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Business Bay has become the most lucrative area to rent properties in Dubai. It has several residential and commercial properties on offer. Even the growth rate has increased by 17% over the past two years. This significant growth of property for rent in Business Bay is due to its location and proximity to Sheikh Zayed Road, Dubai Water Canal, Downtown and the area between the Trade Center and Dusit Thani.
The strategic location of Business Bay offers modern, spacious architecture to all the skyscrapers built there or are under construction. One can rent a house in Business Bay in different configurations like studios, on the basis of bedrooms, townhouses, and even villas
Business Bay is the newest district but still one of the coolest neighbourhoods with a reputation for an ideal mix of both residential and commercial properties. The properties for rent in Business Bay offer high-quality accommodation, desirable cafes, bars, and lavish restaurants. There is a huge Business Avenue park where one can have a relaxing time. Dubai Water Canal is also a beautiful place with a paved cycling path and jogging track.
The total area of Business Bay is 6.573 km² with a population density of 2,999/km² as of 2018. As per estimate, the population of Business Bay was only 7,370 in 2015. But in 2018, the annual population change was 39%, raising the total number of inhabitants to 19,715. The rapid growth in population numbers increases the demand for property for rent in Business Bay. The demographics here include both immigrants and UAE citizens.
With more than 20,000 people residing in Business Bay, the neighbourhood is excellent for people who prefer living peacefully or want to stay in close proximity to their workplaces. The property for rent in Business Bay is mostly sought by working individuals, couples, immigrants, and families. Overall, 18% of the Business Bay area is covered by commercial buildings making it a huge industrial hub. Since it is a central location, renting a house or commercial property for rent in Business Bay is a great idea.
Due to the availability of basic infrastructures such as schools, parks, and fitness centres, immigrant families love renting houses in Business Bay. Business Bay is nowadays preferred by real estate investors due to its lucrative and substantial rental profits.
Within the Business Bay, you can find an expansive selection of townhouses, villas, office spaces, plots, apartments for rent in business bay and more. Furthermore, the size, style, and quality of the property will vary depending on your requirements. One can find several amenities along with a studio apartment, 2 and 3-bedroom apartments for rent in business bay, 4 to 5-bedroom villas or penthouses, and townhouses at different rental prices. You can check the properties for rent in Business Bay. You will also find office spaces, warehouses, shops, labour camps, and land as commercial property for rent in Business Bay. The property types available with an average rent price trend have studio apartments with starting rent price of AED 60,000, for 1-bedroom the rent is AED 81,000, and 2-bedroom it is AED 130,000. However, if you want a 3-bedroom apartment the rent price is AED 170,000 and for a 4-bedroom apartment, it is 399,000.
The most preferred houses for rent in Business Bay are 3-bedroom and 1-bedroom apartments. And the average rent for both of these properties for rent in Business Bay is mentioned below in the table.
| Apartment Type | Average Sales Price (AED) | Villas | Average Sales Price (AED) |
| Studio | 60,000 | 3-Bedroom | 157,500 |
| 1-Bedroom | 81,000 | 4-Bedroom | 310,000 |
| 2-Bedroom | 130,000 | ||
| 3-Bedroom | 170,000 | ||
| 4-Bedroom | 399,000 |
Business Bay is becoming a popular place for both residential and commercial purposes. The tenants residing here, however, have a delightful and calm lifestyle. The best part is that it is a safe neighbourhood for kids, and has access to utilities nearby along with fitness centres, retail malls, a beautiful park, Dubai Canal, and much more.
Since the area is a central location, it has flashy neighbourhoods, top-class restaurants and cafes. Also, several events take place to entertain and promote unity amongst the diversified citizens in Business Bay park. The people renting houses in Business Bay are living a life with style.
Business Bay is full of entertainment avenues like shopping malls, adventure zones, gyms, parks, and a lot more. In Bay Avenue Park, there are events and activities held from time to time for the diversified population that stays in Business Bay. These events connect everyone together. Another place that you can choose for jogging, cycling, and relaxing is the Dubai Water Canal. You can also enjoy the ferry rides and abra rides near the Dubai water canal. One more fun part is you can visit Mountain Extreme. It is an indoor wall-climbing facility with 127 routes and 129 bouldering challenges. There is so much to do here that living in Business Bay on rent is a complete package.
Here are some areas you can explore while renting a house in Business Bay.
There are as such no schools in Business Bay. However, it is a central location thus, there are several schools in nearby areas for kids and children of all ages. Even the distance between Business Bay and these schools is just a few minutes. Some of the schools are as follows: The English College Al Safa, Jumeirah English Speaking School, and the GEMS Our Own Indian School.
There are several restaurants and cafes in Business Bay that you can explore anytime and enjoy the popular cuisines on offer. The name of these amazing restaurants and cafes are as follows:
You can visit the Bay Avenue Mall. The mall has a lot of branded shops, restaurants, and other entertaining activities. The mall is a retail strip developed by Dubai Properties. From fashion to medical requirements you can have it all as Bay Avenue Mall is a one-stop location.
The nightlife in Business Bay Dubai has its own charm and fame. One can enjoy parties at various lounges till the twilight hours. Some of the best clubs are Nargui Five Dubai, Billionaire Dubai, 10AK Dubai, and Boa Dubai.
There are several facilities for commuters like the metro service, taxis, cars on rent, and buses. The Business Bay metro station lies between the Al Safa Metro Station and Burj Khalifa/Dubai Mall Metro Station. You can board any metro between these lines to reach Business Bay. You can directly reach Business Bay by booking a taxi from your locality. However, you can also rent a cab using car-sharing operators like Uber, UDrive, and Ekar. The other affordable option is travelling by us. You can use the Business Bay feeder buses - F14, F41, F19A and F19B to reach all the prominent towers in the neighbourhood.
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Rental prices monthly in Business Bay, UAE vary, but one can find apartments. It depends on factors like size, amenities, and location within Business Bay.
Business Bay is strategically located south of Downtown Dubai. Notable landmarks include Burj Khalifa to the northwest and Dubai Mall to the west.
Average rent prices in Business Bay range for apartments are influenced by factors impacting prices including property size, amenities, and proximity to key landmarks. For a studio AED 54k, for a 1 BHK is AED 73k and for a 2 BHK, it will cost AED 108k on average.
In addition to rent, tenants may incur maintenance charges, parking fees, and community service charges. These extra fees contribute to overall living costs in Business Bay.
Lease durations in Business Bay typically range from 12 to 24 months. Short-term options are available but may come at a higher monthly rate.
Renting in Business Bay is straightforward. Contact a real estate agent, view available properties, and submit required documents for a hassle-free process.
Business Bay offers various rental properties, including apartments, offices, and retail spaces, catering to diverse needs within this vibrant commercial and residential hub.
Business Bay provides a mix of furnished and semi-furnished apartments for rent, offering flexibility to tenants based on their preferences and needs.
To calculate property value in Business Bay, consider factors such as size, location, amenities, and current market trends. Real estate agents can assist in determining fair values.
Pet policies vary, but many rental accommodations in Business Bay allow pets. Confirm with property owners or management before bringing pets into your rented space.
