Established in 2003, Business Bay was founded with the idea of being a business district spanning a total area of 1.68 square mi. The project has an expected population of around 191,000 and a density of 110,000/sq. mil.
Besides being a central business district, Business Bay is a project that also features multiple skyscrapers. The plan is that the area will consist of more than 240 buildings, both commercial and residential developments. Business Bay is a part of the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, who is the Vice President, Prime Minister, and Ruler of Dubai. If you work in the Downtown and DIFC, Business Bay forms a great choice for residence.
Living in Business Bay
The Business Bay offers one of the trendiest hubs that you will ever come across in Dubai. Located near the Dubai Canal, this community is packed with high-rises, stylish apartments, and buildings to choose from. For those people who are looking forward to Business Bay property and an upscale lifestyle, Business Bay is no less than a haven.
With a fantastic lifestyle and facilities and amenities, it is a great location to stay in. Geographically it is set in a way that provides people with easy access, whether it is high-end gyms, trending cafes, and places to socialize in. One of the most convenient parts is that it is 5 minutes away from Dubai Mall, one of the best malls globally.
If you love glittering skyscrapers, then it is another reason why you should live in Business Bay. If you love having a good time and are fond of shopping, then you will be glad to know that you will be only a short drive away from all the good places. This includes The Dubai Mall, Souk Al Bahar, Dubai Opera, and not to forget some very trendy Dubai restaurant options to choose from.
Among Business Bay things to do, you can visit the Dubai Water Canal that offers a fantastic cycling or jogging track along with a stunning mechanical waterfall. If you don't want to shop expensive, the Bay Avenue mall is filled with excellent pricing options, family-friendly dining areas, and waterside restaurants. The waterside restaurants offer fantastic food whether you want Asian snacks, Lebanese dishes, or light street food.
You can consider some prominent schools near Business Bay for your kids. These schools include GEMS Our Own Indian School, The English College Al Safa, and Hummingbird Nursery Bay Square.
Business Bay is well-connected with other areas around Dubai and has multiple transport options via bus, taxi, and car. The Dubai International Airport is only 15 to 20 minutes away depending on the traffic, which is why people prefer living in Business Bay.
Average Sale Price
AED 1,221 per square foot for an apartment
Average Rental Price
AED 85,089 per square feet for an apartment
Average Gross Investment Yield
AED 5.26% for an apartment
If you would like to take a look at the properties located in Business Bay or have made up your mind to purchase one, contact us here. Our agents will guide you to the best of their knowledge according to the requirements that you have.