Business Bay — Dubai’s major business hub located right in the heart of the emirate
Business Bay is perfectly situated near the other important business centres of the emirate, including Downtown Dubai, the international financial centre of DIFC and the Dubai World Trade Centre business complex.
Business Bay has become one of the most important business centres in the emirate, often being compared to Manhattan in New York City. It is also a major tourist destination, thanks to being the location of major landmarks and sites such as Burj Khalifa, Dubai Mall and Dubai Opera. Booming nightlife, swanky bars and clubs and trendy salons attract people from all over who want a taste of excitement and extravagance.
The most common groups who choose to rent or buy housing in Business Bay include tourists coming to see the sights, businessmen attending exhibitions and events, as well as locals and foreigners who work nearby and want to reduce their commutes. Therefore, demand for both long- and short-term rentals remanns stable and the ROI starts around 6%.
Many internationally-known companies, such as Microsoft Gulf, Ernst & Young, Mastercard Middle East, Nestle Middle East, KPMG, and Deloitte have offices in Business Bay.
Burj Khalifa, Dubai Mall, Jumeirah Beach, the DIFC area and Downtown Dubai are all reachable in 15 minutes or less.
Sheikh Zayed Road and Al Khail Road, the main highways in Dubai, both cut through Business Bay, making it incredibly efficient to get to nearly any place in the emirate. There are bus and tram stops, a metro and even a boat station that will make getting around as convenient as possible.
Convenient location
Entertainment and leisure
You can watch the world-renowned water show, La Perle, in Al Habtoor City, visit the Bay Avenue shopping centre in the Executive Towers neighbourhood, marvel at the singing fountains and see a performance at the Dubai Opera.
Key features
The Dubai International Airport is just 20 minutes away
Global brand offices
Starting prices in Business Bay
The estimated profitability of real estate investments in the prestigious neighbourhood of Business Bay is approximately 6%.
Apartments AED 1,000,000 (USD 280,000)
Penthouses AED 4,650,000 (USD 1,260,000)
Duplexes AED 1,650,000 (USD 445,000)
One of the most advantageous reasons to invest in real estate in Dubai is gaining eligibility to receive a resident visa.
If the value of the property is AED 750,000 (USD 204,000) or more, the owner will become eligible for a 2-year resident visa. The owner will qualify for a 10-year Golden visa if the purchase amount of their investment meets or exceeds AED 2,000,000 (USD 545,000).
Buying a ready-made property also allows the owner to apply for a Golden visa.
Sponsoring resident visas on behalf of family members, including spouses and children regardless of age
Receiving a driver’s licence and open a local bank account
Enrolling children in public and private educational institutions
Using public utilities and telecommunication services, such as getting a local phone number
Reasons to invest in real estate in Dubai
Having the right to reside in the Emirates for 10 years, with the option of spending an unlimited amount of time outside the country
Being able to remain in the UAE until their visa expires even if the primary Golden visa holder has passed away
Sponsoring an unlimited number of resident visas on behalf of domestic staff
Resident visa for the purchase of real estate in Dubai
Those who hold a Golden visa receive even more privileges, including:
There are two types of mortgage options available to finance your future property investment:
You now have the opportunity to own property without having to pay the full amount right away.
The UAE has established a mortgage financing system with flexible terms and conditions for interested customers. Banks, financial institutions and service providers can assume a significant portion of the purchase cost of the property on behalf of the buyer, who will then repay it over a long period of time.
*EIBOR — The Emirates Interbank Offered Rate is the benchmark interest rate for lending between banks within the UAE. The Central Bank of the UAE publishes the reference rate that UAE banks use to issue loans every working day.
Mortgage financing — a convenient way to purchase real estate in the UAE
The interest rate for this type of mortgage will vary depending on the EIBOR*
This option provides the lender with a fixed payment rate from the beginning to the end of the loan term. The amount of the monthly instalments (EMI) will remain constant throughout the duration of the loan, making it easy to plan and pay back.
Why Metropolitan Premium Properties
Extensive global team
Metropolitan Premium Properties is a part of Metropolitan Group, which has over 700 people on its team worldwide to handle your product. With offices in Dubai, Abu Dhabi, Hong Kong, and Vienna, we provide our clients with global reach and a global mindset.
17 offices
in Dubai, Abu Dhabi, Hong Kong, and Vienna
>700
People on its team
Best-selling partner
Strong, mutually beneficial partnership is the cornerstone of success in any project. Our company is constantly in the Top-5 Best Performing Agencies among major UAE developers, including включая Emaar, Dubai Properties, Meraas, Nakheel and DAMAC.
Major UAE developers
including Emaar, Dubai Properties, Meraas, Nakheel and DAMAC
top-5
Best Performing Agencies
Strong reputation
Putting together our expertise and experience, we bring our comprehensive services to the market to work with developers on selling their real estate projects. Our impeccable, decade-long reputation speaks for itself, and as of Q3 2023, we have over 50 requests from developers to market and sell their properties.
>50 request
From developers to market and sell their properties
List your property with us
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Our Awards
Meraas Black Onyx 2023
dubizzle Agency of the Month
Damac Broker Awards 2022 Mid-Year 2 место
Emaar Broker Awards Q1 2023
2023
Best Real Estate Agency 5-20 Offices Arabia
2023
6th place in the Best Workplaces
Darglobal Top Performing Agency 2023
Best Real Estate Agency 5-20 Offices Dubai
2023
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