Considered the central business district of Dubai, Business Bay is a bustling area where as its name suggests, business flows like water. It is the heart of all things commercial in Dubai and is the hub of fast paced business activity. Situated close to other commercial, financial and retail hubs of Dubai like Financial Centre, World Trade Centre and Downtown Dubai, it attracts professionals from all around the world who want to build a thriving career.
Dominated by towering skyscrapers housing the corporate offices of some of the biggest companies in the region, it also has fantastic residential complexes that feature upscale apartments of different varieties. Those looking to rent an apartment in Business Bay can choose from studio, 1, 2, 3 and 4 bedroom types. Renters can be sure to see sleek, modern design and urban practicality in the construction of these flats.
With so many workspaces clustered in one area, Business Bay is generally always densely populated by professionals walking about and gathering at the many cafes, restaurants and supermarkets found at the base of most buildings. The close proximity of the Business Bay metro station enables many professionals who don't drive to easily come to work. Naturally, it is one of the most sought after areas to live in, especially by those who either work here or are constantly moving in and out of the area for the same.
The primary artery of Dubai, the Sheikh Zayed Road, directly connects Business Bay to all parts of the city, including entertainment and nightlife hotspots like Marina, JBR and Downtown. In the immediate vicinity, Bay Avenue, a two storey retail promenade that also features restaurants, cafes, pharmacies and a supermarket, takes care of immediate needs. The complex is surrounded by benches and green landscaping where employees of nearby offices come to take a break. It services those living and working in the area.
Business Bay is the ideal location if you want to live a chic city life with busy days and vibrant nights. It is the best place to live and work in and offers the promise of a balanced lifestyle for all.
Recently sold properties
Sold
AED 2,900,000
Golf Veduta A, Golf Veduta Hotel Apartments, DAMAC Hills
2 Beds3 Baths1,856 sq ft
Reserved
AED 1,240,000
Peninsula Four, Peninsula, Business Bay
1 Beds2 Baths863 sq ft
Sold
AED 2,000,000
Building A, Al Zeina, Al Raha Beach
1 Beds1 Baths1,065 sq ft
Sold
AED 1,735,000
Orra Marina, Dubai Marina
1 Beds2 Baths910 sq ft
Sold
AED 2,900,000
Golf Veduta A, Golf Veduta Hotel Apartments, DAMAC Hills
2 Beds3 Baths1,856 sq ft
Frequently Asked Questions
Everything you need to know about mortgage services.
Yes, foreigners can buy property in designated freehold areas in the UAE. These areas include popular locations like Dubai Marina, Downtown Dubai, Palm Jumeirah, and many others. Foreign buyers receive the same ownership rights as UAE nationals in these areas.
Yes, in freehold areas, foreign buyers can own 100% of the property. This includes both the property and the land it sits on. However, in leasehold areas, you would own the property but lease the land for a specified period, typically 99 years.
The best approach is to work with a licensed real estate agent, conduct thorough due diligence, secure pre-approved financing if needed, and ensure all legal documentation is properly reviewed. It's also advisable to visit the property in person and understand the local market conditions.
Yes, property buyers can obtain UAE residency through various visa programs. Properties worth AED 2 million or more may qualify for a 10-year Golden Visa, while properties worth AED 750,000 or more may qualify for a 5-year residency visa, subject to meeting other criteria.
The UAE property market offers many advantages including no property taxes, strong rental yields, strategic location, and robust infrastructure. However, like any investment, it's important to research the market, understand your financial goals, and consider factors like location, developer reputation, and market trends.
There's no official minimum salary requirement, but banks typically require a minimum monthly income of AED 15,000-20,000 for mortgage approval. The debt-to-income ratio should not exceed 50% of your gross monthly income, and you'll need a down payment of at least 20-25% of the property value.
Yes, you can qualify for a Golden Visa by purchasing property worth AED 2 million or more. This provides a 10-year renewable residency visa. There are also 5-year visa options for properties worth AED 750,000 or more, subject to meeting additional criteria and maintaining the investment.
The UAE property market can be profitable, with rental yields typically ranging from 4-8% annually. Factors affecting profitability include location, property type, market timing, and rental demand. Dubai and Abu Dhabi have shown strong capital appreciation over the long term, but it's important to research specific areas and market conditions.
Frequently Asked Questions
Everything you need to know about mortgage services.
Yes, foreigners can buy property in designated freehold areas in the UAE. These areas include popular locations like Dubai Marina, Downtown Dubai, Palm Jumeirah, and many others. Foreign buyers receive the same ownership rights as UAE nationals in these areas.
Yes, in freehold areas, foreign buyers can own 100% of the property. This includes both the property and the land it sits on. However, in leasehold areas, you would own the property but lease the land for a specified period, typically 99 years.
The best approach is to work with a licensed real estate agent, conduct thorough due diligence, secure pre-approved financing if needed, and ensure all legal documentation is properly reviewed. It's also advisable to visit the property in person and understand the local market conditions.
Yes, property buyers can obtain UAE residency through various visa programs. Properties worth AED 2 million or more may qualify for a 10-year Golden Visa, while properties worth AED 750,000 or more may qualify for a 5-year residency visa, subject to meeting other criteria.
The UAE property market offers many advantages including no property taxes, strong rental yields, strategic location, and robust infrastructure. However, like any investment, it's important to research the market, understand your financial goals, and consider factors like location, developer reputation, and market trends.
There's no official minimum salary requirement, but banks typically require a minimum monthly income of AED 15,000-20,000 for mortgage approval. The debt-to-income ratio should not exceed 50% of your gross monthly income, and you'll need a down payment of at least 20-25% of the property value.
Yes, you can qualify for a Golden Visa by purchasing property worth AED 2 million or more. This provides a 10-year renewable residency visa. There are also 5-year visa options for properties worth AED 750,000 or more, subject to meeting additional criteria and maintaining the investment.
The UAE property market can be profitable, with rental yields typically ranging from 4-8% annually. Factors affecting profitability include location, property type, market timing, and rental demand. Dubai and Abu Dhabi have shown strong capital appreciation over the long term, but it's important to research specific areas and market conditions.
