BAYZ 102
Danube Properties · Business Bay
AED 2,400,000From
Business Bay
A mixed district of offices, hotels and apartment towers along the Dubai Water Canal, next door to Downtown Dubai.
- Master developer
- Dubai Properties (Dubai Holding)
- Ownership
- Freehold, open to buyers of any nationality
- for sale
- 1
- DLD median per sq ft
- AED 2,522
- On the year before
- +10.1%
Living in Business Bay
Business Bay lies south of Downtown Dubai along the Dubai Water Canal. Offices, hotels and residential towers share the same streets, and a promenade runs along both banks of the canal.
Buyers here get Downtown's location at a different price point. Homes are apartments, from studios to three-bedrooms, in towers that face the canal, the Burj Khalifa skyline or each other. Ready buildings and new off-plan towers sit side by side.
Tenants are mostly people who work in the district or in DIFC and Downtown and want a short commute. Business Bay Metro station is on the Red Line, and the canal walk links the district to Downtown and Jumeirah on foot.
If you are selling, the canal view is the premium. The towers vary a lot in build quality and management, so buyers will ask about the service charge and the owners' association before they ask about the finish.
Homes
- Studios and one- to three-bedroom apartments
- Canal and skyline views
- Ready homes and new off-plan towers
Who it suits
- Professionals who work in the centre
- Buyers who want to be close to Downtown
- Investors buying apartments to let
Getting around
- Dubai Metro Red Line: Business Bay station
Landmarks
- Dubai Water Canal
- Marasi Promenade
- Bay Avenue
- Bay Square
Property for sale in Business Bay
Renting in Business Bay
Tenants are office workers from Business Bay, DIFC and Downtown who want to walk or take one Metro stop to work.
Selling in Business Bay
The canal-facing towers sell on the view and the rest sell on price, so know which side of that line your apartment sits.
Questions about Business Bay
Can foreigners buy property in Business Bay?
Yes. Business Bay is a freehold area, so buyers of any nationality can own homes there outright, and they do not need to live in the UAE to buy.
What types of property are there in Business Bay?
Studios and one- to three-bedroom apartments, canal and skyline views and ready homes and new off-plan towers.
How do you get around Business Bay by public transport?
Dubai Metro Red Line: Business Bay station.
Who is Business Bay a good fit for?
Professionals who work in the centre, buyers who want to be close to Downtown and investors buying apartments to let.
Who is the master developer of Business Bay?
Dubai Properties (Dubai Holding).
What are the landmarks in Business Bay?
Dubai Water Canal, Marasi Promenade, Bay Avenue and Bay Square.
Who rents in Business Bay?
Tenants are office workers from Business Bay, DIFC and Downtown who want to walk or take one Metro stop to work.
What should I know before selling a home in Business Bay?
The canal-facing towers sell on the view and the rest sell on price, so know which side of that line your apartment sits.
Which areas are next to Business Bay?
Downtown Dubai and Mohammed Bin Rashid City.
What are the costs of buying a home in Business Bay?
The same fees apply across Dubai. A ready home carries the 4% DLD transfer fee, AED 520 in title deed fees, the registration trustee fee and usually a 2% agency fee plus VAT; an off-plan home carries 4% Oqood registration plus AED 20. The buying costs calculator works it out for any price.
Next door, and near enough.
Who can own, what to budget, which forms you sign, and what happens at the registration trustee when the home becomes yours.
What the Dubai Land Department charges, what the broker, developer and bank charge, who pays each one, and a worked example at AED 2,000,000.
Looking in Business Bay
Tell us the budget and the home. An adviser replies with what fits here and the full cost of each.