BUSINESS BAY AREA GUIDE

Everything you need to know about living, buying and renting in Business Bay.

BUSINESS BAY IN BRIEF

One of Dubai's central business, commercial and residential areas, Business Bay, is a charming neighbourhood with architecturally striking buildings. It offers strong transport links, a plethora of world-class amenities and all the attractions of Downtown Dubai at its doorstep. The community is Dubai's answer to Manhattan but with a Middle Eastern flair. 

One of the standout features of Business Bay is its proximity to Dubai International Airport, which is roughly a 15-minute drive away. The area is also home to some of Dubai's most iconic landmarks. One is the Dubai Canal, which adds a touch of serenity to the otherwise bustling neighbourhood. Other key attractions like the Dubai Mall, Dubai Opera, and the Burj Khalifa are just a short distance away.

Dubai Properties, one of the leading real estate developers, has been pivotal in transforming Business Bay. The developer's iconic projects like Executive Towers and Bay Square have turned Business Bay into an attractive destination for homebuyers and investors.

COMMUNITY OVERVIEW

The total area of Business Bay is 46.9 million sq. ft. 22.1% is allocated for residential projects, 18.5 % for commercial use and 59.4% for mixed operations. Downtown Dubai and Dubai International Financial Centre (DIFC) are just 10 minutes away from the community. 

Business Bay attracts professionals, entrepreneurs, and expats, particularly those working in the nearby financial and business hubs. It has a high concentration of young professionals in their 20s and 30s, many of whom live in the area for its proximity to their workplaces.

Though Business Bay is known for its corporate appeal, it also caters to families. It is a well-maintained, safe community with 24/7 security. The area has well-maintained roads, green spaces, and efficient services. Residential areas here have plenty of amenities like parks, play areas, and cafes. Business Bay creates a balanced environment for work and leisure.

PROPERTIES IN BUSINESS BAY 

Business Bay offers studios, 1, 2, 3, and 4-bedroom apartments and penthouses. The average size of properties here ranges from 500 sq. ft. for studios to over 3,000 sq. ft. for larger units. Renowned developments like Capital Bay Towers, Bay Square, and Executive Towers have set the benchmark for luxury living in Business Bay. Properties in Business Bay offer high-end finishes, floor-to-ceiling windows, and contemporary designs. Many properties also have smart home features for residents to control lighting, temperature, and security systems with just a few taps on their smartphones.

One of the standout features of Business Bay properties is the views. They offer views of the Dubai Canal, Burj Khalifa, and the skyline. The vistas here are nothing short of spectacular. No wonder Business Bay is a top choice for people seeking a luxurious and modern living experience.

OFFPLAN PROPERTIES IN BUSINESS BAY

Off-plan properties in Business Bay are popular among investors and end-users. The primary advantage of buying off-plan is the lower entry price compared to ready properties. Developers offer attractive payment plans so buyers can spread the cost over several years. Here are some of the latest off-plan projects in Business Bay:

Vela Viento

Vela Viento is a luxurious residential development by Omniyat. It comprises two towers with 2, 3, and 4-bedroom apartments ranging from 2,852 sq. ft. to 9,569 sq. ft. The towers also have 4-bedroom duplex apartments and penthouses ranging from 10,032 sq. ft. to 14,413 sq. ft. The award-winning Foster + Partners designed the 45-storey towers. 

Starting Price: AED 18,540,81

Handover Date: Q3 – 2027

Tiger Sky Tower

Tiger Sky Tower by Tiger Group is anticipated to become one of Dubai's most iconic landmarks. The 122-story skyscraper features 1, 2, 3, and 4-bedroom apartments and 5 and 7-bedroom penthouses. Apartments range from 873.17 sq. ft. to 2,973.64 sq. ft., whereas penthouses come in 11,998.53 sq. ft. to 12,421.34 sq. ft. layout. The tower will have the highest residential rainforest and the highest infinity pool.

Starting Price: AED 2,200,000

Handover Date: Q1 – 2029

77 Shades

77 Shades is a project by Green Real Estate Development L.L.C. The tower features 1 to 5-bedroom lofts, penthouses, and sky villas ranging from 876 sq. ft. to 6,500 sq. ft. There will be 295 residential units and 650 covered parking spaces in the tower. It will also have the tallest open-air, temperature-controlled sky park.

