To purchase an apartment in Business Bay is to invest in the Manhattan of the Middle East. The commercial, residential and business clusters that make up Business Bay are their own self-sufficient city within a city. Sitting in the shadow of the world’s tallest tower, Burj Khalifa, it is a lure for both corporations looking for luxury office space and singles, couples and families in search of apartments for sale that offer Dubai’s best in views and locality.
Accessibility and Commute Times to/from Business Bay - Business Bay has access to all areas of Dubai, fringed by two of the city’s biggest roads; Sheikh Zayed Road and Al Khail Road. It is an approximate 15-minute drive to the airport, a 20-minute drive to Media City and a 30-minute drive to Dubai Marina. Having its own metro station on its doorstep, Business Bay Metro Station, also means most destinations are an easy journey away.
Apartments in Business Bay - Despite the assumption that a flashy downtown residential area would only offer apartments for sale, there are also luxury villas listed in Business Bay, although apartments are in the majority. Flats in Business Bay are spacious and airy, both furnished and unfurnished units that range from studio apartments, penthouses and 3-bedroom or 4-bedroom villa apartments – all right in the heart of downtown. Business Bay’s leading residential development is Executive Towers which is made up of 12 tall complexes of studio to four-bedroom apartments as well as ‘villa apartments’ for sale. These villa-style spaces are situated on a lower floor and have large balconies surrounding the properties to resemble a back garden, ideal homes for renters who want the perks of villa life while being conveniently situated downtown. And talk about a view – as if views of spectacular Downtown Dubai and the Burj Khalifa were not enough, many Business Bay apartments have views of the Business Bay Canal as well.
Potential for Return on Investment in Business Bay - Some of the most known companies in operation within the MENA region are headquartered in Business Bay. Thus, the area is highly equipped to accommodate all the needs of both its residents and working professionals and has a high occupancy rate as well as good return on investment. Statistics reveal that Dubai ranks 23rd in the global office market list, with Business Bay being one of the key contributors for the provision of office spaces. Investing in a buy-to-let apartment in Business Bay means potentially always having a working professional or a young family as tenants. Post the successful Expo 2020 bid, there has been a lot of focus on promoting Business Bay, and so it’s an area worth investing early.
Lifestyle and Community in Business Bay - The area is fronted by both a shopping mall and a Main Street-style development of restaurants, cafes and shops, providing its residents with no shortage of convenience. Located in one of Dubai’s prime business hubs, it is no surprise that Business Bay is also home to some of the city’s finest dining and nightlife venues. With a mix of much-loved homegrown concepts as well as posh restaurants, bars and lounges inside of its 5-star hotels, there’s no shortage of choice whether it’s a special occasion or a casual evening.