Investing in

Business Bay

Real estate

Dubai Property Market

0

Property sale volume

0 B

Property sale value (AED)

One of the most popular real estate investment locations

Over the course of the last few years, the Business Bay property market has outperformed nearly all others in the emirate – combining strong capital growth and sustainable high rental yields.

As such, investor demand for property has also been high. Between 2019 and 2022, more properties were sold in Business Bay than in nearly any other sub-market in Dubai.

The area continues to be popular with ex-pats, families, investors and developers. More properties are set to be released into the market this year, but demand remains strong, and forecasts predict above-market performance and sustained returns in the short, mid and longer term.

Available
Properties

  • Abu Dhabi
  • Ajmal Makan City
  • Al Barari
  • Al Habtoor City
  • Al Jaddaf Waterfront
  • Al Marjan Island
  • Al Sufouh
  • Arabian Ranches
  • Arjan
  • Business Bay
  • City of Arabia
  • Damac Hills
  • DAMAC Lagoons
  • Downtown Dubai
  • Dubai
  • Dubai Creek Harbour
  • Dubai Creekside
  • Dubai Harbour
  • Dubai Healthcare City
  • Dubai Hills
  • Dubai Hills Estate
  • Dubai Islands
  • Dubai Marina
  • Dubai Maritime City
  • Dubai Science Park
  • Dubai South
  • Dubai Sports City
  • Dubai Studio City
  • Dubailand
  • Emaar Beachfront
  • Featured
  • IMPZ
  • Jebel Ali
  • Jumeirah Beach Residence
  • Jumeirah Golf Estates
  • Jumeirah Lake Towers
  • Jumeirah Village Circle
  • Jumeirah Village Triangle
  • La Mer
  • Madinat Jumeirah Living
  • Majan
  • Marjan Island
  • MBR City
  • Meydan
  • Meydan Horizon
  • Mudon
  • Nad Al Sheba
  • Oman
  • Palm Jumeirah
  • Ras Al Khaimah
  • Rashid Yachts and Marina
  • Serena
  • Sharjah
  • Sheikh Zayed Road
  • Sobha Hartland
  • South Bay
  • The Valley
  • Town Square
  • Uptown Dubai
  • Wadi Al Safa 2
  • Yas Island
  • Zabeel
Art Bay
featured

Ellington Properties
Al Jaddaf Waterfront
Starting price - from AED 1,700,000 | GBP 366,063
Meydan Horizon
featured

Prestige One
Meydan
Starting price - from AED 1,200,000 | GBP 257,640
The Acres
featured

Meraas
Dubailand
Starting price - from AED 5,900,000 | GBP 1,280,890
Seaside

Prestige One
Dubai Hills
Starting price - from AED 1,917,000 | GBP 412,402
Riwa

Meraas
Madinat Jumeirah Living
Starting price - from AED AED 2,350,000 | GBP 513,624
Lillia

Emaar Properties
The Valley
Starting price - from AED 2,000,000 | GBP 431,400
Empire Estates

Empire Developments
Arjan
Starting from - AED 790,000 | GBP 170,300
Vida Residences

Emaar Properties
Dubai Hills Estate
Starting price - from AED 1,400,000 | GBP 299,145
The Sapphire

DAMAC Properties
Sheikh Zayed Road
Starting price - from AED 2,710,000 | GBP 587,652
Binghatti Phantom

Binghatti
Jumeirah Village Circle
Starting from - AED 999,999 | GBP 216,942
Golf Gate 2

DAMAC Properties
DAMAC Hills
Starting price - from AED 1,279,000 | GBP 277,527
DAMAC Casa

DAMAC Properties
Al Sufouh
Starting price - from AED 2.5M | GBP 558,727
DAMAC Lagoons

DAMAC Properties
Damac Lagoons
Starting price - from AED 2,850,000 | GBP 624,589
Sobha One

Sobha Realty
Sobha Hartland
Starting price - from AED 1.64M | GBP 364,557
Elitz 3

