Off-plan property investment is a type of real estate investment that involves buying a property before it is completed or even before the construction begins. A off-plan property project in Dubai is usually offered by developers at lower prices than ready properties, with attractive payment plans and incentives.
Business Bay is one of the most popular areas in Dubai for off-plan property investment, as it is a trendy mixed-use district that is located on the banks of the Dubai Canal, close to Downtown Dubai and other key areas.
In this article, we will explore the off-plan property market in Business Bay, its benefits and disadvantages, its ROI, its community overview, its rental and sale trends, and its frequently asked questions.
About Business Bay
Business Bay is a leading business hub in Dubai that features residential and commercial skyscrapers along the Dubai Canal. It was launched in 2003 by Emaar Properties and covers an area of 46.9 million sq. ft., of which 22.1% is allocated for residential purposes, 18.5% for commercial use and 59.4% for mixed operations.
Business Bay aims to become the Central Business District (CBD) of Dubai and was inspired by Manhattan in New York.
Business Bay is strategically located along Sheikh Zayed Road, E11, across Al Wasl and bordering Business Bay, making it easily accessible from other parts of the city like Al Habtoor City.
It is also well-connected by various modes of transportation, such as Dubai Metro, Dubai Tram, Dubai Bus and Dubai Taxi.
- Business Bay is close to some of the major landmarks and attractions in Dubai, such as Burj Khalifa, The Dubai Mall, The Dubai Fountain and Dubai Opera.
- Business Bay is home to some of the leading international and local businesses, architectural masterpieces, renowned hospitality groups, public transport links and many top-notch amenities.
It attracts a huge population of young professionals who want to live and work in a dynamic and cosmopolitan environment. It also attracts many tourists who want to enjoy the luxury and culture of the area.
How Is The Dubai Business Bay Real Estate Market?
The Dubai Business Bay real estate market is one of the most dynamic and competitive markets in Dubai. It offers a range of properties for rent and sale, such as off-plan apartments, off-plan penthouses, off-plan villas and hotels, that cater to different segments of the population.
According to Bayut & dubizzle’s sales report for Dubai H1 2022, Business Bay is one of the popular areas for buying affordable apartments.
- The Dubai Business Bay real estate market is also influenced by the ongoing developments and projects in the area, such as Marasi Floating Villas, a collection of villas that will be docked in Business Bay.
- The Opus by Zaha Hadid Architects, a mixed-use development that features a hotel, offices and residences.
- The Pad by Omniyat, a residential tower that resembles an iPod; The Langham Place Downtown Dubai by Omniyat, a luxury hotel and residences; and The Dorchester Collection by Omniyat, a luxury hotel and residences.
How Is The Off-Plan Property Market In Business Bay?
The off-plan property market in Business Bay is one of the most active and attractive markets in Dubai. It offers a variety of off-plan properties for sale, such as apartments, penthouses, hotel apartments and hotels, that are offered by some of the leading developers in the region, such as Emaar Properties, Damac Properties, Dubai Properties, Omniyat, MAG Lifestyle Development, and Time Properties.
The off-plan property market in Business Bay also offers many benefits and incentives to buyers, such as lower prices than ready properties, flexible payment plans, post-handover payment plans, waiver of registration fees, waiver of service charges, free furniture packages, and guaranteed rental returns.
The off-plan property market in Business Bay also has the potential to appreciate in value over time, depending on the market conditions and the quality of the project.
Some of the factors that can affect the value appreciation of off-plan properties in Business Bay are: the location, the developer reputation, the project design, the project amenities, the project completion date, and the demand and supply.
What Are The Benefits Of Off-Plan Property In Business Bay?
Some of the benefits of off-plan property in Business Bay are:
- Lower prices: Off-plan properties are usually offered at lower prices than ready properties, as developers want to attract buyers and investors at an early stage of the project. Buyers can also benefit from discounts and offers that are available during the launch or pre-launch phase of the project.
- Flexible payment plans: Off-plan properties usually come with flexible payment plans that allow buyers to pay in installments over a period of time, rather than paying the full amount upfront. This can help buyers to manage their cash flow and budget better.
