Dubai Business Bay: Area, Neighborhoods, Amenities, & lifestyle
Business Bay is one of the famous residential and business centres in Dubai and UAE. It is located amidst the shimmering waters of the Dubai Canal and is a neighbour to Dubai's most important neighbourhood, Downtown Dubai. Business Bay aims to become the central business hub of Dubai, much like Manhattan in New York City, offering a range of world-class amenities and a fast-paced lifestyle. It is known as a mixed-use neighbourhood with residential and commercial areas.
NEIGHBOURHOOD IN BUSINESS BAY
South of downtown Dubai lies one of Dubai's most well-known neighbourhoods, Business Bay. As the name suggests, the area is home to several commercial buildings with high-profile offices, banks and stores. With great connectivity, the lifestyle in Business Bay is ideal for professionals working in the area, Downtown Dubai and the DIFC. The area is also home to some of the leading hotel chains from around the world, including Oberoi, Taj and Marriott. With a selection of beautiful apartments, hotel apartments and hotels, Business Bay has become a sought-after address in the city, attracting interest from tenants, buyers and tourists alike. The area is also in close proximity to the Dubai Design District and one of Dubai's oldest hotspots, Jumeirah.
REAL ESTATE IN BUSINESS BAY
With an area of over 80 million square feet, Business Bay is a prime location in the city that offers a mix of properties. Most of the residential properties are apartments, and many of the buildings in Business Bay are part of Dubai's iconic skyline.
In the Executive Towers, there are a number of pavilion villas for rent, in addition to the Sky Villas and the floating Marasi Villas along the Dubai Canal. As for property amenities, you'll find a wide range of studios, 1-, 2- and 3-bedroom apartments, some 4-bedroom luxury apartments and penthouses.
Popular off-plan residential developments in Business Bay include Private Residences by Omniyat, Millennium Binghatti Residences by Binghatti Developers and Paramount Towers by DAMAC Properties.
The area is known for its cosmopolitan, fast-paced atmosphere that attracts a large number of young professionals working in Downtown Dubai, Sheikh Zayed Road and the DIFC. The lifestyle here is mainly aimed at young couples and singles, but recently many families are also interested in the area, especially to invest in apartments. In terms of nationalities, there is a good mix of expatriates, making Business Bay a multicultural neighbourhood.
RENTAL TRENDS IN BUSINESS BAY
Flat type Average rent in AED
- Studio 42,000
- 1-bedroom 60,000
- 2-bedrooms 87,000
- 3-bedrooms 121,000
- 4-bedrooms 190,000
- 5-bedrooms 1,442,000
- 6-bedrooms 770,000
Flat rentals in Business Bay have a lot of options. These residential towers offer apartments with a variety of amenities for tenants like well-equipped gyms, swimming pools, children's playgrounds and so on.
Studio rents in Business Bay range from AED 28,000 to AED 200,000 per year. 1-bedroom apartments in Business Bay cost between AED 35,000 and AED 200,000 per year. A 2-bedroom flat in Business Bay starts at AED 53,000 per year and goes up to AED 950,000 per year.
Tenants looking for larger units can opt for 3- and 4-bedroom apartments. Rents for 3-bedroom apartments in Business Bay start at AED 89,000 per year and range up to AED 220,000 per year. Rents for 4-bed apartments in Business Bay can go up to AED 290 thousand per year.
SALES TRENDS IN BUSINESS BAY
Apartment type Average selling price in AED
- Studio 660,000
- 1-bedroom 980,000
- 2-bedrooms 1,594,000
- 3-bedrooms 2,271,000
- 4-bedrooms 5,268,000
- 5-bedrooms 39,724,000
It is becoming increasingly popular to buy apartments in Business Bay. Sale prices for studios in Business Bay start from AED 418k and go up to AED 1.48M. Sale prices for 1-bedroom apartments in Business Bay range from AED 550,000 to AED 2.8M. For 2-bedroom apartments in Business Bay, you have to spend at least AED 850,000. The selling price for 3-bedroom apartments starts at AED 1.3 million and goes up to AED 19.8 million.
4-bedroom apartments for sale in Business Bay range from AED 2.3 million to AED 32.4 million. Prices for a 5-bedroom apartment in Business Bay range from AED 4.4 million to AED 40 million. For a 6-bed apartment, the selling price is AED 27.8 million.
AMENITIES SCHOOLS AND HEALTHCARE
Those who live in Business Bay have no reason to worry when it comes to proximity to amenities.
SUPERMARKETS IN BUSINESS BAY
When it comes to supermarkets in Business Bay, Bay Avenue has well-stocked Spinneys and Choithrams to serve the area's population. There is also a West Zone Supermarket near Mayfair Towers, an Al Maya Supermarket in Clover Bay Tower, and several Zoom Mini-Markets.
SCHOOLS NEAR BUSINESS BAY
Parents with younger children have a choice of some of the best preschools in the city such as Hummingbird Nursery on Bay Avenue, Maple Bear Pre School in Burlington Tower, Blossoms Nursery in Downtown Dubai and Canadian Kids Nursery in Churchill Towers. Primary and secondary schools near Business Bay include Jumeirah English Speaking School and Safa British School in Al Safa. Dubai International School Al Quoz follows the American curriculum through grade 12. Towheed Iranian Boys School is located on Al Meydan Road.
GEMS Our Own Indian School is located near Manama Hyper Market on Al Meydan Road and Global Indian International School (GIIS) Dubai Campus is located near Al Manar Islamic Center on Al Meydan Road. Another school near Business Bay is Gems Wellington Primary School in Al Satwa, which offers the British/IB system up to grade 13. For older students, universities in Dubai Knowledge Park are easily accessible by both car and public transport and offer educational programs from internationally recognized institutions.
CLINICS AND HOSPITALS IN BUSINESS BAY
Emirates Hospital Clinic on Bay Avenue is one of the best hospitals in Business Bay and does a good job of treating minor ailments. For conditions that require more detailed examination, Medicare Hospital in Safa and Emirates Hospital in Jumeirah are only a 15-minute drive away.
Geographically, Business Bay is in close proximity to Downtown Dubai, with the Al Quoz industrial area to the north and the new, modern Al Habtoor City across the Dubai Canal. It is just a short drive from the DIFC, Al Safa, Jumeirah and Sheikh Zayed Road, making it a great location for the city's business people to rent or buy property.