Business Bay is a trendy mixed-use district located in Dubai. Set alongside the gleaming waters of the Dubai Canal, it neighbors Dubai’s most popular centre, Downtown Dubai. It is Dubai’s bustling hub for business and commerce. It is inspired by iconic global business centers, such as Manhattan and Ginza. The area has seen significant development since 2003. In recognition of its appeal, Business Bay was even featured in Lonely Planet’s list of top-five most captivating destinations to visit in 2017.
Business Bay is a vibrant and diverse district that offers a wide range of amenities and opportunities for both residents and businesses. It has an impressive collection of high-rise buildings and a diverse mix of residential, commercial, and leisure options, and has established itself as a key hub for economic and social activities in Dubai. With the ongoing construction works and the planned addition of even more skyscrapers, Business Bay is set to continue its growth and development as a premier destination for living, working, and entertainment.
Business Bay is a predominantly residential area with a plethora of high-rise apartments offering various amenities. Prices for studios start at AED 410,000 (USD 112,000), while one-bedroom apartments start from AED 570,000 (USD 155,000). Rental rates range from AED 28,000 (USD 7,700) per year for a studio to AED 38,000 (USD 10,500) for a one-bedroom apartment.
Properties in Business Bay offer investors a unique opportunity to purchase hotel apartments which can be used as personal residences or rented out to tourists. The Vogue is one such development that offers serviced apartments for sale starting at AED 450,000 (USD 122,500), providing maximum luxury and convenience for potential buyers.
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Business Bay’s strategic location next to Downtown Dubai and in close proximity to areas like Al Quoz, DIFC, Al Safa, Jumeirah, and Sheikh Zayed Road makes it an ideal choice for professionals looking to rent or buy property. Its central position in the city allows for convenient access to both commercial and residential areas, catering to the diverse needs of its residents.
📍Downtown Dubai – 11-minute drive
📍Sheikh Zayed Road – 18-minute drive
📍City Walk and Jumeirah – 10-minute drive
📍Dubai International Airport – 15-minute drive
📍Dubai Marina – 20-minute drive by car
📍Palm Jumeirah – 21-minute drive away