Business Bay

Highlights

ABOUT BUSINESS BAY DUBAI

Business Bay is a trendy mixed-use district in Dubai. Set alongside the gleaming waters of the Dubai Canal, it neighbours the city’s most happening centre, Downtown Dubai.

Business Bay Dubai spans 46.9 million sq. ft., of which 22.1% is allocated for residential projects, 18.5 % for commercial use and 59.4% is dedicated to mixed operations. This recognised destination is home to leading international and local businesses, architectural masterpieces, renowned hospitality groups, public transport links and many top-notch amenities.

According to Bayut’s H1 2023 Dubai Rental Market Report, Business Bay is one of the popular areas for renting luxury apartments.

IN A NUTSHELL

• A leading business hub in Dubai
• Features residential and commercial skyscrapers
• Located on the banks of the Dubai Canal
• Close to Burj Khalifa, The Dubai Fountain and Dubai Aquarium
• Investor-favourite due to upcoming developments and projects
• Home to the former tallest hotel in the world, JW Marriott Marquis
• Popular lifestyle destination because of several restaurants, cafes and hotels

Neighbourhood

COMMUNITY OVERVIEW

True to its name, the area is home to commercial buildings featuring high-profile offices, banks and shops. Business Bay’s fast-paced vibes attract a huge population of young professionals. Plus, proximity to Downtown Dubai, Sheikh Zayed Road and DIFC greatly adds to its appeal. Some of the region’s leading hotel chains, including Taj, Anantara and Marriott, are present in the neighbourhood.

The lifestyle at Dubai Properties Business Bay caters largely to young couples and singles, but many families also invest in apartments. With a selection of beautiful apartments, penthouses, hotel apartments and hotels, Business Bay Dubai has grown into a coveted address, eliciting an equal amount of interest from renters, buyers and tourists. The area is also close to Dubai Design District and one of the city’s oldest hotspots, Jumeirah.

Properties in Business Bay Dubai

Business Bay area enjoys a prime location in the city, featuring apartments and penthouses. Many Business Bay buildings make up Dubai’s iconic skyline. Apartments in Business Bay are available as studios, 1, 2 and 3-bedroom apartments and 4-bedroom luxury apartments and penthouses.

4-bedroom penthouses in Business Bay span 6,600 sq. ft. to 7,341 sq. ft. You can also find duplexes with four spacious bedrooms, a maid’s room, five to six bathrooms, floor-to-ceiling windows, open and fully fitted kitchen, a comfortable living and dining space, a storage room, a study room and parking spaces. These penthouses have a huge terrace with a private pool.

Dubai Properties Business Bay is also home to several hotel apartments in studio to 3-bedroom layouts. These units comprise bedrooms with bathrooms, a spacious living area, a well-equipped kitchen, a separate sitting area, floor-to-ceiling windows and a large/balcony terrace

There are a few pavilion villas for rent in the Executive Towers apart from the Sky Villas and the Marasi floating villas along the Dubai Canal.

Commercial buildings in Business Bay Dubai

Popular commercial buildings in Business Bay include The Binary, Clover Bay Tower, The Prism, Tamani Arts Offices, The Citadel, Bayswater Tower, Iris Bay, The Exchange Business Bay and Metropolis Tower.

The Binary by Omniyat features five connected podium levels and 21-storey and 24-storey buildings above ground. The project also has three basements, a ground floor and 15 retail units on the ground floor.

Bayswater by Omniyat has 293 offices. The Citadel by Deyaar is a 48-storey commercial tower offering 406 offices.

UPCOMING PROJECTS IN BUSINESS BAY

Popular off-plan developments to invest in Business Bay include Peninsula by Select Group, Safa Two by DAMAC Properties, Chic Tower by DAMAC, Regalia by Deyaar, The Paragon by IGO and Jumeirah Living Business Bay.

RENTAL TRENDS IN BUSINESS BAY

Popular buildings to rent apartments in Business Bay have a variety of amenities for tenants, such as well-equipped gyms, swimming pools, children’s play areas, covered parking and retail areas.

The rents for studios in Business Bay range between AED 44k and AED 160k. You can rent 1-bedroom apartments in Business Bay for AED 59k to AED 235k yearly. A 2-bedroom flat for rent in Business Bay is available for AED 80k to AED 435k.

Tenants looking for larger residential units can opt for 3 or 4-bed flats. 3-bedroom flats for rent in Business Bay start at AED 109k yearly and go up to AED 380k yearly. The rents for 4-bed apartments in Business Bay is between AED 244k and AED 550k.

