Resale properties for sale in Business Bay
Business Bay is a new regional business center with office and residential towers, landscaped gardens, and a network of roads and waterways. It’s also the main financial center and the hub of luxury real estate in Dubai. Secondary property for sale in Business Bay, Dubai, the UAE, with its extensive diversity and high quality, will amaze even the most sophisticated overseas investor.
The neighborhood is a few minutes' drive from Downtown Dubai, the heart of the city. This area is rich in luxury skyscrapers. Parts of the project are still under development and will expand Dubai's trade and business center, creating more profitable opportunities for overseas investors in the neighborhood. People wishing to buy a resale property in Business Bay can get acquainted with the market offers on the Ax.Resales website and choose one or more properties as per their need or purpose.
Features of the area
Business Bay is located south of Downtown Dubai, on the banks of the Dubai Canal. It’s an ideal place for business and bustling city life. It’s near the world-famous Burj Khalifa skyscraper, an amazing sight of interest, attracting numerous tourists every year.
Residents have quick access to a variety of convenient amenities to improve their quality of life in the community. There is a key social infrastructure here, including:
- spacious offices;
- gourmet restaurants;
- first-class stores;
- green parks and squares;
- a hospital;
- schools and kindergartens for children;
- premium hotels and so much more.
Business Bay is fairly similar to New York, the biggest city in the United States, and part of one of the largest agglomerations in the world. It’s an area of huge skyscrapers, amazing street art, successful business centers, and luxury parks. The Dubai Canal Embankment is perfect for jogging and cycling. The neighborhood also has its own Business Bay skate park for its residents.
An unusual feature of the community is a mechanical waterfall forming at the junction of the Dubai Canal and the Sheikh Zayed Bridge. In addition, there are yoga and fitness centers, a skate park, and many nightclubs, allowing for a healthy lifestyle and an interesting pastime.
A short distance from the community is the Dubai Mall and Souk Al Bahar, luxury five-star hotels, and many other sights of interest, such as the Dubai Opera, the Dubai Fountain, and the artificial Burj Khalifa lake. They will impress anyone seeing them for the first time.
Architecture of elegant skyscrapers
Business Bay is a neighborhood of mind-blowing skyscrapers and huge business centers overlooking the Dubai Canal. Most communities continue to be actively built up, while the district strives to use the free space as efficiently as possible, combining both practicality and elegance for its residents and guests. High-rise towers include brand-new residential complexes and communities with fully equipped apartments.
Residences in the neighborhood are spacious and bright, with many different layouts and configurations for any taste and budget – from compact studios to premium five-bedroom apartments, unique penthouses, diverse lofts, and duplexes. The area boasts the most modern apartments and flats in Dubai. It’s also a freehold zone to buy secondary housing in Business Bay for foreigners, so apartments in this community are available to foreigners who can purchase properties in full ownership and use them as they wish.
One of the most amazing properties in the neighborhood is the Executive Towers project – a complex of 12 spectacular towers. They are interconnected, allowing residents, guests, and staff to collectively share the amenities.
The residential complex also sells secondary real estate, which, with its high quality and excellent modern repair, is not inferior to the commissioned property in the district. The Bay Avenue shopping complex, which is located on two podium floors, offers additional tempting benefits.
The shopping center has 140 stores and numerous first-class cafés and gourmet restaurants. The third level is called the courtyard, with basic amenities such as a swimming pool, a gym, a children's playground, and more, for the little residents and their parents.
Secondary real estate prices
Secondary real estate prices in Business Bay may vary depending on the type of property, size, and location. The average resale property cost in Business Bay, for example, a one-bedroom apartment, is AED 1,150,000 ($313,000). The average cost of renting a one-bedroom apartment in the neighborhood is AED 79,999 ($22,000) a year.
If you are interested in a passive income, you can invest in purchasing a secondary property in the area and profit from renting it out. The average yield of secondary properties in Business Bay is 6% per year.
You can purchase a cozy apartment in Dubai from a wide range of the secondary housing stock in Business Bay on the official Ax.Resales website.
Buying a secondary property in Business Bay
Are you planning to buy secondary housing in Business Bay for life or a profitable investment but do not know where to begin? The Ax.Resales website presents premium apartments with first-class amenities and penthouses in Dubai from verified homeowners. It also shows the current resale property cost in Business Bay in its extensive catalog. Contact our manager to get detailed information about the property you are interested in, for example, secondary real estate for sale in Business Bay and other parts of the emirate, and receive comprehensive support throughout the deal.
Our qualified experts will ensure a quick and secure transaction, save you the hassle of paperwork and provide after-sales service. If necessary, our specialists can also provide rental business management services in Dubai.