Off-plan Properties for Sale in Business Bay | Property Search UAE
How to Buy an Off-plan Property for Sale in Business Bay: A Guide for Investors
If you are looking for a new home or a lucrative investment opportunity in Dubai, you might want to consider an off-plan property for sale in Business Bay, one of the most stylish and trendy neighbourhoods in the city. Off-plan properties are those that are still under construction or not yet built, and they offer many advantages to buyers, such as lower prices, flexible payment plans, capital appreciation, customization options, and higher rental returns.
What are the Benefits of Buying an Off-plan Property for Sale in Business Bay?
Business Bay is a central business district that is located along the Dubai Water Canal, south of Downtown Dubai. It is home to some of the most striking architecture in the city, such as the award-winning O-14 Base, nicknamed ‘The Swiss Cheese’, and The Opus by Zaha Hadid, a cube-shaped building with a curved void in the middle. Business Bay also features world-class hotels, rooftop restaurants and lounges with incredible views, and the winding Dubai Water Canal, which offers a variety of leisure and entertainment options.
Business Bay is a popular neighbourhood for tourists and businesses alike, and it is expected to become the region’s business capital as well as a freehold city. It covers an area of 64,000,000 square feet, and the projected population of the entire development is more than 300,000. The infrastructure of Business Bay was completed in 2008, and the entire development is expected to be completed between 2012 and 2015.
Buying an off-plan property for sale in Business Bay gives you the opportunity to own a brand new property in a prime location at a lower price than the market value. You can also benefit from the flexible payment plans offered by the developers, which allow you to pay in smaller instalments over a period of time instead of paying the entire cost upfront. Moreover, you can expect to see a significant increase in the value of your property once it is completed, as the demand for Business Bay properties is high and the supply is limited. You can also customize your property according to your preferences and needs and enjoy the latest features and amenities that come with a new development.
Another benefit of buying an off-plan property for sale in Business Bay is the high rental yield that it offers. Business Bay is a sought-after destination for professionals, expats, and tourists who are looking for convenient and luxurious accommodation in the heart of the city. You can rent out your property to these tenants and earn a steady income from your investment. According to Bayut, the average rental yield for apartments in Business Bay is 6.4%, which is higher than the Dubai average of 5.8%.
