Business Bay is a rapidly developing business and residential district located in the heart of Dubai, United Arab Emirates. It is known for its modern high-rise buildings, luxurious waterfront properties, and proximity to popular destinations such as Downtown Dubai and the Burj Khalifa. With its central location, upscale amenities, and thriving real estate market, Business Bay has become a sought-after destination for both business and leisure travelers.
Dubai has seen 6,128 transactions for apartments over the past 90 days, with a total value of AED 10.8 billion while inside Business bay, there have been 502 transactions in apartment projects, worth a total of AED 614.7 million.
The top apartment projects in Business Bay based on transaction volume are:
- Aykon City Tower C (35 transactions)
- Reva Residences (31 transactions)
- Paramount Tower Hotel and Residences Downtown (19 transactions)
- Regalia Residences (19 transactions)
- Peninsula One (19 transactions)
- Prive by Damac Tower A (18 transactions)
- Executive Tower B (East Heights 4) (16 transactions)
- 15 Northside Tower 2 (16 transactions)
- Peninsula Two (14 transactions)
- Elite Business Bay Residence (14 transactions)
Aykon City Tower C is among the top 10 apartment projects in Dubai in terms of transaction volume.
Serviced/hotel apartments in Dubai have seen 352 transactions worth AED 1.1 billion in the past 90 days out of which Business Bay has seen 29 transactions for serviced/hotel apartments, worth a total of AED 34.5 million.
The top serviced/hotel apartment projects in Business Bay based on transaction volume are:
- DAMAC Royale (DAMAC Towers) by Paramount Towers C (6 transactions)
- Aykon City Tower B (5 transactions)
- Bays Edge (4 transactions)
- Prive by Damac Tower A (3 transactions)
- Majestine Allure (2 transactions)
- The First Collection Business Bay (2 transactions)
- Paramount Tower Hotel and Residences Downtown (1 transaction)
- DAMAC Royale (DAMAC Towers) by Paramount Tower B (1 transaction)
- DAMAC Royale (DAMAC Towers) by Paramount Tower A (1 transaction)
- Park Lane Tower (1 transaction)
For office property, there have been 103 transactions worth AED 111.7 million in Dubai over the past 90 days.
Business Bay has seen 51 transactions for office property worth a total of AED 62.1 million in the same time period.
The top office property projects in Business Bay based on sales worth are:
- Regal Tower
- The Oberoi Centre
- Bay Square 1
- Silver Tower
- Regal Tower, The Oberoi Centre, and Bay Square 1 rank 1st, 2nd, and 3rd, respectively, in terms of sales worth for office property.
- In terms of transaction volume, the top 10 office property projects in Dubai are:
- Regal Tower (10 transactions)
- Silver Tower (8 transactions)
- Tamani Arts Tower (6 transactions)
- Churchill Executive (4 transactions)
- Bay Square 1 (3 transactions)
- B2B Tower (2 transactions)
- Sobha Ivory Towers 2 (2 transactions)
- Opal Tower (2 transactions)
- The Oberoi Centre (2 transactions)
- Park Lane Tower (3 transactions)
All the transactions recorded in Business Bay fall under the affordability range of AED 500k to 5 million.
The information provided is from the sources of the Broker Terminal, an innovative platform that boasts an impressive scope, covering over 6,000 real estate projects across all freehold locations in Dubai. This includes comprehensive details about 360 developers and their respective projects. With such an extensive and thorough database, Broker Terminal serves as an unmatched resource for investors seeking to make informed decisions in the Dubai real estate market. Its unparalleled depth and breadth of information make it an essential tool for anyone looking to stay ahead of the curve in this fast-paced industry.
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