Business Bay is one of the busiest business hubs of Dubai. Constructed as a part of His Highness Sheikh Mohammed Bin Rashid Al Maktoum’s vision, Business Bay contains 240 buildings both residential and commercial. The complete infrastructure development and building construction got completed in 2015. Dubai Properties is the master developer of this property, who is also a member of Dubai Holdings.
Business Bay consists of an area of 46,900,000 sq.ft out of which 78,000 sq.ft will be made available for leasing to public. It is an incredible project in the Heart of Dubai. Business Bay is considered to be an ideal location for investment in Dubai. Due to high demand for offices and residential units, the construction is growing at a rapid pace with many more new projects. Business bay is considered as the fastest developing area in Dubai – growing at a rate of 5-7% yearly.
Business Bay is situated in between Sheikh Zayed road and Al Khail road and is also connected to Business Bay Metro Station. The sale price of the property ranges from AED 1,000,000 to AED 90,000 and the rental prices ranges between AED 89,000 to AED100, 000.
The ongoing Mega project of the Dubai Creek Extension is also set to change the face of the Business Bay development. The creek will be extended to Business Bay, from where it will be connected to the Arabian Gulf.
Major Towers and Properties include The Prism, Executive Tower, Vision Tower, Horizon Tower, Platinum Tower and Al Manara.
Executive Tower: The Executive Tower consists of 12 towers that includes residential, commercial and office towers. These are the first buildings to be completed in Business Bay and are located near its entrance. A 3 storey podium connects all the towers.
Bay Avenue: Bay Avenue is a beautiful indoor and outdoor retail space. It has cafes, restaurants, showrooms, plaza, children play area etc. It is in short a hot spot of entertainment for the residents in Business Bay.
Bay Square: Bay Square is a mixed Community within Business Bay. It has canals, waterways, cafes, restaurants and retail stores. The Bay Square consists of buildings such as Bay Square Commercial Buildings, Bay Square Hotel, Bay Square office buildings and Bay Square residential buildings.