Hotel apartments for rent in Business Bay residential area come in studio to 3-bedroom configurations. Studio hotel apartments for rent in Business Bay start from as low as AED 105k and go up to AED 120k yearly. For renting 1-bed hotel apartments in Business Bay, expect to pay AED 90k to AED 205k yearly.

The annual rents for 2-bed hotel apartments in Business Bay range between AED 140k and AED 380k. For more spacious units, guests can find 3-bedroom hotel apartments for rent in Business Bay. The prices range between AED 160k and AED 300k.

Penthouses for rent in Business Bay residential area comes in 4-bedroom layouts. The rental price for 4-bed penthouses in Business Bay range from AED 369k to AED 1.62M. Interested renters can consider options in Executive Towers and SAAS Tower.

There are a few villas for rent in Business Bay. For renting 3-bedroom villas in Business Bay, expect to pay AED 235k yearly. The rental price for 4-bedroom villas in Business Bay is AED 288k to AED 350k yearly. There are also a few residential floors for rent in Business Bay spanning 1,354 sq. ft. to 28,500 sq. ft. The annual rental prices range from AED 105k to AED 3.6M.

As for commercial properties, there are shops and offices for rent in the district. Offices for rent in Business Bay are priced between AED 45k and AED 5.8M On the other hand, shops for rent in Business Bay can cost as low as AED 46k and as high as AED 2.9M, yearly. Popular choices for these options include Capital Golden Tower, Bay Square, The Bay Gate and Oxford Tower.

Sales trends in Business Bay Area

Many investors and homebuyers are interested in apartments for sale in Business Bay area. The sale prices for studios in Business Bay start at AED 524k and go up to AED 3M. Whereas, 1-bed flats for sale in Business Bay range from AED 618k to AED 9.5M. Buying 2-bedroom apartments in Business Bay can cost around AED 1.9M to AED 4M. Likewise, the sales prices for 3-bedroom flats in Business Bay start from AED 1.6M and go up to AED 45M. Interested investors can check out Aykon City, Al Habtoor City and Nobles Tower.

The 4-bedroom apartment for sale in Business Bay range between AED 2.85M and AED 80M. For buying a 5-bed apartment in Business Bay, expect to pay AED 26M at the minimum. A 6-bed flat for sale in Business Bay is available for AED 31M to AED 37M. Whereas, 7-bedroom flats for sale in Business Bay range from AED 20.5M to AED 750M.

Interested buyers can find hotel apartments in Business Bay Dubai as studios to 3-bedroom units. Studio hotel apartments for sale in Business Bay are priced between AED 570k to AED 1.65M. The 1-bed hotel apartments for sale in Business Bay cost between AED 760k and AED 3.49M. Those interested in long-term stay in the city can consider 2-bed hotel apartments for sale in Business Bay. The prices range starts from AED 2M. Also, the sale price for 3-bed hotel apartments in Business Bay is AED 3.1M at the lowest.

Several penthouses in Business Bay area are available in 2 to 5-bedroom configurations. You can buy 2-bedroom penthouses in Business Bay for AED 20M and 3-bed penthouses for sale in Business Bay for AED 23M. Some considerable options for these units include Bugatti Residences by Binghatti and Volante Tower.

Furthermore, a 4-bedroom penthouse for sale in Business Bay is priced as low as AED 5.6M and as high as AED 210M. The sale price of 5-bed penthouses in Business Bay is AED 7.4M to AED 300M. Spacious 6-bed penthouses for sale in Business Bay are priced between AED 20M and AED 350. Investors can also buy 7-bed penthouses for sale in Business Bay for AED 25M to AED 750M. Likewise, the expected price range for buying 8-bed+ penthouse in Business Bay is AED 650M to AED 750M.

Spacious villas are available for sale in Business Bay Dubai. The properties are available as 2 to 4-bed units. A 2-bed villa for sale in Business Bay can cost AED 2M. 3-bed villas for sale in Business Bay are priced between AED 2.9M to AED 22.9M. The sale price of a 4-bed villa in Business Bay ranges between AED 4.18M and AED 22.7M.

Townhouses for sale in Business Bay are available as 2 to 4-bedroom units. 2-bed houses for sale in Business Bay cost around AED 1.4M. Those looking for 3-bed townhouses for sale in Business Bay must pay AED 3.9M. The sale price for 4-bed townhouses in Business Bay range from AED 5.48M to AED 14.8M.

Investors can also find residential plots for sale in Business Bay for AED 48M to AED 334M. Similarly, residential floors for sale in Business Bay cost AED 8.1M to AED 77.9M. Residential buildings for sale in Business Bay are priced from AED 165M to AED 360M.

