Business Bay Dubai
Set to be the biggest and best business hub in the Middle East, Business Bay is going to be the financial centre of Dubai`s growing economy. The project, created by His Highness Sheikh Mohammed bin Rashid Al Maktoum, is currently under construction and is based on other key financial districts such as Manhattan in New York, and Canary Wharf in London. The Business Bay, developed by Dubai Holding Group, will become home to many of the World`s leading multinational firms, and will feature the finest infrastructure and business environment. Luxury offices and apartments are available to buy or rent in the heart of the City.The enormous scale of the development includes the dredging of the Dubai Creek an extra 11km towards the coast to create the bay, which will be surrounded by freehold commercial and residential towers. As a free trade zone, Dubai Business Bay will provide better infrastructure and a better environment for firms to work in, as well as offering the best of amenities to the people that live there and the people that work there. The whole development will attract a great deal of visitors for business and recreational purposes, creating another landmark in Dubai.
While Dubai Properties itself are constructing some of the buildings, independent developers of local and international origin are constructing the majority. Land plots within the Business Bay development are for sale on the local Dubai real estate market although most are now sold.The project is set to be completed in 2010 and will be made up of over 230 towers for sale, with many of these already under construction. The whole development has already started taking shape, and with an already extensive business district along the Sheikh Zayed Road and adjacent freehold project Downtown Dubai, the entire area will be a thriving district for Middle East business, and a key location for Dubai freehold property. Some of the key buildings at the bay are: Bayswater, Burj Al Najoom, Churchill Tower, Executive Tower D, Executive Tower E, Executive Tower J, Executive Tower M, Lotus, One Business Bay and XL Tower; in addition to other various projects and freehold land plots.
With a superb location between the Burj Dubai Downtown development and Dubai International Financial Center (DIFC), Business Bay Dubai is yet another project to be located in new Dubai next to the main stretch of Sheikh Zayed Road. With so many high-rise buildings already in the area, the vastness of the Business Bay should fit in well with the current surroundings, as well as adding landscaped gardens, restaurants and cafes to an already first class financial district.
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