The district of Business Bay in Dubai is one of the most attractive districts for real estate purchase

The district of Business Bay in Dubai is one of the most attractive districts for real estate purchase

09.06.2022

The district of Business Bay in Dubai is one of the most attractive districts for real estate purchase

Real estate price in this district increased by one fifth of the prices actual two years ago.

With regard of the fact that middle link investors and buyers are still interested in the district and its not so expensive apartments, Business Bay still demonstrates one of the highest real estate cost growth indices in Dubai. However, it is still the one fifth: for example, growth in Dubai Marina for the same period was over 25%, i.e., by quarter.

It proves that growth is not limited only to luxury and expensive districts, such as Palm Jumeirah and others.
The increase in housing prices in Business Bay district for several years is striking. The district becomes the central part of the city, causing the intensified shift of Dubai urban priorities. That does not mean that other districts are ignored but the proportion ration of district importance changes.

Nevertheless, we should admit that Business Bay stands on border with other leading districts, and starts dictating its rules as a neighbor of the richest districts.

Actually, we talk not only of real estate, apartments, and commercial premises. Just think for a second: the price of tickets for luxury class deals in the most important districts of Dubai, and the surroundings, is in position of approx. 15 mln $. Earlier, such economic policy would be considered nonsense and audacious in Dubai, but now it provides stable growth of a business district and premium conditions for the district development in Dubai.

If we take a look at surroundings…

For the last several years, developers sold around 7 thousand apartments on the territory of Business Bay, by quarter lower, in average, than in other expensive districts. After the start of the worse coronavirus phase reduction in autumn 2020, new investors and developers entered the market: for example, Deyaar, that announced the launch of sales in new Regalia tower, with huge demand for its apartments that emerged instantly.

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