About Business Bay
A Central Business District (CBD) in the heart of Dubai, Business Bay is an advance hub for businesses and residents. It also serves as a platform for local and international corporations who have made Dubai their homes. With its eminent 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 desirous 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, 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.