Speaking about the trendiest residential and business centers in Dubai, the first neighborhood that comes to mind is Business Bay. Situated amidst the sparkling waters of the Dubai Canal, it is adjacent to the centre of Dubai - Downtown Dubai. The community has a wide enough range of objects, which allows you to pick up real estate in Dubai for any purpose. Hundreds of foreign investors and potential permanent residents are eager to buy properties in Business Bay because of the above-mentioned reason.
Business Bay is located in a so-called freehold zone, which allows foreigners to own and dispose of the real estate at their own discretion. Besides, a solid investment of a definite sum of money provides foreigners with the right to apply for a resident`s visa or a golden visa.
Business Bay of Dubai - City center and real estate it offers
Looking for the property in Business Bay, keep in mind that the apartments with a different number of bedrooms are among the most popular types. They are of high demand as well. The current situation is easily explained by a full range of amenities present in residential complexes. The increased comfort is provided by the presence of swimming pools, fitness centers, and athletic fields.
- Area: 4.36 km²
- Emirate: Dubai
- Established: 2003
For investors and future residents, who are looking for villas for sale, it is advisable to explore the podium area of skyscrapers. Such a type of property is relatively rare and not so widespread. The relatively young community offers residents a developed infrastructure. The following number of points is to be highlighted among its advantages.
Location and neighbouring areas
No matter whether a property buyer wants to purchase a home for living or make a reasonable investment, the convenient location is the first step towards a successful deal.
The necessary amenities that should be present nearby the neighborhood:
- shopping centers, supermarkets, stores and markets;
- medical facilities;
- educational institutions;
- landmarks;
- restaurants and entertainment venues.
Business Bay meets the criterion of favourable location and offers views of posh skyscrapers such as the Burj Khalifa and other world-famous landmarks. This is an ideal location for people seeking an upscale lifestyle surrounded by fine restaurants and first-class hotels.
The transportation system is developed as well. Dubai Water Canal connects Old Dubai to the Persian Gulf, giving an extensive number of opportunities for transportation. To travel to the neighboring districts, residents can use the metro, buses, and taxis. The variety of public transport facilitates the process of traveling and improves the living conditions.
There are also always land and water cabs at their disposal, and the metropolitan international airport is a 15-minute drive from the area.
High Return on Investment (ROI)
Business Bay, as one of the most popular districts of Dubai, provides a high ROI. The residential complexes in the neighborhood feature 5-6% investment return on luxury apartments for sale. Doubled with reasonable prices, the real estate in Business Bay gives the chance not only to save money, but to earn them as well.
Wide range of amenities
The community is a hub of entertainment, business, exciting events, fine dining, stylish lounges, 5-star hotels and award-winning aesthetic infrastructure. There are also parks, playgrounds, yoga areas, spas and facilities with magnificent views of the waterway. Real estate for sale in Dubai in this community is aimed at a wide social audience. It is suitable for retirees and families with children, as well as young professionals.
What is Business Bay known for?
Business Bay is known as a central business district in Dubai, United Arab Emirates. It is an emerging hub for corporate and commercial activities, with numerous high-rise buildings and skyscrapers that house offices of various local and international businesses. Business Bay is also home to several hotels, restaurants, retail outlets, and residential buildings, making it a dynamic and bustling area.
What is the meaning of Business Bay?
The name "Business Bay" suggests its purpose as a business hub. It is a waterfront district located along the Dubai Water Canal that was developed with the aim of providing a modern and efficient infrastructure for businesses to thrive. The district offers a range of amenities and services, including state-of-the-art transportation and communication facilities, making it an attractive location for businesses.
Is Business Bay a good area to live?
Business Bay is a sought-after location for expats and professionals who prefer to live in a central and vibrant area with easy access to their workplaces. It offers a mix of residential options ranging from luxurious high-rise apartments to more affordable accommodations. The area is well-connected to other parts of Dubai, with excellent transportation links, including the Dubai Metro and public buses. Business Bay is also home to several recreational and entertainment facilities, such as parks, fitness centers, and shopping malls.
Who is the owner of Business Bay?
Business Bay is a development by Dubai Properties Group, a subsidiary of Dubai Holding, which is owned by the Government of Dubai. Dubai Properties Group is responsible for the planning, design, and construction of the district, which began in 2003 and has since become one of the most prominent business hubs in the region.
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