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The Binary, Business Bay

The Binary, Business Bay

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Business Bay, Dubai

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Strengths

Modern architectural design

Strategic location

Comprehensive amenities

Weakens

High rental costs

Limited parking space

Noise levels

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Buildign Overview

Summary

  • The Binary in Business Bay is a modern mixed-use development that exemplifies luxury living and workspace integration.
  • Located in the heart of Dubai, this building is close to key attractions like the Burj Khalifa, Dubai Mall, and the Dubai Fountain.
  • Nearby facilities include numerous dining options, shopping centers, and recreational areas, enhancing its appeal for both residents and businesses.

Properties Overview

  • The Binary offers a range of residential and commercial properties, with popular units being one and two-bedroom apartments.
  • Current rental prices for apartments generally range from AED 60,000 to AED 120,000 annually, while sales prices start around AED 1 million, depending on size and view.

Market Trends

  • In the past year, there has been a steady demand for properties in Business Bay, leading to a moderate increase in rental prices of about 5%.
  • The sales market has seen heightened activity, particularly from investors attracted by potential high rental yields averaging around 7%.
  • Future expectations indicate continued growth, as Business Bay becomes increasingly established as a prime location for living and business.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • The vicinity includes several supermarkets, medical clinics, and schools, providing essential services for residents.
  • Renowned healthcare facilities such as Mediclinic City Hospital and American Hospital are easily accessible, ensuring quality medical care.

Transportation and Accessibility

  • Excellent public transportation links are available, including the Business Bay Metro Station and numerous bus routes.
  • The building offers secure parking for residents, making it easy to navigate to various parts of Dubai.

Lifestyle Amenities

  • Residents can enjoy a diverse selection of lifestyle amenities such as fitness centers, rooftop pools, and a range of restaurants offering global cuisine.
  • The neighborhood features parks and walking trails, promoting an active lifestyle amid the city’s buzz.

Builing Facilities

  • The Binary is equipped with advanced facilities including high-speed elevators, 24-hour security, and efficient central air conditioning.
  • On-site maintenance services ensure residents have prompt assistance for any issues, contributing to a hassle-free living experience.

Special Services

  • Unique services like concierge assistance, business lounges, and meeting rooms cater to both individual residents and business tenants.
  • Guest services are also available, providing easy accommodations for visitors.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of floor plans are available, including studio, one, and two-bedroom apartments, accommodating diverse lifestyle needs.
  • Commercial spaces are also designed to meet different business requirements, promoting flexibility and convenience.

Things to Consider

  • Potential tenants and buyers should consider factors such as location convenience, amenities, property management quality, and return on investment when choosing.
  • Researching neighborhood developments and market trends can also assist in making informed decisions.

Useful FAQs and Support

Events and Building Life

Building Events

  • Regular events are organized to foster community interaction, including seasonal gatherings and fitness classes, enhancing resident engagement.
  • Networking events for business tenants create opportunities for collaboration and partnership.

Community Identity

  • The Binary is distinctive for its architectural elegance and its deep connection to Dubai's urban lifestyle.
  • A vibrant mix of work and leisure encapsulates the essence of modern living in a cosmopolitan environment, making it a sought-after address.

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Detailed Buiding Insights

1. Family Friendliness

The Binary features various family-oriented amenities and nearby parks, but the overall environment tends to cater more toward professionals and singles.

Moderately Accommodating

2. Living Options

The community offers a range of living options, including modern apartments and suites, suitable for various lifestyles and preferences.

Contemporary and Varied

3. Safety And Security

The Binary benefits from a round-the-clock security presence and advanced surveillance systems, contributing to a strong sense of safety among residents.

Highly Secure

4. Transportation

The community is well-served by public transit, including bus routes and metro stations, making commuting relatively easy for residents.

Conveniently Accessible

5. Amenities And Facilities

The Binary boasts a wealth of amenities, such as fitness centers, swimming pools, and community lounges, enhancing resident comfort and lifestyle.

Richly Equipped

6. Cost Of Living

While costs can be a bit high due to the prime location, the variety of options allows for a range of budgets, making it accessible for many.

Moderately Priced

7. Things To Do

Residents enjoy a vibrant nightlife, diverse dining options, and cultural attractions within walking distance, ensuring ample entertainment.

Vibrantly Dynamic

8. Noise Levels

Given its location in a bustling business district, residents may experience moderate noise levels, especially during peak hours.

Generally Active

9. Pet Friendliness

While some accommodations allow pets, not all units are pet-friendly, and there are limited green spaces for pet activities.

Somewhat Welcoming

Schools

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Key Information

Developer: Omniyat Properties

Building Type: commercial

Building Age: 9 years(completed in 2015)

Floors: 21-storey & 24-storeys

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

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