Business Bay

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Key Features:

  • Commercial Hub: Home to numerous multinational companies, Business Bay is a major commercial district with a significant number of office spaces.
    • Key Office Buildings:
      • The Opus: Designed by Zaha Hadid, featuring unique architecture and office spaces. Contact: +971 4 440 9700
      • Vision Tower: A prominent commercial tower with state-of-the-art facilities. Contact: +971 4 330 8800
      • Bayswater by Omniyat: Offering modern office spaces with stunning views. Contact: +971 4 511 5000
  • Dubai Canal: The district is situated along the scenic Dubai Canal, providing waterfront views and numerous recreational opportunities.
    • Key Attractions:
      • Dubai Water Canal Boardwalk: A popular spot for jogging, cycling, and leisurely walks.
      • Water Canal Bridge: Known for its stunning architectural design and panoramic views.
  • Bay Avenue Mall: A popular shopping destination in Business Bay, offering a range of retail outlets, dining options, and entertainment facilities.
    • Key Retail Outlets:
      • Spinneys Supermarket: +971 4 329 4165
      • Lush Cosmetics: +971 4 321 6141
      • Sun & Sand Sports: +971 4 434 1544
  • Hospitality: Several high-end hotels and serviced apartments cater to business travelers and tourists, including The Oberoi, JW Marriott Marquis, and Radisson Blu.
    • Key Hotels:
      • JW Marriott Marquis: +971 4 414 0000
      • The Oberoi Dubai: +971 4 444 1444
      • Radisson Blu Hotel, Dubai Waterfront: +971 4 249 7800

Property Types:

  • Commercial Spaces: A wide variety of office spaces in high-rise towers, catering to businesses of all sizes.
  • Apartments: Residential properties range from studios to multi-bedroom apartments, often with modern amenities and views of the Dubai Canal or the city skyline.
    • Notable Residential Buildings:
      • Executive Towers: A complex of 12 towers offering residential and office spaces.
      • The Atria: Mixed-use development with luxury apartments and hotel apartments.
      • DAMAC Towers by Paramount Hotels & Resorts: Featuring luxury serviced apartments.
  • Serviced Apartments: Fully furnished units with hotel-like services, ideal for short-term stays and business travelers.

Statistics and Market Trends:

  • Average Price per Square Foot: As of 2024, the average price per square foot in Business Bay is approximately AED 1,500.
  • Rental Yields: Rental yields in Business Bay typically range between 5-7%, making it an attractive area for investors.
  • Population: Business Bay has a diverse population of over 60,000 residents, including professionals, expatriates, and families.
  • Occupancy Rate: The occupancy rate in Business Bay remains high, often exceeding 85%, due to its strategic location and modern amenities.

Amenities and Lifestyle:

  • Shopping and Dining: Business Bay offers a variety of dining options, from casual cafes to fine dining restaurants, along with retail outlets and supermarkets.
    • Key Restaurants:
      • Bay Club Restaurant & Lounge: +971 4 559 5300
      • Mama’esh: +971 4 453 8166
      • Tong Thai: +971 4 414 3000
  • Recreation and Leisure: The Dubai Canal provides opportunities for jogging, cycling, and waterfront activities. Several parks and fitness centers are also available.
    • Key Spots:
      • Fitness First Business Bay: +971 4 425 9981
      • Barry’s Bootcamp: +971 4 874 8476
      • XFit Town Centre: +971 4 321 0970
  • Transportation: The district is well-connected by road, with easy access to Sheikh Zayed Road, Al Khail Road, and the Dubai Metro. The Business Bay Metro Station ensures convenient commuting.
  • Healthcare and Education: Several clinics, hospitals, and schools are located within or near Business Bay, catering to the needs of residents.
    • Key Facilities:
      • Aster Clinic Business Bay: +971 4 440 0500
      • Emirates Hospital Clinic: +971 4 380 6000
      • JSS Private School: +971 4 344 6419

Why Choose Business Bay?

  • Strategic Location: Centrally located, Business Bay offers easy access to key areas in Dubai, including Downtown Dubai and the Dubai International Financial Centre (DIFC).
  • Modern Infrastructure: The district features state-of-the-art infrastructure, with a mix of residential, commercial, and leisure developments.
  • Vibrant Community: A dynamic environment with a mix of professionals, families, and business travelers, ensuring a lively atmosphere.
  • Investment Potential: Business Bay is a growing commercial hub with strong demand for both office and residential properties, offering excellent investment opportunities.
  • Quality of Life: The combination of modern amenities, recreational facilities, and strategic location makes Business Bay an attractive place to live and work.

Are you looking for a property in Business Bay? Contact VIP Property's professional real estate consultants today!