Why Property In Business Bay Dubai Is Safest Option To Buy?
As Dubai commercial property surged in Q1 2024 one of the top locations witnessed and contributed to this progress is Business Bay. With 307 deals property in Business Bay remains one of the locations that have attracted buyers. Business Bay served as the epicentre of the attention of investors also and turned out to be the prime location for investment. This bustling neighbourhood of Business Bay is adjacent to the Dubai Canal offering serene views and is the safest option for the buyers. Let’s explore more what features of Business Bay make it safe for buying.
Overview of Business Bay
Business Bay is famous for its dynamic and vibrant living. The upscale living offered by luxury apartments in Business Bay is due to the presence of modernity and contemporary factors. According to the Arabian news Business Bay has emerged as the top location for office deals. As the Managing Director of Commercial Real Estate said:
“We have experienced a notable surge in transactions, recording a remarkable 27 percent increase compared to the same period last year. However, amidst these positive developments, it’s crucial to admit the shifting dynamics within the leasing segment,”
Now, let’s discuss the characteristic that makes Business Bay unique and safe for investment.
Features of Property in Business Bay making it safe investment in Dubai
Here are some of the major features that make the property of Business Bay highly attractive due to being the safest residential district.
- Strategic Location
- High Rental Yields
- Flourishing Business Community
- Modern Infrastructure
- Potential of Capital Appreciation
Strategic Location
The location of Business Bay makes it an extremely valuable and sought-after area for buying and investing. Business Bay is conveniently situated near Sheikh Zayed Road and Downtown Dubai. This proximity offers accessibility to all the key regions of the district. You can enjoy business hubs, entrainment host posts, Tourist destinations and shopping malls. Luxury apartments in Business Bay are easy to find as there are various commercial and residential projects.
High Rental Yields
Another characteristic that makes Business Bay residences a safe option for buyers is High Rental Yields. There are apartments with private pools and other amenities due to which there is steady growth. Due to this demand from the tenants, investors can expect healthy returns.
| Rooms | Size, sqm | Rent, AED |
| Studio | 47 | 57,215 |
| 1 bed | 71 | 86,894 |
| 2 beds | 124 | 151,643 |
| 3 beds | 238 | 291,376 |
| 4 beds | 457 | 561,009 |
According to the latest development and update of November 2023, the cap rate ranges from 3.7% to 10.9% with an average rate of 7.6%.
Flourishing Business Community
The thriving business community assure the steady commercial space demand. This makes Business Bay a safe option to invest in. Secondly, this location is home to various multinational and medium enterprises (SMEs). Some of the featured corporations which as an investor you can find in this dynamic district are:
- KPMG
- Microsoft Gulf
- DHL Express
- Deloitte
- Ernst &Young (EY)
The presence of start-ups makes the community of Business Bay attractive and safe for buyers.
Modern Infrastructure
The property in Business Bay holds the exclusive status of modernity and affordability at the same. As a resident, you can enjoy a well-planned transportation network, roads and other basic utilities. The presence of state-of-the-art retail outlets, restaurants, luxury hotels and recreational facilities makes Business Bay appealing.
The stunning developments of Business Bay comprise one unique feature that is flat with a private swimming pool. Although this feature can be found in other projects, the architecture here is premium and unimagined.
One of the stunning properties under the category of apartment with a private pool in Dubai is Luxury Sky Villas in Five Jumeirah Village. Other amenities include:
- Dubai Water Canal Boardwalk
- Dubai Canal Cruise
- Dubai Aquarium and Underwater Zoo
- Dubai Fountain
Business Bay is not only safe from the capital’s point of view, but the family-friendly environment also makes this district unique.
Potential of Capital Appreciation
Besides offering an Apartment with a private pool in Business Bay, capital appreciation potential is also a major feature. Business Bay has been identified as one of the fastest-growing districts and has witnessed capital appreciation here. Some of the standout projects among the plethora of developments are:
- Akon City
- Safa Two
- Regalia by Deyaar
- Peninsula
Conclusion
Business Bay district started to gain popularity in the 2000s, and its rapid development stunned everyone. Every property in Business Bay is considered highly popular and safe for investment due to various reasons. Some of the highlighted characteristics included are prime locations, high rental yields, flourishing business community, modern infrastructure, and high potential for capital appreciation. Despite the Dubai real estate fluctuations Business Bay remains strong and growth-driven. Besides, the presence of these features in the Business Bay district makes it extremely safe to buy with low risk and high profit.
