Capital Bay
About the project
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Capital Bay is a premium class mixed-use complex that consists of two towers: Tower A and Tower B, which are connected by a common podium. The project was commissioned in 2014. The developer of the project is DAMAC Properties, a local company with a worldwide reputation for implementing luxury residences.
The complex offers studios and apartments with one- to three-bedroom floor plans. Living areas cover a minimum space of 50 sq. m (541 sq. ft). Kitchens and bathrooms are fully equipped, and apartments are furnished and ready to welcome tenants. The starting price for a unit is USD 136,100 (AED 499,880).
*The price is valid for 2021
Residents can enjoy a variety of amenities, including:
- Spa
- Sauna
- Pool
- Exercise room
- Landscaped gardens
- Barbecue area
- Children’s playgrounds
- Covered parking
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Location
Business Bay is Dubai’s central business district. It was designed to fulfil Dubai’s commercial missions of emirate development. The district was inspired by the progressive infrastructure of Manhattan in New York City.
Business Bay consists of business and residential properties set amidst squares and the Dubai Canal. There are bicycle and pedestrian paths along the streets. On the waterfront, there are several restaurants and cafés, as well as the popular La Perle Aqua Theatre. Marasi Marina is located within walking distance of the complex and features a yacht club, floating restaurants, and waterfront residences.
Capital Bay is an ideal starting point for making frequent trips to Dubai’s key streets of Al-Khail Road and Sheikh Mohammed bin Zayed. Dubai Design District, the creative and lifestyle hotspot of Dubai, is situated within a short drive from the towers and houses some of Dubai’s leading galleries and fashion houses.
Dubai Mall, the emirates’ main shopping mall, can be reached within a 10-minute drive of the towers. The Dubai International Airport is located within a 20-minute drive, and Al Maktoum Airport is situated within a 40-minute drive.
The area features several ground transportation options near the towers, and the nearest Metro station is Business Bay, which is located within walking distance of Tower A.
Return on investment
The average payback period for real estate in Dubai is 7 to 12 years. These figures reflect greater efficiency in investments compared to France or Britain. In this case, real estate in the Business Bay area is one of the most affordable housing areas in the metropolis.
The return on investment rate for properties at Capital Bay has reached 6%, per year. This is possible due to the towers’ convenient location, which meets the needs of both professionals and families with children. Other factors include the district’s infrastructure, which meets the criteria for the concept of a “city in the city,” as well as the quality of the complex’s planning and design.
According to experts, the real estate market in Dubai is a high-end segment, which includes apartments at Capital Bay. They expect an increase in property values by more than 20% over 2022, making it an ideal time to buy property at Capital Bay.
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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