Bay Square in Business Bay - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Bay Square

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	114	18,255	2,075,000

Rents in Bay Square

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	68	1,301	88,500
1	106	1,171	124,167

The cap rate (rental yield) of investments into Bay Square project is 6.6% on average.

The price of an apartment in Bay Square is 18,255 AED/sqm on average.

The long term rent of an apartment in Bay Square is 1,210 AED/sqm/year on average.

Price for completed 1 bedroom apartment in Bay Square is 2,075,000 AED or 18,255 AED/sqm.

Rent for Studio apartment in Bay Square is 88,500 AED or 1,301 AED/sqm.
Rent for 1 bedroom apartment in Bay Square is 124,167 AED or 1,171 AED/sqm.

About Bay Square

'Bay Square' in 'Business Bay' area project description

Bay Square is a mixed-use development project located in the Business Bay area of Dubai, United Arab Emirates. It is a joint venture between Meraas Holding and Dubai Properties Group. The project is spread over an area of 1.5 million square feet and consists of 11 buildings, each with its own unique design. The project is designed to create a vibrant and modern community with a mix of residential, commercial, retail, and leisure facilities.

The residential component of the project consists of two towers, each with its own distinct design. The towers offer a range of apartments, from studios to four-bedroom units, with a variety of amenities such as swimming pools, fitness centers, and children’s play areas. The commercial component of the project includes a number of office buildings, with a total of more than 1 million square feet of office space. The retail component of the project includes a variety of shops, restaurants, and cafes, as well as a cinema.

The leisure component of the project includes a number of outdoor activities, such as a jogging track, a skate park, and a beach volleyball court. The project also includes a number of green spaces, such as a park and a botanical garden. The project is designed to be pedestrian-friendly, with wide sidewalks and plenty of seating areas.

The project is designed to be a self-sustaining community, with a range of services and amenities, such as a supermarket, a medical center, and a bank. The project also includes a number of public transportation options, including a metro station and a bus station.

Overall, Bay Square is a mixed-use development project that is designed to create a vibrant and modern community with a mix of residential, commercial, retail, and leisure facilities. It is designed to be a self-sustaining community, with a range of services and amenities, and plenty of public transportation options.

Q&A on Bay Square

What are the advantages of 'Bay Square' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Bay Square is located in the heart of Business Bay, one of the most sought-after areas in Dubai. It is close to the iconic Burj Khalifa, Downtown Dubai, and the Dubai Mall.

2. Luxury Amenities: Bay Square offers a range of luxury amenities, including a gym, swimming pool, and a variety of restaurants and cafes.

3. Affordable Prices: The prices of Bay Square apartments are relatively affordable compared to other properties in the area.

4. High Rental Yields: The rental yields in Bay Square are higher than the average in Dubai, making it an attractive option for investors.

5. Flexible Payment Plans: Bay Square offers flexible payment plans, allowing buyers to pay in installments.

6. Quality Construction: The apartments in Bay Square are built to a high standard, ensuring that buyers get a quality product.

What projects are better than 'Bay Square' project in Dubai which are located close by, and why?

1. The Opus by Omniyat
- Iconic design by Zaha Hadid.
- Unique architecture creating a visually striking landmark.
- Mixed-use development offering office spaces, a hotel, and residences.
- High-end amenities and close proximity to fine dining and entertainment options.

2. Executive Towers
- Established community with a wide range of apartment sizes and configurations.
- Integrated with office spaces, retail outlets, and ample amenities.
- Direct access to Business Bay metro station and major road networks.
- Well-maintained public spaces and landscaped areas.

3. Vision Tower
- Premium office space designed with state-of-the-art technology.
- Architecturally striking with floor-to-ceiling glass windows offering panoramic views.
- Prime location for businesses looking for high visibility and easy access.

4. Paramount Tower Hotel & Residences
- Branded residences offering luxurious living experience.
- Hotel facilities available for residents, including spa, pool, and fine dining.
- Cinematic-themed interiors reflecting the brand’s dynamic style.
- Convenient access to Sheikh Zayed Road and central Dubai.

5. Al Habtoor City
- Mixed-use development featuring three luxurious residential towers.
- Home to the famous La Perle water show.
- Variety of dining, retail, and entertainment options within the complex.
- Scenic views of Dubai Water Canal and Burj Khalifa.

6. The Atria
- Modern development with a blend of residential and hotel apartments.
- Managed by the well-known hotel chain, Millennium Hotels.
- Comprehensive range of amenities including pools, gym, and spa.
- Strategic location with easy access to Downtown Dubai and financial districts.