Danube Properties
Jumeirah Village Circle
Starting price - from AED 742,000 | GBP 160,000
Palm Beach Towers

Nakheel Properties
Palm Jumeirah
Starting price - from AED 4,200,000 | GBP 905,374
Golf Vista Heights

London Gate
Dubai Sports City
Starting price - from AED 465,000 | GBP 100,000
Expo City Dubai

Expo City Dubai
Dubai South
Starting price - from AED 1,999,000 | GBP 428,791
Barari Views 2

Samana Developers
Majan
Starting price - from AED 674,000 | GBP 144,104
Ayala

Nshama
Town Square
Starting price - from AED 800,888 | GBP 171,553
Orra The Embankment

Prestige One
Jumeirah Lake Towers
Starting price - from AED 1,500,000 | GBP 321,304
LIV Waterside

LIV Development
Dubai Marina
Starting price - from AED 2,300,000 | GBP 491,443
Vista

Prestige One
Dubai Sports City
Starting price - from AED 630,000 | GBP 134,525
Pearl House III

Imtiaz Developments
Jumeirah Village Circle
Starting price - from AED 630,000 | GBP 134,938
Bayz 101

Danube Properties
Business Bay
Starting price - from AED 979,000 | GBP 210,605
Aeon

Emaar Properties
Dubai Creek Harbour
Starting price - from AED 1,710,000 | GBP 368,172
Club Drive

Emaar Properties
Dubai Hills Estate
Starting price - from AED 1,570,888 | GBP 336,886
Westwood Grande

Imtiaz Developments
Jumeirah Village Circle
Starting price - from AED 606,000 | GBP 130,471
Avonlea

Emaar Properties
Rashid Yachts and Marina
Starting price - from AED 1,600,000 | GBP 342,880
Skyhills Residences

Octa Properties
Dubai Science Park
Starting price - from AED 617,777 | GBP 131,755
Maya 5

AveNew
Jumeirah Village Triangle
Starting price - get in touch for further details
Ra1n

Object 1
Jumeirah Village Circle
Starting price - AED 930,000 | GBP 200,601
Mercer House

Ellington Properties
Uptown Dubai
Starting price - from AED 900,000 | GBP 193,770
Lagoon Views

DAMAC Properties
Damac Lagoons
Starting price - from AED 979,000 | GBP 209,836
Red Square

Tiger Properties
Jumeirah Village Triangle
Starting price - AED 495,000 | GBP 105,887
Nobles Tower

Tiger Properties
Business Bay
Starting price - AED 1,900,000 | GBP 406,647
Lilium Tower

Tiger Properties
Jumeirah Village Triangle
Starting price - get in touch
Moonstone

DURAR Group
Al Majan Island
Starting price - from AED 1,888,888 | GBP 280,497
Bayline

Emaar Properties
Rashid Yachts and Marina
Starting price - from AED 2.34M | GBP 508,766
Vela Viento

Omniyat
Business Bay
Starting price - from AED 18.6M | GBP 3,992,170
Aveline

Citi Developers
Jumeirah Village Circle
Starting price - from AED 595,000 | GBP 128,140
10 Oxford

Iman Developers
Jumeirah Village Circle
Starting price - from AED 674,850 | GBP 109,300
Ellington Views I

Ellington Properties
Ras Al Khaimah
Starting price - from AED 1,450,000 | GBP 315,464
Sportz

Danube Properties
Dubai Sports City
Starting price - from AED 590,000 | GBP 128,413
Aark Residences

DECA Properties
Dubailand
Starting price - from AED 830,000 | GBP 181,101
Barari Views

Samana Developers
Al Barari
Starting price - from AED 749,000 | GBP 166,020
One River Point

Ellington Properties
Business Bay
Starting price - from AED 1.4M | GBP 310,832
Gardenia Bay

Aldar Properties
Yas Island
Starting price - from AED 805,000 | GBP 177,837
Volga Tower

Tiger Properties
Jumeirah Village Triangle
Starting price - from AED 1.5M | GBP 331,207
The Orchard Place