Investors willing to invest in commercial properties can find shops and offices for sale in Business Bay Dubai.

You can buy an office in Business Bay for AED 359k to AED 60M. A retail shop for sale in Business Bay is priced between AED 529k and AED 35M. The sale price for bulk units in Business Bay ranges from AED 9.5M and goes up to AED 36.6M.

There are few commercial plots for sale in Business Bay for as low as AED 48M. The sale price for commercial floors in Business Bay is between AED 7.2M and AED 60M. Many commercial buildings for sale in Business Bay have prices between AED 430M and AED 750M.

ROI IN BUSINESS BAY DUBAI

The highest ROI for apartments in Business Bay is 6.71%, offered by studio units. 1-bed flats follow next with a 5.68% return, while 2-bed flats have an ROI of 5.51%. The 3-bed flats have an ROI of 4.88%. 4-bed flats in the neighbourhood generate a 3.13% ROI.

Investors interested in buying villas must note that 2-bed houses generated 8.86% returns. If investing in 3 and 4-bedroom houses, the ROI will be 1.72% and 5.41%, respectively.

MOST POPULAR BUILDINGS IN BUSINESS BAY

The most popular buildings in Business Bay area include SLS Dubai Hotel & Residences, Executive Towers, Bayz by Danube, towers in Al Habtoor City and DAMAC Towers by Paramount Hotels and Resorts. These are also the most popular buildings to buy apartments in Business Bay.

SLS Dubai Hotel & Residences is a 75-floor, high-rise building. The residential zone has 371 units, the middle zone has 321 hotel apartments and the upper levels have 254 hotel rooms. Floors 69 to 75 are collectively called ‘The Crown’.

Executive Towers was one of the first complexes in the area featuring 12 buildings. With a mix of commercial and residential properties, Executive Towers is one of the popular residential towers to rent flats in Business Bay.

Bayz by Danube is another popular residential building with studio to 3-bedroom units.

Al Habtoor City is a project of Al Habtoor Group. This multi-million project is home to three 5-star hotels, three residential towers, a variety of leisure facilities, signature restaurants and cafes.

DAMAC Towers by Paramount Hotels & Resorts is a four-tower complex standing tall in Business Bay. The three residential buildings feature 1,200 residential apartments, while the fourth building houses the Paramount Hotel with 800 luxurious rooms.

BUSINESS BAY FLOOR PLANS

Those looking for Business Bay floor plans can browse the 2D and 3D floor plans available for popular communities/buildings in Business Bay.

HOTELS IN BUSINESS BAY DUBAI

Hotels in Business Bay are luxurious retreats in proximity to the many tourist attractions in Downtown Dubai. The best hotels in Business Bay include:

• JW Marriott Marquis Hotel
• Steigenberger Hotel
• Radisson Blu Hotel Waterfront
• Taj Dubai
• Doubletree by Hilton Dubai Business Bay

JW Marriott Marquis Hotel Dubai is the second tallest hotel in the world. This twin-towered hotel has 82 floors and is home to 1608 luxury accommodations, including beautifully designed guest rooms and suites. Travellers can choose from the Deluxe, Seaview, Deluxe Corner Suite and Executive Lounge access. It offers a large 80,000 sq. ft. of space, an outdoor pool, a gym, a spa, event rooms and dining venues.

The Steigenberger Hotel is one of the most popular hotels in the area. It is a 5-star hotel located on Al Abraj Street. The 19-floor hotel also has many dining options. It is home to The Backyard, a nightlife spot that is one of the best bars in Business Bay.

Radisson Blu Hotel Waterfront is located adjacent to the Dubai Water Canal. The hotel has 432 rooms, 11 meeting rooms and 8 fine-dining restaurants and bars.

Taj Dubai offers deluxe rooms, a spa, outdoor pools, and other amenities.

Doubletree by Hilton Dubai Business Bay is a 4-star accommodation in Bay Square. It is one of the top Hilton hotels in Dubai, ideal for business travellers. It offers 10 guest rooms with different amenities.

V Hotel Dubai, Curio Collection by Hilton is another 5-star hotel. It has 33 floors dedicated to spacious guest rooms featuring bold designs. Guests can dine at the five restaurants and unwind at the lounge and poolside bar.

Transportation and Parking Spaces in Business Bay Dubai

The apartments in the area come with dedicated parking spaces. There are free public parking spots on Al A’amal Street and Al Sa’ada Street. Several private parking lots charge AED 10+ per hour.

Business Bay Dubai is well connected to two of the most-used highways in the city: Sheikh Zayed Road and Al Khail Road. There is also an exit leading directly onto Downtown Boulevard.