Starting Price: AED 1,650,000

Handover Date: Jul - 2027

Vento Tower

Vento Tower is a 23-storey residential building developed by Anax Development. The development will have 227 residential units featuring studios, 1 , 2, and 3-bedroom apartments, and two retail units. Studio apartments range from 476 to 741 sqft., 1-bedroom apartments from 700 to 1218 sqft., 2-bedroom apartments from 1987 to 2831 sqft., and 3-bedroom apartments from 2339 to 2339 sqft.

Starting Price: AED 1,200,000

Handover Date: Jun - 2026

Damac Altitude Tower

Altitude De Grisogono by Damac Properties offers luxury studios, 1, 2, and 3-bedroom and 2-bedroom duplex apartments. Apartments range from 424 sq. ft. to 2,036 sq. ft., and duplex apartments from 3,686 sq. ft. to 4,141 sq. ft. All the residential units offer views of the Dubai Canal. 

Starting Price: AED 1,180,000

Handover Date: Mar - 2028

HOW MUCH IS IT TO RENT A PROPERTY IN BUSINESS BAY? 

Business Bay is a prime location, so rental prices are higher. However, the area offers a range of options. Rent in Business Bay for different properties is as follows:

These prices vary depending on the building's location, views, and amenities. For example, properties with views of the Burj Khalifa or the Dubai Canal tend to command higher rents.

HOW MUCH IS IT TO BUY A PROPERTY IN BUSINESS BAY? 

Properties for sale in Business Bay are also on the higher side because of its status as a luxury and business district. Here's a summary of average sale prices in Business Bay:

The ongoing development of new projects and infrastructure in the area will drive property values even higher in the coming years.

IS BUSINESS BAY PROPERTY A GOOD INVESTMENT? 

For good reason, Business Bay is one of Dubai's most attractive real estate investment destinations. Its central location, high demand for rental properties, and luxury appeal make it a prime choice for investors. The area's proximity to key business and leisure hubs, such as Downtown Dubai and DIFC, further enhances its investment potential.

Over the past few years, Business Bay has seen steady growth in property prices and rental yields. The average ROI for residential properties in the area is around 6-8%, higher than many other areas in Dubai. For example, a 1-bedroom apartment in Business Bay can generate an annual rental income of AED 80,000 to AED 120,000, depending on its location and amenities.

Here's a quick comparison of ROI in Business Bay versus other areas in Dubai:

Business Bay: 6-7%

Downtown Dubai: 5-6%

Dubai Marina: 5-6%

Jumeirah Village Circle (JVC): 7-8%

JVC offers a slightly higher ROI, but Business Bay's central location and luxury appeal make it a more attractive option for long-term investors.

Business Bay presents a compelling investment case, as evidenced by its share of 5.9% of the total property transactions in Dubai. This may seem like a small percentage, but it represents a momentous portion compared to other areas in the city. It highlights the high level of activity and demand in this district. Its strategic location near Downtown Dubai, the Burj Khalifa, and DIFC, along with its diverse properties, makes it a prime destination for real estate investment. The steady transaction volume signals the area's growth and resilience. Business Bay is ideal for those seeking strong rental yields and potential long-term capital appreciation.

WHAT IS THE AVERAGE ROI FOR BUSINESS BAY PROPERTY?

Investors are often drawn to Business Bay due to its relatively high rental yields. The average ROI in Business Bay is between 6-8%. Here's a breakdown of ROI for different property types:

These figures are based on current market trends and can vary depending on location, property condition, and rental demand. Business Bay offers a balanced mix of high ROI and long-term capital appreciation compared to other areas in Dubai.

MOST POPULAR BUILDINGS IN BUSINESS BAY 

Executive Towers

Executive Towers is a combination of 12 towers named  Executive Tower M, B, K, H, G, J, L, F, E, C and D. These towers have 1,799 units featuring studio, 1, 2, 3 and 4-bedroom apartments. Their floor plans are:

Studio apartments: 850 to 950 sq. ft.

1-bedroom apartments: 952 to 1,155 sq. ft.

2-bedroom apartments: 1,552 to 1,814 sq. ft.

3-bedroom apartments: 1,884 to 2,300 sq. ft.

4-bedroom apartments: 3,392 sq. ft. to 6,500 sq. ft.

One-bedroom apartments in Executive Towers cost around AED 1,550,000, while 2 bedroom apartments may be priced around AED 2,650,000. Rent in Executive Towers for these apartments is, on average AED 110,00 and AED 150,000, respectively.

