Business Bay is one of the most developed and sought-after areas of Dubai. The very name of the community speaks of its main purpose: the business sphere plays a key role here. The community harmoniously combines 297 buildings both commercial and residential real estate.
Construction of Business Bay began in 2003 by Dubai Properties Group. The area of the district is about 6 square kilometers, and is near to the central part of the city, and next to the Dubai Canal. The construction was based on the commercial purpose of the area, and today it is compared with Manhattan in New York. The office space here meets the most demanding requirements for equipment and convenience. Many international companies, have chosen this region of the UAE to extend their business. Therefore, the real estate in Business Bay belongs to the elite.
ROI IN BUSINESS BAY
The return on investment when renting out a flat for a year can be indicated in the following percentage
ratio:
• The profitability of a studio is up to 6%.
• The ROI of 1-bedroom flats is 5.8%.
• The return on investment for 2-bedroom apartments is 5.1%.
The larger the number of rooms the apartment has, the lower the income index for the total cost of housing. For 5-bedroom apartments, the index drops to 3.9%. At the same time, the liquidity of any property is high enough to not have to worry about the return on investment.
AMENITIES IN BUSINESS BAY
The community has everything necessary. There are a lot of top hotels in Business Bay and residential complexes where you can buy or rent housing. The shops offer a wide range of products, entertainment, sports complexes, swimming pools, restaurants, and cafes.
LOCATION BENEFITS
Al Khail Road : 1 min
Dubai Mall : 10 min
Downtown Dubai : 10 min
Seikh Zayed Road : 1 min
Dubai International Airport : 16 min
Jumeirah Beach : 15 min
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