Business Bay is a central business hub in Dubai catering to various companies and big organisations. The mixed-use community is intriguing for single professionals and working couples as one can conveniently find a good abode near their office. On the whole, the real estate market of Dubai has seen growth over the last decade and the apartments in Business Bay are a real deal for investors.
Currently, Business Bay is not just a commercial hub; it is a blend of corporate activity, luxury living, and a tourist destination as well. This mixture has increased the demand for apartments for sale in Business Bay as people tend to settle in a home only a few minutes away from their working place. High-end living, good demand, and high ROI combined make Business Bay a top spot both for foreign and local investors. This area holds Dubai's present and future. An investment here would mean a manifold return in a few years.
Living in Business Bay is a life of convenience mixed with luxury. The community does not have as many attractions as Downtown Dubai, and that is because it was initially designed as a commercial hub, but it comes on par when it comes to upscale living and luxury. There are wonderful hotels, including The Taj and the tallest hotel JW Marriot Marquis. Dubai's Canal goes through Busines Bay, serving a beautiful morning view to the residents in the waterfront buildings. This canal, along with Bay Avenue Park, is a major tourist destination and offers many fun activities to do. Then there are huge supermarkets like Choithrams and West Zone. You do not have to go far for anything while living in Business Bay.
Spanning 64 million square feet, Business Bay has around 240 buildings where you can find residential units to purchase. It is a mixed-purpose community, so a building can have both offices and residential units, making it attractive for professionals and a good location for investors to pool their money.
Zoom Property has over 1,000 listings for apartments for sale in Business Bay. The price for a studio flat starts at 600,000 AED in a low-rise building and can go up to 1,500,000 AED with luxury and better facilities. Next, a 1-bed apartment and 2-bed apartment in Business cost 700,000 AED and 1,100,000 AED on average, while the average cost of a 3-bed flat in Business Bay is 2,010,000 AED.
Is Business Bay a good place to live in?
Business Bay is a perfect spot for people who want a luxurious lifestyle and remain connected with the rest of Dubai. It is highly popular among young professionals and couples.
Is buying an apartment in Business Bay a good investment?
The central location of Business Bay, along with its modern amenities, high-quality buildings and luxurious lifestyle, makes it a wise investment to purchase any property in Business Bay.
Can expats purchase apartments selling in Business Bay?
Yes, Business Bay has designated freehold areas where foreigners can buy properties, including residential and commercial units.
What is the rent-to-own option in Dubai?
This contract is exactly as it sounds. Instead of paying rent monthly, you pay the agreed amount to the developer each month, which leads to eventually owning the property. To avail of this scheme, a down payment is required – not compulsory, but it's there mostly.