Offices and residential apartments in the Dh1.6 billion 60-storey 266-metres tall award winning U-Bora Towers, the tallest in Business Bay, are ready to be occupied in March. This is definitely a boost for Dubai’s property market and Business Bay, which has some 20 projects already completed or nearly complete.
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.
Dubai: Water has been released into Business Bay ahead of the Dubai Canal project completion and workers have begun installing a big pedestrian bridge...
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.
There is excitement in the air in anticipation of the opening of the iconic Dubai Water Canal next month. This means the Dubai Water...
Dubai Business Bay area is for commercial offices and professional services. Watch this Dubai Vlog videos in HD for Dubai Business Bay area and...
The Roads & Transport Authority (RTA) has taken the initial steps towards the realisation of the Business Bay Canal Extension Project, which has been endorsed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, comprising modifications on the existing roads and bridges in order to extend the Canal from the Sheikh Zayed Road up to the Beach of the Arabian Gulf.
Photo by Gabriel900 More photos: skyscrapercity.com
Trade Arabia reported that the Roads and Transport Authority of Dubai has opened 5 more station, Business Bay, First Gulf Bank, Sharaf DG, Nakheel and Jumeirah Lakes Towers on the Red Line of the Metro. With this launch, the total number of operating stations has risen to 26 out of total 29. Mr Ramadan Abdullah director of the Rail Operations at the RTA said that we will open rest of the three stations in the first quarter of next year.
Rival takes control of hospitality firm Five-star establishment due to open in Dubai next month and boost Japanese presence Rebecca Bundhun The five-star Hotel JAL Tower in Dubai is expected to open this year after a majority stake in the hospitality company that was part of the struggling Asian airline group was bought by a rival Japanese hotel chain. Japan Airlines, which previously owned the management company JAL Hotels, in January filed for bankruptcy with US$26 billion (Dh95.46bn) of debt. The airline company, which is undergoing restructuring, plans to cut about 16,000 jobs by next March.
Dubai-based property developer Nakheel has announced that it will launch more than 500 residential plots at its Al Furjan development on Thursday, November 21.
Deyaar said that it would spend Dh900 million developing 350 serviced apartments and 219 apartments at The Atria project, a twin-tower scheme in Dubai’s Business Bay area.