Public Transportation in Business Bay

Getting around the community is not a challenge at all. Dubai Metro Red Line’s Business Bay Metro Station is available for those relying on public transportation in Business Bay, along with a selection of taxis and buses.

Other metro stations near Business Bay include Burj Khalifa/ Dubai Mall Metro Station, Financial Centre Station and Emirates Towers Station.

AMENITIES, SCHOOLS AND HEALTHCARE

Those living in Business Bay will find amenities in proximity.

Supermarkets in Business Bay Area

When it comes to supermarkets in Business Bay, there are well-stocked outlets of Spinneys and Choithrams in Bay Avenue. There is also a West Zone Supermarket outlet near Mayfair Residency, Al Maya supermarket in Clover Bay Tower and several Zoom mini-marts dotted across. These are some of the best supermarkets in Dubai available within driving distance.

Churches, Temples and Mosques in Business Bay Dubai

Mosques in Business Bay include Sheikh Rashid Al Maktoum Mosque, Avenue Park Mosque and Bay Avenue Mosque. Other notable mosques near Business Bay include the beautiful Al Ghafoor Mosque, Souk Al Bahar Mosque, and the Dubai Mall Mosque in Downtown Dubai.

The closest churches are Eleutheria Community Church in Jumeirah 1 and Emirates Baptist Church International (EBCI) in Al Barsha 1. There are other churches in Umm Hurair 2, including Holy Trinity Church, The Dubai City Church and St. Mary’s Catholic Church roughly 15 minutes away.

Business Bay location isn’t far from temples in Bur Dubai. One can find Shiva and Krishna temples and ShrinathJi Temple, about 21 minutes away.

The popular Guru Nanak Darbar Gurdwara is the nearest Sikh temple from Business Bay location, 23 minutes away.

Schools near Business Bay Dubai

Parents with younger children can choose from some of the city’s best preschools, like First Path Montessori in Building 7, Bay Square, Hummingbird Nursery in Bay Avenue, Maple Bear Pre School in The Burlington Tower and Canadian Kids Nursery in Churchill Residency.

As for elementary and secondary schools near Business Bay, your options are Dubai International School, GEMS Our Own Indian School and Safa British School

Dubai International School Al Quoz follows the American curriculum and offers classes from Kindergarten to Grade 12.

Safa British School is a private co-educational school offering the England and Wales based National Curriculum until secondary stage. It is located in Al Safa 1.

GEMS Our Own Indian School is located near Manama Hyper Market, Al Meydan Road and Global Indian International School (GIIS) Dubai Campus is located near Al Manar Islamic Center, Al Meydan Road.

Another school near Business Bay is GEMS Wellington Primary School in Al Satwa, offering the UK/IB system until Year 13.

For older students, the universities part of Dubai Knowledge Park are easily reachable by both car and public transport and offer educational programs from internationally accredited institutions.

Clinics and hospitals in Business Bay Dubai

One of the best hospitals in Business Bay, Emirates Hospital Clinic in Bay Avenue, serves the community. Other options are Medcare Hospital in Safa and Emirates Hospital in Jumeirah within a short 15-minute drive away.

Nearby Areas

Business Bay’s closest neighbour is Downtown Dubai. The industrial area of Al Quoz is to its north. The neighbourhood is a short drive from DIFC, Al Safa, Jumeirah and Sheikh Zayed Road, making it a great location for the city’s professionals to rent or buy properties.

LIFESTYLE

SHOPPING, DINING AND NIGHTLIFE

As one of the most upscale locations in Dubai, Business Bay is a bustling residential, professional and commercial hub. The community has a fast-paced, vibrant lifestyle thanks to the many trendy bars, busy cafes and luxurious spas.

Malls in Business Bay Dubai

The Dubai Mall, with its impressive catalogue of fashion brands is the popular choice for shopping, however the Bay Avenue Mall in Business Bay has a good selection of diverse stores, restaurants and spas. Some renowned shops at Bay Avenue Mall include Made to Measure (M2M), Signature Studio, and Big Brands, among others.

Restaurants in Business Bay Area

The restaurants range from casual dining eateries to fine-dining outlets. Like other upscale locations in Dubai, Business Bay has a long list of interesting dining options.

Some well-known restaurants in Business Bay include Tong Thai, Izakaya, Kitchen 6, Prime 68, Miss Tess, Acai and Co., Mama’esh, Kamat, Farsi Restaurant, Tangerine and Tibba. The many dining outlets in Downtown Dubai, City Walk and DIFC are a short drive away.

