Offices in Business Bay Dubai
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Buying offices in Business Bay
Business Bay is the business center of Dubai. The development of this area began in 2003. It was created in the likeness of Manhattan in New York. It is a district with lots of office buildings, commercial premises, banks, restaurants, hotels and entertainment venues. The Business Bay has a variety of residential real estate options for sale as well.
What types of offices are in Business Bay?
In Business Bay, you can purchase office space in more than 40 business centers. The most prominent office centers in the area include the Silver Tower Business Bay, Clover Bay Tower, Westbury Square, Bay Square, and The Opus.
Business Bay’s commercial buildings can offer offices ranging in size from 283 to 28,000 sq. ft (26 to 2,600 sq. m).
The well-organized workspace, modern interior design and internal infrastructure of the commercial complexes are the features that distinguish the offices in the Business Bay as prestigious.
Price trends of offices in the Business Bay
Offices in business centers in this area start at AED 250,000 (USD 68,000). For larger offices, over 20,000 sq. ft (1,858 sq. m), the price ranges from AED 27,000,000 to 29,400,000 (USD 7,350,000-8,000,000).
Annual rent for office space in Business Bay ranges from AED 1,500 to 5,666,000 (USD 410-1,540,000).
Prices are generally based on square footage, floor plans, finish and local amenities.
*The price is valid for 2021
Highlights of Business Bay
Business Bay is one of Dubai’s most prestigious districts. It is a vibrant commercial center for people with a busy lifestyle.
Business Bay is considered to be the future of Dubai. Therefore, the profitability of investment in commercial real estate in this area increases every year.
Among the area’s advantages are its proximity to the main attractions of the city and the well-developed local infrastructure. Business Bay has everything that office workers might need – numerous supermarkets, shopping malls, lively cafes and relaxing spa centers.
Office workers living in other areas of Dubai will have no problem getting to work on time. There is a Business Bay metro station and several public transport stops in the area. It is also easy to get here in your own car. The two main highways of the city – Sheikh Zayed Road and Al Khail Road – lead to Business Bay.
The popularity of Business Bay contributes to the freehold status of the territory. Here foreigners can buy property with full ownership rights.