DAMAC Executive Bay, Business Bay

DAMAC Executive Bay, Business Bay

HIGHLIGHTS

About DAMAC Executive Bay, Business Bay

Set in the notable Business Bay district, DAMAC Executive Bay is a two-tower complex that offers residential units and office spaces. Developed by DAMAC Properties, the project boasts a unique exterior. The development consists of two towers; one offers residential apartments while the other is dedicated to commercial properties. The complex is situated adjacent to the Dubai Creek, so residents can enjoy gorgeous views of the bustling district. 

executive bay entrance
DAMAC Executive Bay is a two-tower complex in Business Bay

The two towers of DAMAC Executive Bay are named Tower A and Tower B; where the former features elegantly designed residential units and the latter offers spacious offices. The two towers are connected by a plaza. A portion of the complex is dedicated to facilities that both residents and business associates can use. The residential tower is facilitated with a sophisticated lobby, a large swimming pool, a fully equipped gym, a beauty salon and various other amenities. 

Designed by Engineering Consortium Consulting Engineers, Tower A is a 19-storey residential building and Tower B is a 21-storey office building. The construction of the complex started in 2008 and was completed in 2014.

The convenient lifestyle offered to residents is mainly because of the prime location of DAMAC Executive Bay in Business Bay. The complex is surrounded by high-end hotels, captivating buildings and towering skyscrapers. The vibrant district houses a range of upscale restaurants, malls and supermarkets. The gleaming Burj Khalifa and the renowned The Dubai Mall are also in close vicinity. The ideal location of the complex allows the residents to be well-connected to other major areas of Dubai. The towers stand tall adjacent to the Sheikh Zayed Road and are in proximity to the business hubs of Downtown Dubai and DIFC.

IN A NUTSHELL

  • Prime location in Business Bay
  • A two-tower complex
  • Developed by DAMAC Properties
  • The two individual buildings are named Executive Bay Tower A and Executive Bay Tower B
  • Construction started in 2008 and was completed in 2014
  • Designed by Engineering Consortium Consulting Engineers
  • Houses both residential and commercial properties
  • Features studios, 1 and 2-bedroom apartments
  • Easy access to Sheikh Zayed Road and Al Khail Road
  • Offers office spaces and retail options
  • A wide range of eateries at a walking distance
  • Quick access to supermarkets, pharmacy and convenience stores
  • Well-connected to major areas of Dubai
  • The Dubai Mall is a 10-minute drive away

BUILDING DETAILS

Facilities in DAMAC Executive Bay, Business Bay

Parking

All residential units get at least one spot for parking in DAMAC Executive Bay. Some flats and offices get multiple parking spots. There are multiple parking lots for visitors within walking distance from the tower.

cars outside executive bay
Cars parked outside the complex

Elevators

There are four high-speed elevators in DAMAC Executive Bay. Besides these, service elevators are also operational in the buildings. 

Security, Central Air-Conditioning and Maintenance Services 

DAMAC Executive Bay has a 24-hour security and CCTV system to ensure the safety of residents. A 24-hour operational front desk is established in the tower. In case of emergencies, a fire alarm system is activated. Residents and office occupants would have to pay yearly district cooling charges depending on their contract. The district cooling provider for DAMAC Executive Bay is Empower.

Gym and Fitness Facilities 

There is a well-equipped gym in DAMAC Executive Bay for residents. This is great news for fitness enthusiasts living in the complex. One can also find a large, temperature-controlled swimming pool, Jacuzzi, sauna and steam rooms. 

Lifestyle Amenities

For families with children, a play area is also maintained in the building. If parents need to head out, they can safely rely on the day-care centre in DAMAC Executive Bay

Concierge and Guest Services 

The complex has 24-hour concierge services.

Apartment Types in DAMAC Executive Bay

DAMAC Executive Bay offers studios, 1 and 2-bedroom apartments. The residential units have various amenities and offer a comfortable lifestyle. All apartments are furnished with modern fixtures giving the dwellings a contemporary look. 

