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Damac Business Tower, Business Bay

Damac Business Tower, Business Bay

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Business Bay, Dubai

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Strengths

Prime Location

Modern Architectural Design

High-End Amenities

Weakens

High Rental Costs

Traffic Congestion

Limited Parking Space

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Buildign Overview

Summary

  • Damac Business Tower stands as a premier commercial development located in the vibrant Business Bay district of Dubai.
  • This tower is strategically situated near key landmarks such as the Burj Khalifa and the Dubai Mall, offering easy access to essential facilities.
  • Proximity to major highways and public transportation hubs enhances connectivity to various parts of the city, making it an attractive option for businesses.

Properties Overview

  • Damac Business Tower features a mix of office spaces available for both rent and sale, catering to a diverse range of business needs.
  • Prominent property offerings include spacious offices with modern designs, with typical rental rates ranging from AED 100,000 to AED 300,000 per annum depending on the size and specifications.
  • Units for sale vary widely in price, generally starting from AED 1.5 million for a small office.

Market Trends

  • The commercial property market in Business Bay has shown steady growth, with rental prices stabilizing and potential increases anticipated in the coming years.
  • Many tenants experience a return on investment (ROI) between 7% - 10%, indicating a strong interest from investors.
  • Recent trends show a shift towards flexible workspaces, creating a demand for customizable office layouts.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents and tenants benefit from nearby supermarkets, international schools, and reputable healthcare facilities, including clinics and hospitals.

Transportation and Accessibility

  • The building is well-serviced by public transportation, including the Dubai Metro and bus routes, ensuring ease of travel.
  • Ample parking spaces are available for tenants and visitors, enhancing accessibility to the tower.

Lifestyle Amenities

  • Damac Business Tower offers access to cafes, restaurants, fitness centers, and leisure attractions, promoting a balanced work-life environment.
  • Nearby recreational spots encourage outdoor activities and sports.

Builing Facilities

  • The tower features modern elevators, 24/7 security services, central air conditioning, and maintenance support to enhance user experience.

Special Services

  • Additional offerings include concierge services, business centers, and meeting facilities that cater to business requirements.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of adaptable floor plans is available, with options for both traditional offices and more contemporary co-working spaces.

Things to Consider

  • Potential tenants and buyers should evaluate factors such as office size, lease terms, and nearby amenities before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • Damac Business Tower hosts regular business networking events, community gatherings, and seminars, fostering a sense of community among tenants.

Community Identity

  • The tower’s contemporary architecture and vibrant location contribute to its unique identity as a hub for innovation and business in Dubai.

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Detailed Buiding Insights

1. Family Friendliness

While there are some amenities geared towards families, the environment is predominantly business-focused, making it less suitable for young children.

Moderately Friendly

2. Living Options

Damac Business Tower offers a range of living options including luxury apartments with various layouts, appealing to both singles and families.

Highly Diverse

3. Safety And Security

The tower has robust security measures in place, including 24/7 surveillance and on-site security personnel, ensuring the safety of residents.

Exceptionally Secure

4. Transportation

Location is well-connected to public transport and major roadways, making commuting efficient for residents.

Very Convenient

5. Amenities And Facilities

Amenities include a gym, pool, and conference rooms, providing a well-rounded experience for residents and professionals alike.

Richly Equipped

6. Cost Of Living

Due to its prime location and luxury offerings, the cost of living can be on the higher side, making it less accessible for budget-conscious individuals.

Relatively High

7. Things To Do

Business Bay is known for its array of dining, shopping, and entertainment options, ensuring that residents have plenty to explore.

Vibrantly Diverse

8. Noise Levels

Being in a busy business district, there can be a fair amount of noise from traffic and business activities, which might be a consideration for some.

Moderately Noisy

9. Pet Friendliness

Certain pet policies exist, and while some residents do have pets, the environment may not be completely ideal for animal ownership.

Somewhat Accommodating

Schools

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Key Information

Developer: Damac Properties.

Building Type: office building

Building Age: 13 years(completed in 2011)

Unit Types : Offices and retail stores

Floors: 25-storey

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

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