For SaleAED 2,900,000
Business Bay - One River Point - 1BR - Apartment
One River Point, Business Bay
1 Bed2 Bath957 sq.ft
Dubai area guide
Business Bay
The short answer
Business Bay suits buyers and tenants who want to be minutes from Downtown and DIFC without paying for a Downtown address. It is freehold for all nationalities and almost entirely apartments. Value is decided by the building, the aspect, the floor and the service charge, so compare specific towers rather than the district.
Dubai's canal district, and the nearest thing the city has to a centre that is still being finished. It is one of the easiest places in Dubai to buy an apartment and one of the easiest to buy the wrong one, because almost everything that decides whether a unit here is a good one sits outside the unit. This is the version we give people in the office, which is a few minutes from most of the towers on this page.
By House Of Orange editorial. A licensed Dubai real estate brokerage, ORN 49865, at The Opal Tower, Business Bay. About the firm
- Ownership
- Freehold, all nationalities
- Built of
- Apartments, offices, hotel residences
- Master developer
- Dubai Properties
- Public transport
- Red Line, on the western edge
Looking across the canal to the Business Bay towers, with the Burj Khalifa standing behind rather than among them.
Orientation
What are the five parts of Business Bay?
Business Bay is talked about as though it were a single address. It is not. The gap between its best and worst streets is wider than the gap between many of Dubai's separately named communities, and the name on your title deed says nothing about which one you bought into.
The canal front
Marasi Drive and the promenade. The newest and most expensive towers, water on one side, and the part of the district that looks like the photographs. Also the part where a ground-floor restaurant terrace sits under somebody's bedroom window, which is worth knowing before you take a low floor.
Bay Avenue and Bay Square
The low-rise pocket. A park, ground-floor cafes, offices at walking height, and the only corner of Business Bay that behaves like a neighbourhood rather than a skyline. Smaller buildings, older finishes, and people who actually walk somewhere on a Friday.
The podium cluster
The large established residential blocks in the middle of the district, sharing podiums and car parks. The biggest layouts per dirham in Business Bay, and the value end of it. What you give up is the newness the canal-front towers are charging for, and sometimes a lift bank that is working harder than it was designed to.
The Sheikh Zayed Road edge
Towers that address the motorway. Enormous views, the fastest access to the rest of the city, and a noise question that comes down entirely to the glazing. Stand on the balcony with the door open before you decide the double glazing is enough, because it sometimes is not.
The Al Khail back edge
The cheapest way into the postcode, and the reason people say Business Bay disappointed them. You are in Business Bay on the paperwork and a long walk from every reason to be in Business Bay. If the price looks too good for the district, this is usually why.
Before you offer
What moves the price in Business Bay?
Almost none of it is the name on the building. Two units in one tower can be different assets, and the things that separate them are the things a viewing is least likely to raise.
Which way the glass faces
A canal aspect and a view into the plot next door are not the same property, and they never trade as one. Ask what the last sale on your side of the building was, not what the tower averaged.
What is still an empty plot
Business Bay is not finished. A view is only permanent if nothing can be built in front of it, and in this district something usually can. We look at what the neighbouring plot is zoned for before we call a view a feature.
The floor, and how close the next tower is
Low floors here look into other buildings at close range, and the towers are near enough that it matters. The premium between a low floor and a high one inside one building is often bigger than the premium between two buildings.
How much of the building is short-term rental
Holiday home density changes the lobby, the lifts, the corridor noise and who is next door this week. Some buildings are built around it and run well. Others have moved to restrict it. Either answer is fine; not knowing which one you are buying into is not.
The service charge on that specific building
Set per building and paid every year you own the property. On a large layout it quietly removes a real part of the return a spreadsheet promised, and it is the most ignored number in the district. There is no useful Business Bay average, so ask for the building.
Which junction you leave from
Two towers a few hundred metres apart can mean a completely different morning, depending on whether your exit puts you on Al Khail or in the queue for the Sheikh Zayed slip road. Nobody raises this at a viewing, and everyone lives with it afterwards.
Getting in and out
How do you get in and out of Business Bay?
Two motorways, one district, and a metro station that is not where you think it is.
The two roads
Sheikh Zayed Road runs along the western edge, Al Khail Road along the eastern one. Every trip you take out of Business Bay starts by choosing one of them, and your tower chooses for you more than you would like. This is the single most useful thing to check on a map before an offer.
