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ARTICLE
The Business Bay
Business Bay is literally a city in Dubai, and is touted as being the
city which will make the United Arab Emirates a big business and
commercial marketplace. The Dubai Festival Center is its closest
neighbor. The business area extends right from Dubai Creek near Ras
Al Khor, to Sheikh Zayed Road. It is promoted, and is maintained by
the Dubai Properties, a Dubai Holding member. In Dubai, Business Bay
is the primary commercial district, and houses many high-rise offices
in that locality. There are 230 buildings in total at the Business
Bay, which attracts residential apartment promoters, as well as
international companies.
Concept of Business Bay
Business Bay is to Dubai, what Manhattan is to New York. The famed
Dubai Creek, a landmark in the history of Dubai’s civilization which
turned it from a pearl diving and a merely fishing center to an
overseas port, has been elongated taking into account the importance
that it holds as the primary commercial center of Dubai. In fact,
Business Bay has assumed the benchmark of the progression of Dubai;
something that had a great role to play behind the success of Dubai
Creek.
Initiative behind Business Bay
In the recent past, Dubai has witnessed many great successful
commercial opportunities like the Dubai Media City and the Dubai
Internet City, to name a few. But Business Bay assumes a significant
importance in this respect, as the project was initiated after
careful study by top consultancy firms of the world, and this
reflects the long-term vision that UAE had regarding Dubai’s future.
Business requirements
The Business Bay is touted to solve Dubai’s long run growth plans.
Owing to the annual growth rate of between 5% and 9%, United Arab
Emirates is a major attractor for foreign investors. Many
international concerns are increasingly setting up offices in Dubai,
which provides for many successful home companies as well. Such a
development has resulted in increased demand and less supply. This
necessitates the development of Business Bay to cater to the needs of
the society. Besides, economic reforms are being made to attract
foreign capital as well.
Ambience of Business Bay
The ambience at the Business Bay, with luxurious apartments and
comfortable offices, speak for themselves. There is a courtyard in
the area of business which provides for many social activities, area
meant for playing, plazas and arcades. The rare marriage of new
themes of architecture with latest amenities makes a great
attraction. Podium is yet another added feature that connects
residential buildings and allows for blanketed walkways and pathways
for people.
The location
As mentioned earlier, the Business Bay’s location lies away from the
Dubai Creek, and extends right from Ras Al Khor to Sheikh Zayed Road.
This location is appropriate for trading on an international scale
since one corner of this growth intersects Sheikh Zayed Road, which
is famous for the offices that it has, the international companies,
and also the international financial center of Dubai. There are many
international hotels at Sheikh Zayed Road as well, like Shangri-La
and Emirates Towers. When it comes to the Dubai Creek, Business Bay
has the Dubai Festival Center as its immediate neighbor, which is a
development in the leisure and retail field, and very much near the
international airport of Dubai.
Keywords: Dubapy Property, Bayut.com, Dubai
Real Estate, Dubai Homes, Business Bay Dubai, Dubai Property
Rentals, UAE Real Estate
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