- Post-handover payment plans: Some off-plan properties also come with post-handover payment plans that allow buyers to pay a portion of the price after receiving the keys to the property. This can help buyers to reduce their financial burden and risk.
- Waiver of fees: Some off-plan properties also come with waiver of fees, such as registration fees, service charges, or commission fees, that are usually charged by the developer or the agent. This can help buyers to save money and increase their return on investment.
- Free furniture packages: Some off-plan properties also come with free furniture packages that include furniture, appliances, and fittings for the property. This can help buyers to save time and money on furnishing and decorating their property.
- Guaranteed rental returns: Some off-plan properties also come with guaranteed rental returns that promise a certain percentage of income for a certain period of time after the handover of the property. This can help buyers to secure a steady source of income and cover their expenses.
What Are The Disadvantages Of Off-Plan Properties In Business Bay?
Some of the disadvantages of off-plan properties in Business Bay are:
- Delayed completion: Off-plan properties are subject to delays in completion due to various reasons, such as market conditions, legal issues, technical issues, or force majeure. This can affect the buyer’s plans and expectations and cause inconvenience and frustration.
- Lack of transparency: Off-plan properties are sometimes sold based on brochures, models, or renderings that may not reflect the actual quality or specifications of the property. Buyers may not be able to inspect or verify the property until it is completed and handed over. This can lead to discrepancies or disputes between the buyer and the developer.
- Lack of flexibility: Off-plan properties are usually sold based on a fixed contract that may not allow for any changes or modifications to the property. Buyers may not be able to customize or personalize their property according to their preferences or needs.
- Lack of liquidity: Off-plan properties are usually less liquid than ready properties, as they are harder to sell or rent before they are completed and handed over. Buyers may face difficulties or restrictions in transferring or exiting their investment before the handover.
What Is The ROI On Off-Plan Properties In Business Bay?
The ROI on off-plan properties in Business Bay depends on various factors, such as the purchase price, the rental income, the capital appreciation, the fees and charges, and the holding period.
According to Bayut & dubizzle’s sales report for Dubai H1 2022, Business Bay offers an average ROI of 6.09% for apartments, which is higher than the average of 5.8% for most property investments in Dubai.
The table below shows the average ROI for different types of apartments in Business Bay:
| Type | Average ROI |
|---|---|
| Studio | 6.4% |
| 1-Bedroom | 6.1% |
| 2-Bedroom | 5.9% |
| 3-Bedroom | 5.7% |
| 4-Bedroom | 5.5% |
Why Is Business Bay Off-Plan Property Interesting For Real Estate Developers?
Business Bay off-plan property is interesting for real estate developers because it offers them several advantages, such as:
- High demand: Business Bay is one of the most popular areas in Dubai for off-plan property investment, as it attracts many buyers and investors who want to benefit from its lower prices, flexible payment plans, and potential value appreciation.
- High returns: Business Bay offers high returns for developers who can sell their off-plan properties at higher prices than their construction costs, and generate revenue from their hotel apartments or hotels.
- High occupancy: Business Bay offers high occupancy for developers who can rent out their off-plan properties to tenants who want to live and work in a dynamic and cosmopolitan area, or to tourists who want to enjoy the luxury and culture of the area.
- High reputation: Business Bay enhances the reputation of developers who can showcase their architectural and artistic excellence in their off-plan projects, and associate themselves with some of the leading brands and landmarks in the area.
Why Is Business Bay Off-Plan Property Interesting For Real Estate Investors?
Business Bay off-plan property is interesting for real estate investors because it offers them several benefits, such as:
- Lower prices: Off-plan properties are usually offered at lower prices than ready properties, as developers want to attract buyers and investors at an early stage of the project. Investors can also benefit from discounts and offers that are available during the launch or pre-launch phase of the project.
- Flexible payment plans: Off-plan properties usually come with flexible payment plans that allow investors to pay in installments over a period of time, rather than paying the full amount upfront. This can help investors to manage their cash flow and budget better.
