Cap rate (rental yield) in Business Bay area in Dubai is from 4.9% to 313.7%. The median cap rate in is 7.5%.
The maximum cap rate in Business Bay is 313.7% at Marquise Square Tower project. The minimum cap rate in Business Bay is 4.9% at West Five Business Bay Residences project.
Sales prices for off-plan (pre registration and delayed sell) properties in Business Bay
Rooms
Size, sqm
Sale price, AED/sqm
Sale price, AED
Studio
42
31,067
1,318,004
1
81
29,575
2,403,598
2
140
31,447
4,399,138
3
236
34,895
8,239,099
4
265
25,598
6,771,746
5
634
43,834
27,799,660
6
2,514
114,391
287,550,000
Sales prices for completed properties in Business Bay
Rooms
Size, sqm
Sale price, AED/sqm
Sale price, AED
Studio
45
21,046
947,588
1
74
20,251
1,493,709
2
120
20,039
2,405,942
3
192
18,414
3,537,597
4
350
17,157
6,000,542
Rents in Business Bay
Rooms
Size, sqm
Rent, AED/sqm/ year
Rent, AED
Studio
46
1,724
78,864
1
71
1,449
103,210
2
116
1,348
155,999
3
161
1,286
207,391
4
309
1,392
430,000
Price for off-plan Studio apartment in Business Bay is 1,318,004 AED or 31,067 AED/sqm. Price for off-plan 1 bedroom apartment in Business Bay is 2,403,598 AED or 29,575 AED/sqm. Price for off-plan 2 bedroom apartment in Business Bay is 4,399,138 AED or 31,447 AED/sqm. Price for off-plan 3 bedroom apartment in Business Bay is 8,239,099 AED or 34,895 AED/sqm. Price for off-plan 4 bedroom apartment in Business Bay is 6,771,746 AED or 25,598 AED/sqm. Price for off-plan 5 bedroom apartment in Business Bay is 27,799,660 AED or 43,834 AED/sqm. Price for off-plan 6 bedroom apartment in Business Bay is 287,550,000 AED or 114,391 AED/sqm.
Price for completed Studio apartment in Business Bay is 947,588 AED or 21,046 AED/sqm. Price for completed 1 bedroom apartment in Business Bay is 1,493,709 AED or 20,251 AED/sqm. Price for completed 2 bedroom apartment in Business Bay is 2,405,942 AED or 20,039 AED/sqm. Price for completed 3 bedroom apartment in Business Bay is 3,537,597 AED or 18,414 AED/sqm. Price for completed 4 bedroom apartment in Business Bay is 6,000,542 AED or 17,157 AED/sqm.
Rent for Studio apartment in Business Bay is 78,864 AED or 1,724 AED/sqm. Rent for 1 bedroom apartment in Business Bay is 103,210 AED or 1,449 AED/sqm. Rent for 2 bedroom apartment in Business Bay is 155,999 AED or 1,348 AED/sqm. Rent for 3 bedroom apartment in Business Bay is 207,391 AED or 1,286 AED/sqm. Rent for 4 bedroom apartment in Business Bay is 430,000 AED or 1,392 AED/sqm.
Business Bay is a residential and commercial district located in Dubai, United Arab Emirates. It is located on the banks of the Dubai Canal, and is home to a number of skyscrapers, hotels, and apartments. Business Bay was developed in the early 2000s, and is now one of the most popular residential areas in Dubai.
Some of the key distinctive features of Business Bay include:
Its proximity to Downtown Dubai and the Burj Khalifa
Downtown Dubai in Dubai
Its easy access to public transportation, including the Dubai Metro and Dubai Tram
Dubai Metro in Dubai
Dubai Metro in Dubai
Its wide range of amenities, including restaurants, bars, shops, and parks
Its vibrant nightlife scene
Some of the disadvantages of living in Business Bay include:
The high cost of living
The lack of green spaces
The congested roads
The hot and humid climate
Overall, Business Bay is a great option for those looking for a modern and convenient place to live in Dubai. However, it is important to be aware of the high cost of living and the lack of green spaces before making a decision to move there.
Area guide for property buyers in Business Bay
What areas are cheaper than 'Business Bay' area in Dubai but provide a similar quality of living?
1. Al Barsha
2. Jumeirah Village Circle
3. Discovery Gardens
4. International City
5. Al Warqa
6. Al Quoz
7. Mirdif
8. Al Khail Gate
9. Al Furjan
10. The Greens
What areas are better than 'Business Bay' area in Dubai and why?
1. Downtown Dubai: Downtown Dubai is a great alternative to Business Bay, as it offers a wide range of residential and commercial properties, as well as plenty of entertainment and shopping options. It is also home to some of the city’s most iconic landmarks, such as the Burj Khalifa and the Dubai Mall.
2. Jumeirah Beach Residence: Jumeirah Beach Residence is a great alternative to Business Bay, as it offers a wide range of residential and commercial properties, as well as plenty of entertainment and shopping options. It is also home to some of the city’s most iconic beaches, such as Jumeirah Beach and the Dubai Marina.
3. Dubai Marina: Dubai Marina is another great alternative to Business Bay, as it offers a wide range of residential and commercial properties, as well as plenty of entertainment and shopping options. It is also home to some of the city’s most iconic marinas, such as the Dubai Marina and the Palm Jumeirah.