Peak Summit Developments
Jumeirah Village Circle
Starting price - from AED 699,378 | GBP 157,584
Naya

Nakheel Properties
MBR City
Starting price - from AED 1,700,000 | GBP 380,210
Manhattan Samana

Samana Developers
Jumeirah Village Circle
Starting price - from AED 689,000 | GBP 155,400
Azizi Venice

Azizi Developments
Dubai South
Starting price - from AED 480,000 | GBP 103,432
Palm Jebel Ali

Nakheel Properties
Jebel Ali
Starting price - from AED 18M | GBP 4.03M
Creek Views III

Azizi Developments
Dubai Healthcare City
Starting price - from AED 1,085,000 | GBP 239,000
Azizi Grand

Azizi Developments
Dubai Studio City
Starting price - from AED 996,000 | GBP 218,800
Azizi Vista

Azizi Developments
Dubai Studio City
Starting price - from AED 1M | GBP 219,800
Beach Oasis

Azizi Developments
Dubai Studio City
Starting price - from AED 822,500 | GBP 180,700
Samana Portofino

Samana Developers
Dubai Production City
Starting price - from AED 670,000 | GBP 145,800
Volta

DAMAC Properties
Downtown Dubai
Starting price - from AED 1.67M | GBP 363,300
ANWA ARIA

Omniyat
Dubai Maritime City
Starting price - from AED 1.1M | GBP 237,500
La Mer Villas

Ellington Properties
La Mer
Starting price - from AED 330,000,000 | GBP 71,136,000
Golf Views

Samana Developers
Dubai Sports City
Starting price - from AED 649,000 | GBP 139,000
399 Hills Park

National Properties
Dubai Hills
Starting price - from AED 1.5M | GBP 321,000
The Haven

Meraki Developers
Dubai Land
Starting price - from AED 490,000 | GBP 104,700
Riviera Reve

Azizi Developments
Meydan
Starting price - from AED 1.5M | GBP 320,000
Jomana

Meraas
Madinat Jumeirah Living
Starting price - from AED 1.91M | GBP 409,000
The Opus

Omniyat
Business Bay
Starting from - AED 4.34M | GBP 927,000
Skyros

Samana Developers
Arjan
Starting price - from AED 758,000 | GBP 159,800
Orla

Omniyat
Palm Jumeirah
Starting price - from AED 51,059,400 | GBP 10.92M
South Bay

Dubai South Properties
Residential District of Dubai South
Starting price - from AED 1.9M | GBP 405,000
Hadley Heights

LEOS Developments
Jumeirah Village Circle
Starting from - AED 559,000 | GBP 119,800
Ellington House IV

Ellington Properties
Dubai Hills Estate
Starting price - from AED 1,997,828 | GBP 425,800
Ajmal Makan City

Ajmal Makan
Sharjah
Starting price - from AED 365,000 | GBP 77,400
Aida

DarGlobal
Muscat, Oman
Starting from - AED 1,350,000 | GBP 282,700
Reeman Living

Aldar Properties
Al Shamhka Neighbourhood
Starting from - AED 407,000 | GBP 85,400
Verde

Sobha Realty
Jumeirah Lake Towers
Starting price - from AED 1.8M | GBP 380,850
Arbor View

Ellington Properties
Arjan
Starting price - from AED 800,000 | GBP 171,600
Al Habtoor Tower

Al Habtoor Group
Al Habtoor City
Starting price - from AED 2.1M | GBP 447,000
MAG 330

MAG
City of Arabia
Starting price - from AED 760,000 | GBP 164,000
Vela

Omniyat
Business Bay
Starting price - from AED 30 Million | GBP 6.56 Million
Jouri Hills

Arada
Jumeirah Golf Estates
Starting price - from AED 3,999,000 | GBP 850,000
Binghatti House

Binghatti
Jumeirah Village Circle
Starting from - AED 860,000 | GBP 187,627
Sobha Hartland II

Sobha Realty
Sobha Hartland II
Starting price - from AED 22,700,000 | GBP 4,967,745
Sobha Reserve

