Most popular buildings to rent offices in Business Bay
Business Bay is a vibrant mixed-use district in Dubai, located along the gleaming waters of the Dubai Canal, towards the south of Downtown Dubai. This business hub is dominated by skyscrapers offering various top-notch amenities and commercial units of different sizes. For those looking to rent offices in Business Bay, commercial towers in the district have a variety of workspaces, including fitted, shell-and-core and Flexi-desks.
Coming up next is an overview of the Business Bay neighbourhood and a list of popular buildings to rent offices in the area.
ABOUT BUSINESS BAY
Developed by Dubai Properties, Business Bay stretches over 80 million sq. ft. The mixed-use development was launched in 2003, as per the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum (Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai), to develop Business Bay as a city within a city. You will find some of the most recognisable skyscrapers in Dubai located in the vicinity.
The convenient location and the availability of public transport in Business Bay have made it one of the most popular areas for leading corporations and both local and international businesses.
WHY RENT A OFFICE SPACE IN BUSINESS BAY?
There are several reasons you can consider offices in Business Bay for rent. Business Bay has long been one of Dubai’s most popular areas to rent commercial properties. It is a well-connected area located between two major highways – Sheikh Zayed Road (E11) and Al Khail Road (E44). Nearby areas include Downtown Dubai, Dubai Design District, Dubai International Financial Centre (DIFC) and Dubai World Trade Centre.
Business Bay has its own Red Line Dubai Metro station. Also, the availability of RTA buses and taxis and ride-sharing apps further increases transport options, making it easy for working professionals to commute daily.
Not to mention, Business Bay is a self-sufficient neighbourhood with supermarkets, medical facilities and eateries in the vicinity. Let’s not forget the stunning views of the Dubai Canal that many buildings in Business Bay offer.
For these reasons, Business Bay is now home to some global corporates and local market leaders. The companies in Business Bay range from real estate to construction and interior design.
TOP FIVE BUILDINGS TO RENT OFFICES IN BUSINESS BAY
Business owners can find state-of-the-art offices in Business Bay. These office spaces are ideal for all kinds of businesses, whether you have a start-up, SME or international corporation. From shell-and-core to fitted and furnished units, there are office spaces for rent in Business Bay Dubai for all budgets and client preferences.
Let’s now look at the five most popular buildings to rent offices in Business Bay.
OPAL TOWER
Opal Tower, a 24-storey commercial building developed by Mismak Properties, sits at the top of our list. Launched in 2012, the building stands 123 metres tall and features 200 units, including offices and retail spaces.
Regarding offices for rent in Opal Tower, your choices include fully fitted, ready-to-move-in spaces and shell and core offices that allow you to customise your fittings and fixtures. One can rent virtual offices here, which are small spaces that allow you to get a mailing address. Similarly, you can rent a shared office space.
Many offices for rent in the Opal Tower come with telephone and internet connections, while some have private pantries, kitchens and washrooms.
- The rent of fully fitted offices in the Opal Tower averages at AED 114k annually.
IRIS BAY
The second entry on our list of top offices for rent in Business Bay is Iris Bay. Developed by Sheth Estate International Limited, the 35-storey building is known for its oval, crescent moon-like shape. On one side, the building offers amazing views of Sheikh Zayed Road, while on the opposite side is the serene Dubai Canal.
The building has shared offices, shell-and-core offices and fitted offices. Plus, there are over 900 parking spaces across six levels.
You can find offices in Iris Bay with a covered area of 210 sq. ft. to 7,365 sq. ft. Fully-fitted, shell and core and partitioned offices are available for rent in the building.
- The average rent for an office in Iris Bay is AED 94k.
PARK LANE TOWER
Park Lane Tower is the third most popular building for renting offices in Business Bay. This mixed-use building is located amidst five-star hotels, retail spaces and restaurants. Developed by KM Properties, the building comprises a total of 208 units.
ParkLane Tower has a reception desk, a fully-equipped gym and a pool. The building also offers valet parking and maintenance services. You can find a range of offices for rent in Park Lane Tower.
- The average financial outlay to rent an office in Park Lane Towers is AED 80k.
THE EXCHANGE TOWER BUSINESS BAY
The Exchange Tower is another high-in-demand, eye-catching commercial tower developed by the Tanmiyat Group. You can find offices with covered areas ranging from 100 sq. ft. to 4,240 sq. ft. Occupants can use the parking area spread across the three basement and podium levels.
You can opt for shared offices, fully-fitted offices and shell and core offices
- Those looking for offices in The Exchange Tower can rent units for AED 111k.
THE BINARY
Wrapping up the list, we have The Binary, the fifth-most popular commercial building in the area for renting offices. Developed by Omniyat Properties, it features two mid-rise buildings. Its incredible design and proximity to major landmarks, Burj Khalifa, DIFC and World Trade & Convention Centre, are the main reasons for its popularity. You can find shared, fitted and shell-and-core offices for rent in The Binary.
- The average annual rental price for an office in The Binary by Omniyat is AED 94k.
Summing up, here’s what you can expect to pay for rental offices in Business Bay’s top five commercial towers.
Building | Average Rental Price in AED |
|---|---|
Building Opal Tower | Average Rental Price in AED 114,000 |
Building Iris Bay | Average Rental Price in AED 94,000 |
Building Park Lane Tower | Average Rental Price in AED 80,000 |
Building The Exchange Business Bay | Average Rental Price in AED 111,000 |
Building The Binary | Average Rental Price in AED 94,000 |
FAQs
WHERE CAN YOU FIND SERVICED OFFICES FOR RENT IN BUSINESS BAY?
Serviced offices are available in the Opal Tower, Ontario Tower, The Citadel, The Exchange, The Binary and The Prime Tower in Business Bay.
CAN YOU FIND SHARED OFFICE SPACES FOR RENT IN BUSINESS BAY?
Yes, you can easily find shared office spaces in Business Bay. As per Bayut’s current listings, this type of office space is readily available in many commercial towers, such as The Opal Tower, Iris Bay, The Prime Tower and The Exchange Business Bay.
HOW MUCH SHOULD I EXPECT TO PAY FOR OFFICES FOR RENT IN BUSINESS BAY?
The asking rent depends on many factors, including the tower’s location, covered area, amenities offered, office type, fittings and furnishings, etc. Here’s a breakdown of the average price per sq. ft. for the towers mentioned above.
Building | Average Price Per Sq. Ft. in AED |
|---|---|
Building Opal Tower | Average Price Per Sq. Ft. in AED 113.82 |
Building Iris Bay | Average Price Per Sq. Ft. in AED 102.22 |
Building Park Lane Tower | Average Price Per Sq. Ft. in AED 106.65 |
Building The Exchange Business Bay | Average Price Per Sq. Ft. in AED 96.94 |
Building The Binary | Average Price Per Sq. Ft. in AED 114.34 |
That wraps up our list of commercial towers in Business Bay to rent offices. If you are interested in setting up shop in this prime commercial hub, most office buildings in Business Bay are equipped with top-rated amenities to suit your requirements. Once you’ve chosen your new office, you can contact these professional movers and packers in Dubai for a smooth relocation.
You can consider several other commercial hubs thanks to Dubai’s favourable business environment. If you’re looking to move or set up your office, here is a list of the most popular areas to rent offices in Dubai.