4. Palm Jumeirah: Palm Jumeirah is a great alternative to Business Bay, as it offers a wide range of residential and commercial properties, as well as plenty of entertainment and shopping options. It is also home to some of the city’s most iconic landmarks, such as the Atlantis Hotel and the Palm Jumeirah Monorail.
5. Al Barsha: Al Barsha is a great alternative to Business Bay, as it offers a wide range of residential and commercial properties, as well as plenty of entertainment and shopping options. It is also home to some of the city’s most iconic malls, such as the Mall of the Emirates and the Dubai Mall.
Where is 'Business Bay' area in Dubai located?
Business Bay is located in the heart of Dubai, between Sheikh Zayed Road and Al Khail Road, close to Downtown Dubai and the Dubai Creek.
What are the things to do in and around 'Business Bay' area in Dubai and what are their locations?
1. Dubai Canal Cruise: Take a cruise along the Dubai Canal and enjoy the stunning views of the city skyline. Location: Business Bay, Dubai.
2. Dubai Water Canal Boardwalk: Take a leisurely stroll along the Dubai Water Canal Boardwalk and admire the views of the cityscape. Location: Business Bay, Dubai.
3. Dubai Mall: Shop till you drop at the world’s largest shopping mall. Location: Business Bay, Dubai.
4. Dubai Aquarium & Underwater Zoo: Explore the underwater world of the Dubai Aquarium & Underwater Zoo. Location: Business Bay, Dubai.
5. Dubai Fountain: Enjoy the spectacular show of the Dubai Fountain. Location: Business Bay, Dubai.
6. Burj Khalifa: Take in the views from the world’s tallest building. Location: Business Bay, Dubai.
7. Dubai Miracle Garden: Explore the world’s largest flower garden. Location: Al Barsha South, Dubai.
8. Ski Dubai: Enjoy a day of skiing and snowboarding at Ski Dubai. Location: Mall of the Emirates, Dubai.
What schools are there in and around 'Business Bay' area in Dubai and what are their locations?
1. GEMS World Academy Dubai - Al Khail Road, Business Bay
2. Kings' School Al Barsha - Al Barsha South, Business Bay
3. Dubai International Academy - Al Khail Road, Business Bay
4. Horizon International School - Al Khail Road, Business Bay
5. The Winchester School - Al Khail Road, Business Bay
6. The Indian High School - Oud Metha, Dubai
7. Emirates International School Meadows - The Meadows, Dubai
8. Dubai British School - Jumeirah Park, Dubai
9. Jumeirah College - Jumeirah, Dubai
10. Dubai International School - Al Barsha, Dubai
What medical clinics are there in and around 'Business Bay' area in Dubai and what are their locations?
1. Dr. Sulaiman Al Habib Medical Centre - Business Bay, Dubai
2. Emirates Hospital - Business Bay, Dubai
3. Medcare Medical Centre - Business Bay, Dubai
4. Aster Clinic - Business Bay, Dubai
5. Prime Medical Centre - Business Bay, Dubai
6. Medeor 24x7 Hospital - Business Bay, Dubai
7. Lifeline Hospital - Al Khail Road, Dubai
8. Medcare Women & Children Hospital - Al Khail Road, Dubai
9. American Hospital Dubai - Oud Metha Road, Dubai
10. Burjeel Hospital - Sheikh Zayed Road, Dubai
What hospitals are there in and around 'Business Bay' area in Dubai and what are their locations?
1. Medcare Women & Children Hospital, Business Bay, Dubai - Sheikh Zayed Road, Business Bay, Dubai
2. Medcare Orthopaedic & Spine Hospital, Business Bay, Dubai - Sheikh Zayed Road, Business Bay, Dubai
3. Medcare Hospital, Al Safa, Dubai - Al Wasl Road, Al Safa, Dubai
4. Medcare Hospital, Jumeirah, Dubai - Jumeirah Beach Road, Jumeirah, Dubai
5. Medcare Hospital, Mirdif, Dubai - Al Mizhar Road, Mirdif, Dubai
6. Medcare Hospital, Al Barsha, Dubai - Al Barsha Road, Al Barsha, Dubai
7. Medcare Hospital, Al Khawaneej, Dubai - Al Khawaneej Road, Al Khawaneej, Dubai
8. Medcare Hospital, Al Qusais, Dubai - Damascus Street, Al Qusais, Dubai
9. Medcare Hospital, Al Qouz, Dubai - Al Khail Road, Al Qouz, Dubai
10. Medcare Hospital, Al Garhoud, Dubai - Garhoud Road, Al Garhoud, Dubai
What parks are there in and around 'Business Bay' area in Dubai and what are their locations?
1. Dubai Water Canal Park: Located along the Dubai Water Canal, this park offers a variety of activities like cycling, jogging, and walking.
2. Dubai Creek Park: This park is located along the banks of the Dubai Creek and offers a variety of activities such as cycling, jogging, and walking.
3. Business Bay Park: This park is located in the heart of Business Bay and offers a variety of activities such as cycling, jogging, and walking.
4. Zabeel Park: Located in the heart of Dubai, this park offers a variety of activities such as cycling, jogging, and walking.
5. Al Khail Park: This park is located in the Al Khail area and offers a variety of activities such as cycling, jogging, and walking.
6. Jumeirah Beach Park: This park is located along the Jumeirah Beach and offers a variety of activities such as cycling, jogging, and walking.
Cap rate (or rental yield) - gross capitalization rate based on long term rentals, before taxes, fees and service charges and without accounting for delays between long term rentals. Shown average prices and rents.
(x%) shows share of off-plan properties in sales in the last complete month