Studio Apartments in DAMAC Executive Bay 

Ranging from 420 sq. ft. to 470 sq. ft., studios in DAMAC Executive Bay are perfect for individuals looking for comfortable accommodation. The cosy apartments feature furnished kitchens and bathrooms and some studio units have balconies. 

1-Bedroom Apartments in DAMAC Executive Bay

1-bedroom apartments in DAMAC Executive Bay have covered areas ranging from 680 sq. ft. to 750 sq. ft. The apartments are embellished with superior quality finishes. There is one en-suite bathroom in some apartments while others have 2 bathrooms. For people who like open kitchens, there are quite a few options in the complex. 

2-Bedroom Apartments in DAMAC Executive Bay

The spacious 2-bedroom apartments in the complex come in various configurations. The covered area for 2-bed apartments ranges from 1,050 sq. ft. to 1,350 sq. ft. The apartments either have 2 or 3 fully furnished bathrooms. In most apartments, the layout incorporates a fully equipped open kitchen, sizeable living spaces and bedrooms.

Commercial Properties in DAMAC Executive Bay

Commercial properties in DAMAC Executive Bay, Business Bay, Dubai include:

  • Shell and core offices
  • Fully fitted offices

OFFICES IN DAMAC Executive Bay

Business Bay features many mixed-use buildings and DAMAC Executive Bay is one that offers state-of-the-art offices. Occupants will find two types of offices in DAMAC Executive Bay: Shell and core and fully-fitted units. 

Shell and core offices can be designed according to your needs. Fully fitted offices are furnished and ready-to-move-in units.

Shops in DAMAC Executive Bay

Shops for rent in DAMAC Executive Bay are found on the ground floor of the complex. These can be used as retail stores, restaurants and supermarkets. You can buy shops in Executive Bay starting from AED 1.4M.

Most Popular Apartment Types in DAMAC Executive Bay

  • Studio
  • 1-Bed
  • 2-Bed
  • 0
  • 20%
  • 40%
  • 60%
  • 80%100%

Based on searches conducted by users on Bayut.com over the past 12 months

The most popular apartment types in DAMAC Executive Bay are the 2-bedroom apartments. Studio apartments are the second most popular types. Wrapping up the list are premium 1-bedroom flats.

Most apartments for rent in DAMAC Executive Bay require payments to be made in four cheques. However, there may be exceptions and you have to discuss the matter with your landlord. Usually, other apartments for rent in Business Bay also follow the same protocol.

Offices for rent in DAMAC Executive Bay have covered areas ranging from 785 sq. ft. to 840 sq. ft.

  • To rent fully fitted offices in DAMAC Executive Bay, one has to pay AED 40k to AED 45k.
  • Shell and core offices in Executive Bay Tower range from AED 38k to AED 42k.

Those looking for apartments for sale in Business Bay can consider spacious, elegant apartments for sale in DAMAC Executive Bay.

One can buy offices in DAMAC Executive Bay for AED 449k to AED 999k.

  • The average sales price for a fitted office in Executive Bay Tower is AED 449k. 
  • Shell and core offices for sale in DAMAC Executive Bay are available for AED 999k.

Rental Yield in DAMAC Executive Bay

  • Studio
  • 1-Bed
  • 2-Bed
  • 0
  • 2%
  • 4%
  • 6%
  • 8%10%

Based on searches conducted by users on Bayut.com over the past 12 months

Those looking to invest in DAMAC Executive Bay apartments would be delighted to know that the return on investment (ROI) is quite stable. For studio apartments, the ROI is an impressive 7.8%, which is higher than average. The ROI for 2-bedroom apartments is 6.3% whereas 1-bedroom apartments stand at 6.2%.

