilities. For businesses which want to start their operations right away, fully fitted offices are the best options. If you want to choose the finishing of your office according to your desire, then go for shell and core units.

Offices in The Exchange Tower Business Bay

There are three types of offices within the tower and each has different configurations. Shared offices in this building cover the floor area of around 100 sq. ft. These offices come with shared meeting and lounge areas. 

Fitted offices have a larger floor plan starting from 1,754 sq. ft. to 4,240 sq. ft. These are ready fitted offices with a high floor and ceramic tiled flooring. People can also find shell and core offices with covered areas ranging from 882 sq. ft. to 2,316 sq. ft. 

Rental Trends in The Exchange Tower Business Bay

The rental prices of offices in The Exchange Tower Business Bay may range between AED 2.5k to AED 650k. Details include:

  • The rental price of shared offices in The Exchange Tower is around AED 2.5k to AED 18k
  • The rental price of fully fitted offices in The Exchange Tower ranges from AED 30k to AED 210k
  • The rental price of shell and core offices in The Exchange Tower ranges from AED 35k to AED 650k

These units offer a wide range of facilities in the popular district of Business Bay.

Sales Trends in The Exchange Tower Business Bay

According to research conducted by Bayut’s team, details of offices for sale in The Exchange Tower Business Bay are:

  • The cost of a fully fitted office ranges from AED 2M to AED 2.8M
  • The cost of a shell and core office ranges from AED 930k to AED 1.5M

Floor size of these units ranges from 100 sq. ft. to 4,240 sq. ft.

Service Charges in The Exchange Tower Business Bay

GENERAL FUND
PRICE PER SQ. FT. IN AED
GENERAL FUND
Services
General upkeep of the building
PRICE PER SQ. FT. IN AED
1.57
GENERAL FUND
Maintenance
General repairs and replacements
PRICE PER SQ. FT. IN AED
2.01
GENERAL FUND
Improvement
Charge for the improvement or replacement of services or facilities provided
PRICE PER SQ. FT. IN AED
0.14
GENERAL FUND
Utilities Services
Charges for using DEWA/district cooling facilities and meters
PRICE PER SQ. FT. IN AED
7.42
GENERAL FUND
Management Services
Owner’s association charges for managing the property
PRICE PER SQ. FT. IN AED
0.79
GENERAL FUND
Insurance
Charge for the insurance of the building
PRICE PER SQ. FT. IN AED
0.42
GENERAL FUND
Master Community
Fees for communal facilities in the neighbourhood
PRICE PER SQ. FT. IN AED
0.46
GENERAL FUND
Adjustment
The difference between the estimated amount charged the previous year vs the actual amount spent
PRICE PER SQ. FT. IN AED
-1.48
GENERAL FUND
Reserved Fund
Funds used for major repairs and to help maintain the yearly service charges fees
PRICE PER SQ. FT. IN AED
0.51
GENERAL FUND
Total
PRICE PER SQ. FT. IN AED
11.84
ADDITIONAL SERVICES
PRICE PER SQ. FT. IN AED
ADDITIONAL SERVICES
Unit A/C (Charges)
PRICE PER SQ. FT. IN AED
5.09

These figures are based on the services charges for The Exchange Tower* as per the Dubai Land Department.

There are many different types of Dubai service charges, read up on the service charges guide if you are interested in buying a property in Dubai.

*These charges are subject to change.

NEARBY AMENITIES

Transportation near The Exchange Tower Business Bay

Transportation near The Exchange Tower include:

Bus Stops near The Exchange Tower Business Bay

  • Gulf News 1 Bus Stop (8 minutes away)
  • Pepsi Cola Factory Bus Stop (6 minutes away)
  • Hadiqa Street 2 Bus Stop (7 minutes away)

Metro Stations near The Exchange Tower Business Bay

Metro Station near The Exchange Tower Business Bay
Burj Khalifa Metro Station is 4 minutes away
  • Business Bay Metro Station (3 minutes away)
  • Burj Khalifa Metro Station (4 minutes away)
  • Financial Centre Metro Station (5 minutes away)

You may also hire a taxi in this area.

