Lack of amenities is keeping firms out of Business Bay

With somewhere approaching 80 per cent of its completed office space lying empty, Dubai’s Business Bay area is still struggling to attract the scores of companies it was hoped would be enticed. Just a couple of kilometres down Sheikh Zayed Road, commercial buildings in Dubai’s central business district (CBD) boast vacancy rates of below 15 per cent.

LIFESTYLE

TECHNOLOGY

LATEST NEWS

UAE to have another water canal by April

Aldar Properties will open a 2.4km canal running through the heart of the Shams community in Reem Island, Abu Dhabi. Final testing and commissioning...

‘Floating homes’ to be built in phase one of Marasi Business Bay on Dubai...

Dubai Properties has awarded a contract for work on the first phase of its Marasi Business Bay project on Dubai Canal. The company has appointed...
video

Revealed: Dubai Harbour, the city’s newest mega project

Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum on Monday launched Dubai Harbour, a new waterfront destination that will feature the MENA region’s largest...

STAY CONNECTED

0FansLike
65,981FollowersFollow
23,217SubscribersSubscribe

POPULAR ARTICLES

UAE rent and property prices continue to slide

The global downturn and increasing supply has also given commercial property tenants across the three emirates firmer territory to renegotiate terms. The report states that while rents remained reasonably stable in Dubai’s Jumeirah Lake Towers, Business Bay and TECOM Area C, all three areas suffer the highest vacancy levels.

LED smart lighting for Dubai Canal bridges

Dubai: More than 200 environmentally friendly smart LED lighting units have been installed on the Dubai Canal bridges, with more planned in Dubai in...

Dubai Properties Group completes phase one of Business Bay mixed use project; Bay Square

Dubai Properties Group, a member of Dubai Holding, has announced that two buildings in its Bay Square development located in Business Bay are complete and a further four are at the final stages of completion.

LATEST REVIEWS

In Pictures: Hotel Indigo Dubai Business Bay

Construction Week visits the site for Hotel Indigo Dubai Business Bay, a four-star 280-key hotel located in Business Bay Hotel Indigo Dubai Business Bay is...