The Heart Of Dubai- Business Bay
- Saurabh Kumar
- (1)
- (1188)
- July 10, 2022
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Explores the Dynamic Heart of Dubai: Business Bay
- Dubai is the new future and post-Expo 2020, Dubai has turned into a major investment and tourism center. One of the most prominent locations in Dubai is Business Bay. Business Bay is one of the trendy residential and professional hubs in Dubai. Set amidst the gleaming waters of the Dubai Canal, it is next to the quintessential neighborhood of Downtown Dubai.
- Business Bay is quickly becoming the central business hub of Dubai, much like Manhattan in NYC, providing a myriad number of opportunities. It is a mini-metropolis brought to life and thus becomes the "Heart of Dubai."
- Winding through Business Bay is the Dubai Water Canal, a man-made channel that links Old Dubai to the Arabian Gulf. Its promenade witnesses various eateries, trendy lounges, chic restaurants, and luxury hotels. Being a hotspot in Dubai, Business Bay has a lot to offer. Over the years, Business Bayhas developed as a vital commercial and residential district in Dubai.
- Business Bay is often compared to New York City's Manhattan, one of the most coveted and prestigious places to live and work among locals and expats alike. The area is approximately 46.9 million square feet, of which 22.1% is residential and 18.5% is commercial. However, the remaining 59.4% is used for mixed purposes.
- Off-plan properties in Business Bay are considered a lucrative investment due to their prime location and high demand. As this demand draws businesses and residents to the neighborhood, buildings under construction continue to grow at a rapid pace. The area is considered the fastest-growing area in Dubai, with an annual growth rate of 5 to 7 percent.
Residential Spaces in Business Bay
Business Bay is located close to Downtown Dubai – one of the city’s most in-demand and vibrant areas. This community has everything you would look for in a modern residential district. There are various residential towers in the area, and due to its prime location, Business Bay is a popular place among property buyers. There are plenty of beautiful and spacious apartments on offer in complexes and stand-alone towers. Flats in Business Bay are usually available in studio, 1, 2, 3, and 4-bed configurations. Residences here have every modern home feature one could ask for and extensive walkways that provide enjoyable strolling opportunities.
Commercial Spaces in Business Bay
- A dynamic and ambitious neighborhood, Business Bay is located south of Dubai's downtown area. It is a great choice for anyone who takes part in bustling city life as well as for professionals who work in Dubai’s ever-popular ‘business district’. This lifestyle and centrality come with many benefits including an easy commute from either Dubai Airport, or the surrounding areas of JLT, DIFC, Downtown Dubai, and Palm Jebel Ali. Business Bay also presents options for those looking for hotels with character; several of the best luxury hotels across the globe have built future-proofed resorts here including Oberoi Hotel & Residence, The Address Dubai Mall, and Taj Hotel/Residence.
- Covering an area of over 80 million square feet, Business Bay is a home for corporate offices and residential properties. Situated directly along Dubai Creek, this area is packed with dozens of commercial buildings, residences, and some high-class waterfront residences that are just waiting for a tenant to come along.
- While there are several different kinds of properties such as studios, 1, 2, and 3-bedroom apartments, a few 4-bedroom luxury apartments, and penthouses here in the Executive Towers. One can also find a large number of pavilion villas for rent in the Executive Towers apart from the Sky Villas and the Marasi floating villas along the Dubai Canal. Popular off-plan communities to invest in Business Bay include Private Residences by Omniyat, Millennium Binghatti Residences by Binghatti Developers, Paramount Towers by DAMAC Properties, and Peninsula by Select Group.
So the next time you are looking to invest, Business Bay will be at the top of your list and Tourism Place in Dubai.
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