About Business Bay

Strategically positioned along the Dubai Canal and adjacent to Downtown Dubai, Business Bay spans over 80 million sq. feet. It features office buildings, luxury hotels, residential towers, retail outlets, fitness facilities, and a community park. With its prime location on the Dubai Canal coast, it's just a 10-minute drive from Downtown Dubai and well-connected to the city via major highways like Sheikh Zayed Road and Al Khail Road​​.

Economic Attractiveness of Business Bay



Business Bay has been a leading area in Dubai for real estate transactions. In 2022, it led Dubai's sales charts with over 10,300 transactions valued at Dhs17.6 billion, and this trend was expected to continue in 2023​​. The average price for apartments in Business Bay was recorded at around Dhs 1.3 million, highlighting its status as a prime location for investment​​.

Dubai's real estate market, in general, saw a significant growth in the first nine months of 2023, with a 36.7 percent increase in value and a 33.8 percent rise in transactions compared to the same period in 2022. This growth trend is a testament to the enduring growth and adaptability of the emirate’s real estate market, with Business Bay being a significant contributor to this success​​.

Real estate investments also witnessed robust growth, with a 50.3 percent increase in value, 33.3 percent in the number of investments, and 37.4 percent in the number of investors. These figures underscore the strategic efforts of the Dubai Land Department to enhance Dubai's position as a global real estate investment destination​​.

Business Bay, specifically, continues to attract high-net-worth individuals (HNWIs) and foreign investors, contributing significantly to Dubai's emergence as a leading global economic hub. Its consistent positive performance in the real estate sector aligns with Dubai’s proactive economic agenda to enhance its competitiveness and attractiveness to global investors​​.

These factors collectively make Business Bay an economically attractive area for both real estate investment and residential purposes. Its strategic location, coupled with the variety of amenities and luxury living options, continues to draw investors and residents alike.

Business Bay is home to notable off-plan projects like DAMAC Towers by Paramount Hotels & Resorts Dubai, Reva Heights, and Zada Residences. These projects, developed by DAMAC Properties, offer luxurious amenities such as open-air cinemas, gyms, swimming pools, and stunning views of Dubai's skyline. DAMAC Towers, for instance, is a complex of four high-rise towers, combining serviced apartments and a luxury hotel​​.

Rental Prices in Business Bay

The rental prices in Business Bay vary depending on the type and size of the apartments. Here are some examples of the annual rental prices in 2023:

1-Bedroom Apartments: Prices range from around AED 65,000 to AED 132,000 per year​​​​.

2-Bedroom Apartments: The annual rental rates for two-bedroom apartments are approximately between AED 119,000 and AED 180,000​​​​.

3-Bedroom Apartments: For larger three-bedroom apartments, the annual rents can be as high as AED 250,000​​​​.

These prices reflect the premium nature of the Business Bay area and its appeal to residents seeking luxury living in a central location.

Renting in Business Bay is ideal for those seeking quick access to the city's attractions and a high standard of living. The area's proximity to shopping destinations like Dubai Mall and Bay Avenue Mall, along with leisure facilities such as spas and parks, make it an attractive place for both professionals and families​​.

If you're considering an apartment in Business Bay, contact our agents at F&C Properties for professional support. We'll guide you through the selection process to find a home that fits your lifestyle and investment goals. Visit F&C Properties for more information.