When it comes to licensed bars and pubs, there is no shortage for those living in the community. Lock, Stock & Barrel Business Bay, Sports on 4, Hudson Tavern Dubai, Bay Club, Oud Lounge, Makar, Vault and The Rose & Crown are popular choices.

Beaches near Business Bay Dubai

The famous Jumeirah Beach is only 15 minutes away. While not exactly a beach near Business Bay, residents can visit the gorgeous man-made Dubai Canal, which has a spectacular boardwalk allowing you to stroll along and soak in magnificent waterfront views.

LEISURE ACTIVITIES AND NOTABLE LANDMARKS

The highlight of Business Bay is most definitely the remarkable Dubai Canal, a man-made project that highlights the free-flowing waters of the iconic Dubai Creek. The 3-km canal not only makes a pretty picture but also connects Business Bay to the older parts of Dubai through an extremely efficient water transport system.

It is already becoming one of the most exciting places to visit in Business Bay Dubai. It is being developed into a sought-after residential and lifestyle hub with some of the most prestigious projects shaping up. Notable amongst these are the Marasi floating villas, a project of villas docked on Business Bay and floating along the Dubai Canal.

La Perle by Dragone in Dubai is the first-of-its-kind resident show to be hosted anywhere in the MENA region. It is a visual masterpiece of immersive artistic performances, imagery and technology. It is the brainchild of legendary director Franco Dragone. Visitors can witness performances of talented dancers, motorbike stunt riders and acrobats.

Other events hosted by Le Perle include group bookings and exclusive La Perle shows. Offers and packages at La Perle Dubai include Kids offer, Diwali offer, UAE resident offer, dinner and show package, cruise, dinner and show. Visitors also have access to over 20 restaurants and bars like Namu, Zoco, World Cut Steakhouse and more. This venue is located at the heart of Al Habtoor City.

OUTDOOR ACTIVITIES, FITNESS AND BEAUTY

Owing to its commercial popularity and busy nature, it’s easy to imagine that there may not be too many parks in Business Bay Dubai. However, you will find Bay Avenue Park, near Spinneys in Business Bay. The pet-friendly Burj Park in Downtown Dubai is another hit destination. There are many fun things to do in Burj Park. You can go cycling and witness the Wings of Mexico and the world’s tallest performing fountain. Safa Park’s large running track is just across the road near Sheikh Zayed Road.

There is also no shortage of indoor fitness centres with a selection of gyms dotted across the area. Notable fitness centres in Business Bay are Fitness First in Vision Tower, Elevation Fitness on Al Sa’ada Street and BARE in Clover Bay Tower. Bare Dubai is one of the best gyms in Business Bay, offering full-body training sessions and workouts.

Residents can visit Rifa Beauty Salon at The One by Omniyat, Valery & Co in Executive Towers and Brushed Beauty Salon on Al Asayel Street for a quick beauty fix. For a more luxurious spa session, head to the spas in JW Marriott or Taj.

COMMUNITY EVENTS

Bay Avenue hosts farmer’s markets, music festivals and even occasion-based celebrations, including Earth Day, Mother’s Day and other events.

Dubai Properties also organises a New Year’s celebration at Bay Avenue with live broadcasts from across the world, live music and a digital countdown to welcome the year. It’s also a good vantage point to take in the celebrations in Downtown Dubai.

THINGS TO CONSIDER

Many reasons make living in Business Bay Dubai exciting. But like most areas, there are a few things to consider. Being one of the prime locations in the emirate, there are lots of traffic-related disruptions. Also, limited public parking can be an inconvenience.

FAQS ABOUT BUSINESS BAY

Where is Business Bay located?

Business Bay is one of the most recognisable areas in Dubai, located to the south of Downtown Dubai.

What is Business Bay known for?

It is one of Dubai’s central commercial, business and residential areas.

Is Business Bay a free zone area?

Yes. Business Bay is one of the strategic locations in Dubai. Many business towers in the district are home to the world’s leading companies.

What types of properties are available in Business Bay area?

Business Bay is home to residential and commercial buildings that offer simplex apartments, duplexes, penthouses, offices and retail shops.

What are the different modes of public transportation in Business Bay?

Residents can use the metro station, RTA bus routes, car rental services and taxis for an easy commute.

Location

• Downtown Dubai is an 11-minute drive by car.
• Sheikh Zayed Road is an 18-minute drive away.
• City Walk and Jumeirah are a 10-minute drive by car.
• A 15-minute drive to the Dubai International Airport.
• Dubai Marina is a 20-minute drive by car.
• Palm Jumeirah is a 21-minute drive away.