What's the price range at Business Bay Residences Block 16?
Current price per sqft: AED 8604. Recent transactions: 2BR 1637sqft at AED 14,318,544. Price history (12 months): ranging from AED 8296 to AED 8431/sqft.
Business Bay Residences Block 16 – Investment & Lifestyle FAQ
Complete guide to Business Bay Residences Block 16 in Business Bay: pricing, amenities, rental potential and ownership costs.
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Pricing & Units
What units are available at Business Bay Residences Block 16?
Unit mix: 49 × 1BR, 42 × 2BR, 67 × 3BR, 0 × 4BR. Total: 275 units. Standard residential tower.
Is Business Bay Residences Block 16 a good value, or overpriced?
Tier: ULTRA_LUXURY. Investment thesis: "Quality residential with strong fundamentals and consistent market demand.". Comparable buildings in Business Bay range AED 8104–9104/sqft. Verdict: Premium pricing justified by amenities and brand.. Consult a local agent for current market assessment.
Amenities & Building Features
What amenities does Business Bay Residences Block 16 offer?
Amenities: Pool, Gym, Concierge, Parking, Community Center. Year completed: 2015. Floors: 28. Well-maintained common areas and 24/7 security.
How many floors and units per floor in Business Bay Residences Block 16?
28 floors. Total units: 275. Average units/floor: 10. View types: Marina views, City views. Higher floors command premium pricing.
What's the typical apartment layout in Business Bay Residences Block 16?
Layouts: Studio to 4-bedroom units. Most popular: 1-bedroom (49 units). Sizes vary 500–2,500 sqft. Many units have balconies/terraces. Furnished and unfurnished options available (check listing details).
Location & Proximity
How far is Business Bay Residences Block 16 from key landmarks?
Beach: 27 mins. Nearby Station metro: 17 mins. Downtown Dubai: 10 mins. Airport (DXB): 24 mins.
Is Business Bay Residences Block 16 easy to get to and from?
Metro accessible via Nearby Station. Schools within 5–15 mins. Shopping malls: Dubai Marina Mall, Ibn Battuta nearby. Parking: typically 1–2 spaces per unit. Good road connectivity to Sheikh Zayed Road and key exits.
What's the neighborhood like around Business Bay Residences Block 16?
Located in Business Bay, a ultra-luxury community. Residents: expat professionals, families, investors. Dining & retail: diverse options within 5–15 mins. Safety: 24/7 security in building and community. Vibe: exclusive and high-end.
Owning Here
What are the service charges and annual costs?
Service charge: ~AED 3011.3999999999996/sqft/year typical for tier ULTRA_LUXURY. Estimate for 2BR (1500 sqft): AED 376425/month. DEWA: AED 400–600/month. Insurance: AED 1,000–2,000/year. Total holding cost: AED 800–1,500/month.
What kind of residents live in Business Bay Residences Block 16?
Profile: Mix of owner-occupiers and investors. Typical buyers: expat professionals, families seeking quality lifestyle, buy-to-let investors targeting 4%–6% yields. Nationalities: diverse (UK, India, Saudi, Russia, China well represented). Community vibe: professional, family-oriented, investment-savvy.
What's the rental yield at Business Bay Residences Block 16?
Gross rental yield: 5.2%–6.7%. 1BR typical rent: AED 26,635.917/month. 2BR: AED 36,647.167/month. Strong tenant demand; typical vacancy: 1–2 months/year.