Business Bay occupies a dense stretch of the Dubai Water Canal immediately south of Downtown, purpose-built as the city’s central business district and now home to one of its tallest concentrations of commercial and residential towers, linked directly to DIFC and Sheikh Zayed Road.
The district’s ultra high tier sits on the upper floors of its tallest towers, where units gain views across the canal, Downtown’s skyline or Burj Khalifa that are structurally unavailable lower in the same building. As more recent, taller developments have been completed along the canal, this tier has grown from a small niche into a more clearly defined segment of the district’s stock.
Because Business Bay’s towers span nearly two decades of development, an ultra high unit’s value depends heavily on which generation of building it sits in as well as its floor number. Service charges at this tier also tend to run higher than the district average, reflecting the additional lobbies, lifts and amenity floors that come with building height. Lux Abacus treats Business Bay’s ultra high stock as its own category, comparing tower age, floor and view corridor through direct developer relationships before structuring an acquisition.
Independent Advisory. Transparent Figures.
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BLVD Plaza Tower 1 Office 1103 Downtown Dubai, Dubai, UAE
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