Why an office in Business Bay?
Business Bay is home to more than 240 commercial towers and attracts companies from the financial sector, technology, consultancy and trade. Its position on Sheikh Zayed Road and the Dubai Water Canal provides direct connections to all key destinations in Dubai.
The area benefits from three metro stations: Business Bay Station (Red Line), Marasi Drive Station (Blue Line, under construction) and the nearby Burj Khalifa/Dubai Mall Station. This makes the district particularly accessible for employees and visitors.
For international entrepreneurs looking to establish a business in Dubai, Business Bay offers a mainland location with full trade-licence options through the Department of Economic Development (DED).
Key office towers and prices
The most sought-after office towers in Business Bay include:
• The Binary by Omniyat: premium Grade A offices, prices from AED 2,000–2,500 per sqft • Prism Tower: modern units with canal views, from AED 1,200 per sqft • The Opus by Zaha Hadid: iconic design, offices from AED 2,200 per sqft • Bay Square: low-rise office complexes with retail, from AED 1,000–1,400 per sqft • Aspect Tower: an affordable option, from AED 800–1,100 per sqft • Tameem House: popular with SMEs, from AED 900–1,200 per sqft
The average price per square foot (sqft) in Business Bay ranges between AED 900 and AED 2,500, depending on the tower, floor and finish. Shell-and-core units are 20–30% cheaper than fully fitted offices.
Available sizes and layouts
Offices in Business Bay are available in a range of sizes:
• Small units: 200–500 sqft, ideal for freelancers, consultants and small teams (1–5 people) • Mid-sized units: 500–1,500 sqft, suitable for growing companies (5–20 people) • Large offices: 1,500–5,000 sqft, for established companies with multiple departments • Full floors: 5,000–15,000 sqft, for corporates and regional headquarters
Many towers offer both shell-and-core and fully fitted units. With shell and core, you receive a bare space that you can fit out to your own specification. Fitted units already include flooring, ceilings, lighting and basic services.
Rental yield and investment potential
Office space in Business Bay generates an average gross rental yield of 7–9%, considerably higher than residential property in the same area. Demand for office space continues to rise on the back of the growing number of company registrations in Dubai.
Typical rents range between AED 60 and AED 150 per sqft per year, depending on the quality of the building. Premium towers such as The Binary and The Opus command higher rents but also see lower vacancy.
Service charges for offices in Business Bay range from AED 15 to AED 30 per sqft per year. Factor this into your yield calculation.
Accessibility and amenities
Business Bay is just a five-minute drive from Downtown Dubai, DIFC and Dubai Mall. Business Bay metro station (Red Line) sits centrally within the district and offers fast connections to the airport and other business districts.
The district offers countless restaurants, cafés and supermarkets along the Dubai Water Canal. The Marasi Business Bay promenade provides an attractive working environment with waterfront dining.
Parking is generally well provided for, with underground car parks in most towers. Visitors can use public parking along the main roads.
The purchase process and our guidance
As a foreign national, you can buy office space in Business Bay on a freehold basis. The purchase process runs as follows:
1. Selection of the right unit based on your business needs and budget 2. Signing the Memorandum of Understanding (MOU) with the seller 3. Payment of the deposit (typically 10%) 4. Applying for a No Objection Certificate (NOC) from the developer 5. Transfer of ownership at the Dubai Land Department (DLD)
Augusta Properties guides you through every step, from the first viewing to registration with the DLD. Our advisers have extensive experience with commercial real estate and provide full guidance in English.