Business Bay

Business Bay
Area description

Business Bay is one of the most fashionable residential and business centers in Dubai. It is located in the sparkling waters of the Dubai Canal.
Business Bay achieved the goal set by its developers to become the central business center of Dubai, much like Manhattan in New York.

Min. sale price
Studio498 888 AED
1-bed apartment599 999 AED
2-bed apartment801 000 AED
Villa7 000 000 AED
Avg. sale price
Studio989 993 AED
1-bed apartment1 471 659 AED
2-bed apartment2 878 794 AED
Villa7 000 000 AED
Min. rental price
Studio3 250 AED
1-bed apartment3 333 AED
2-bed apartment5 833 AED
Avg. rental price
Studio6 572 AED
1-bed apartment9 632 AED
2-bed apartment10 496 AED
Properties in the areaApartment, office, penthouse
Advantages
  • ROI from
    3,9%
  • The area of the district is:
    79975854 sq ft
  • Prestigious neighborhood
  • Technological building (IT technologies)
FAQ
Where is Business Bay?

Business Bay is a central area meaning that:

  • Dubai central can be reached by car in 10 minutes;
  • Sheikh Zayed Road is an 18-minute drive away;
  • Shopping and entertainment in City Walk and the Jumeirah district are close by;
  • It is a 15-minute drive from the divide and Dubai International Airport.

Business Bay is also notable as it is close to the famous landmarks, Burj Khalifa, Dubai Fountains and Dubai Aquarium.

What residential projects and communities are in Business Bay?

The choice of residential development projects is huge in Business Bay. Executive Towers, Merano Towers, Capital Bay and Ontario can be found here. These buildings are popular among people who buy housing in residential projects in Dubai.

Executive Towers is one of the most popular in the area.

Merano Tower is a 29-story building designed by the developer, DAMAC Properties. The skyscraper has studio apartments as well as apartments with 1, 2 and 3 bedrooms.

Other popular buildings for rent and sale are DAMAC Maison Majestine, DAMAC Maison Cour Jardin and Mayfair Tower.

Average real estate prices in Business Bay

Buying real estate in Dubai like apartments in Business Bay is becoming increasingly popular. Studio prices start at AED 418,000 and go up to AED 1,480,000. The price of a 1-bedroom apartment ranges from AED 550,000 to AED 2,800,00. Buying a 2-bedroom apartment costs at least AED 850,000. The price of 3-bedroom apartments starts from AED 1,300,000 and reaches AED 19,800,000.

There are also several penthouses for sale in Business Bay ranging from 2 to 5 bedrooms. The price varies from AED 2,400,000 to AED 72,800,000. This depends on the square footage and location. You can buy a 2-bedroom penthouse for AED 16,600,000. A 3-room penthouse will cost anywhere from AED 2,800,000 to AED 17,100,000.

The price for a multi-room penthouse can reach up to AED 70,000,000.

Average real estate rental prices in Business Bay

According to analytical data from Byut portal, Business Bay is one of the most popular areas for buyers and investors who are looking for affordable apartments in Dubai to rent.

There are many options for those who want to rent an apartment in Business Bay. The residential towers here offer apartments with various amenities for tenants such as well-equipped gyms, swimming pools, children's playgrounds, etc.

The rent for studios in Business Bay ranges from AED 28,000 to AED 200,000. You can rent a 1-room apartment at AED 35,000 per year. A 1-bedroom apartment for rent will cost about AED 87,000.

The average cost for a 3-room apartment in this area is AED 120,000, while 4-room apartments can be rented for about AED 190,000.

Hotel apartments in Business Bay can also be rented for extended periods. This is available from studios to 3-bedroom apartments. The annual rent for hotel apartments in Business Bay goes from AED 37,000 to AED 288,000.

The annual rent for penthouses in Business Bay starts from AED 200,000 and reaches AED 1,300,000.

You can also rent a villa in Business Bay. The average cost of renting a house with 4 bedrooms will be AED 247,000 per year.

Where to go shopping in Business Bay?

Shopping is a main source of entertainment and sphere of life in Dubai; Business Bay is no exception. The Dubai Mall impresses with its fashion brands while Bay Avenue is a confident competitor, as it offers an impressive selection of various shops, restaurants and spas.

Which schools and kindergartens to choose in Business Bay?

Parents with younger children can choose one of the following preschools:

  • Hummingbird Kindergarten;
  • Maple Bear;
  • Blossom;
  • Canadian Kindergarten in Churchill Towers.

As for primary and higher secondary schools, there is the Jumeirah English Language School and Safa British School in Al Safa.

Dubai International School Al Quoz follows the American program and teaches students up to year 12. Iranian Towheed School for Boys is located on Al Meydan Street.

GEMS School is located near the Manama hypermarket. The GIIS Indian International School is located near the Al Manar Islamic Center.

What clinics and hospitals are in Business Bay?

One of the best hospitals in Business Bay is the Emirates Hospital Clinic on Bay Avenue. It is famous for its excellent diagnostics and professional specialists.

What transport is available in Business Bay?

There are numerous taxis and buses in Business Bay. Moving around the area is not a problem at all but public transport can be useful to also get to other areas. There is also a metro station in Business Bay.

There are other underground stations nearby such as the Burj Khalifa, Dubai Underground Station and Financial Center.

Which hotels are best?

The following hotels offer luxury and are close to many tourist attractions in the center of Dubai. The best hotels are:

  • Steigenberger;
  • JW Marriott Marquis;
  • Taj Dubai;
  • Oberoi.

Steigenberger is one of the most popular hotels in the area. This is a 5-star hotel on Al Abraj Street. The 19-story hotel has many restaurants. Backyard, a space to enjoy the nightlife, is one of the best bars in the entire business area.

JW Marriott Marquis is known as the second-highest hotel in the world and is one of the best 5-star hotels in Dubai. The hotel has 2 towers that are visible across Business Bay. It offers a large 80,000 sq. m. celebration hall, an outdoor pool, a spa and 14 restaurants.

Taj Dubai is on the outskirts of Business Bay. It is a short walk from the Business Bay Underground Station. The hotel also has deluxe rooms, a spa, outdoor pools and other amenities.

Oberoi offers a view of the Burj Khalifa from the balconies of its luxurious hotel rooms. The hotel also has an Ananta restaurant, one of the best restaurants offering fine Indian cuisine in Dubai.

Properties in Business Bay
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