Real estate in Business Bay

Business Bay is a commercial, residential, and business cluster adjacent to Downtown Dubai. It stretches over an area of about 6 square kilometers on both sides of the Dubai Water Canal, from the Ras Al Khor Wildlife Sanctuary to Sheikh Zayed Road.

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Real estate in Business Bay

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Business Bay is a commercial, residential, and business cluster adjacent to Downtown Dubai. It stretches over an area of about 6 square kilometers on both sides of the Dubai Water Canal, from the Ras Al Khor Wildlife Sanctuary to Sheikh Zayed Road.

Initially designed as a major business hub, several large office centers were built in the area, but after the 2008-2013 economic crisis, residential and commercial real estate became in high demand. Due to the high flow of tourists in Downtown Dubai and the high demand for short-term rentals, the total number of luxury hotels in Business Bay is already approaching the second dozen. The number of premium residential complexes with their own shopping areas, recreational infrastructure, and green areas is also increasing.

Real estate in the Business Bay area

The best houses and apartments from the developer in the UAE

Marquise Square

Marquise Square

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from $ 313 000
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Apartments

40 - 216 sq. m.

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One River Point

One River Point

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from $ 408 000
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Apartments, studios, duplexes, and penthouses

45 - 543 sq. m.

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Trillionaire Residences by Binghatti

Trillionaire Residences by Binghatti

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from $ 408 000
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Apartments, studios, commercial spaces

44 - 231 sq. m.

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Burj Binghatti Jacob & Co Residences

Burj Binghatti Jacob & Co Residences

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from $ 2 200 000
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Sky Villas, Sky Mansions, and Penthouses

from 185 sq.m.

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Peninsula Three

Peninsula Three

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from $ 311 000
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Апартаменты

38 - 98 m²

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Bugatti Residences by Binghatti

Bugatti Residences by Binghatti

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from $ 5 200 000
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Apartments, penthouses

1 080 - 3 362 sq.m.

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business center of Dubai

About the area

The general developer of Business Bay is the state-owned company Dubai Properties, owned by the ruler of Dubai. The developer plans to implement the ambitious Marasi Business Bay project, which will become a new attraction of the district and the entire city. The project envisages the creation of a grand yacht club with a berth for 1,200 places and a pier of 16,000 sq.m with a water station. It is also planned to create trading areas for hundreds of shops and restaurants and a public park of 60 thousand sq.m with various places for recreation and entertainment.

Currently, a business lifestyle predominates in the area, with few parks and large entertainment locations, and the Dubai Water Canal promenade is not yet fully developed. This is largely due to the ongoing construction, as less than a hundred of the planned two hundred buildings have been constructed.

Infrastructure

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Business Bay has a well-developed network of 4-lane internal roads that lead to Sheikh Zayed Road and Al Khail Road - the two main highways that run throughout Dubai. The western boundaries of the district are adjacent to the red line of the metro, and Business Bay station provides access to both ends of the city. Several bus routes run along the main roads of the area, and stops for public water transport and private boat docks are built along the canal. The canal provides access to the Dubai Creek, Jumeirah and Al Wasl areas.

There are about half a dozen preschool institutions in Business Bay, such as Learning Tree Nursery, Canadian Kids Nursery, and First Path Montessori. And outside the district, there are at least a dozen schools that can be reached within 10 minutes. In particular, Horizon English School Dubai offers a British education program, Clarion School offers an American one, and Global Indian International School Dubai teaches children according to the Indian system.

Emirates Hospital Clinic operates in the Bay Avenue shopping center, while the nearest hospitals, Medcare Hospital Al Safa and Zabeel Health Center, are a 10-minute drive away.

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Entertainment

The main location for leisure in Business Bay can be considered the Bay Avenue shopping gallery in the Executive Towers area. Here are more than 40 restaurants, half a hundred shops, and two fitness centers, and nearby there is a well-groomed park area with a playground and a skate park.

In Al Habtoor City, you can watch the world-class water show La Perle by Franco Dragone, enjoy playing tennis on first-class air-conditioned courts, and relax in the clubs and restaurants of three five-star hotels.

  • Bay Avenue - 64 retail outlets, cafes and restaurants
  • the world-class water show La Perle by Franco Dragone
  • The Pad is the most technologically advanced building in the world
  • Souk Al Bahar shopping center
  • Dubai Mall
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The Bay Square complex has beautiful pedestrian areas with pools and fountains, and there are several dozen shops and restaurants here. Entertainment can also be found in numerous luxury hotels located throughout the area, especially along the already built-up and landscaped sections of the embankment.

Proximity to Downtown Dubai expands the possibilities for active leisure of Business Bay residents. From any point in the district, it takes no more than 10 minutes to get to one of the largest shopping centers in the world - Dubai Mall. There are two large department stores, over a thousand shops, more than two hundred restaurants, a huge aquarium, an ice rink, a cinema, karting, a virtual reality park, a sports town and a children's entertainment center.

Nearby is the Souk Al Bahar shopping center, designed in an Arab style and accommodating about a hundred shops and several dozen restaurants. At the foot of the legendary Burj Khalifa skyscraper, there is a famous musical fountain with daily shows, a park where various mass events are regularly held, and a large artificial lake where you can ride boats.

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luxury neighborhood of Dubai

Economic Attractiveness

The Business Bay area attracts investors' attention because the real estate here is cheaper than in Downtown Dubai, with almost the same high quality of life. Premium residential properties are being built in Business Bay, and high transport accessibility and convenient location allow for quick access not only to Downtown Dubai but also to other popular destinations: 15 minutes to DIFC and Jumeirah beaches, and 20-30 minutes to Dubai International Airport, Palm Jumeirah, Burj Al Arab, and Dubai Marina.

That's why tourists who come to see Dubai's attractions, businessmen heading to the city's business and exhibition centers, as well as local and foreign professionals who want to live near their workplace often choose housing in Business Bay.

This creates demand for both short-term and long-term rentals, and the ROI for apartments with 1-2 bedrooms reaches 5.7%. Studios show the highest ROI at 6.7%, which confirms the demand for real estate in Business Bay for young entrepreneurs and office workers. Further development of the district's infrastructure will only increase demand and prices, making it even more attractive from an investment standpoint.

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Marina Mikhalenko

Senior Property Consultant – Metropolitan Premium Properties

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36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
Metropolitan Expert
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Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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Marina Mikhalenko

Chief Real Estate Investment Expert at Metropolitan Premium Properties

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36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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