Business Bay
Business Bay is a vibrant financial district in Dubai, offering a mix of corporate high-rises, stylish apartments, and budget-friendly dining options. With stunning views of Downtown Dubai and easy access to Dubai Canal, it's a top choice for urban l
Project Overview
Straddling Dubai Creek, Business Bay is a contemporary financial district packed with corporate high-rises, stylish apartment buildings, and swanky hotels. Dubai Water Canal has jogging and cycling tracks plus a colorful mechanical waterfall. Mid-priced stores fill Bay Avenue mall, along with family-friendly dining options. Business Bay Dubai spans 46.9 million sq. ft., of which 22.1% is allocated for residential purposes, 18.5% for commercial use and 59.4% is dedicated to mixed operations.
"A popular lifestyle destination, Business Bay has it all. Located on the banks of Dubai Canal – a superb jogging spot – there are restaurants & cafes to suit every taste. A more affordable alternative to DIFC, with direct access to SZR."
Why short term let your investment
- Earn far greater revenue than a 12-month tenancy contract.
- No long term 12-month contract to sign with a tenant nor 12 month notice to give for possession.
- Consistent cash flow from rentals rather than waiting for cheques to clear.
- You can stay in the property yourself as well as friends and family.
- Need to sell? not a problem, do viewings in between guest stays.
- Sell as a vacant property so appeals to both investors and end users.
- Growing rate of travelers into Dubai – a full recovery to pre-pandemic levels of 7.5m a month.
Why we like this development
- The direct access off/to Sheik Zayed Rd.
- Views of Downtown Dubai are spectacular
- Quick access to Dubai Intl Airport
- Dubai Water Canal for joggers
- Branded restaurants
- A budget friendly destination
- Relaxed financial district
Bedroom | Studio | 1 | 2 | 3 | 4 |
|---|---|---|---|---|---|
Transaction Price (Avg.) | 822,500 AED N/A | 953,230 AED N/A | 1,651,800 AED N/A | 2,050,000 AED N/A | 3,750,000 AED N/A |
Long Term Letting Rate (Avg.) | 70,000 AED N/A | 85,000 AED N/A | 127,500 AED N/A | 155,000 AED N/A | 190,000 AED N/A |
Short Term Letting Rate (Avg.) | 110,000 AED
(354.84 /night)
85% Occupancy N/A | 135,000 AED
(435.48 /night)
85% Occupancy N/A | 197,000 AED
(635.48 /night)
85% Occupancy N/A | 240,000 AED
(774.19 /night)
85% Occupancy N/A | 280,000 AED
(903.23/ night)
85% Occupancy N/A |
Running Costs (Avg.) | 22,000 AED N/A | 27,000 AED N/A | 29,400 AED N/A | 48,000 AED N/A | 56,000 AED N/A |
Long Term - Net Return | 70,000 AED <red>(8.51%)<red> N/A | 85,000 AED <red>(8.92%)<red> N/A | 127,000 AED <red>(7.72%)<red> N/A | 155,000 AED <red>(7.65%)<red> N/A | 190,000 AED <red>(5.07%)<red> N/A |
Short Term - Net Return | 70,000 AED <red>(8.51%)<red> N/A | 157,000 AED <red>(9.54%)<red> N/A | 157,000 AED <red>(9.54%)<red> N/A | 192,000 AED <red>(9.37%)<red> N/A | 224,000 AED <red>(5.97%)<red> N/A |
Short Term vs Long Term - % Yield Difference (-/+) | 26% N/A | 27% N/A | 24% N/A | 24% N/A | 18% N/A |
Disclaimer: The figures given are averages and should be used for guidance purposes only and should not be relied upon as statements or facts.
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