Business Bay is one of Dubai’s fastest-growing and most dynamic districts in recent years. So, let’s find out more about it to understand why so many investors want to do business there. What about profit potential? According to some estimates, it could be up to 30% over the next twenty years!
The Dubai real estate market has also been booming, with prices and rents on the rise, particularly for prestigious properties. Business Bay is located between Downtown Dubai and Dubai Marina. To put it in the Dubai context, this is a modern district. Above all, it’s a rapidly growing area, characterized by numerous skyscrapers housing offices, apartments, hotels, restaurants, and much more.
The area is always bustling with tourists visiting the many stores and restaurants at street level. All of this while strolling through a picture-postcard setting, thanks to the characteristic Arabesque architecture that contrasts beautifully with the surrounding skyscrapers. Thanks to its strategic location and extensive infrastructure, Business Bay has become a preferred location for businesses, professionals, and residents alike.
In 2019, a luxury penthouse sold for over AED 33 million (around 250,000 euros at the time), setting a record for the whole of Dubai at that time. Even today, some properties in the same district are selling for three or four times that amount. In short, savvy investors looking to diversify their real estate portfolios with Dubai properties offering strong appreciation potential should seriously consider Business Bay.
If you’re interested in investing in Dubai at a certain level and taking advantage of this fantastic opportunity, don’t hesitate to contact prestige-immobilier-dubai.com. The real estate experts will give you an immediate overview of the current scenario and present you with the best offers available.
Business Bay’s return on investment
According to the most reliable forecasts, the Business Bay real estate market is set for sustained growth over the coming years.
Demand for Dubai apartments and quality office space in this central and strategic part of the city will continue to grow, from residents and businesses alike. At the same time, supply will remain limited, as most of the planned real estate projects have already been completed or are about to be.
Dubai real estate: promising profits
As a result, experienced real estate investors anticipate attractive medium- to long-term returns for properties in Business Bay. For example, for a mid- to high-end apartment, you can expect a capital gain of 10 to 15% in 3 to 5 years and 20 to 30% in 7 to 10 years.
For apartment or house rentals in Dubai, rents are expected to rise by 5-10% and 15-20%, respectively, over the same periods, representing annual gross rents of 8-10%.