- Post-handover payment plans: Some off-plan properties also come with post-handover payment plans that allow investors to pay a portion of the price after receiving the keys to the property. This can help investors to reduce their financial burden and risk.
- Waiver of fees: Some off-plan properties also come with waiver of fees, such as registration fees, service charges, or commission fees, that are usually charged by the developer or the agent. This can help investors to save money and increase their return on investment.
- Free furniture packages: Some off-plan properties also come with free furniture packages that include furniture, appliances, and fittings for the property. This can help investors to save time and money on furnishing and decorating their property.
- Guaranteed rental returns: Some off-plan properties also come with guaranteed rental returns that promise a certain percentage of income for a certain period of time after the handover of the property. This can help investors to secure a steady source of income and cover their expenses.
- Potential value appreciation: Off-plan properties also have the potential to appreciate in value over time, depending on the market conditions and the quality of the project. Investors can benefit from selling their off-plan properties at higher prices than their purchase prices, or from renting them out at higher rates than their mortgage payments.
Why Is Business Bay Off-Plan Property Interesting For Off-Plan Buyers?
Business Bay off-plan property is interesting for off-plan buyers because it offers them several advantages, such as:
- Lower prices: Off-plan properties are usually offered at lower prices than ready properties, as developers want to attract buyers and investors at an early stage of the project. Buyers can also benefit from discounts and offers that are available during the launch or pre-launch phase of the project.
- Flexible payment plans: Off-plan properties usually come with flexible payment plans that allow buyers to pay in installments over a period of time, rather than paying the full amount upfront. This can help buyers to manage their cash flow and budget better.
- Post-handover payment plans: Some off-plan properties also come with post-handover payment plans that allow buyers to pay a portion of the price after receiving the keys to the property. This can help buyers to reduce their financial burden and risk.
- Waiver of fees: Some off-plan properties also come with waiver of fees, such as registration fees, service charges, or commission fees, that are usually charged by the developer or the agent. This can help buyers to save money and increase their return on investment.
- Free furniture packages: Some off-plan properties also come with free furniture packages that include furniture, appliances, and fittings for the property. This can help buyers to save time and money on furnishing and decorating their property.
- Potential value appreciation: Off-plan properties also have the potential to appreciate in value over time, depending on the market conditions and the quality of the project. Buyers can benefit from living in a property that is worth more than its purchase price, or from renting it out at higher rates than its mortgage payments.
- Luxurious lifestyle: Off-plan properties in Business Bay offer a luxurious lifestyle to buyers who want to live in a trendy mixed-use district that is located on the banks of the Dubai Canal, close to Downtown Dubai and other key areas. Business Bay offers a range of amenities that enhance the quality of life of its residents, such as restaurants, cafes, bars, hotels, shops, malls, parks, gardens, and more.
What To Consider When Buying Off-Plan Properties in Dubai Business Bay?
When buying off-plan properties in Dubai Business Bay, there are some factors that buyers should consider, such as:
1. Developer reputation
Buyers should check the reputation and track record of the developer who is offering the off-plan property. They should look for developers who have completed and delivered their previous projects on time and with quality, and who have positive reviews and feedback from their customers.
They should also look for developers who are registered and approved by the Dubai Land Department (DLD) and who have an escrow account for their project.
2. Project location
Buyers should check the location and surroundings of the off-plan property. They should look for properties that are located in prime areas that offer easy access to other parts of the city, and that are close to major landmarks and attractions. They should also look for properties that offer views of the Dubai Canal, the Burj Khalifa, or the Dubai Fountain.
3. Payment plans
Buyers should check the payment plans and options that are available for the off-plan property. They should look for payment plans that suit their budget and cash flow, and that offer flexibility and convenience.
They should also look for payment plans that offer incentives and benefits, such as discounts, offers, waiver of fees, post-handover payment plans, or guaranteed rental returns.
4. Payment structure options
Buyers should check the financing options that are available for the off-plan property. They should look for payment structure options that suit their financial goals and preferences, and that offer security and stability.
They should also look for payment structure options that offer advantages and opportunities, such as mortgage financing, resale, or exit.
