Properties for sale in Business Bay

Property in Business Bay with residence permit

Properties in Business Bay, UAE, are ideal for both investors and those seeking a permanent residence. This prestigious business district in Dubai offers modern apartments in UAE, office buildings and luxury hotels. The area boasts excellent infrastructure for living, business and entertainment.

As a rapidly growing community, Business Bay is perfect for those who wish to be at the heart of the emirate's business and cultural scene. It’s home to the headquarters of major international companies, such as Deloitte and HSBC, making it a hub for business professionals. Residents benefit from easy access to key transport routes, including Sheikh Zayed Road and Al Khail Road, ensuring convenient connections to other parts of the city.

Downtown Dubai is just a 5-minute drive away, with popular attractions and one of the largest shopping centres in the world, Dubai Mall. The mall features premium brands, restaurants and entertainment venues, including an aquarium and Reel Cinemas.

Families with children will appreciate the nearby educational institutions, such as JSS Private School and Safa British School. Outdoor enthusiasts can enjoy the Dubai Water Canal promenade, which runs through the community, offering walking areas, cafês and recreational facilities.

Medical facilities, such as Emirates Hospital and Aster Clinic, are within an 8-minute drive, ensuring a comfortable living environment. Cultural enthusiasts will also have plenty to enjoy, with the Dubai Opera and Burj Khalifa just minutes away. With its convenient location and diverse infrastructure, the neighbourhood attracts investors, families, businesspeople and professionals seeking a blend of comfort and growth opportunities.

Residence permit in UAE by buying property in Business Bay

To obtain a residence permit in the UAE through property investment in the area, a foreigner must meet the minimum property value requirement: the property must be worth at least AED 750,000 (USD 204,000).

Once an apartment or villa in UAE is purchased, the owner and their family members can be granted a resident visa for two years, with the option for renewal.

The advantages of a resident visa include:

• The ability to enter and leave the country freely;
• Access to healthcare (via insurance) and educational institutions (both public and private, though subject to fees);
• A favourable tax regime (the UAE does not tax personal income);
• The right to develop your own business with company registration in one of the country's free zones.

These advantages make housing in the area particularly favourable for expats and investors wishing to access one of the world's fastest-growing markets.

Investment real estate in Business Bay

Property prices in Business Bay are showing excellent momentum. In H1 2024, the price per square metre increased by 3.06% and the average transaction amount grew by 5.77%. The data also indicates steady annual price growth in the neighbourhood. For instance, at the end of 2023, the price of under-construction apartments rose by 27% and a year earlier, the total growth was 22%.

The community's popularity among tenants and buyers further confirms the profitability of the investment. The average rental yield in the area is 6.7% per annum, which is particularly attractive to international investors seeking a stable passive income.

Additionally, investors can expect a significant increase in the value of under-construction housing, which is initially sold at more favourable prices. If you resell such a unit when it is handed over, the profit can exceed 30%, especially in premium projects. As the cluster continues to actively develop, properties in Business Bay for investment remain a strong investment opportunity.