With a skyline laced with gorgeous commercial and residential skyscrapers and posh hotels, Business Bay is a thriving mixed-use neighborhood in the city. Owning its proximity to Downtown Dubai, there are many swanky prospects for investors, as opposed to the other developments.
Another factor why the flats in Business Bay are so demanding is due to the unlimited variety. If you wish to invest in this mega-development, below is a list of the most famous residential buildings containing apartments for sale in Business Bay.
Why Should You Purchase Apartments in Business Bay?
The luxury business bay apartments for sale are famous due to their prestigious address and seamless connectivity to prominent areas, like World Trade Center, Downtown Dubai, and Dubai Design District. Moreover, public transportation links in Business Bay are properly balanced. Those relying on this mode of transportation can either choose Dubai Metro or buses.
When it comes to investors, flock to the apartments for sale in Business Bay due to the lucrative ROI. Matter of fact, the yields have been stable and consistent for a long time. This translates to a strong investment opportunity.
Another perk is that you can discover apartments in different configurations varying from compact studios to commodious 4-bedroom units. Those hunting for bigger and more luxurious spaces can consider penthouses or duplexes for sale in Business Bay.
The 5 Popular Buildings in Business Bay
While residing in this eclectic neighborhood, you won’t be disappointed by the plethora of trendy restaurants, high-end hotels, and chic lounges. Also making its way to the buzzing district is Dubai Canal.
Ahead, you will learn about the most demanding buildings offering apartments for sale in Business Bay.
1. Executive Towers
The majestic Executive Towers complex is the first choice for investing in apartments. It’s a 12-tower complex situated near Metro Station with tons of perks. The variety of apartments ranges from chic studios to commodious units. Moreover, there is a small selection of upscale podium villas.
This prestigious complex is also home to Bay Avenue Mall where one can find pharmacies, supermarkets, salons, restaurants, and nurseries. Plus, Bay Avenue Park is present across the building and is a good business hub in Dubai. The lucky residents will enjoy a gym and swimming pool.
The configuration of apartments here is also diverse. Its enviable address means that it is close to Downtown Dubai. Boasting an ROI of 5.1%, the apartments are a safe bet, as an investment and a future residence.
The starting cost of a studio apartment in Executive Towers is AED 725k. If you want to invest in a single-bedroom apartment, you will have to pay AED 1 million, and for a double-bedroom unit, the price jumps to AED 1.7 million. Finally, a triple-bedroom apartment will cost you AED 2.5 million.
2. Al Habtoor City
This neighborhood is also making headlines in the real estate market of Business Bay. A venture by Al Habtoor Group, three types of properties are present here – hotels, recreation, and residential. If you’re hunting for apartments in Business Bay, the three posh towers of Al Habtoor City are a great choice – Meera, Noora, and Amna.
Occupants can enjoy a multitude of perks, such as shared gardens, a tennis academy, and a clubhouse. Moreover, the leisure pool deck is a stellar feature. Residents can explore boutiques, cafes, retail stores, restaurants, health clubs, and other entertainment centers in the vicinity. Not to mention that La Perle, a promising arts theater, is very close.
When it comes to the basic price, a single bedroom apartment for sale is priced at AED 1 million, while a double bedroom apartment has a sale price of AED 1.8 million. If you want a spacious unit, you can consider purchasing a triple bedroom unit for AED 2.7 million. The estimated ROI on apartments is 5.4%.
3. DAMAC Towers by Paramount Hotels & Resorts
This is a Hollywood-inspired establishment, which is very demanding in Business Bay. The venture boasts four towers, each consisting of 68 floors. Three towers display 1,200 residential flats, whereas the fourth one is a hotel offering 800 upscale rooms.
All the towers are linked through a multi-level plaza where one can find restaurants, bars, a playground, swimming pools, a screening room, and a fitness center. Various types of apartments are available, which means you can have your desired floor plan.
On average, the sale price of a studio unit is AED 734k, whereas a single-bedroom apartment is sold at AED 1 million. The bigger double bedroom apartments have a sale price of AED 1.8 million, and the largest triple bedroom apartment costs AED 2.6 million.
4. U-Bora Towers
Next on our list is U-Bora Towers. This is another building complex consisting of two towers, one of which is composed of 58 floors, and the other shows 20 floors. The superior architecture makes the venture appealing.
When it comes to amenities, inhabitants can take advantage of terraced gardens, a restaurant pavilion, a rooftop event space, a 5-floor atrium, swimming pools, playgrounds, and a gym.
The potential buyers will be happy to know that the flats in U-Bora Towers generate an ROI of 5.5%. Interested folks can own a single-bedroom apartment for AED 1 million. Alternatively, a double bedroom unit costs AED 1.6 million.
5. Millennium Binghatti Residences
This is the last mention on our list of famous buildings in Business Bay to buy apartments. The residential tower of Millennium Binghatti Residences showcases 230 units, all with a posh lifestyle. It is situated opposite the Dubai Water Canal, which means your view from the window is bound to be unmatched.
The variety of amenities includes a swimming pool, jacuzzi, a manicured garden, a health club, a prayer hall, and parking space. Moreover, inhabitants can shop from 4 retail outlets present inside the tower.
In order to gain a general feel of the commodious apartments, you should have a look at the floor plans of Millennium Binghatti Residences. And you should know that the ROI of flats here stands at 6.12%.
In order to purchase a studio in this establishment, you need to pay a minimum of AED 670k. The average sale costs of 1 to 2 bedroom apartments are AED 1 million and AED 1.7 million.
Which other buildings in Business Bay are impressive for buying apartments?
Other prominent buildings include Churchill Residence, Capital Bay Towers, and Ontario Tower.
Is there a metro station in Business Bay?
Yes, there is a metro station in the heart of Business Bay that commutes to the important parts of Dubai.