The metro, honestly
Business Bay station sits on the Sheikh Zayed side of the district. From the eastern half it is far enough that most residents drive to it or stop using it. A listing described as close to the metro is worth measuring rather than believing.
What is genuinely walkable
The canal promenade runs the length of the district and is the reason people who move here stay. Downtown and Dubai Mall are one crossing away, which is a walk from the northern end and a drive from the southern one. Beaches and schools are a drive from all of it.
The honest fit
Who is Business Bay for?
Buy or rent here if
- Anyone who wants to be minutes from Downtown and DIFC without paying for a Downtown address.
- Investors who want stock that rents quickly and resells quickly, and who are willing to be specific about the building rather than the area.
- Professionals and couples who would rather walk to a canal in the evening than drive to a beach.
- Owners planning to run a property as a holiday home, in a building that permits it and is set up for it.
Look elsewhere if
- Families who want a garden and a short school run. Business Bay is apartments, and the schools are not in it.
- Anyone who needs quiet immediately. Plots are still open and cranes are still up, and that is the postcode rather than a phase that ends next year.
- Anyone buying from a floor plan and a render alone, because in this district every difference that matters is outside the unit.
- Households with two cars and regular guests. Visitor parking is the most reliable complaint in Business Bay.
On our books
What do we have in Business Bay today?
Live from our own books and it changes weekly. Treat it as what we happen to have this week rather than as a picture of the district, and tell us what you are looking for if it is not here.
Good to know
Business Bay, answered straight
The questions buyers and tenants ask us about this district before they ask about a property, answered without the parts that suit us.
Yes. Business Bay is a designated freehold area, so buyers of any nationality can own there outright. The title deed is issued in your name by the Dubai Land Department, and you do not need a UAE residence visa or to live in the country in order to buy or to hold it.
They are neighbours separated by water. Downtown is finished and built around the Burj Khalifa and Dubai Mall, and it charges for that address. Business Bay sits directly across from it, is mostly apartments and offices rather than a destination, and is still being completed in places. Practically, you are buying the same proximity without the Downtown name, and accepting that some of your neighbours are building sites.
Parts of it are, and the parts change. Towers on the Sheikh Zayed Road edge carry motorway noise that comes down entirely to the glazing, canal-front buildings sit above restaurant terraces that run late, and active construction plots are spread through the district. None of this shows on a floor plan. It is worth viewing a unit in the evening as well as during the day, with the balcony door open.
Often, but not always, and it is not your decision alone. Short-term rental in Dubai requires a holiday home permit from the Department of Economy and Tourism, and the building itself has to allow it. Some Business Bay towers are set up for short-term rental and run well on it; others have moved to restrict it through the owners association. Check the building's position before you buy on the assumption that you can.
They vary widely enough between buildings that a district average would be misleading rather than helpful. Service charges in Dubai are set per building, approved by the Dubai Land Department and paid through the Mollak system, so the figure for the specific building you are considering is public and can be checked before you commit. Ask for that building's rate and read it against the size of the unit, because on a large layout the annual charge takes a meaningful bite out of the return.
It depends which part of it you are in. From Bay Avenue, Bay Square or the canal front, a lot of daily life is walkable and the district works without one. From the eastern and southern edges, almost nothing is walkable and you will use a car for everything, including reaching the metro station that carries the district's name.
Nobody can give you a date, and anyone who does is guessing. There are still undeveloped and part-developed plots across the district. The sensible way to buy here is to assume the plot beside you gets built at some point, look at what it is permitted to become, and decide whether the property still works for you if it does.
What we do in the communities we write about.
Talk to someone who works it
Get a Business Bay tower checked
Our office is in Business Bay, a few minutes from most of the towers on this page. That is why the guide above is about junctions, glazing and service charges rather than lifestyle. If you are weighing a specific building, or a specific unit inside one, that is a short conversation and we would rather have it before you offer than after.
What we will tell you
- Which end of the district
- Within one community the gap between two towers, or two streets, is routinely wider than the gap between communities. That is the part a portal map cannot show you.
- What the service charge does
- Read per square foot against the buildings beside it, because it comes out of the return every year and rarely appears in the pitch.
- What is still to be built
- The plot next door, what is approved on it, and which views are temporary. Worth knowing before you pay for one.
- What actually transacted
- Recent sale and lease prices in the specific building, rather than the asking prices still sitting on the portals.
Licensed by the Dubai Land Department · ORN 49865 · DED licence 1484735