Capital Bay Towers

Capital Bay Towers comprise 2 mid-rise buildings featuring studios, 1, 2, 3-bedroom serviced apartments. The apartments in these 22-storey buildings range from 811 sq. ft. to 1,849 sq. ft. Amenities in Capital Bay Towers include a gymnasium, swimming pool, aerobics room, landscaped courtyard and kids' play area. The average prices in the towers are:

1-bedroom apartments for rent: AED 100,000

2-bedroom apartments for rent: AED 140,000

1-bedroom apartments for sale: AED 1,550,000

2-bedroom apartments for sale: AED 2,390,000

Merano Tower

Merano Tower is a 29-storey residential building developed by DAMAC Properties. The apartments in Merano Tower come in studio, 1, 2 and 3-bedroom units ranging from 327 sq. ft. to 1,461 sq. ft. Apartments in Merano Tower feature double-glazed glass windows, whereas the building has underground parking and maintenance services.

1-bedroom apartments for rent: AED 90,000

2-bedroom apartments for rent: AED 140,000

1-bedroom apartments for sale: AED 1,450,000

2-bedroom apartments for sale: AED 2,295,000

Ontario Tower

Ontario Tower is a 29-storey tower featuring 25 studios, 100 1-bedroom and 50 2-bedroom apartments. The apartments in Ontario Tower range from 400 sq. ft. to 900 sq. ft. The tower has separate passenger lifts, a gym, and three podium-level parking spaces.

1-bedroom apartments for rent: AED 95,000

2-bedroom apartments for rent: AED 132,000

1-bedroom apartments for sale: AED 1,360,000

2-bedroom apartments for sale: AED 2,185,000

SCHOOLS & NURSERIES 

Families living in Business Bay have access to some of Dubai's best schools and nurseries. First Path Montessori and Hummingbird Nursery are the popular options for parents with younger children. Maple Bear Pre-School in Wasl 1 is a 15-minute drive away. Some nearby schooling options are:

Dubai International School in Al Quoz (12 minutes)

GEMS Our Own Indian School on Al Meydan Road (10 minutes)

Safa British School in Al Safa (15 minutes) 

HEALTHCARE 

Residents of Business Bay have access to a variety of healthcare facilities. Emirates Hospital Clinic in Bay Avenue is one of the best hospitals in Business Bay. Aster Clinic and The Valens Clinic are popular clinics in the community. Medcare Hospital in Safa is a short 12-minute drive away. Several branches of community pharmacies and healthcare clinics are located throughout the area.

OUTDOOR SPACES & PARKS

Business Bay offers a few outdoor spaces for residents and visitors. The Dubai Canal is popular for jogging, cycling, and leisurely walks. Bay Avenue Park in Business Bay is a small but popular park offering outdoor seating and play areas for kids. The nearby Burj Park in Downtown Dubai is a pet-friendly park where you can also go cycling and watch the world's tallest performing fountain show in the evening. The famous Jumeirah Beach is only 15 minutes away.

There are also indoor fitness centres across the area. Fitness First in Vision Tower, BARE in Clover Bay Tower, and Elevation Fitness on Al Sa'ada Street are the popular fitness centres in Business Bay.

TRANSPORTATION & PARKING 

Business Bay is well-connected by public transport, including the Dubai Metro (Business Bay Station), buses, and taxis. Dubai Metro Red Line's Business Bay Metro Station and the nearby Burj Khalifa/ Dubai Mall Metro Station, Financial Centre Station and Emirates Towers Station serve the area. Buses F14, F20, F41, F19A and F19B stop at all the major towers in the area. Residents also benefit from Sheikh Zayed Road and Al Khail Road, which provide easy access to the city's key areas. There is dedicated parking for each building.

SHOPPING, DINING & LIFESTYLE

Bay Avenue Mall in Business Bay fulfils the residents' and visitors' shopping needs as it has a range of retail outlets, supermarkets, and cafes. Dubai Mall is another popular shopping choice near Business Bay. The area is also a food lover's paradise. Some famous restaurants in Business Bay are Kitchen 6, Prime 68, Acai and Co., Tong Thai, and Farsi Restaurant. Residents can enjoy leisure activities at various entertainment venues like Sports on 4, Oud Lounge,  and Bay Club.

BUSINESS BAY LANDMARKS

The most notable landmark of Business Bay is most definitely the Dubai Canal. It is an artificial canal that highlights the free-flowing waters of the iconic Dubai Creek. The 3-km canal connects Business Bay to the older parts of Dubai. Burj Khalifa and Dubai Opera are the other renowned landmarks in Downtown Dubai, just 10 minutes away.

BUSINESS BAY EXPERTS

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