Townhouses for Sale in Business Bay Dubai
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Advantages of the emirate
Dubai is one of the most popular cities in the world. Thanks to its developed economy, generous tax policy and flexible legislative framework, the emirate is among the most attractive jurisdictions for expats.
The Emirate attracts about two million foreigners every year. There are several reasons for this:
- the absence of taxes on personal and corporate income;
- the availability of special free trade zones;
- the developed credit system and advanced banking services;
- the introduction of the latest technology, in Dubai, driverless transport and eco-technology is being developed;
- the purchase of local real estate is the basis for obtaining residency status;
- Dubai is one of the top ten safest cities in the world.
About the area
Business Bay is the business center of Dubai, with residential and commercial buildings. When completed, there will be 240 skyscrapers here. The area extends to 7.43 square kilometers and is densely populated with modern residential complexes. Development of Business Bay began back in 2013, and by 2017 it was among the top five most interesting places to visit according to the world famous publisher Lonely Planet.
It is home to five-star hotels, high-end restaurants, shopping centers, offices, and entertainment venues. Business Bay is located between Downtown Dubai and the industrial area of Al Quoz. Within a 15-minute drive is the Dubai Design District and DWTC. The Sheikh Zayed Road highway runs in the northern part of the area. As for public transport, Business Bay has a metro station with the same name, 20 bus stops on routes 50, F14, f19A, F19B, F41 and others, as well as ferries DC1 and DC2.
The properties in the complexes under construction have individual layouts. Each community has its own planned infrastructure: gyms, stores, swimming pools, restaurants and entertainment centers for children.
Features of real estate in Business Bay
Since 2020, Dubai has experienced a new growth in demand for real estate and an increase in the number of investors. Return on investment in the area is up to 6% per annum. Real estate in Business Bay is suitable for both business people and families with children, and well-developed infrastructure allows you to quickly move throughout the emirate.
In Business Bay there are a wide range of ready-made townhouses, as well as apartments under construction. One can choose from three- to five-bedroom apartments of 261-420 sq.m. The cost of townhouses ranges from AED 627,000 to 1,310,000 (USD 170,705 – 356,656). The average rental price for a 3-bedroom townhouse is AED 125,000 – 210,000 (USD 34,032 – 57,174). You can buy townhouses in communities like Meydan or Al Badaa.
*The price is valid for 2021