Restaurants near The Exchange Tower Business Bay

Restaurants near The Exchange Tower, Dubai, include:

  • Positano (2 minutes away)
  • Herbz Restaurant (2 minutes away)
  • Farsi Restaurant (4 minutes away)
  • Bay Inn Restaurant (5 minutes away)

Located just 2 minutes away, Positano is an Italian restaurant, featuring a warm ambience. Its top dishes include Bresaola, Bruschetta, Tiramisu, Risotto and Ravioli. Visitors are a fan of its décor, friendly staff and happy hour. The restaurant usually costs around AED 360 for two people, whereas a pint of beer has a price of AED 35. Customers enjoy its valet parking option, private dining area and buffet setting. It is highly recommended to book a table before visiting Positano.

If you are a fan of Arabian, Indian or Continental cuisines, Herbz Restaurant is also just 2 minutes away from The Exchange Tower Business Bay. This casual dining eatery is quite popular among students due to its long menu, customizable food option and affordability. The eatery is also popular for its ambience and fresh food. It usually costs around AED 130 for two people. Customers can also benefit from its outdoor seating option and home delivery service.

For Iranian food, you may head to Farsi Restaurant, located 4 minutes away. Visitors are a fan of its Zereshk Pulao, Kebab Torsh, Grilled Chicken Steak, Joojeh Masti, Saffron Rice and Jumbo Prawns. This place is popular for its variety of vegetarian options, presentation of dishes, delicious taste and exceptional service. This wheelchair accessible eatery usually costs around AED 195 for two people. Customers also enjoy its free Wi-Fi service and home delivery option. For Pakistani food, visitors may head to Bay Inn Restaurant, located 5 minutes away. It has an average cost of AED 110 for two people. You may also Tong Thai, which is one of the best restaurants in Business Bay.

Some nightlife options near this building include:

  • Park Outdoor Lounge
  • Vault
  • The 44

If you are looking forward to heading out with your friends, you may head to Vault and Park Outdoor Lounge, located just 3 minutes away. These destinations come with an elegant ambience. The 44 is a popular bar in the area, located 4 minutes away.

Nearby Buildings

Some of the buildings near The Exchange Tower Business Bay include:

  • Opus Tower
  • Majestic Tower
  • Ontario Tower
  • Hamilton Residency
  • DAMAC Towers by Paramount

Located in Business Bay, Opus Tower is a 21-storey mixed-use building. It features a unique architectural design. The tower was developed and designed by Omniyat Properties and Zaha Hadid Architects, respectively. It comes with multiple office units and residential options. The residential side of this building consists of 1, 2 and 3-bedroom apartments. You can find a rooftop bar and club in Opus Tower. This building is located 4 minutes away from The Exchange Tower Business Bay.

DAMAC Towers by Paramount is a Hollywood-inspired complex, consisting of four towers. The project was launched back in 2013 by DAMAC Properties. All the floors in this complex consist of 68 floors in total. The complex comprises three residential towers and a hotel building named Paramount Hotel, which features 800 luxurious rooms. The residential towers come with 1,200 apartments. It is located 12 minutes away from The Exchange Tower Business Bay.

Hamilton Residency is a 20-storey residential tower, located just 11 minutes away from The Exchange Tower Business Bay. Developed by DEYAAR, it consists of 178 units. These units comprise studio apartments and 1-bedroom apartments. Ontario Tower is a mixed-use building, located just 4 minutes away. It is in close proximity to The Oberoi, Dubai. This 29-storey tower consists of 150 units in total. This building also facilitates retail stores and offices. Just 8 minutes away from The Exchange Tower Business Bay, you can find Majestic Tower in Business Bay. This 22-storey building is a mixed-use project, featuring 1, 2 and 3-bedroom apartments. Residents enjoy ample parking spaces in the basement and podium levels of this tower.

THINGS TO CONSIDER

Overall, The Exchange Tower Business Bay is one of the ideal buildings in Business Bay to operate a business. However, people must consider traffic conditions near this tower during rush hours and plan their trips accordingly.

Are you looking to buy or rent property in The Exchange Tower Business Bay?

RATINGS & REVIEWS

Reviews are not available currently for this building

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