Sobha Realty
Wadi Al Safa 2
Starting price - from AED 7.7M | GBP 1.69M
Seapoint Tower 1

Emaar Properties
Emaar Beachfront
Starting price - from AED 2.95M | GBP 636,136
Riverside Crescent

Sobha Realty
Sobha Hartland II
Starting price - from AED 1.14M | GBP 245,974
Mudon

Dubai Properties
Mudon
Starting price - contact us
Sobha Sea Haven

Sobha Realty
Dubai Harbour
Starting price - from AED 3.6M | GBP 794,760
DAMAC Hills 1

DAMAC Properties
Damac Hills
Starting price - from AED 550,000 | GBP 121,131
Ocean House
sold out

Ellington Properties
Palm Jumeirah
Starting price - from AED 8.45M | GBP 1.81M
Nautica
sold out

Select Group
Dubai Maritime
Starting price - from AED 1.6M | GBP 358,900
Onyx
sold out

Binghatti
Jumeirah Village Circle
Starting from - AED 950,000 | GBP 206,830
The Crestmark
sold out

Ellington Properties
Business Bay
Starting price - from AED 1,426,828 | GBP 307,634
The Sanctuary
sold out

Ellington Properties
MBR City
Starting price - from AED 16 Million | GBP 3.4 Million
Binghatti Amber
sold out

Binghatti
Jumeirah Village Circle
Starting from - AED 550,000 | GBP 119,564
Fashionz by Danube
sold out

Danube Properties
Jumeirah Village Triangle
Starting price - from AED 687,000 | GBP 149,475
The Quayside
sold out

Ellington Properties
Business Bay
Starting price - from AED 1.3M | GBP 283,514
Ellington Beach House
SOLD OUT

Ellington Properties
Palm Jumeirah
Starting price - from AED 4.5M | GBP 1,017,113
Upper House
sold out

Ellington Properties
Jumeirah Lakes Towers
Starting price - from AED 750,000 | GBP 169,518
Luxor
sold out

Imtiaz Developments
Jumeirah Village Circle
Starting price - from AED 761,027 | GBP 160,000
Coral Reef
sold out

DAMAC Properties
Dubai Maritime City
Starting price - from AED 1.66M | GBP 354,800
Oxford Gardens
sold out

Iman Developers
Arjan
Starting price - from AED 511,717 | GBP 109,300
Viewz by Danube
sold out

Danube Properties
Jumeirah Lake Towers
Starting price - from AED 990,000 | GBP 216,864
Elitz 2
sold out

Danube Properties
Jumeirah Village Circle
Starting price - from AED 650,000 | GBP 139,000
Arabian Ranches III
sold out

Emaar Properties
Arabian Ranches
Starting price - from AED 2.1M | GBP 463,196
The Valley
Sold out

Emaar Properties
The Valley
Starting price - from AED 1.65M | GBP 363,340
Belmont Residences
Sold out

Ellington Properties
Jumeirah Village Triangle
Starting price - from AED 615,000 | GBP 139,078
La Vie
Sold Out

Dubai Properties
Jumeirah Beach Residence
Starting price - from AED 1.3M | GBP 293,986
Casa Viva
Sold Out

Dubai Properties
Serena
Starting price - from AED 1.8M | GBP 407,474
Arabella III
Sold Out

Dubai Properties
Mudon
Starting price - from AED 2M | GBP 452,749
Creek Vista Heights
Sold Out

Sobha Realty
Sobha Hartland
Starting price - from AED 1.7M | GBP 275,750
Emaar Beachfront
Sold Out

Emaar Properties
Emaar Beachfront
Starting price - from AED 2.8M | GBP 617,595

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Business Bay's Property Market Performance

Business Bay statistics for completed 1-bedroom properties:

  • The average asking sales price in Business Bay in March 2023:1.5m AED
  • The average transaction sales price in Business Bay in March 2023: 1.2m AED
  • The average asking sales price in Business Bay in March 2023 per sq ft: 1,600 AED
  • The average transaction sales price in Business Bay in March 2023 per sq ft: 1,400 AED

 

Asking prices in Business Bay now are much higher than a few years ago. Back in 2018, many investors recognised the opportunity: a fantastic location next to Downtown, an emergent reputation as a business and hospitality hub, and crucially, great value. Consequently, in the first half of 2018, Business Bay recorded the highest volume of property transactions in Dubai, almost 2,000, in purchases worth over 4bn AED.

