One of the most influential areas in Dubai, Business Bay is making rapid progress to attain the status of the central business hub of the city. It’s not only the business opportunities one gets here that’s getting this area global recognition, but a fast-paced lifestyle laced with world-class amenities is also another reason why it is becoming one of the most sought after areas in Dubai.
A mixed-use neighbourhood set amidst the stunning Dubai Canal, Business Bay is home to sky-touching buildings. It has also grabbed eyeballs from globally renowned investment companies for its trendiest upcoming developments. Neighbouring Downtown Dubai, it offers easy access to major parts of the city. World’s tallest building ‘Burj Khalifa’ is also located nearby. People owning a living space can enjoy spell bounding views of the incredible skyline of Dubai and gleaming waters of Dubai canal. The sunset view, in particular, is unparalleled from ultra-luxury apartments nestled in residential projects in Business Bay.
For residents, Business Bay offers an upscale cosmopolitan lifestyle with ultra-exclusive amenities and facilities. There are abundant opportunities for those who are looking for residential properties for sale in Business Bay Area. From 1-Bedroom studio apartments to 5-bedroom penthouses and villas, you can find all types of residential living spaces that meet your requirements. Business Bay area also has furnished, unfurnished, and non-furnished residences.
Opportunities to buy off-plan properties are also available for those who don’t want to shift immediately.
Popular Projects for Properties for Sale in Business Bay Area
If you want to buy properties in Business Bay Area, the first thing you need to do is to select the residential project or tower. As the area is home to many towers and projects, it can become an overwhelming feat to select the best out of the lot. You need to consider numerous factors such as your budget, type of property, price trend, etc. during the selection process. Also, check the amenities and facilities available there. If you plan to buy a property for investment purposes, don’t forget to analyse its future prospects. You can take the help of experts in this regard.
Based on the factors discussed above, some popular projects among buyers and investors in Business Bay Area are:
Damac Tower by Paramount Hotel & Resorts
Capital Bay Towers
The Executive Bay
Al Habtoor City
Price Trends for Properties in Business Bay
When it comes to buying a residential property, a factor that holds utmost importance is managing funds. For this, one has to know about the price trends of the area where the property is located. Hence, it is vital for you to know about property rates and the upcoming trends in the Business Bay Area before planning to buy a property here. Whether you want to buy a penthouse, villa or apartment here, it is important to follow this advice.
A major factor that affects the price of properties in Business Bay is the project it is part of. As stated above, the area features numerous sky-touching buildings; each one is known to provide its residents with unparalleled amenities. However, they differ in terms of property rates. Therefore, it is important to do complete research on these towers and their rates. Also, the type of property you want to buy is another factor that is going to have an impact on the final price you will pay. Keep in mind that penthouses and villas are more expensive as compared to studio apartments as they are bigger and more spacious.
Steps to Buy a Residential Property in Business Bay Area
Have a look at major steps you will have to follow if you want to buy a property in Business Bay Area:
Decide the Type of Property
To begin with, you need to be clear about the type of property you want to own. If you have a small family, you can look for apartment for sale offers in the Business Bay Area. You can also check villas and penthouses if your budget permits.
The next step is to visit Zoom Property’s portal and explore available listings for your selected type of property in Business Bay Area. You can apply filters to get customised results. Shortlist the properties that fall in your budget bracket and suit your requirements.
Take a Virtual Tours of The Short-Listed Properties
Generally, the next step here is to visit the short-listed properties individually but thanks to the latest technology, now you can inspect them virtually. Take virtual tours of the short-listed properties and sort the ones that you feel are suitable for you.
Visit the Short-Listed Properties
Now it’s time to visit each property you have shortlisted physically. Pay attention to every major and minor detail during your visits. Take a real estate expert with you for better evaluation.
Look for the Amenities & Facilities
Make sure the amenities and facilities promised by the developer are there in the selected property. Also, ask the developer/real estate agent about specific rules that the residents are bound to follow.
Finalise the Deal
The last step is to finalise the deal and reserve the property on your name. To do this, talk to the developer and sign the necessary documents after thoroughly reading them. Pay the security deposit and the property will be reserved on your name. You need to have your valid Emirates ID, visa residence, and passport with you at this stage.