Paramount Tower Hotel & Residences

Business Bay district is located in the center of Dubai, in the United Arab Emirates. It is famous for its developed infrastructure and many opportunities for business and life.

The residential complexes in the Business Bay area are mainly apartments. Each property in the area has its own amenities such as swimming pools and gyms. The apartments in the Business Bay neighborhood offer their residents a unique opportunity to enjoy the view of the city.

The Business Bay neighborhood was created to provide businessmen with all the necessary facilities for a successful business. The neighborhood is home to many high-end office buildings, conference rooms, and other business facilities. In addition, the neighborhood offers many opportunities for business meetings and negotiations.

One of the main features of the Business Bay neighborhood is its location on the map. It is in the heart of the city, making it an ideal place to live and do business. Also, the Business Bay area has excellent transportation links, making it quick and easy to connect to other parts of the city.

If you are interested in buying real estate in Dubai, then the Business Bay area is one of the best options. Here you will find a variety of properties at different prices and categories. Whether you are looking for an apartment for yourself or a business property, the Business Bay area will provide you with plenty of options to choose from.

For those looking for a property in the heart of Dubai, the Business Bay area is the perfect choice. With its developed infrastructure, convenient location on the map and a variety of properties for different categories of buyers, the area offers many opportunities for living and business.

Business Bay is one of the most sought-after and developed areas of Dubai. Its name alone suggests that business life is in full swing here. At the same time, investments in Dubai apartments and villas, both for permanent residence and for rent, are also still popular. Commercial and residential properties are successfully neighboring in this community.

The neighborhood is close to the city center, near the Dubai Canal. The construction was based on the commercial purpose of the area, and nowadays it is compared to Manhattan in New York. The office space here meets the highest requirements for facilities and amenities, making this area of the UAE one of the most attractive for international companies.

The total area of the Business Bay district is approximately 6 square kilometers. There are numerous commercial, residential and mixed-use developments in Business Bay.

Investment advantages of Business Bay in Dubai

Business Bay boasts an excellent location and a reputation as a hotel, business and commercial center, which attracts corporate and private investors.

The infrastructure of each building provides all the necessary conditions for comfortable work and living: modern office centers, gyms, cafes and restaurants, swimming pools and shopping centers. Despite the fact that the neighborhood is predominantly high-rise development, low-rise residential complexes can also be found here.

In the first half of 2018, Business Bay became the best investment real estate site in Dubai. A total of 1,934 real estate-related transactions worth AED 4.2 billion were concluded here, and the number of such investments continues to grow.

New real estate projects currently under construction in the Business Bay area include Chic Tower by DAMAC Properties and Jumeirah Living Business Bay by developer Select Group.

Cost of real estate in Business Bay in Dubai

Buying real estate in Business Bay Dubai, particularly apartments, is becoming increasingly popular. Prices for studios start from AED 418,000 and can go up to AED 1,480,000. The price of a 1-bedroom apartment ranges from AED 550,000 to AED 2.8 million, while buying a 2-bedroom apartment will cost a minimum of AED 850,000. The price of 3-bedroom apartments starts from AED 1.3 million and can go up to AED 19.8 million.

A 4-bedroom apartment in Business Bay costs between AED 2.3 million and AED 32.4 million. Prices for 5-bedroom apartments are stated to range from AED 4.4 million to AED 40 million. 6-bedroom apartments are priced at AED 27.8 million.

Business Bay also has a number of penthouses available for purchase in configurations ranging from 2 to 5 bedrooms. The penthouses range in price from AED 2.4 million to AED 72.8 million depending on the location and meter. You can buy a 2-bedroom penthouse at a price of AED 16.6 million UAE dirhams.

Business Bay Infrastructure 

Schools and daycare centers

Parents with young children can choose from preschools in their neighborhood such as Maple Bear Nursery School, Colibri, Blossoms and Canadian Kindergarten in Churchill Towers.

In terms of primary and secondary schools, there is Safa British School in Al Safa and Jumeirah English Language School in close proximity to Business Bay.

Dubai's Al Quoz International School has been teaching the American program for 12 years. The Iranian boys' school Towheed is located on Al Meydan Street.

GEMS School is located next to Manama Hypermarket. GIIS Indian International School (GIIS) is located next to Al Manar Islamic Center on Al Meidan Road.

Another school near Business Bay is Gems Wellington Primary School in Al Satwa, which offers the British system of education up to the age of 13.

Clinics and Hospitals

One of the best in Business Bay is the Emirates Hospital Clinic on Bay Avenue. Reviews note the excellent diagnostics and professionalism of the specialists. In more serious situations, for a thorough examination you can go to Medcare in Safa district or to the hospital in Jumeirah district.

Transportation

There are bus stops in the area, and cabs are also available to get anywhere in the city. There is also a Business Bay metro station located in the area.