Apartments Market
Business Bay
Investment-grade market analysis for prestigious apartments across one of Dubai's most commanding communities curated for discerning investors and owner-occupants.
Avg. Price / Sqft
AED 2,255
+0% YoYTransactions (2024)
567
-3.7% vs prior yearGross Rental Yield
8.6%
Rental index AED 242,060 p.a.
Total Volume
AED 3.89B
Median deal AED 6,141,853
Year-over-Year Market Overview
Business Bay apartments recorded a measured market recalibration of 0.0% in 2024, with average pricing at AED 2,255 per sqft positioning this prime, curated segment among Dubai's most sought-after real estate. Gross rental yields of 8.6% underscore the investment-grade fundamentals, attracting a discerning global investor base seeking curated, signature assets within one of the world's most transparent and tax-efficient property markets.
Capital Growth Forecast
+9.5%
12-month forward projection
Market Tier
Upper Mid-Market
Dubai luxury classification
Price Per Sqft Trends
| Year | Avg. AED / Sqft | Transactions | Volume |
|---|---|---|---|
| 2024Current | 2,255 | 567 | AED 3888M |
| 2025 | 2,425 | 570 | AED 3736M |
| 2026 | 2,607 | 573 | AED 3466M |
Transaction Volume
The Business Bay apartments segment recorded 567 transactions in 2024, generating AED 3.89B in total capital deployed. This commanding market activity reflects sustained institutional interest and a curated pipeline of signature transfers from both primary and secondary markets.
Volume growth of -3.7% year-over-year underscores the prestige positioning of this property type within one of Dubai's most investment-grade communities.
Investment Outlook
Gross Rental Yield
8.6% competitive within the Upper Mid-Market tier, with rental index at AED 242,060 per annum.
Capital Growth Forecast
Forward projection of +9.5% over 12 months, supported by curated supply constraints and sustained prime demand.
Median Transaction
AED 6,141,853 reflecting investment-grade entry points for discerning capital.
Supply Pipeline
Curated upcoming developments scheduled to deliver apartments inventory in Business Bay, shaping the supply-demand dynamic for 2024 and beyond.
The Grand Residences
Units
203
Expected Handover
Q3 2024
The Grand Residences
Units
271
Expected Handover
Q1 2026
Comparable Communities
Signature communities offering comparable apartments investment profiles within Dubai's prestigious luxury property landscape.
Apartments Market Other Years
Business Bay 2024 Other Property Types
Explore Signature Apartments in Business Bay
Our curated advisory team specialises in prestigious Business Bay real estate. Let us introduce you to investment-grade opportunities that command a prime position in Dubai's most sought-after community.