Business Bay is one of the trendy residential and professional hubs, set amidst the gleaming waters of the Dubai Canal. It is neighbours with Dubai’s quintessential ‘it’ neighbourhood, Downtown Dubai. It is a sought-after destination for investors and was the 9th most popular area to buy apartments in Dubai according to the Bayut’s 2019 Dubai Real Estate Market Report. Business Bay is fast fulfilling its aim to become the central business hub of Dubai, much like Manhattan in NYC, providing an array of top-notch amenities and a fast-paced lifestyle. It is known to be a mixed use neighbourhood with residential and commercial areas.
Located south of Downtown Dubai, lies one of the most recognisable neighbourhoods in Dubai, Business Bay. True to its name, the area is home to several commercial buildings featuring high-profile offices, banks and shops. Extremely well connected, the lifestyle in Business Bay is ideal for professionals working in the area, Downtown Dubai and DIFC. The area also has some of the leading hotel chains from across the world including Oberoi, Taj and Marriott.
With a selection of beautiful apartments, hotel apartments and hotels, it has grown into a coveted address in the city eliciting an equal amount of interest from renters, buyers and tourists. The area is also closely located to the design destination, Dubai Design District and one of Dubai’s oldest hotspots, Jumeirah.
PROPERTIES IN BUSINESS BAY
Stretching over 80 million sq. ft., Business Bay is a prime location in the city, featuring a mix of properties. Most of the residential properties in the area are apartments and many of the Business Bay buildings are part of Dubai’s iconic skyline.
There are a few pavilion villas for rent in the Executive Towers apart from the Sky Villas and the Marasi floating villas along the Dubai Canal. In terms of the configurations of the properties, you can find a large number of studios, 1, 2 and 3-bedroom apartments, a few 4-bedroom luxury apartments and penthouses for rent in Business Bay.
Popular off-plan communities to invest in Business Bay include Private Residences by Omniyat, Millennium Binghatti Residences by Binghatti Developers and Paramount Towers by DAMAC Properties.