All About Investing in Property in Business Bay
Business Bay is considered as one of the “coolest neighborhoods” in Dubai. It won’t be wrong to say that it has risen out of the shadows of Downtown Dubai to become one of the prime locations in the city. Business bay is known for its canal-side location, excellent transportation system, and modern business and leisure facilities. Business Bay’s international popularity and stature has grown exponentially ever since it started getting featured on world renowned websites such as Lonely Planet, where it was listed as one of the 10 coolest neighborhoods in the world to visit. In that list, Business Bay was right alongside other famous spots such as New York City’s Sunset Park, Seoul’s Seongsu-dong, and Rio’s Botafogo.
What makes Business Bay ideal for real estate investors?
Location is one of the most important factors investors focus on when choosing commercial or residential real estate. With the help of investment advisors and real estate agents, investors spend days and weeks in research to narrow down the perfect location. The reason is simple – location translates into profitability. It creates the desire to purchase, which in turn, creates demand. That cycle causes real estate prices in a particular location to rise. Whether you are looking to buy or rent a property, it is crucial that you choose a location that aligns perfectly with your objective. Being one of the prime locations in Dubai, Business Bay possesses a host of great qualities.
It is intersected by Dubai Canal, and to the north, it is bordered by the dazzling Downtown Dubai. There is also a 12 kilometer long promenade that is ideal for strolling. Business Bay is expected to become more beautiful and exciting in the coming years as more playgrounds, parks, cafes, hotels, boutiques, and marinas open up along the canal. As you move further away from the water, you can find the community’s beating heart in Bay Avenue, where you will find a pleasant park, casual restaurants, and a weekly farmers’ market, which operates during the cooler months.
Thanks to its central location, Business Bay is only a ten-minute short drive away from Dubai International Airport, and you can reach Downtown Dubai from here in even less time. Being close to some of Dubai’s most popular leisure attractions and business hubs, Business Bay has quickly become a favored spot among the city’s foreign investors and visitors. District 2020, where this year’s much awaited Expo 2020 will be held, is only half an hour away by car. Dubai’s second international airport, Al Maktoum International, is also 30-minute car ride away.
Prominent real estate projects in Business Bay
Whether you are planning to invest in a residential property or commercial real estate in Dubai, Business Bay is an ideal location. You will find numerous great building projects here, and exciting new developments are always taking place. Some of Dubai’s and the world’s most well-known property developers have chosen Business Bay for their projects. Here are a few of these prominent projects that you should check out when investing.
Merano Towers is a condominium complex located in Business Bay, Dubai. It was developed by DAMAC Properties, one of the most established property development companies in the UAE. The building’s strategic location offers a direct access to the city’s financial district, which is a crucial area for investors. The residential building has two highways and two metro stations surrounding it, which means you get excellent connectivity to the other parts of city. The proposed extension of the Dubai Creek will also facilitate connectivity to Burj Al Arab.
A few crucial details:
The 24 storey condominium complex offers 1 BHK, 2 BHK, and 3 BHK and studio apartments. The community has access to shopping malls, luxury hotels, and restaurants. The size of the apartments range from 328 square feet to 1443 square feet, and prices start from AED611,000. The building is close to Sheikh Zayed Road, which offers it great connectivity to important parts of the city. For instance:
- The Dubai Mall is 6 minutes away
- Jumeirah Beach is 9 minutes away
- Dubai International Airport is 13 minutes away
- Burj Khalifa is 6 minutes away
When a developer of such high repute builds a property, they pay special attention to the added amenities. The Merano Towers offers a number of great amenities including gyms, luxury spas, and ample parking space. The building has an elegant lobby with 24-hour desk service, high-end security, manicured gardens, 18 hole golf course, and state of the art clubs that make this one of the most sought after residential properties in Business Bay.
The property also gives you access to lavish spa centers, boutiques, international schools from nursery to high school level, shopping malls, restaurants, supermarkets, gyms and health clubs, play areas, cycling and racing tracks among so many others. The living conditions have been well thought out, keeping the ultimate comfort of the residents in mind. The kitchens have fitted cabinets, stone counter tops, and ceramic tiles, the walls are plastered and painted, and there are efficient connection points for TV, phone, and other electronics.
Damac Zada Residences
Another newly launched project that is currently under construction is called Damac Zada Residences. This residential building is going to offer 1 BHK flats that are between 479 square feet and 529 square feet in size. As the name suggests, DAMAC Properties is the developer behind this project. If you are looking for a convenient and luxurious residential property, the Zada Tower would offer you the same. The property prices start from AED699,999.
Getting one or more properties in the Zada Tower can be highly beneficial for an investor. The location alone gives you an added advantage. Furthermore, if you are looking for affordable yet luxurious apartments in Business Bay, this will be an ideal choice. The tower is situated close to most of the major spots in Dubai. For example:
- Burj Khalifa is 5.4Kms away
- Al Fahidi Fort is 12.2Kms
- The Dubai Mall is 4.9 km away
- Union Station is 13.7Kms away
- Ski Dubai is 14.6Kms
Being a project of DAMAC Properties, the Zada Towers is expected to provide world-class amenities. The building itself will feature all the basic amenities such as 24×7 Security, Kids’ Play Areas, sand pits, Power Backup, and lifts. There would also be additional amenities such as party hall, multiplex, gyms and so on.
DPG Bellevue is a high rise project that is currently under construction. A project of Dubai Properties Group LLC, the building is located close to Downtown Dubai. It will offer apartments and lofts ranging from 1 BHK, and 2 BHK to 3 BHK. The upper floors of this high rise are expected to offer stunning views of the surrounding area. The properties will range in size with the smallest being 1296 square feet to the largest being 1794 square feet. Property prices will start from AED2,230,000. The developers are offering some exciting payment plans for the off-plan units.
The high-rise is situated only a few kilometers away from the J W Marriott Marquis Hotel, which stands next to Dubai Creek Harbor. The building is also close to Holiday Inn Express Dubai-Safa Park. You can find Taj Dubai and Oberoi Dubai on either sides of the high-rise. Some of the other notable landmarks around the building include Burlington Tower, Vision Tower, and Fitness First Business Bay Dubai. The area also has a number of commercial buildings such as Paris Group International, Kaplan Genesis, and Wade Adams Group. Even the developers have their offices here.
Such a lavish high-rise building is sure to offer all the amenities that will support and elevate the lifestyle of the residents. When choosing amenities, the developers have given special focus on the security, health and wellness of the residents. Aside from 24×7 security and front desk service in the lobby, the building will also include gyms, sports options, and swimming pool. Some of the key features of this building project include:
- Thoughtfully designed spaces
- Strategic location in the heart of Dubai’s business hub
- Surrounded by renowned structures
- Near other commercial and residential properties
- Designed to offer a great combination of comfort and luxury
RiseUp – your guide to investing in Business Bay
As you may have understood by now, Business Bay is one of Dubai’s prime real estate hot spots. Some of the best and most renowned developers in the Emirates have understood the worth of this location and chosen it for their projects. As a real estate investor, you might benefit greatly from getting a residential or commercial property in Business Bay. However, whether you are looking to buy or rent, you would need some guidance in finding the right property for your needs. RiseUp, one of the leading real estate companies in Dubai, is here to provide you with the assistance you need. To know more about how we can help you choose a property and finalize a deal, give us a call or drop us an email with your query.