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Buying hotel apartments in Business Bay

Business Bay is a major business center in Dubai that was under construction from 2003 to 2017. Its construction was originally conceived following such famous models as Manhattan in New York and Ginza in Tokyo.

According to the Lonely Planet, this neighborhood is one of the five most interesting places in Dubai. Business Bay is characterized by mixed development. Over an area of about 7.43 sq. km office buildings adjoin retail outlets, banks, hotels, restaurants and entertainment complexes. There are also high-rise residential buildings, where you can buy or rent a premium property.

Running through Business Bay is the artificially created Dubai Water Canal, which is the most important waterway in Dubai.

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What types of hotel apartments are available in the Business Bay?

Business Bay offers various types of comfortable accommodations. One of the most popular types are hotel apartments. They are at the junction of residential and hotel real estate market in Dubai. These are ready-made apartments with a full range of amenities, which are a profitable investment asset.

The area presents a limited series of private residences in hotels. Buying this type of real estate is of interest to those who plan to live temporarily in Dubai with maximum comfort, or to rent apartments, providing a stable high income.

The choice of apartments on offer to investors includes three categories of hotel apartments:

  • standard;
  • superior;
  • deluxe.

Price trends of hotel apartments in Business Bay

Apartments for sale in the Business Bay area are priced on average at AED 3,902,000 (USD 1,062,318).

This type of property is exemplified by the luxury complex called The Vogue. The developer of this project is Damac Properties.

The complex, in addition to hotel residences, offers fully furnished studios, as well as apartments with 1 to 3 bedrooms.

The important features of The Vogue are:

  • high quality finishes;
  • high levels of safety and comfort;
  • an equipped barbecue area;
  • a spacious conference room;
  • a private gym and swimming pool;
  • a children’s playground;
  • covered parking;
  • a power backup system.

The hotel suites at The Vogue have 3 bedrooms and 2 bathrooms. Total square footage is 1,279 sq. m (4,195 sq. ft).

Highlights of Business Bay

Business Bay is one of Dubai’s most respected neighbourhoods. It belongs to the freehold zone, and therefore real estate transactions can be carried out by citizens of any country in the world.

The area has everything for a successful and comfortable life. In addition to well-developed infrastructure, thanks to convenient transport links from here you can easily and quickly get to other points of the city.

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