Service Charges in DAMAC Executive Bay

GENERAL FUND
PRICE PER SQ. FT. IN AED
GENERAL FUND
Services
General upkeep of the building
PRICE PER SQ. FT. IN AED
4.16
GENERAL FUND
Maintenance
General repairs and replacements
PRICE PER SQ. FT. IN AED
4.62
GENERAL FUND
Utilities Services
Charges for using DEWA/district cooling facilities and meters
PRICE PER SQ. FT. IN AED
6.11
GENERAL FUND
Management Services
Owner’s association charges for managing the property
PRICE PER SQ. FT. IN AED
1.55
GENERAL FUND
Insurance
Charge for the insurance of the building
PRICE PER SQ. FT. IN AED
0.48
GENERAL FUND
Master Community
Fees for communal facilities in the neighbourhood
PRICE PER SQ. FT. IN AED
0.69
GENERAL FUND
Adjustment
The difference between the estimated amount charged the previous year vs the actual amount spent
PRICE PER SQ. FT. IN AED
-0.63
GENERAL FUND
Reserved Fund
Funds used for major repairs and to help maintain the yearly service charges fees
PRICE PER SQ. FT. IN AED
1.49
GENERAL FUND
Income
A credit or debit charge
PRICE PER SQ. FT. IN AED
-0.64
GENERAL FUND
Total
PRICE PER SQ. FT. IN AED
17.83

These figures are based on the services charges for DAMAC Executive Bay, Business Bay* as per the Dubai Land Department. There are many different types of Dubai service charges index. 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 DAMAC Executive Bay

Residents and office workers can easily access public transportation near DAMAC Executive Bay.

Bus Stations near DAMAC Executive Bay

There are a few bus stops within walking distance. These include XL Tower, XL Tower 2, Avanti Tower, U-Bora Tower 1 and U-Bora Tower 2 at an 8 to 12-minute walking distance.

Metro Stations near DAMAC Executive Bay

Residents can find Business Bay Metro station at a 5-minute drive away from Executive Bay, Business Bay.

entrance of business bay metro station
Business Bay Metro Station

Restaurants near DAMAC Executive Bay

Residents will find Meli’s Restaurant and Cafe, a casual dining restaurant on the ground floor of the complex.

Meli's Restaurant and Cafe
Meli’s Restaurant and Cafe serves Italian cuisine

There are multiple eateries and cafes dotted around the complex. Residents and office workers can conveniently access the dining options on foot. Although Business Bay is packed with dining venues, the closest options include Han Cuisine Restaurant, One Kitchen, Nurai Café and Pinza.

For upscale options, residents can head to one of the following fine dining restaurants near Executive Bay, Business Bay:

  • Nine7One
  • La Mezcaleria Kitchen & Lounge
  • Ananta

Nine7One is a fine-dining eatery serving Arabic, Asian and Western cuisines. Ananta, one of the most popular restaurants in Business Bay Dubai, is an award-winning Indianeatery and has a curated a-la-carte menu. La Mezcaleria Kitchen & Lounge offers Latin American cuisine. All three restaurants are located in The Oberoi Dubai, which is 15 minutes away from the building complex. 

Supermarkets near DAMAC Executive Bay

Residents enjoy quick access to various supermarkets, convenience stores and pharmacies. Barsha Hills Mini Mart and Thumbay Pharmacy are present on the ground floor of the complex.

Barsha Hills Mini Mart
The main entrance of Barsha Hills Minimart

For grocery shopping, residents can go to these supermarkets near DAMAC Executive Bay.

  • Zoom
  • West Zone Fresh Supermarket
  • Happy Mini Mart

Happy Mini Mart is a 7-minute walk from the complex, while Zoom and West Zone Fresh Supermarket are a kilometre away.

NEARBY BUILDINGS

Residential buildings near the complex include:

DAMAC Executive Bay is situated close to DAMAC Park Central, Safeer Tower 1 and AG Tower.

Major Landmarks

Nearest landmarks are:

Burj Khalifa
Burj Khalifa is situated close to DAMAC Executive Bay

The complex is situated between Al A’amal Street and Dubai Creek. The towers are minutes away from the famous landmarks such as the Dubai Opera, Burj Khalifa and The Dubai Mall.

Dubai Opera
Dubai Opera – a centre for performance arts

THINGS TO CONSIDER

DAMAC Executive Bay features a range of residential apartments and office spaces. The complex offers an array of amenities including quick access to several significant venues. However, traffic congestion in the area can create minor inconveniences.

Are you looking to buy or rent property in DAMAC Executive Bay?

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