5. Due Dilligence
Buyers should conduct due diligence before buying an off-plan property in Dubai Business Bay. They should inspect the property, review the contract, consult a lawyer and seek professional advice.
They should also read the terms and conditions, the fine print and the clauses carefully. They should also ask questions and clarify any doubts or concerns they may have.
6. Property Tax
Buyers should be aware of the property tax implications of buying an off-plan property in Dubai Business Bay. They should know the fees and charges that they have to pay, such as registration fees, transfer fees, service charges, maintenance fees and VAT (Value Added Tax).
They should also know the tax benefits and exemptions that they may be eligible for, such as capital gains tax exemption, rental income tax exemption and mortgage interest deduction.
Community Overview Of Business Bay
Business Bay is a vibrant and cosmopolitan community that offers a range of options for living, working and entertainment. It has many features and amenities that make it an ideal destination for residents and visitors alike. Some of them are:
What Are The Most Popular Buildings In Business Bay?
Some of the most popular buildings in Business Bay are:
- Burj Khalifa: The tallest building in the world that stands at 828 metres and has 163 floors. It has residential, commercial and hospitality units, as well as observation decks, restaurants, lounges and a spa.
- The Address Hotels + Resorts: A collection of luxury hotels and serviced residences that offer stunning views of the Burj Khalifa, Dubai Fountain and Dubai Opera. They have elegant rooms, suites and apartments, as well as restaurants, bars, pools, gyms and spas.
- The Address Residences Sky View: A twin-tower complex that features luxury apartments, penthouses and sky collection units. It has a sky bridge that connects the two towers and offers panoramic views of the city. It also has a pool deck, a fitness centre, a spa and a restaurant.
- The Address Residences Fountain Views: A three-tower complex that features luxury apartments, penthouses and sky collection units. It overlooks the Burj Khalifa, Dubai Fountain and Dubai Mall. It also has a pool deck, a fitness centre, a spa and a restaurant.
- The Address Residences Dubai Opera: A two-tower complex that features luxury apartments, penthouses and sky collection units. It is adjacent to the Dubai Opera, a cultural and entertainment venue. It also has a pool deck, a fitness centre, a spa and a restaurant.
Which Transportation And Parking Spaces Are There In Business Bay?
Business Bay has various modes of transportation and parking spaces that make it easy and convenient to move around the area and the city. Some of them are:
- Dubai Metro: The Dubai Metro is a rapid transit system that connects Business Bay to other parts of the city. The Red Line and the Green Line have several stations in Business Bay, such as Burj Khalifa/Dubai Mall, Business Bay, Financial Centre and Emirates Towers.
- Dubai Tram: The Dubai Tram is a light rail system that connects Business Bay to other areas, such as Dubai Marina, Jumeirah Beach Residence and Al Sufouh. The tram has a station at Burj Khalifa/Dubai Mall, where it connects with the Dubai Metro.
- Dubai Bus: The Dubai Bus is a public bus service that covers various routes in Business Bay and beyond. The bus has stops at major landmarks and attractions in Business Bay, such as Burj Khalifa, Dubai Mall, Dubai Fountain and Dubai Opera.
- Dubai Taxi: The Dubai Taxi is a metered taxi service that is available 24/7 in Business Bay and other areas. The taxi can be hailed on the street, booked by phone or app, or found at designated taxi stands.
- Parking spaces: There are plenty of parking spaces available in Business Bay, both on-street and off-street. On-street parking is managed by the RTA (Roads and Transport Authority) and requires payment by coins, nol card, SMS or app. Off-street parking is available at various buildings, malls and hotels in Business Bay and may require payment by cash or card.
Which Amenities, Schools And Healthcare Are There In Business Bay?
Business Bay has many amenities, schools and healthcare facilities that cater to the needs and preferences of different segments of the population, such as:
- Amenities: Business Bay has many amenities that enhance the quality of life of its residents and visitors. Some of them are Burj Park, a green space that offers views of the Burj Khalifa and the Dubai Fountain; Bay Avenue, a retail and leisure destination that features shops, restaurants, cafes and a skate park; and The Dubai Mall Zabeel, an extension of The Dubai Mall that offers more shopping, dining and entertainment options.
