Bay Square - Business Bay

Bay Square, by Dubai Properties Group, is a high quality, unique, 13 building mid-rise mixed-use development in Business Bay. The project has 3 residential buildings, one hotel building and the remaining 9 buildings have office space. Bay Square also has a number of retail outlets which are being gradually taken up.

Master Community: Business Bay
Property Types Available: Apartments, Offices, Hotels
Location: Sheikh Zayed Road
Status: Ready
Year Launched: 2007
Year Completed: 2014
Developer: Dubai Properties Group
Architect: Khatib & Alami
Contractor: Al Sayegh Contracting LLC
Title Type: Freehold
Quality Classification: High-end
Height Classification: Mid-rise
Life Cycle: Mature
Special Classification: Mixed-use: Office and Residential Building
Ready Buildings: 13
Ready Apartments: 326
Total Office Space (sq. ft.): 1,000,000
Total Retail Shops: 123

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High-quality mixed-use development by Dubai Properties. H&ed over.

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About Bay Square

Bay Square, by Dubai Properties Group, is a 13 building mid-rise mixed-use development with a total built up area of around 5 million sq. ft.

General Guide

- 3 residential buildings containing 326 apartments

- 570 offices - having a total of 1,000,000 sq. ft.

- 123 retail units, located mainly on the podium level

- A hotel (not yet opened as of Nov 2014), to be operated by the Jumeirah Group (according to developer press-releases).

The project's handover begun in July 2014, and the community is steadily maturing.

- The apartments in Bay Square typically command among the highest capital & rental values for residential in Business bay

November 2014 Update

  1. 4 individual banks have signed up entire buildings within Bay Square (similar to what we have seen take place in Emaar Square, Downtown Burj Dubai.
  2. The hotel is not yet operational
  3. Office space is delivered shell & core. Transaction prices for office space are currently between AED 1150 - 1250 psf. There is a lot of demand for full floors in this complex (typical floor plates range between 18 - 20,000 sq. ft.
  4. Residential: there are studios and 1 bedrooms with typically much larger sizes than one would find in most towers of Business Bay. Transaction values for 1 bedrooms are between AED 1.5 - 1.6 million (AED 1,400 - 1,500 psf), though we observe asking prices ranging between AED 1.8 - 2.0 million. Studio transaction values are around AED 1.1 - 1.2 million (around AED 1,700 psf)
  5. Retail in Bay Square is coming to life with a number of restaurants and cafes opening up.

Dubai Land Classification & Escrow Account Details:

Land Number: 71

Project Number: 1280

RERA Permit No:: 11045

Brokerage Firm: Taktical Realty Group LLC

Positives of Bay Square

Amenities of Bay Square

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