GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Dubai, UAE, September 12, 2018:  One of the most prolific residential and commercial hubs in the city, Business Bay has grown into a coveted cosmopolitan neighbourhood since its launch in 2003. With the sparkling waters of the Dubai Canal adding to its appeal, the area remains a significant player in the Dubai real estate market, 15 years after its initial development. Leading property portal Bayut.com gives a unique insight into the best buildings to invest in Business Bay which is a central hub for property investments in Dubai.

 

The data from Bayut.com's H1 market report revealed that Business Bay was amongst the top ten areas to buy apartments in the city. The average sale prices for a studio in Business Bay as per the data from the report is AED 725k, while 1-bedroom flats go for AED 1.15M and 2-bedroom units average at AED 1.8M. Price falls have been modest in the region and this area has also broken into the list of top 10 areas for apartment rentals in the city, which signals positive rental yields for investors.

 

The top spot for buildings to invest in Business Bay is predictably taken by Executive Towers, the flagship development in the area. The famed development by Dubai Properties consists of 12 skyscrapers, featuring apartments of varying sizes, and a few podium villas. The sales prices for apartments in Executive Towers are relatively higher that the rest of the district, with the cost averaging at AED 1.1M for studios, AED 1.5M for 1-bedrooms, AED 2.1M for 2 bedrooms and AED 2.8M for larger 3-bedroom units.

 

Since the area gets a lot of traffic from working professionals in search of short-term rentals, investors could also look at hotel apartments, such as Damac Maison The Vogue, which was the second most popular building to buy apartments in Business Bay.

 

Investors looking at the area should note that the West Bay Tower has reasonably priced 1 and 2-bedroom units averaging at AED 1.2M and AED 1.4M respectively, while Capital Bay Towers has some of the best prices for studios in the region, with an average of AED 710k. Mayfair Residency too is a popular choice for affordable 1-bedroom apartments with sales prices averaging at a modest AED 900k.

 

With highly anticipated projects from Dubai Properties, Binghatti, Deyaar, Omniyat and Damac taking shape in Business Bay, this is certainly one of the best areas to invest in the emirate and one which is guaranteed to remain popular with a wide portfolio of investors and renters.



Posted by : GoDubai Editorial Team
Viewed 6686 times
Posted on : Wednesday, September 12, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Festival Tower – where success is on the agenda
Next Story : Dubai Land Department reveals achievements of Dubai's real estate market 2018
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Tissot Introduces Chrono XL 3x3 Street Basketball Special Collection
Chloé Launches The New Cloud-shaped “rosie” Sunglasses
BYS COSMETICS Now in UAE
Max Mara Resort 2020 Collection
Saint Honore
Hackket's Bags of Style
Introducing the Swim and Beachwear Summer Collection from Marks & Spencer
VBQ-presskit-denim-70s Capsule
New Land Rover Defender Completes Tusk Testing to Support Lion Conservation in Kenya
Ministry of State for FNC Affairs Launches Forum Titled ‘Political Empowerment i...
Eberhard & Co. Alfa Romeo Limited Edition
OMEGA Rocket Engine - Introducing the Master Chronometer Calibre 3861
Natural and gentle haircare essentials for your little ones from Fifi & Friends'
Jaguar Land Rover & Bmw Group Announce Collaboration for Next Generation Electri...
Rado Captain Cook Automatic Limited Edition with travel case'
Kickstart your summer workout with Ibn Battuta Mall's free indoor family Fun Run
Vincitore Realty sells out 108 homes in the Dh375 million Benessere project in j...
UAE and Oman bodies sign MoU to jointly promote Internal Auditing
Britain's Greatest Test Driver, Norman Dewis Obe, Passes Away
The Gucci Runway Makeup Looks for Cruise 2020
Certina DS PH200M collection'
The Economic Times recognizes Malabar Gold & Diamonds as one of the Best Brands 2019
Electricity Most Searched Fuel Energy Term Online in UAE
Sony World Photography Awards Reveals New Categories for 2020 and Latest Sony Gr...
Aston Martin Produces First Cars at St Athan
Historic Opening of Coca-cola Arena Gets the Seal of Approval From Thousands of Fans
ZAAM Launches a spin on their iconic Polyhedron bag
Jennifer Lopez in Ralph Lauren
Backseat battles: kids driving their parents to distraction – and danger on the ...
The SS19 Exclusive Edit From Etoile “La Boutique''
Choose the perfect fragrance this Father's Day with Rasasi
BMW Group and Jaguar Land Rover announce collaboration for next-generation elect...
CEO of Etihad ESCO, Ali Al Jassim's Statement on World Environment Day 2019
Empower launches summer campaign to reduce district cooling consumption for the ...
The Chaumet Garden of Earthly Delights
Sharjah Chamber to Take Part in the 11th Edition of the World Chambers Congress ...
Jaquet Droz Unveils Its 2019 Novelties at Dubai Mall
Happy Father's Day with Tonda 1950 Skeleton
Dubai Cares supports 3-year teacher training program in Ghana to boost early chi...
Dp World, UAE Region's Strategic Solutions Boost the Automotive Sector
Dan Martin Returns to the Road to Lead UAE Team Emirates at the Criterium Du Dauphine
Resolution: Airlines Urge Governments to Adhere to Global Slot Allocation Guidelines
Team Abu Dhabi award Cappellini new long-term contract
Ibn Battuta Mall Eid Al Fitr Celebrations
Constructsteel Conference to take place in the Middle East for the first time
Emirates NBD highlights commitment to preserving marine biodiversity on World Oc...
Long-term visa granted to Dr. Azad Moopen & wife
Turkish Airlines added Strasbourg to the list of its destinations in France
Lukoil Marine Lubricants strengthens its collaboration with KOTC
Celebrate Father's Day with Marks & Spencer