- Schools: Business Bay has several schools that cater to the educational needs of its community. Some of them are Gems Wellington Primary School, a British curriculum school that offers classes from FS1 to Year 6; Jumeirah International Nursery, a nursery that follows the Early Years Foundation Stage (EYFS) framework; and Swiss International Scientific School in Dubai, an IB World School that offers classes from KG1 to Grade 12.
- Healthcare: Business Bay has several healthcare facilities that provide medical services to its community. Some of them are The Dubai Mall Medical Centre, a multi-specialty clinic that offers outpatient care; Medcare Hospital Downtown, a hospital that offers inpatient and outpatient care; and Aster Pharmacy, a pharmacy that offers prescription drugs and health products.
Which Outdoor Activities, Fitness And Beauty Are There In Business Bay?
Business Bay has many outdoor activities, fitness and beauty options that offer fun and excitement to its residents and visitors. Some of them are:
- Outdoor activities: Business Bay has many outdoor activities that offer entertainment and culture to its residents and visitors. Some of them are The Dubai Fountain Show, a spectacular water show that takes place every evening at the Burj Lake; Burj Khalifa At The Top, an observation deck that offers breathtaking views of the city from the 124th and 125th floors; and Dubai Ice Rink, an Olympic-sized ice rink that offers skating sessions and lessons.
- Fitness: Business Bay has many fitness options that offer health and wellness to its residents and visitors. Some of them are Fitness First Platinum Club, a gym that offers state-of-the-art equipment, personal training and group classes; SoulCycle Dubai Mall, a cycling studio that offers high-intensity workouts with music and lights; and Yoga House The Dubai Mall Zabeel, a yoga studio that offers various styles and levels of yoga.
- Beauty: Business Bay has many beauty options that offer pampering and grooming to its residents and visitors. Some of them are Sisters Beauty Lounge The Dubai Mall, a salon that offers hair, nail, skin and body services; Tips & Toes The Address Boulevard Hotel, a salon that offers nail, hair, skin and spa services; and The Spa at Palace Downtown, a spa that offers massages, facials, body treatments and hammam rituals.
Which Leisure Activities And Notable Landmarks Are There In Business Bay?
Business Bay has many leisure activities and notable landmarks that showcase the architectural and artistic excellence of the city. Some of them are:
- Leisure activities: Business Bay has many leisure activities that offer entertainment and culture to its residents and visitors. Some of them are The Dubai Mall, the largest mall in the world that features over 1,200 stores, a cinema, an aquarium, a VR park and more; Dubai Opera, a cultural and entertainment venue that hosts various shows, such as musicals, concerts, ballets and operas; and Reel Cinemas The Dubai Mall, a cinema that offers various experiences, such as Platinum Suites, Dolby Cinema and ScreenX.
- Notable landmarks: Business Bay has many notable landmarks that showcase the architectural and artistic excellence of the city. Some of them are Burj Khalifa, the tallest building in the world that stands at 828 metres and has 163 floors; The Dubai Fountain, the largest choreographed fountain system in the world that shoots water up to 150 metres high; and Dubai Opera House, a stunning structure that resembles a traditional dhow boat.
Which Restaurants Are Located In Business Bay?
Business Bay has a plethora of restaurants that offer a variety of cuisines and dining experiences to its residents and visitors. Some of them are:
- At.mosphere: A fine dining restaurant located on the 122nd floor of Burj Khalifa that offers European cuisine and panoramic views of the city.
- Thiptara: A Thai restaurant located at Palace Downtown that offers authentic dishes and views of the Burj Khalifa and the Dubai Fountain.
- Asado: An Argentinean restaurant located at Palace Downtown that offers grilled meats and seafood and views of the Burj Lake.
- Zuma: A Japanese restaurant located at DIFC that offers contemporary dishes and a stylish ambience.
- La Serre: A French restaurant located at Vida Downtown that offers bistro-style dishes and a chic atmosphere.
