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Buy: AED700K - AED750M
Learn more about the Business Bay apartment market through trends and average prices.
The median sales price for a apartment in Business Bay is approximately AED1,990,000
The median price per square feet in Business Bay is AED2,450
The Business Bay area currently has 4,114 apartments for sale
Business Bay was developed in 2005 as a modern commercial area. The total building area is 46,900,000 square feet (4,360,000 m2), with a maximum leasable area of 78,500,000 square feet (7,290,000 m2). The total population is expected to exceed 300,000, with a projected population of more than 191,000 for the overall growth and 110,000 for employers and others. Business development will occupy 2,653,244 square feet (246,494.4 m2), accounting for 18.5 percent of overall growth; mixed-use development will occupy 8,520,368 square feet (59.4 percent); and residential development will occupy 3,163,628 square feet (293,910.7 m2) (22.1 percent). On Business Bay, AED 110 billion (US$30 billion) will be spent.
It was intended to be Dubai's main industrial area at first, but it has gradually expanded as a business-bay. Business Bay real estate includes opulent residences, resorts, and opulent villas and Apartments. One of the benefits is that it is connected to the Dubai water canal; it has an admirable colorful mechanical waterfall sight and cycling tracks. It has a cosmopolitan, fast-paced vibe that draws young and professional people. Though young couples and singles will enjoy the area's convenient location and high-rise buildings, families with children should keep playgrounds, parks, jogging and biking trails, and rush-hour traffic in mind. Business Bay Apartments are spacious and well-lit, with sizes ranging from studios to one-, two-, and three-bedroom apartments. The most prominent apartment communities in Business Bay are Executive Tower J, DAMAC Towers, Capital Bay Towers, Merano Tower, Ontario Tower and 8 Boulevard Walk. A Business Bay apartment can be purchased for as little as AED 9,000,000. There are Apartments for sale in the surrounding area as well.
Business Bay is located south of downtown Dubai, near the Dubai Mall, the Burj Khalifa, and the Old Town neighborhoods, with Al Wasl to the west. And Dubai Marina is just a 20-minute drive away. Business Bay is part of His Highness Sheikh Mohammed Bin Rashed Al Maktoum's vision as Vice President of the UAE, Prime Minister, Minister of Defense, and Ruler of Dubai. According to Dubai Land Department statistics, Business Bay is the second most popular investment destination, trailing only Dubai Marina. There are convenient connections to major roads or to major locations such as Jumeirah or Umm Suqeim, which provide a wide range of facilities such as hospitals, malls, beaches, restaurants, hotels, running routes, and parks.Business Bay has excellent transportation connections; it is connected to the Red Line of the Dubai Metro via the Burj Khalifa, Dubai Mall Station, and Business Bay Station, as well as providing 24-hour Cab services.
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