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DAMAC Executive Bay, Business Bay

DAMAC Executive Bay, Business Bay

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Business Bay, Dubai

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Strengths

Prime Location

Modern Architecture

Excellent Facilities

Weakens

High Rental Costs

Traffic Congestion

Limited Parking Space

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Buildign Overview

Summary

  • DAMAC Executive Bay is a premier commercial and residential property located in the vibrant Business Bay area of Dubai.
  • It boasts proximity to major landmarks such as Burj Khalifa, Dubai Mall, and Dubai Water Canal, enhancing its appeal for both residents and businesses.
  • The building is well-connected to essential amenities and public transport options, making it an attractive location for professionals and families alike.

Properties Overview

  • DAMAC Executive Bay features a diverse range of properties, including luxury apartments and commercial spaces suitable for investment.
  • Popular property types include 1, 2, and 3-bedroom apartments with spacious layouts and lavish interiors.
  • Rental prices range from AED 75,000 to AED 150,000 annually, while sales prices for units may vary between AED 1.2 million and AED 2.8 million, depending on size and specifications.

Market Trends

  • The real estate market in Business Bay has seen a steady increase in demand, with rental yields typically averaging around 6-8% for buyers.
  • Sales prices have exhibited a year-on-year growth of approximately 5%, with predictions of continued appreciation due to ongoing infrastructure developments.
  • Investors should be aware of the evolving market dynamics, including increased competition and opportunities for capital gains in the near future.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Nearby essential services include Al Jazeera Supermarket, reputable schools such as International School of Arts and Sciences, and healthcare facilities like Mediclinic City Hospital.

Transportation and Accessibility

  • The building enjoys excellent connectivity via Dubai Metro and various bus routes, with ample parking facilities for residents and guests.
  • Easy access to major roadways such as Sheikh Zayed Road facilitates travel to other parts of Dubai.

Lifestyle Amenities

  • Residents and tenants have access to a range of lifestyle amenities, including state-of-the-art gyms, health clubs, fine dining restaurants, and nearby hotels.
  • Outdoor enthusiasts can enjoy picturesque views along the Dubai Water Canal.

Builing Facilities

  • DAMAC Executive Bay offers modern facilities, including high-speed elevators, 24-hour security services, central air conditioning, and reliable maintenance support.

Special Services

  • Unique services offered include a concierge service to assist residents, business centers for professionals, and guest services to accommodate visitor needs.

Planning Your Move or Investment

Floor Plans and Property Types

  • A selection of well-designed floor plans is available, catering to various lifestyles and preferences for both renters and buyers, ensuring suitability for individuals and families.

Things to Consider

  • Prospective tenants and buyers should evaluate aspects such as community amenities, property management services, and proximity to workplaces or schools before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • DAMAC Executive Bay regularly hosts community events and networking opportunities to foster interactions among residents, enhancing the building's vibrant community spirit.

Community Identity

  • What distinguishes DAMAC Executive Bay is its blend of luxury living and professional environments, alongside a focus on community engagement and premium lifestyle offerings.

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Detailed Buiding Insights

1. Family Friendliness

The community offers good facilities for families, including parks and recreational areas, although some amenities may be more geared towards professionals.

Moderately Welcoming

2. Living Options

A range of living options is available, including luxurious apartments and serviced residences catering to different needs and budgets.

Diverse Choices

3. Safety And Security

The area has robust security measures in place, including 24/7 surveillance and secure access points, making it a safe environment for residents.

Highly Secure

4. Transportation

Public transport options are highly accessible, including proximity to metro stations and major roadways, facilitating easy travel within Dubai.

Conveniently Accessible

5. Amenities And Facilities

The community is rich with amenities such as swimming pools, gyms, retail outlets, and dining options, enhancing the quality of life for residents.

Well-Equipped

6. Cost Of Living

While prices can be premium compared to other areas, the cost is justified by the quality of living and amenities available.

Moderately Priced

7. Things To Do

Residents can enjoy a variety of entertainment options including shops, restaurants, and leisure activities, making it a vibrant community.

Vibrantly Engaging

8. Noise Levels

Most of the area maintains a pleasant level of peace, although certain times may see increased activity due to nearby workplaces.

Generally Quiet

9. Pet Friendliness

The community is relatively pet-friendly, with some pet amenities and parks, though pet policies may vary between residential buildings.

Welcoming to Pets

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Key Information

Developer: DAMAC Properties

Building Type: Residential

Building Age: 1`0 years(Date of completion: 2014)

Unit Types : Studio, 1 and 2-bedroom apartments, office spaces and retail options

Floors: 19 and 21

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

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