Which Supermarkets Are Located In Business Bay?
Business Bay has several supermarkets that offer grocery shopping and delivery services to its residents and visitors. Some of them are:
- Waitrose: A hypermarket located at The Dubai Mall that offers a wide range of products, such as fresh produce, bakery, dairy, meat, seafood, frozen food, beverages, snacks, health and beauty, household and more.
- Spinneys: A supermarket located at South Ridge Tower that offers a variety of products, such as fresh produce, bakery, dairy, meat, seafood, frozen food, beverages, snacks, health and beauty, household and more.
- Al Maya: A supermarket located at Burj Views Tower that offers a range of products, such as fresh produce, bakery, dairy, meat, seafood, frozen food, beverages, snacks, health and beauty, household and more.
- Carrefour: A supermarket located at The Dubai Mall Zabeel that offers a selection of products, such as fresh produce, bakery, dairy, meat, seafood, frozen food, beverages, snacks, health and beauty, household and more.
- Zoom: A convenience store located at various buildings and hotels in Business Bay that offers a range of products, such as fresh produce, bakery, dairy, meat, seafood, frozen food, beverages, snacks, health and beauty, household and more.
Which Beaches Are Located Near Business Bay?
Business Bay is close to some of the best beaches in Dubai that offer sun, sand and sea to its residents and visitors. Some of them are:
- Jumeirah Beach: A public beach located along Jumeirah Beach Road that offers a long stretch of white sand, clear water, lifeguards, showers, changing rooms, sunbeds, umbrellas and water sports.
- Kite Beach: A public beach located along Jumeirah Beach Road that offers a wide stretch of white sand, clear water, lifeguards, showers, changing rooms, sunbeds, umbrellas and water sports. It is also popular for kite surfing and other activities.
- La Mer: A beachfront destination located along Jumeirah Beach Road that offers a sandy beach, clear water, lifeguards, showers, changing rooms, sunbeds, umbrellas and water sports. It also features shops, restaurants, cafes and entertainment options.
- JBR Beach: A public beach located along The Walk at Jumeirah Beach Residence that offers a sandy beach, clear water, lifeguards, showers, changing rooms, sunbeds, umbrellas and water sports. It also features shops, restaurants, cafes and entertainment options.
Which Malls Are Located Near Business Bay?
Business Bay is close to some of the best malls in Dubai that offer shopping, dining and entertainment to its residents and visitors. Some of them are:
- The Dubai Mall: The largest mall in the world that features over 1,200 stores, a cinema, an aquarium, a VR park and more.
- The Dubai Mall Zabeel: An extension of The Dubai Mall that offers more shopping, dining and entertainment options.
- Dubai Festival City Mall: A waterfront mall that features over 400 stores, a cinema, an IMAGINE show and more.
- Mercato Mall: A Mediterranean-themed mall that features over 140 stores, a cinema, a fun city and more.
- City Walk: An urban lifestyle destination that features over 300 stores, a cinema, a hub zero and more.
Which Churches, Temples And Mosques Are Located Near Business Bay?
Business Bay is close to some of the places of worship in Dubai that cater to the religious and spiritual needs of its residents and visitors. Some of them are:
- St. Mary’s Catholic Church: A Catholic church located in Oud Metha that offers masses, prayers, sacraments and community services.
- Gurunanak Darbar Sikh Temple: A Sikh temple located in Jebel Ali that offers prayers, langar, kirtan and community services.
- Shiva Temple: A Hindu temple located in Bur Dubai that offers prayers, rituals, festivals and community services.
- Masjid Al Farooq Omar Bin Al Khattab: A mosque located in Umm Suqeim that offers prayers, lectures, classes and community services.
- The Blue Mosque: A mosque located in Al Safa that offers prayers, lectures, classes and community services.
How Is The Rental Market In Business Bay?
The rental market in Business Bay is one of the most popular and competitive markets in Dubai. It offers a range of properties for rent, such as apartments, penthouses, hotel apartments and hotels, that cater to different segments of the population.
