Business Bay is becoming the busiest place to buy real estate in Dubai, the cost of which has increased by 17% in 2 years

Business Bay is becoming the busiest place to buy real estate in Dubai, the cost of which has increased by 17% in 2 years

The towers in Business Bay demonstrate some of the highest growth rates in the Dubai real estate market, as middle-income investors buy «affordable» apartments there. Most of the increase in value occurred in the first half of 2022. According to some estimates, apartment sales here have increased by 17% in two years compared to 25-30% in Dubai Marina. The growth in the cost of housing in Dubai is not limited to areas such as Palm Jumeirah, Dubai Marina, Dubai Hills and other elite areas.

 

Business Bay is no longer just apartments worth from 1 to 3 million dirhams. Nowadays, prices in the super-premium segment in the center of Dubai and its environs reach from 10 to 20 million dollars, «which five years ago would have been considered outlandish» and «gives Business Bay a privileged position as a developing first-class place in Dubai». 

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