Why Is Business Bay Dubai Running Out Of Inventory So Fast?
It is not wrong to say that Business Bay Dubai
, a central business district of Dubai with more than 200 commercial and residential towers, is one of the top-notch modern developments. Most of the real estate experts relate the continuous buzz and the non-construction activity with New Yorks Manhattan area but now Dubais Business Bay fits the bill too. Dubai Business Bay is located right next to Downtown Dubai so that one can easily access the area. Due to its strategic location, planning and construction style Business Bay is considered as an incredible Dubai property project. It is an income and company tax free zone that entices a lot of international entrepreneurs to establish their business headquarters.
Most of the developments of Business Bay are commercial while rests are residential developments. One can freely purchase his own freehold floor, office and apartments. The truth is that central business district has hardly any land plot left to sell especially, in Phase I and II. Most of the plots are under construction or at least in the designing phase. Developers are in negotiations with lenders and investors. These development activities indicate that there is a massive demand of Business Bay properties. If anyone is planning to be a part of this magnificent project now,
Business Bay rent properties are the only options that you are left with.
Lets discover in the following article as to why the value and demand of Business Bay Dubai has suddenly increased over the years.
Top notch Development
Business Bay is a happening, incredible and the most desirable property project of Dubai. It is a city within the city and has an infrastructure that facilitates advancement of local and international business. It is home to the worlds most famous commercial and residential developments such as Bristol Residency, B2B Tower, and Crystal Tower among many others.
A few other popular shopping and recreational spots in Business Bay include Bay Square, Metropolitan Hotel, Bay Avenue, Business Bay Hotel, Grand Metroplex, The Executive Towers, Safa Park, and Safestay Supermarket., Business Bay, as the name indicates, features top-notch commercial developments, corporate offices, luxury shopping malls, restaurants and world famous hotels. With Business Bay rent constantly on the rise for both residential and commercial units, it is home to some of the most expensive and chic apartments.
The community is a fine blend of commercial and residential developments. Whether some one wants a corporate office, a retail outlet or a luxury apartment, Business Bay remains the top priority for the residential and corporate tenants, buyers and investors.
Detailed Infrastructure
Business Bay is a cornerstone to extend the role of the UAE as a leading international commercial and business centre. Before initiating this project, extensive studies by leading international consultancies had been undertaken regarding its location, its infrastructure and designing because Business Bay reflects how Dubai is keen to bring businesses back to the region. Modern infrastructure and world class facilities are added in addition to the Emirates existing business friendly rules and regulations so that Business Bay can attract a large number of local and international businesses.
Dubai Business Bay features facilities like optic fibre in a number of corporate buildings and landscaped gardens interspersed with a network of roads, sideways and canals. The residential apartments for sales and rent in Business Bay are also developed with the intention to provide maximum comfort and luxury to the owners and tenants. This is the reason that the demand for Business Bay property has hardly dropped since its launch.
Despite hard times in Dubai realty sector, Business Bay showed consistent sale, rent and investment activities throughout the hard time slot. The construction work remained in progress here.
by: William
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