A Central Business District (CBD) in the heart of Dubai, Business
Bay is a thriving hub for businesses and residents. It also serves as a cradle
for local and international corporations who have made Dubai their homes. With
its distinguished location neighboring Dubai International Financial Center
(DIFC), the largest canal project, and the tallest tower in the world– Burj
Khalifa, it is no wonder that Business Bay is the hottest location in town.
Business Bay is often compared to Manhattan in New York
City, one of the most coveted and prestigious places to live and work in by
both locals and expats alike. The area covers about 46.9 million square feet
and 22.1 percent of this is occupied by residential buildings while 18.5
percent is allotted for commercial use. The remaining 59.4 percent, however, is
for mixed usage.
Off plan projects in Business Bay are considered as a
lucrative investment because of its prime location and high demand. Due to this
demand where business and residents are drawn to the vicinity, there is a
continuous flow of rapid development when it comes to buildings under
construction. In fact, the area is considered as the fastest growing locations
in Dubai with a growing rate of 5 to 7 percent annually.