Property description

Business Bay is a central business district under construction in Dubai, United Arab Emirates. The project features numerous skyscrapers located in an area where Dubai Creek will be dredged and extended. Business Bay will have upwards of 240 buildings, comprising commercial and residential developments. The infrastructure of Business Bay has been completed in 2008, and the entire development is expected to be completed between 2012-2015. Business Bay is part of the vision of His Highness Sheikh Mohammed Bin Rashed Al Maktoum, UAE Vice President, Prime Minister, Minister of Defence, and Ruler of Dubai. Business Bay will be a new "city" within the city of Dubai and is being built as a commercial, residential and business cluster along a new extension of Dubai Creek extending from Ras Al Khor to Sheikh Zayed Road. Covering an area of 64,000,000 square feet (5,900,000 m2), once completed it will comprise office and residential towers set in landscaped gardens with a network of roads, pathways and canals. It will become the region"s business capital as well as a freehold city.

The entire development covers an area of 46,900,000 sq ft (4,360,000 m2), and the gross leasable area is 78,500,000 sq ft (7,290,000 m2). The projected population of the entire development is more than 191,000, and the estimated population of employers and others is 110,000, making the total population more than 300,000. Commercial development will comprise 2,653,244 sq ft (246,494.4 m2), which is 18.5 percent of the entire development; mixed use development will comprise 8,520,368 sq ft (59.4 percent); and residential development will cover 3,163,628 sq ft (22.1 percent). Business Bay will cost AED 110 billion (USD 30 billion).

Bay Square is a mixed-use community within Business Bay. The entire development will be a pedestrian-only zone, and will include walkways over canals. It will cover over 2,400,000 square feet (220,000 m2) and will be located 1 km away from Sheikh Zayed Road within Business Bay. When completed it will comprise canals, sidewalks, restaurants, cafes and retail stores. It will have 1,600,000 sq ft (150,000 m2) of office space; Bay Square will host numerous small and medium-sized enterprises. When Bay Square completes there will be approximately 575 offices with an average size of 2,000 sq ft (190 m2). Bay Square is expected to be completed in 2010. It will comprise the following buildings:

- Bay Square Commercial Building
- Bay Square Hotel
- Bay Square Office Building (10 Office Buildings in total)
- Bay Square Residential Building

Dubai Creek Extension is a part of the Business Bay development. The plan involves the expansion of the current 14 km long Dubai Creek to 26.2 km. Dubai Creek will be extended from its original place to Business Bay to the Persian Gulf through Safa Park and Jumeirah. The project will be carried out in three phases. Completion was scheduled for 2007, but is now expected by the end of 2010. Some 10 kilometres of the total 12.2 kilometres of the Dubai Creek extension work has already been completed in Business Bay.

Business bay is connected to Red Line of Dubai Metro with Business Bay Station, which opened on 25 April 2010, together with most of the remaining stations of Dubai Metro"s Red Line.

Property Features :

• Balcony
• Basement parking
• BBQ area
• Built in wardrobes
• Central air conditioning
• Central heating
• Community View
• Covered parking
• Fully fitted kitchen
• Gymnasium
• Sauna
• Shared swimming pool
• Steam room
• View of sea/water
• 24 hours Maintenance
• Business Center
• Children's nursery
• Children's play area
• Communal gardens
• Fitness Center
• Laundry Service
• Public park
• Public parking
• Public transport
• Restaurants
• Shopping mall
• Shops
• Walking Trails