Business Bay is truly a district on the move, packed with new residential and commercial developments and a distinct identity of its own. Its proximity to the ‘Centre of Now’ as Downtown Dubai is known, coupled with plenty of spacious apartments, makes the apartments for sale in Business Bay a highly desirable investment prospect. For buyers keen to invest in Business Bay apartments, MyBayut presents in-depth information on the best buildings in the area.
WHY INVEST IN BUSINESS BAY APARTMENTS FOR SALE?
One of the key attractions of buying apartments in Business Bay is the comparatively affordable prices for this strategic location. Additionally, those living in apartments in Business Bay can easily access commercial districts, including DIFC, the World Trade Centre area and Dubai Design District (D3). Another key advantage for residents is that Business Bay is well-connected with public transport options, including Dubai Metro and RTA buses.
From an investor’s perspective, Business Bay offers healthy rental yields of 5.9% for apartments, which makes it a good investment opportunity.
Today, we look at the most popular buildings with apartments for sale in Business Bay that have caught the attention of Bayut users.
TOP 5 BUILDINGS WITH APARTMENTS FOR SALE IN BUSINESS BAY
|DAMAC Towers by Paramount Hotels and Resorts|
|Capital Bay Towers|
As per Bayut’s data, Executive Towers are the most popular buildings to buy apartments in Business Bay. This is closely followed by Churchill Residence, which is located along the Dubai Canal. Other buildings that buyers are paying attention to include DAMAC Towers by Paramount Hotels and Resorts, Ontario Towers and Capital Bay Towers.
Keep reading for more details on average prices for apartments in each of these buildings, features and amenities in the building.
By far the most popular place to buy apartments in Business Bay, Executive Towers has several features and advantages that make it stand out from the crowd. The complex consists of 12 high-rise residential towers, located close to the Business Bay metro station. The apartments in Executive Towers range from stylish studios to spacious 4-bedroom apartments, along with a limited number of luxurious podium villas. These apartments for sale in Business Bay are also home to Bay Avenue Mall, located at the base of the towers, which is home to supermarkets, pharmacies, restaurants, salons and nurseries. The park also offers lush green spaces for kids to enjoy, and the complex is equipped with swimming pools and gymnasiums.
The floor plans for Executive Towers offer various layouts for buyers to choose from. Executive Towers apartments for sale have an enviable location, being walking distance from the attractions of Downtown Dubai. All in all, these apartments in Business Bay are a safe bet, whether for buying a property to live in or as an investment.
Looking for studios for sale in Business Bay? The prices to buy studio apartments for sale in Executive Towers average at AED 887.5k, while 1-bedroom flats stand at AED 1.1M. The average sales price for 2-bedroom flats in Executive Towers also stands at AED 1.6M.
Part of a mixed-use complex, Churchill Residence is one of the most popular residential towers in Business Bay, located along the Dubai Canal with stunning views of Burj Khalifa. Also known as Churchill Residency, this residential tower comes with amenities such as fitness centres, swimming pools, play areas and sports courts. Residents will also benefit from round-the-clock security along with restaurants and a nursery located within the complex itself, when they invest in these apartments for sale in Business Bay.
The apartments for sale in Churchill Residence come in 1, 2, 3 and 4-bedroom configurations, and buyers can browse the various Churchill Residence floor plans, too. Buyers can expect to shell out an average of AED 920k for 1-bedroom apartments and AED 1.35M for 2-bedroom apartments in Churchill Residence.
DAMAC TOWERS BY PARAMOUNT HOTELS AND RESORTS
Looking for the best apartments for sale in Business Bay? Consider the Hollywood-inspired development of DAMAC Towers by Paramount Hotels and Resorts, which consists of three sleek residential towers and one hotel tower.
Located off Al Khail Road, these Business Bay apartments have lovely views of the canal and Downtown Dubai. Additionally, the apartments in DAMAC Towers by Paramount come with amenities such as fitness centres, sun decks and swimming pools. Buyers can browse the DAMAC Towers floor plans to choose a unit that suits their requirements, whether they want a balcony with panoramic views or larger bedrooms for the family.
Next on the list of the most popular towers with apartments for sale in Business Bay is Ontario Tower, one of the most affordable options for buyers. Located in the heart of the neighbourhood, Ontario Tower is a mixed-use building that has studios, 1 and 2-bedroom apartments for sale with premium fixtures and fittings. The tower also offers facilities such as swimming pools, health club, daycare centre and play areas for children. The 24-hour concierge, covered parking and 24/7 security are some of the facilities that also add to the upscale lifestyle that Ontario Tower apartments for sale offer.
These flats for sale in Business Bay are some of the most affordable in the area, ideal for budget investors who want to own property in this thriving community. The prices to buy studio flats in Ontario Tower average at AED 567.5k while larger 1-bedroom apartments in Ontario Tower can cost around AED 750k. Couples and small families will find that 2-bedroom apartments in Ontario Tower average around AED 950k.
CAPITAL BAY TOWERS
Capital Bay Towers is another chic development, with two mid-rise towers offering beautifully appointed, spacious apartments. These apartments for sale in Business Bay come with luxury facilities including a health club, swimming pool and retail outlets. While it’s located on the quieter side of Business Bay, the Capital Bay Tower apartments for sale have easy access to Al Asayel Street (D72) which offers a quick route to Downtown Dubai.
The apartments in Capital Bay Towers are available in layouts ranging from studios to 3-bedroom units. The studios for sale in Capital Bay Towers average at AED 587.5k, while those looking for a 1-bedroom apartment for sale in Business Bay will find that these units average at AED 1.2M in Capital Bay Towers. Those looking for larger properties will find that the 2-bedroom flats in Capital Bay Towers will cost an average of AED 1.4M.
That concludes our review of sales trends for apartments for sale in Business Bay! You can also read up on Bayut’s Dubai property market report for 2019, to find out the evolution of property prices over the last year and the best places for buying and renting! And stay tuned to MyBayut for more articles on the Dubai property market.