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REPORT: BUSINESS BAY IS EMERGING AS DUBAI’S BUSIEST PROPERTY BUYING SPOT

Last modified on 1st February 2024. Dubai Real Estate Blog

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REPORT: BUSINESS BAY IS EMERGING AS DUBAI’S BUSIEST PROPERTY BUYING SPOT

Business Bay is one of the most attractive areas to buy real estate in Dubai, as the worth of apartments in Business Bay has increased and recorded high growth rates of 17% in the past two years. 

The significant growth in residential prices in Business Bay over the last two years is part of a broader re-pivoting of the city's center of gravity towards Central Dubai, encompassing the DIFC, the Sheikh Zayed Road area between the Trade Center and Dusit Thani, as well as Downtown. Experts said. 

In addition, this incredible growth is due to the strategic location of Business Bay, its infrastructure and modern and advanced facilities, and the diversity of its properties. From properties for rent in the Business Bay and Business Bay apartments for sale amidst a vibrant community where apartments in the Business Bay are famous for their luxurious designs. 

Business Bay has found itself on the doorstep of Dubai's central business district and close to arguably the emirate's most lifestyle retail-rich neighborhoods, such as Jumeirah and Al Safa. Also, it includes many towers that feature charming views of the Dubai city skyline, like AG Tower Business Bay. 

This privileged location made it one of the most popular areas to own real estate, as it is close to Downtown Dubai and Burj Khalifa, the Museum of the Future, and the Dubai Mall. This proximity attracts many buyers and investors to search for apartments for sale in a Business Bay for housing or investment. 

Business Bay Residential Projects are Thriving in 2022 

Business Bay delivered about 7,000 apartments between 2019 and 2020 at prices 27% cheaper than Downtown Dubai. This area attracted those looking for apartments for sale in Business Bay because of the diverse and luxurious projects that have been constructed. For example, the skyscraper Regalia Clouds in June 2021 by Deyaar. 

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Worth mentioning that the community offers plenty of leasing options starting from Business Bay apartments for monthly rent, and studios for rent. Offices for rent in Business Bay are solid commercial options to look at. 

The excellent road infrastructure and its proximity to Downtown Dubai and the Dubai International Center have made many Dubai real estate developers, buyers, and investors aware of the importance of the geographical location of Business Bay, which attracts individuals and families. 

Branded residential developers are alive to the geographic significance of Business Bay. Ultra-high-end operators such as the Dorchester and The Cipriani family's Mr. C Residences and Four Seasons upstream along the Dubai Canal hurriedly are seen bringing through residential products that redefine prices along this stretch of Central Dubai. 

The Waves Business Bay 

The Waves Business Bay deserves mention. It is a high-rise residential building developed by Casco Real Estate, comprising 23 floors. This building is considered one of the attractive projects for housing within Business Bay due to its prominent location and captivating views of the Dubai Water Canal, Creek Road, and discovery gardens. In addition, many shopping centers, namely Dubai Mall and Dubai Ice Rink, restaurants, and facilities, are within the vicinity. 

In general, you can also find apartments for sale in Business Bay, ranging from studios to 1 and 2 bedrooms, all of which are designed with upscale and modern designs and all the amenities you expect. 

Read the Driven Properties blog to learn more about the latest UAE news and Dubai’s property market.