Business Bay is planned to be the latest addition to the already booming Dubai real estate market and will become a new center of business in the Middle East. Business Bay, located next to the Sheikh Zayed Road in the center of Dubai, and with nearby developments such as Dubai International Financial Centre and Downtown Dubai, will be offering mixed-use high quality freehold property for both commercial and residential use in a perfect location. The project is designed to not only enhance Dubai’s reputation as one of the major business centers in the Middle East, but to bring more international corporations and business to Dubai.
Business Bay will offer a wide selection of freehold commercial and residential properties, which will help to meet the growing demand for office space and need for more residential housing units in Dubai. The Business Bay towers of Dubai will also provide a wide array of cafes, restaurants, and retail outlets to serve the needs of its residents, business people and visitors. Once the Business Bay project is complete, this huge development will bring in tens of thousands of people on a daily basis. It will help to truly establish the city of Dubai as the most thriving and prosperous city for business purposes in the entire region.
Business Bay is a project with more than two hundred towers slated for the development. Most of these towers are either almost finished or the construction is under way. The towers will surround Dubai Creek. Eleven additional kilometers have been dredged inland for the Business Bay project. All of the major infrastructure will be constructed to accommodate the project so that working and living at Business Bay will be both enjoyable and convenient. The Business Bay development is a concept and project created by the Dubai Holding Company. However, snly a small portion of the total area of land is under development by the Dubai Holding Company. Many of the land plots that are within Business Bay have been sold off to independent developers, including some of Dubai’s most famous and largest developers who are developing individual commercial and residential projects. The end result will undoubtedly be a varied mixture of freehold property, unique to any place in the world and part of a thriving and prosperous business environment. This will all fit in well with the Dubai lifestyle, as most of its residents are eager to be close to work.