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Apartments for sale in Business Bay
Business Bay is a district offering luxury property in Dubai. Its development started in the early 2000s to meet the needs of businesses and investors. It is located between Downtown Dubai and Jumeirah, two famous communities, and covers over 7 million sq. m. It was originally planned as the largest business district in the United Arab Emirates. And now it boasts a stunning skyline with numerous skyscrapers. In addition to office buildings, Business Bay is also building infrastructure for premium apartments, hotels, restaurants, shops, clinics, and entertainment facilities. The area is focused on efficient utilization of water resources and features the Dubai Water Canal, which connects Sheikh Zayed Road to Dubai Creek through Al Wasl and Jumeirah 2.
In recent years, Business Bay has become a highly desirable location for real estate investment in Dubai. It offers a wide range of flats and apartments, making it attractive to business people, tourists, and investors.
Business Bay is home to several well-known housing developments, including:
- The Executive Towers, which consists of 11 high-rise buildings with apartments of different sizes.
- DAMAC Maison Cour Jardin, a lavish complex with 1- to 3-bedroom apartments and premium infrastructure.
- Ontario Tower, which boasts office spaces, shops, restaurants, studios, and apartments with 1 to 3 bedrooms.
- Marquise Square, which features apartments and additional facilities: such as a fitness center, spa, rooftop swimming pool, and cafe.
These are just a few examples of the well-known projects in Business Bay. The local real estate market is expanding and providing even more options for buyers.
Prices
Apartments prices in Business Bay depend on several factors, including such key points like the area, view, level of finishing, and building location. The cost of renting studios can range from AED 44,000 to AED 160,000 per year. Renting a 1-bedroom apartment may cost between AED 59,000 and AED 235,000. Apartments in Dubai with 2 bedrooms are available for rent from AED 80,000 to AED 435,000. More spacious 3-bedroom apartments range from AED 160,000 to AED 300,000. There are plenty of available villas in Dubai, with a 3-bedroom property renting for AED 235,000 per year.
When buying a studio, prices start at AED 1.05 million. You can buy flat in Business Bay with 1 bedroom for AED 650,000 to AED 5.33 million. 2-bedroom apartments start at AED 850,000. Prices for 3-bedroom apartments start at AED 1.38 million. The minimum cost of 4-bedroom apartments is AED 2.85 million.
Studios have the highest return on investment (ROI) – 6.7%. This is followed by 1-bedroom apartments with 5.6% ROI. Apartments with 2 bedrooms have the return rate of 5.5%. 3-bedroom apartments show the ROI of 4.8%, while residences with 4 bedrooms have 3.1% ROI.
Apartments in Business Bay for investments
To invest in real estate in Business Bay is both reasonable and justified. The high demand for rentals ensures consistent and profitable returns.
The apartments in Business Bay are constructed using high-quality materials and often come furnished with designer furniture. They also have spacious layouts. Many of these units offer breathtaking panoramic views of the Dubai Water Canal, the city's skyscrapers, and the surrounding picturesque area. Majority of local housing estates is equipped with modern amenities such as gyms, swimming pools, spas, playgrounds for children, parking spaces, and 24/7 security. Dwellings in Business Bay provide a high level of services, including concierge, cleaning, and maintenance services.
Business Bay is situated right in the center of the emirate and boasts excellent transportation links and a well-developed infrastructure. The community attracts a large number of businessmen due to its prime location and thriving commercial activity. It is constantly evolving with new real estate projects being launched regularly. Developers offer various options, including apartments, offices, and commercial spaces. The area also has numerous attractions and interesting places to visit. For instance, the world's highest building, the Burj Khalifa, is in Business Bay. In addition, Dubai Opera, a popular venue for concerts, theatrical and opera performances, is located here. There are also parks like Safa Park and Bay Avenue Park, where one can enjoy nature and have a peaceful holiday.
It is profitable to buy an apartment in Business Bay
Real estate in Business Bay is situated in the heart of Dubai, close to business, shopping, and entertainment zones. The community has convenient access to popular attractions such as Dubai Mall, Jumeirah Beach, and Dubai Marina. It is a highly desirable place for those seeking luxurious accommodation in Downtown Dubai. Additionally, the district remains one of the most sought-after communities for purchasing affordable apartments year after year.
If you are interested in buying a property with high liquidity, it is crucial to conduct thorough research and analyze the current market situation. Learn more about housing prices, available offers, and emerging trends. Seeking the assistance of a professional is recommended in this regard. Feel free to contact our experts who can provide you with up-to-date information on available units and help you find great deals for your buck. Start house-hunting in Dubai today. We look forward to assisting you!