|Project Name||Developer Name||Completion||Min. Price||Price/sq.ft|
|REVA Heights||Damac Properties||Coming Soon||801,000||1690|
|Millennium Binghatti Residences||Binghatti Developers||Q4 2019||732,000||1548|
|Symphony||Gemini Property Developers||Q2 2020||-||-|
|I Love Florence Tower||Dar Al-Arkan||Q2 2021||1,174,252||1549|
|Reva Residences||Damac Properties||Q1 2021||801,000||1690|
|Vera Residences||Damac Properties||Q4 2020||613,000||1782|
|Riverside at Marasi Business Bay||Dubai Properties||Q2 2021||1,042,000||1351|
|Elite Business Bay||Triplanet Range Group||Q1 2020||625,000||-|
|Marasi Business Bay Water Homes||Dubai Properties||Q3 2020||-||-|
|Bayz by Danube||Danube Properties||Q4 2019||702,780||1703|
|MAG 318||MAG Property Development||Q1 2020||818,276||1896|
|The Court Tower||Tanmiyat Global Real Estate||Ready To Move||754,940||1455|
|Fifty One by Deyaar||Deyaar Properties||Ready To Move||1,413,004||1220|
|The Atria by Deyaar||Deyaar Properties||Q1 2018||1,694,493||2533|
|The Sterling||Omniyat||Q1 2019||1,903,505||2000|
|The Pad Apartments||Omniyat||Q3 2018||1,698,759||2599|
|The Opus Commercial Tower||Omniyat||Ready To Move||5,200,527||2025|
|Langham Place Luxury Apartments & Hotels||Omniyat||Q1 2021||973,064||2465|
|DAMAC Maison Bay’s Edge||Damac Properties||Ready To Move||4,615,000||2042|
|Avanti Tower||Damac Properties||Q3 2018||1,502,000||1684|
|DAMAC Towers By Paramount Hotels & Resorts||Damac Properties||Q3 2018||2,354,000||2229|
|Majestine by DAMAC Maison||Damac Properties||Ready To Move||1,547,000||1760|
|AG Tower Business Bay||Time Properties||Q4 2018||1,062,555||1207|
|Merano Tower||Damac Properties||Q1 2020||1,037,000||1631|
|Prive by Damac||Damac Properties||Q4 2018||1,981,000||2175|
Business Bay is well-known as the commercial hub of Dubai as it plays a very significant role in making the United Arab Emirates, a major business and trading destination. The projects within the development feature numerous skyscrapers, located in an area where the Dubai Creek will be dredged and extended. Business Bay, Dubai currently has an upwards of a total of 240 buildings, comprising of various commercial and residential developments. Business Bay is on its way to be marked as the region’s business capital as well as a freehold city. The properties in Business Bay are at the forefront of great architecture, a majestic landscape garden and enormous shopping malls that offer many facilities to the residents and even to the people staying there or operating their businesses within the vicinity. The residents and guests are promised to enjoy great connectivity from the place to almost every significant and central location of the city as it is located in one of the busiest roads of Dubai, the Sheikh Zayed Road. It has good underground train connectivity with taxis readily available at all times. The residences for sale in Business Bay have all the necessary facilities and amenities like swimming pool, gym, steam and sauna. In addition, the business and the commercial apartments also have some facilities like conference rooms and cafeteria.
Business Bay is located at the Dubai Creek, just next to Downtown Dubai which stretches along Ras Al Khor to Sheikh Zayed Road. The strategic location of the towers makes it an ideal area for international firms and finance companies in Dubai, as well as international hotels along Sheikh Zayed Road.
In these past few years, commercial places like the Dubai Internet City, Dubai Media City, Dubai International Financial Center and others have seen enormous determination initiatives. And as the United Arab Emirates extends its international role as one of the biggest business centers in the world, Business Bay is considered the foundation of the new economic. The United Arab Emirates is ready to play as one of the leading international commercial and business center that will reflect the determination and hard work and Business Bay stands as its concrete representation.
Like the business centers of Manhattan in New York and Ginza district of Tokyo, Business Bay in Dubai have the same business nature. Business Bay is strategically located within different business entities for more opportunities not just for investors but also for employment in and around Dubai. One of the most important entities in Business Bay is the legendary Dubai Creek. Dubai Creek is considered the most important aspect of Dubai’s trading in the past, and because of this effective trading practice using the creek, it has shaped Dubai from a fishing and pearl diving center to international port. Because of the prosperous trading that happen on the very same creek, it has been extended considering its significance as a trade center that havens the stance of Dubai as one of the Emirates’ business hub of the region. Today, Business Bay stands as the symbol of Dubai’s ever-evolving progress as it embodies the crucial role the Creek played in Dubai’s past as well in the future.
Business Bay is an AED 2-billion project with five phases. The construction of the community of Business Bay first began in October 2013 with phases one and two. The project began with a 16-lane flyover on Sheikh Zayed Road with the construction of two minor flyovers and a multi-phase intersection of Al Wasl and Jumeirah Roads. These road networks are designed eight meters high and stretches up to 800 meters, permitting the canal to flow freely in under it. These three flyovers were opened in the early stages of the project.
The third phase of the project includes the construction of pedestrian bridges, with kiosks and stalls on the sides of the development. Business Bay stretches 3.2 kilometers to the Gulf, with its canal’s width ranging from 80 to 120 meters, with a depth of 6 meters. The phase four of Business Bay will be featuring property developments while its phase five will feature the treatment of the hypersaline water of Business Bay lakes. This process also involves the removal of sand barriers in the canal’s course.
Aside from the ongoing property construction, there is also ongoing work for the building of a man-made crescent-shaped island along the Jumeirah Park, which will encourage outdoor and more recreational activities. The canal development work will include the filling of an island to the seaside and building a marine barrier around the island for the development of future beaches and marinas, with yachts and other marine transport means can freely travel along from Deira and Bur Dubai to Jumeirah.
The Roads and Transport Authority (RTA) also said that there will be a construction of 12 marine stations, with five of them to be situated on the Dubai Canal, while the others will be on the Business Bay canal. It can be expected that in the coming years, marine transit will proliferate the emirate, expecting more than six million passengers to ride these water vehicles plying through the canal and of the coast of the man-made islands.
Business Bay is considered as one of the fastest growing areas in Dubai, with a rate of 5 to 7 percent per annum. A large number of local and international companies & enterprises always have chosen Business Bay as one of the areas to put up their businesses. This increase in demand by large-scale investors make the area a profitable place to invest in, making constructions in the area growing at a rapid pace. The area will be featuring wide roads which add to the overall appeal of the area and has turned into a popular community in the international business community.
Being in close proximity to Downtown Dubai, properties for sale in Business are planted on a highly desirable area which is close to any part of the emirate. Previous records have shown that the gross investment yield for Business Bay is at 5.84 percent, with new supply entering the market expected to enter in the coming years. With continuous development of unique properties like water homes, as well as amenities like a marina promenade, shops and restaurants.