That said, the area remains good value and although some other submarkets are now outperforming it slightly, it is still a strong investment option for new and existing investors.

Average capital appreciation in Business Bay over the past 12 months

How to choose a property investment in Business Bay

Business Bay offers a large array of property types. There are apartment complexes with everything from studios to 5 or 6-bedroom penthouses.

There is also the prospect of acquiring one of the more unique types of property available to the Dubai real estate investor: Marasi floating villas. These are safely anchored along the Dubai Canal and look like freely floating houses. They are particularly popular with yacht enthusiasts and mariners.

There is an emergent trend of Business Bay getting bigger. This means that the market is shifting away from studios and one-bed apartments to larger properties. This is reflected in the huge average transaction value rise in Business Bay over the past 12 months – yes, there has been substantial capital growth, but the types of properties sold in high volumes have been 2 and 3-bed apartments.

Business Bay rental market

Business Bay, like Dubai Marina, is a submarket in which rental yields can really add to an investor’s total ROI.

Although Dubai real estate is historically associated with some of the highest annual capital growth in the world, yields of 6-8% – like those found in Business Bay – are hard to beat, particularly when it comes to prime property markets.

As the name suggests Business Bay is a commercial hub that focuses its provision on the needs of the working professional.

However, unlike Dubai Marina, its appeal as a place to live also extends to families, immediately doubling the persona of tenant available to investors with property in Business Bay.

Starting rental values for Business Bay property

  • Average rental price for Business Bay properties March 2023: 90,000 AED
  • Average gross yield for Business Bay properties March 2023: 6.1%

Business Bay real estate outlook

Over the past 12 months, demand for Business Bay has only heightened, as the Dubai Market bounced back from the pandemic.

The volume of transactions in the area increased by 35% to over 2,500.

Despite this, growth is forecast to continue and demand is set to rise further. The recently announced Dubai 2040 Master Urban Plan singled out Busines Bay as the focus of all the emirate’s financial sector growth. Consequently, the workforce will rise accordingly and the demand for rental property – and investment property – should ensure that rentals and transaction values continue to rise.

Business Bay location and lifestyle

Like with much of Dubai property investment, it is hard to separate the appeal of Dubai’s lifestyle from the ROI; the lifestyle drives the demand for property and tenancy.

Business Bay was master planned and launched just after the turn of the century. Now two decades on, the area’s potential is only just beginning to be realised and it remains one of Dubai’s most exciting projects.

Once voted as one of the world’s coolest neighbourhoods, Business Bay retains its own character – with professional precincts and waterside charm – but it is also strategically located and very close to some of Dubai’s other major amenities and attractions. It is also located less than 10 minutes’ drive from Dubai International.

What is the mix of off-plan and completed properties in Business Bay?

Business Bay’s property market is predominately completed properties, but it is more equally weighted than many real estate markets in Dubai. Currently, the number of available off-plan properties is around 20,000, representing just over a third of the market.

Is Business Bay just business and commerce?

No. Not at all. Part of Business Bay’s appeal is that it mixes work and residential so well.

Only 20% of the real estate there is purely devoted to commercial purposes. The same proportion is devoted to purely residential purposes.

The remaining 60% is actually master-planned mixed-use space that supports the community and business interests of the area.

What investment budget do you need to buy property in Business Bay?

Completed studio apartments in Business Bay have been acquired from as little as 100,000 AED in the past 12 months, but that is an extreme rarity and may not have been a successful investment.

On average, investors are currently acquiring business bay property for around 1,800 AED per sq. ft.

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