Business Bay Dubai is one of the most sought-after commercial as well as residential area in Dubai attracting investors, buyers, and those who want to own a commercial place in Dubai from across the globe. The community has established itself as a top-notch destination for investment in all segments.
The area is popularly known for its architectural marvels, iconic skyline that goes beyond imagination, close vicinity to Downtown Dubai and major business hubs that ensures high returns and global attraction. Listed below are some of the top reasons why investing in Business Bay Dubai is a profitable choice.
- Strategic Location near Downtown Dubai
Purchasing or investing in a property near Downtown Dubai is like the icing on the cake. The close proximity of Business Bay from Downtown offers a great opportunity for both homeowners and investors. Downtown Dubai on its own attracts large number of visitors from across the globe as it is home to the famous Burj Khalifa and Dubai Mall.
When it comes to its residential facilities, Business Bay in Dubai offers clos vicinity from major luxurious restaurants, shopping, and top-notch entertainment hubs. From investors prospectives, the community ensures consistent high rental yields, and ROI.
- Hub for Professionals
As the name suggests, Business Bay is one of the most popular districts in Dubai that focuses and sims to fulfill every need of working professionals. Its close proximity to several commercial centres attracts working professionals from Dubai and also from other parts of major countries. Commercial hubs like Business Bay Dubai, Dubai Healthcare City, the Dubai International Financial Centre (DIFC), and the Dubai World Trade Centre experience large number of footfalls every day.
Further, Dubai 2040 Urban Master Plan aims to promote and enhance the importance of DIFC and Business Bay as Dubai’s economic epicenters. The area is home to several multinational companies, high-rise offices, and high-end residential spaces. Professionals find it comfortable to live in this area as their workplaces are often closer than expected. To enhance the level of lifestyle residents can also enjoy luxury dining, cafes, gyms, and retail options that ensure a comfortable lifestyle.
- Area that Speaks a lot About the History of the CityÂ
Though Business Bay is situated in one of the most modernized parts of Dubai, still the area has a lot to offer about the historical facts of the city. Bur Dubai and Deira which is situated across Dubai Creek is the traditional heart of Dubai that tells a lot about the rich cultural and historical attractions of Dubai enticing tourists and residents to explore Dubai. Several traditional Emirati restaurants also creates an appealing feeling for visitors to satisfy their craving. Visitors can also explore the natural reserve at Ras Al Khor Wildlife Sanctuary, situated at a mere distance of 10-minute driving distance from the busy city life.
The commercial hub of Business Bay is also situated near the Al Fahidi, which provides deep insight into Dubai’s rich past. Visitors can also explore gold and spice souk to find out what actually make spices a must-have ingredient in every food and why it is important to add spice in your life.
- Off-Plan Projects in Business Bay Dubai
Business Bay is expanding everyday with innovative off-plan developments, justifying its status of one of the most sought-after hotspots for investors and buyers. Two most outstanding projects in this area include:
- Bayz 102 by Danube: This architectural marvel by Danube is a 102-floor high masterpiece depicts the dedication and quest for innovation that actually defines Dubai. Danube Properties is continuously striving hard to offer top-notch high-quality designs and amenities that caters to the luxurious need of residents and investors.
- Binghatti Skyrise: An iconic development that features three towers connected by a shared podium. This off-plan project offers studio to 3-bedroom apartments, presenting a perfect blend of luxury living with modern architecture, making it one of the most anticipated projects in Business Bay Dubai
- A Mixed-Use Community in Dubai
Business Bay is a mixed-use community that caters to both the sections of society, residential and commercial. More than being just a prime location with waterfront views-it’s a complete package that is enough to satisfy and fulfill your family goals. From small families to young professionals, visitors, to residents choose this community as several attractions in and around this area such as the famous Jebel Ali Temple, situated at a driving distance of 24minutes attracts large number of global visitors and residents every year. Due to its close vicinity from famous and notable landmarks everyone prefer this area that allows them to stay easily connected to their workplace and family. Business Bay is in close proximity to Downtown Dubai as well as help to enjoy their leisure time at one of the most popular malls, called the Dubai Mall and the Dubai Water Canal.
World renowned luxury hotels such as The St. Regis and the JW Marriott Marquis Hotel Dubai, reflects the area’s dedication towards providing one of its kind experiences. Top eateries include as ROKA, Katsuya, Prime68, and BASTA!.
Conclusion
Investment in Business Bay Dubaioffers a perfect opportunity for both professionals and residents. From short-term rental buildings to apartments that promises a higher rental yields, Business Bay has everything in store for everyone. Whether you are looking for peaceful environment or a family-secured environment that has everything related to your family needs, there is no better and luxurious area other than Business Bay, at least as of now. Make sure to consult a real-estate expert before investing in this area and gather appropriate information about the property, its ROI, capital appreciation, and date of completion (in case you are opting for a off-plan project).
Frequently Asked Questions
- Is Business Bay Dubai a good investment opportunity?
Business Bay is among one of the hottest areas for property investment in Dubai. Several residential buildings also provide ample number of opportunities for families with kids along with top-notch amenities and luxurious facilities.
- Is Business Bay a freezone in Dubai?
Yes, Business Bay is a popular freehold community in Dubai helping people establish their business in freehold property in Dubai.
- What is the growth rate of property prices in this area?
Business Bay has seen a significant rise in past 5 years with an average increment of 25%, further experts also predict a future growth of 5-7% per year in the upcoming years.
