If you want to reside in the Manhattan of the Gulf, Dubai’s Business Bay is undoubtedly the perfect choice for you. It is one of its fastest growing high-rise areas, which is usually seen on postcards. It is spun by a picturesque waterway running through it, which provides apartments in the area with excellent views and high-quality infrastructure.
The YzerProperty website is a service that helps its users to search and buy apartments seamlessly on a daily basis. You can filter our website by area and browse through flats for sale according to your budget and size requirements. Buying an apartment in the Business Bay has never been so easy and accessible!
The district is considered a symbol of Dubai as a leader of progress and growth. It houses many regional headquarters of international companies and expatriate residents. Due to its convenient location within the financial cluster and in proximity of all necessary infrastructure, solid demand for apartments in Business Bay is guaranteed for the years to come and your flat purchase will be a great store of value.
The UAE were home to some turbulent developments in the recent past. The country went through a financial boom in the first decade of the 2000s, for the large part thanks to a rising oil price. Following this, there has been a high level of investment into development projects, which has resulted in a high level of real estate supply across the country.
However, in the past few years prices of flats have been falling at an annual rate of ca. 5 percent after the country has experienced some economic headwinds. Therefore, if you are looking for apartments for sale in Business Bay, now is a good entry time for buying. Expert consensus suggests that the price of flats has now stabilized and is likely to rise in the future. Especially as city is getting ready to host the World Expo in 2020, the area in question, as Dubai’s main business district, is expected to attract a high level of attention by both potential investors and new residents alike.
Considered globally, Dubai’s residential sector occupies quite a peculiar position. Due to its economic structure and the high level of expat residents always on the move, there is a greater level of people renting their dwelling compared to owner-occupiers.
As a prospective buyer, make sure to familiarize yourself with the local laws and regulations regarding flats for sale in Business Bay. If you are a foreign citizen, certain residency and visa requirements may apply. It will also be advisable to seek legal advice on all documentation before the purchase. Finally, if you are looking to buy on credit, there are minimum requirements regarding the proportion of down payment, which you should research or discuss with your financial advisor.