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Bay Square 8, Business Bay

Bay Square 8, Business Bay

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Business Bay, Dubai

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Strengths

Prime Location

Modern Architecture

Diverse Amenities

Weakens

Traffic Congestion

Limited Parking Space

Noise Levels

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Buildign Overview

Summary

  • Bay Square 8 is a prestigious mixed-use development located in the heart of Business Bay, a vibrant business district in Dubai.
  • The building is strategically situated near Dubai Water Canal, offering stunning views and easy access to the waterfront.
  • Proximity to essential amenities such as retail shops, cafes, and restaurants enhances the lifestyle of its occupants.
  • Well-connected by public transportation, including metro stations and bus routes, ensuring easy commuting.
  • Notable nearby landmarks include the Burj Khalifa, Dubai Mall, and the Dubai International Financial Centre (DIFC).

Properties Overview

  • Bay Square 8 offers a range of residential units, primarily comprising studio, one, and two-bedroom apartments.
  • The building features a mix of rental and sales opportunities, catering to both investors and tenants.
  • Rental prices generally range from AED 60,000 to AED 120,000 annually, based on unit size and floor level.
  • For buyers, the sales prices can vary significantly, with popular units often priced between AED 1 million to AED 2.5 million.
  • The demand for properties in this area has surged due to its prime location and modern amenities.

Market Trends

  • The real estate market in Business Bay has shown steady growth, with an increase in rental demand by approximately 5% over the past year.
  • Sales prices have also appreciated, reflecting a healthy market with good investment potential.
  • The average return on investment (ROI) for properties in Business Bay generally stands between 6% to 8%, making it appealing for real estate investors.
  • Future trends indicate continued interest in properties within Business Bay due to ongoing developments and an influx of businesses.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents can easily access various supermarkets like Spinneys and Carrefour, providing convenient shopping options.
  • Educational institutions including schools and nurseries are within a short driving distance, making it suitable for families.
  • Healthcare facilities, including hospitals and clinics, are nearby, ensuring that residents have access to quality medical care.

Transportation and Accessibility

  • Business Bay is well-served by public transportation, including the Dubai Metro's Business Bay Station.
  • Easy access to Sheikh Zayed Road and Al Khail Road provides seamless connectivity to other parts of Dubai.
  • Ample parking facilities within and around the building accommodate residents and their visitors.

Lifestyle Amenities

  • The development boasts several lifestyle amenities including swimming pools, fully-equipped gyms, and landscaped gardens.
  • A variety of dining options, ranging from casual cafes to upscale restaurants, are situated within the Bay Square area.
  • Recreational facilities such as parks and jogging tracks along the waterfront promote an active lifestyle.

Builing Facilities

  • Bay Square 8 offers advanced security systems and on-site management to ensure residents' safety and comfort.
  • Modern elevators and accessibility features are in place to cater to all occupants, enhancing mobility throughout the building.
  • Central air conditioning systems provide a comfortable internal environment year-round.

Special Services

  • Residents can enjoy concierge services, providing assistance with everyday needs and bookings.
  • Business centers within the building cater to professionals seeking workspaces without traveling far.
  • Guest services are available, adding convenience for residents with visitors.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of floor plans are available for purchase or rent, ranging from efficient studios to spacious two-bedroom apartments.
  • Each unit is designed with modern finishes and ample natural light, appealing to a diverse range of occupants.

Things to Consider

  • When considering a move to Bay Square 8, evaluate the property's proximity to work, schools, and other amenities.
  • Potential buyers should assess their financing options and the potential ROI on investment.
  • For renters, it's crucial to review lease terms and included utilities for an informed decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • Bay Square 8 regularly hosts community events and gatherings, fostering a sense of community among residents.
  • Social opportunities such as yoga classes and wellness workshops are organized to enhance residents' well-being.

Community Identity

  • The architectural design of Bay Square 8 reflects modern elegance, making it a notable landmark in Business Bay.
  • Its vibrant community atmosphere is bolstered by diverse cultural events and outdoor activities organized throughout the year.

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Detailed Buiding Insights

1. Family Friendliness

Bay Square 8 offers various family-friendly amenities such as parks and recreational areas, making it suitable for families, although it could improve on educational facilities nearby.

Moderately Welcoming

2. Living Options

The community features a variety of living options, from apartments to townhouses, catering to different tastes and budgets, enhancing its appeal amongst various demographics.

Diverse Selection

3. Safety And Security

The area is equipped with modern security measures and a visible security presence, providing residents with a strong sense of safety and peace of mind.

Highly Secure

4. Transportation

Bay Square 8 is well-connected to public transport options, including metro stations and bus routes, making commuting and traveling in and around the city easy.

Exceptionally Convenient

5. Amenities And Facilities

The community boasts a plethora of amenities, including swimming pools, gyms, retail shops, and restaurants, providing residents with everything they need within close reach.

Richly Equipped

6. Cost Of Living

While some options are affordable, prices can be higher for premium units, which might pose a challenge for some families or individuals on tighter budgets.

Moderately Priced

7. Things To Do

There is a wide range of activities available, including dining, shopping, and cultural events, making it an exciting place for residents looking for things to do.

Vibrantly Diverse

8. Noise Levels

Despite its urban setting, Bay Square 8 maintains a relatively quiet atmosphere, thanks to well-designed spaces that limit noise pollution from surrounding areas.

Generally Peaceful

9. Pet Friendliness

The community is quite pet-friendly, featuring parks and pet areas, although restrictions may apply to certain properties regarding type and size of pets.

Warmly Accommodating

Price Insights

Average Prices
This data displayed is based on properystellar last 12 months data.
Name Type Avg. Price (AED / year)
apartment (0Beds)
Rent
69.6K AED
apartment (1Beds)
Rent
125K AED

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Key Information

Rent: 60K AED - 125K AED

Developer:  Dubai Properties

Building Type: Commercial

Building Age: 10 years(completed in 2014)

Unit Types :  Offices and shops

Floors: 11

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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