Rental Trends Of Business Bay
According to Bayut & dubizzle’s rental report for Dubai H1 2022, Business Bay is one of the popular areas for renting affordable apartments. The table below shows the rental trends for different types of apartments in Business Bay:
| Type | Average Annual Rent (AED) |
|---|---|
| Studio | 50,000 |
| 1-Bedroom | 70,000 |
| 2-Bedroom | 110,000 |
| 3-Bedroom | 170,000 |
| 4-Bedroom | 300,000 |
How Is The House Sale Market In Business Bay?
The house sale market in Business Bay is one of the most dynamic and sought-after markets in Dubai. It offers a range of properties for sale, such as apartments, penthouses, hotel apartments and hotels, that cater to different segments of the population.
House Sale Trends Of Business Bay
According to Bayut & dubizzle’s sales report for Dubai H1 2022, Business Bay is one of the popular areas for buying affordable apartments. The table below shows the house sale trends for different types of apartments in Business Bay:
| Type | Average Price (AED) |
|---|---|
| Studio | 800,000 |
| 1-Bedroom | 1,200,000 |
| 2-Bedroom | 2,000,000 |
| 3-Bedroom | 3,500,000 |
| 4-Bedroom | 6,500,000 |
What Are Other Area’s Or Communities That Are Comparable To Business Bay?
If you are looking for other area’s or communites or want to research different options for investing in real estate, we have plenty more guides to read through. Other interesting area’s that are you can compare against Business Bay:
- Invest In Property In Motor City
- Invest In Property In Ras Al Khor
- Invest In Property In Arabian Ranches
Frequently Asked Questions About Business Bay
Below are answers to some of the most frequently asked questions about offplan investments in Business Bay:
How Expensive Is Real Estate Investing In Business Bay?
Real estate investing in Business Bay is not very expensive compared to other areas in Dubai, as it offers affordable prices for off-plan and ready properties.
According to Bayut & dubizzle’s sales report for Dubai H1 2022, the average price per square foot for apartments in Business Bay was AED 1,300, which was lower than the Dubai average of AED 1,400.
How Popular Is Real Estate Investing In Business Bay?
Real estate investing in Business Bay is very popular among local and foreign investors who want to benefit from the high demand, high returns, high appreciation and high occupancy of the area.
Business Bay offers a range of properties, such as apartments, penthouses, hotel apartments and hotels, that suit different budgets and preferences.
Business Bay also offers a luxurious lifestyle, a prime location and a vibrant community that attract many buyers and renters.
What Are The Latest Off-Plan Property Launches In Business Bay?
Some of the latest off-plan property launches in Business Bay are:
1. Urban Oasis by Dar Al-Arkan: A residential tower that offers studio, one-bedroom and two-bedroom apartments with views of the Dubai Canal and the Burj Khalifa. It also offers amenities such as a pool, a gym, a spa and a lounge.
2. Dorchester Collection by Omniyat: A luxury hotel and residences that offer one-bedroom, two-bedroom, three-bedroom and four-bedroom apartments and penthouses with views of the Dubai Canal and the Burj Khalifa. It also offers amenities such as a pool, a gym, a spa and a restaurant.
3. MAG 318 by MAG Lifestyle Development: A residential tower that offers studio, one-bedroom and two-bedroom apartments with views of the Burj Khalifa and the Dubai Water Canal. It also offers amenities such as a pool, a gym, a spa and a garden.
4. SLS Dubai Hotel & Residences by World of Wonders Real Estate Development: A hotel and residences that offer studio, one-bedroom and two-bedroom apartments and penthouses with views of the Burj Khalifa and the Dubai Creek. It also offers amenities such as a pool, a gym, a spa and a restaurant.
5. The Pad by Omniyat: A residential tower that resembles an iPod that offers studio, one-bedroom and two-bedroom apartments with views of the Burj Khalifa and the Dubai Creek. It also offers amenities such as a pool, a gym, a spa and a lounge.
- Sobha Properties - September 14, 2023
- Expo City Dubai - September 14, 2023
- Select Group - September 11, 2023
