Business Bay is one of the popular hubs of commercial activities, as well as residentials in Dubai neighbors with Downtown Dubai, set surrounded by Dubai Water Canal. The area is home to several high-profile commercial buildings, world-renowned hotels including the former tallest hotel JW Marriot, retails, and banks. This location is only a few minutes out from Downtown Dubai. Host to many high rises, the location is considered as one of the focal points of Dubai’s business activities and mostly caters to urban expatriate professionals who lead a work-oriented life.
Business Bay envisages the city as the central business district of Dubai. The central position of Business Bay allows for it to be well connected to main roads and the big highways, within a couple of minutes’ distance. Cosmopolitan people enjoy a high-paced, diverse environment that is also very accommodating for all a resident’s needs and requirements, especially working professionals.
The reason why Business Bay is a popular choice among young professionals is the incredible range of facilities they can enjoy within the area itself and close by in the vicinity too. There are numerous shopping outlets, restaurants, cafes, salons, activities and much more that allow for everything essential to be within reach. In addition, the Dubai Mall is a few minute drive away or just one metro station away.
Residential apartments in the area are spacious and airy, including a wide range of options to choose from; from studios to 5 bedroom apartments, penthouses and duplexes, they are all upscale apartments that are all modern and trendy. The area boasts some of the most modern apartments in the city, while some are on the market as freehold projects. One of the examples of the latest ventures is The Paramount Towers by Damac, a development of 1,200 flats with a hotel on the 4th level, without a doubt a stunning project. It’s a complement to Dubai’s current glamorous buildings and landmarks. The project is completed and is centred in Business Bay, a few minutes from downtown Dubai, right in the centre of the city with an immense range of restaurants, pubs, retail centres and much more. It is also the hub for several companies, making it an ideal place for those looking to work in the area and have shorter commute times- making accessibility a priority.
Renting in Business Bay is quite common among professionals as there are plenty of options available. Residentials mainly consist of high rising towers that come with fully equipped amenities such as swimming pools, modern gyms and children’s playgrounds. Its costs around AED 28k yearly for a studio and 1 bedroom apartments rental starts from AED 35k up to AED 150k per year. It can be observed that price gaps are fluctuating in a variety of selections. Moreover, most popular ones are hotel apartments those are configured in studio or 1 bedroom setups prices range between AED 35k to AED 250k annually.
For buying, the most affordable option would be somewhere around AED 400k then goes up to AED 1.2M for a 1 bedroom flat and 2.5M for 2 bedroom flats respectively. To buy a huge 5 bedroom modern apartment in one of the towers, one should expect to pay minimum of AED 4M. Alternatively, buying a 2 bed villa which costs AED 2M could be a good investment option. Also, investors interested in commercial properties can buy offices in Business Bay in costs range of AED 300k to AED 30M.
There are a lot of options available in Business Bay for most budgets. While the homes are stunning and trendy, they aren’t entirely accommodating for bigger families therefore an ideal niche for this residential and commercial area is young working professionals. The accessibility and vast variety of essential stores and dining outlets make it a viable option for such targeted clients especially with the bustling nightlife of Business Bay that is slowly making rounds around town! Additionally, there are more sophisticated homes in the area such as Paramount by Damac and Habtoor City.
A main spot within Business Bay namely Bay Avenue, was built from within the vicinity of Executive Towers in Business Bay and in short walking distance from all the surrounding residential buildings. Exclusive shopping, grocery, entertainment and several other facilities for people of the area are all within walking distance. This spot, Bay Avenue, comprises of two floors with 64 retail shopping outlets. The avenue promenade provides a range of upscale dining choices.
While maintaining its repute as a business hub, Business Bay has also become incredibly popular for its nightlife offerings too. Because the majority of the existing residents as well as those who live close by include of young professionals, Business Bay offers many casual lounges and bars to help relax after a long day, also including sophisticated night clubs for those looking to party and unwind with friends on the weekend.
The area has its own metro station Business Bay metro station and there are several bus routes are available for commuting. The apartments in the area come with dedicated parking spaces. For private conveyance, Business Bay is well linked to Sheikh Zayed road and is also connected to the Downtown Boulevard.
There are quite a few selections of preschools such as Maple Bear Pre School in The Burlington Tower, Hummingbird Nursery in Bay Avenue and Canadian Kids Nursery in Churchill Towers. For schools, GEMS Our Own Indian School near Manama Market, Dubai International School in Al Quoz and Towheed Iranian Boys School are located within an easy reach. Furhtermore, Dubai Knowledge Village which offers international programs for young adults is quite nearby from Business Bay.
Dubai Canal is one of the nicest places in Dubai and known for its most-prestigious projects Marasi- floating villas along the 3km canal. Apart from the canal, there are burgeoning parks such as a pet friendly Burj Park and Safa Park for running and other activities.
For entertainment, Bay Avenue hosts music festivals, farmer’s markets, and other events and celebrations for multicultural residences. Visitors can see street frescos done by the local artists on the walls of Bay Avenue.
Traffic-associated disruption occasionally occurs in this prime location due to its heavy flow of commuters. The commercial hub’s fast-paced living style, the bustle of the community, and the amount of noise might not be suitable for families.
Also Read: Four reasons to invest in real estate today
If you would like to get more information on leasing and buying apartments as well as market prices in this area- Kindly contact us for a free consultation at 800-TEXTURE or Whatsapp at +971-50-8091186.