Business Bay is quickly emerging as one of the most desirable places in Dubai to own property. Thanks to the focused development within the area over the past number of years, and now reinforced by the exciting plans being put in place for the future, it is set to become a place to be for generations to come.
To understand why investing in property either for personal use, or with the intention of renting on a short- or long-term basis, is a shrewd move here are 7 major reasons why Business Bay will quickly become the next place to be seen.
Owning a property that is on the doorstep of Downtown presents a great opportunity to both potential homeowners and savvy investors alike. Downtown is home to many of the most popular attractions in the city, such as Dubai Mall, Dubai Mall Fountains, Burj Khalifa, The Museum of the Future, City Walk and Dubai Opera. Having a foothold within touching distance of all of these locations will appeal to long-term residents and short-term letters in equal measure.
Business Bay offers some stunning, direct views of the Downtown skyline. A skyline which includes the tallest building in the world – The Burj Khalifa, as well another iconic structure The Dubai Frame. The New Year’s Eve firework show at the Burj Khalifa attracts thousands of visitors every year and is a spectacle not to be missed. Owning a property with direct visibility over this event will have you front and center for one of the most highly anticipated extravaganzas each and every year. Furthermore, Dubai Creek Tower, which is slated to surpass the Burj Khalifa as the world’s tallest building, is situated in such a spot that depending on where you live in Business Bay, you will have a direct sight line of one, if not both, of these spectacular buildings.
As the name suggests Business Bay is an area of Dubai that places a large focus on the working professional. It is within touching distances of several prime, modern, professional economic hubs. Business Bay itself, Dubai International Financial Centre (DIFC), Dubai Healthcare City and the Dubai World Trade Centre (DWTC) are all areas in Dubai that a multitude of professionals travel to every day. Part of the recently announced Dubai 2040 Master Urban Plan is to further reinforce DIFC and Business Bay as the epicenter of all things financial within the city. With an expanding workforce set to descend on the area in the coming years, the need for high quality and suitable living will continue to grow in spates. This will make establishing a foot on the property market in Business Bay before it takes off an essential step for smart investors.
Business Bay is surrounded by a plethora of social hot spots in the form of world-renowned restaurants and night life venues, such as The Maine Brasserie, Boca, Bombay Brasserie, Armani Ristorante, Nusr-Et Steakhouse, Zuma and Gaia amongst others. The city’s thriving art and culture hub, Dubai Design District (D3) is located nearby, and attracts art and fashion enthusiasts from around the world with its wide range of art galleries, fashion showrooms and local cafes and eateries. While Meydan puts Dubai in the spotlight with the annual Dubai World Cup horse racing event. An event which draws the attention of millions of sports and fashion enthusiasts from around the world.
While Business Bay is located in a more modernised and upcoming part of Dubai, it is within touching distance the historical focal point of the city. Bur Dubai and Deira are situated just across Dubai Creek, where the traditional heart of the city is overflowing with numerous cultural and historical attractions that appeal to residents and tourists equally. It is home the Al Fahidi Historical neighborhood which offers an insight into Dubai’s past. There are a myriad of gold and spice souks to wander through and get lost in and a bounty of traditional Emirati restaurants to feast in. Furthermore, Ras Al Khor Wildlife Sanctuary presents an opportunity to experience a truly unique nature reserve just a 10-minute drive from the bustling city life.
The Dubai Canal is a manmade 3.2 kilometer stretch of waterway that connects Dubai Creek with the Arabian Gulf via Business bay, Safa and Jumeirah beach over a 10-kilometer stretch. The Canal boasts 5 pedestrian bridges with 3 unique architectural designs allowing easy crossing points from one side to the other. It is flanked by 12 kilometers of cycle tracks, 6 kilometers of walkways and a 3-kilometer running track to cater for families and health enthusiast in a glorious setting. The Canal also caters for marine transport, with 9 water taxi stations along the entirety of the canal, with 4 located in Business Bay itself. The water taxi presents a novel means of transport for tourists and a sustainable means of transport for environmentally conscious residents.
Ease of transport is one of the primary requirements for residents and visitors alike in Dubai, and Business Bay is one of the most well-connected areas in the city. It is accessible from Sheik Zayed Road and Al Khail road, serviced by two metro stations, a range of bus routes, water taxis with 4 stations within Business Bay itself and a mere 15 minutes from Dubai International Airport (DXB). This means there is no shortage of easy options for getting to and from a property in this part of the city at any time of the night or day.
Georges joined Select Group as Commercial Director in 2020. He has over 18 years’ experience in destination management and expert knowledge across an array of industries including hospitality, tourism and MICE. He has a deep understanding of the GCC, and the buying behavior of the international visitors to the region.