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The Business Bay
Envisioned to make UAE a global commercial and business centre, the
Business Bay is a new city within the city of Dubai and is created as a
commercial and business cluster along the new extension of the famous
Dubai Creek extending from Ras Al Khor to Sheikh Zayed Road. Developed
and managed by Dubai Properties, a member of Dubai Holding, Business
Bay is a central business district in Downtown Dubai, featuring
numerous skyscrapers located in an area where the Dubai Creek has been
extended. The Business Bay comprises of 230 buildings, attracting
commercial and residential developments including the Burj Dubai.
The concept
Dubai's Business Bay is similar in nature to Manhattan or Ginza,
which are the business centers for the cities of New York and Tokyo.
The legendary Dubai Creek - an important aspect of Dubai's trading past
that have shaped Dubai from a fishing and pearl diving center to
international port; has been extended considering its significance as a
trade centre that harbors the stance of Dubai as the business hub of
the region. Business Bay is a symbol of Dubai's progress as it embodies
the crucial role the Creek played in Dubai's past as well its future.
The initiative
The past few years have seen ambitious initiatives such as Dubai
Internet City, Dubai Media City, Dubai International Financial Center
and others. Business Bay is the cornerstone of the new economic push to
extend the international role of the UAE. It was undertaken after
extensive studies by some of the world's top consultancies, and
reflects the ambitious vision of Dubai and the role that the UAE is
looking forward to play as a leading international commercial and
business centre.
The business needs
Business Bay is all set to fulfill the growth needs in medium to
long term. Besides the growing demand of the local economy -- which is
projected to achieve an average growth of 5-9% annually over the next
few years -- the UAE is attracting increasing foreign investment.
Hundreds of companies are setting up offices in Dubai every month and
an increasing number of regional and international companies are
working from the country. All this is creating a huge growth in demand
that cannot be fulfilled by existing projects. That is why Business Bay
has been launched to cater to the demands of business and retail &
commercial industry. It also features fascinating canals to add to the
magnificence of the project, attracting regional and international
business ventures and multinationals.
The lifestyle
Life at Business Bay starts at the luxurious residential towers,
designed to the highest standards and offering a lifestyle unimagined.
From superb architectural style of each apartment to the breathtaking
views just outside, life at Business Bay is intended for people that
seek luxury in a vibrant community. Business Bay offers a successful
lifestyle equipped with every amenity you need to make living a real
pleasure.
The ambience
The residences and commercial enterprises at Business Bay feature
high-tech working spaces, comfortable and luxurious residential units
and modern facilities and amenities. The Courtyard at Business is the
center of communal activities, providing play areas, arcades and
landscaped plazas. The Courtyard combines contemporary architectural
themes with exclusive amenities, while the Podium is a unique feature
that links the residential towers and provides covered walkways,
fountains and pedestrian-friendly paths.
Location
Business Bay is located off Dubai Creek and extends from Ras Al
Khor to Sheikh Zayed Road. Business Bay is ideally located for
international trade as one end of the development touches Sheikh Zayed
Road with its office towers housing international firms and the
financial institutions of the Dubai International Financial Center.
International hotels such as the Emirates Towers and Shangri-La are
also on Sheikh Zayed Road. On the Creek side, Business Bay is
neighbored by Dubai Festival Center, a retail and leisure development,
as well as being close to Dubai International Airport.
Business Bay
will be a freezone business, commercial and residential district
that will cover an area of 64 million square feet (5.95 million
square meters). It will be located next to Downtown
Dubai (Burj Dubai), between interchange 2 and 3 of Sheikh
Zayed Road and extend along a new creek from the edge of Dubai
Creek (Ras Al Khor), all the way to Dubai's coast.
Dubai Business Bay is intended to maintain
Dubai as the region's business capital and will be similar
to New York's Manhattan and Toyko's Ginza business centers.
It is intended to provide a conducive environment and infrastructure
for businesses from around the world to set up their local,
regional and international headquarters.
Dubai Business Bay Index
Business Bay will contain over 230 commercial and residential towers, which include The Executive Towers (residential), Vision Tower (office), Al Manara (office), and The Citadel (office).
Expected Completion Date - In 2010
Real Estate Developer - Dubai Properties [Dubai Properties Projects]
Location - Sheikh Zayed Road, Dubai, United Arab Emirates
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Business Bay 
