Bay Square is a mixed-use community located in Dubai’s central Business Bay district. The developer of the project, which was completed in 2017, was Dubai Properties Group, with Khatib & Alami as the architectural consultant.
The development consists of 13 mid-rise buildings connected by a pedestrian zone with retail outlets, food establishments and a state-of-the-art gymnasium. The 5 million square feet development includes three residential complexes and a hotel, offering a total of 326 apartments, and 1 million square feet is occupied by 570 offices and 123 retail units. The cost of the project was 4 billion dirhams.
The minimum studio size in Bay Square is 52 square meters (560 square feet) and the property starts at AED 740,000 (USD 187,000). At Bay Square, offices range in size from 20 square meters (215 square feet) to 6,526 square meters (70,245 square feet). Rental prices start from AED 30,000 (USD 7,570) per year, while the minimum purchase price is AED 1,500,000 (USD 379,000).
The Bay Square complex provides modern services and amenities for comfortable living and doing business:
The Business Bay area is adjacent to Downtown Dubai and its major tourist attractions. The major Dubai Mall, the Burj Khalifa skyscraper, Burj Park, the Dubai Fountains and Souk Al Bahar Market are all within a 4-minute drive of Bay Square. Two bus stops and the Business Bay Metro Station are within walking distance of the community. Also, the nearest supermarkets Choithrams, Carrefour, Spinneys and Zoom can be reached on foot from the development.
Sheikh Zayed Road, which connects different areas of Dubai, provides residents with a quick commute to:
Business Bay has a reputation as a business district. Here are the exclusive residential complexes, hotels and offices. The Bay Square community has a high return on investment, with an ROI of 7% on studios and 6.2% on apartments. The convenient location of the development gives residents the opportunity to be in the center of business activity and attracts business people willing to rent residential and office space. The average price for a 1-bedroom apartment in Bay Square is AED 1,200,000 (USD 303,000) and its annual rent is AED 80,000 (USD 20,000).
Sign up for our weekly newsletter for market updates!