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The Bay Gate, Business Bay

The Bay Gate, Business Bay

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Business Bay, Dubai

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Strengths

Prime Location

Modern Amenities

Scenic Views

Weakens

High Maintenance Fees

Traffic Congestion

Limited Parking Space

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Buildign Overview

Summary

  • The Bay Gate is a premier office and residential building located in the bustling Business Bay district of Dubai.
  • Easily accessible via major highways and public transport, this building is nearby the iconic Burj Khalifa, Dubai Mall, and Dubai Water Canal.
  • The Bay Gate stands out among local developments for its modern architecture and strategic location, serving as a hub for both businesses and residents.

Properties Overview

  • The Bay Gate offers a mix of both commercial and residential properties, catering to diverse tenant needs.
  • Popular units include spacious apartments and contemporary office spaces.
  • Current rental prices for residential units range from AED 80,000 to AED 150,000 per year, while commercial spaces typically start at AED 90,000.

Market Trends

  • In the past year, rental rates in Business Bay have seen a steady increase of approximately 5%, fueled by growing demand for quality properties.
  • The average sales price for apartments in the area is estimated to be around AED 1,500 per square foot, with the potential for a solid ROI of around 7% for investors.
  • Market expectations indicate further appreciation in both rental and sale prices due to continued development in the business hub.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Nearby amenities include supermarkets like Spinneys and Carrefour, as well as schools such as Dubai International School.
  • Healthcare facilities are accessible with hospitals and clinics in the vicinity, ensuring residents have easy access to medical care.

Transportation and Accessibility

  • Public transport options are robust, including access to the Dubai Metro and numerous bus routes.
  • The building also features ample parking, making it convenient for residents and visitors.

Lifestyle Amenities

  • Residents can enjoy a fitness center, swimming pool, and landscaped gardens.
  • The area is dotted with a variety of dining options, ranging from casual eateries to fine dining.
  • Nearby hotels add to the lifestyle options, offering entertainment and leisure opportunities.

Builing Facilities

  • The Bay Gate boasts modern facilities including high-speed elevators, 24-hour security, and centralized air conditioning.
  • Professional maintenance services ensure that the building remains in top condition.

Special Services

  • Additional services include a dedicated concierge for residents and businesses, along with support for events and meetings.
  • Conference and business centers provide a professional environment for meetings and collaborations.

Planning Your Move or Investment

Floor Plans and Property Types

  • The Bay Gate features varied floor plans that cater to both residential tenants and commercial buyers.
  • Options include studio apartments, one to three-bedroom apartments, and various office configurations.

Things to Consider

  • Potential residents and buyers should assess their needs regarding space, proximity to work, and budget before making a decision.
  • Consideration of the community vibe and available amenities is crucial.

Useful FAQs and Support

Events and Building Life

Building Events

  • The Bay Gate often hosts networking events, workshops, and social gatherings aimed at fostering community spirit among residents and tenants.
  • Seasonal celebrations and cultural events contribute to a vibrant living atmosphere.

Community Identity

  • The Bay Gate is distinguished by its modern design, eco-friendly practices, and commitment to creating a collaborative community environment.
  • Art installations and recreational spaces enhance the building's identity, making it a sought-after location in Business Bay.

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Detailed Buiding Insights

1. Family Friendliness

The Bay Gate boasts numerous family-friendly amenities such as parks, safe play areas, and is situated close to schools and childcare facilities, making it an ideal location for families.

Exceptionally Welcoming

2. Living Options

A range of living options is available, from luxury apartments to more moderately priced options. The variety of sizes and styles caters well to different family and individual needs.

Broadly Diverse

3. Safety And Security

The Bay Gate is equipped with advanced security features including 24/7 surveillance and manned security, providing residents with a high level of safety and peace of mind.

Remarkably Secure

4. Transportation

With easy access to major roads, public transport options such as the metro station nearby, and proximity to key areas in Dubai, transportation is exceptionally convenient for residents.

Extremely Convenient

5. Amenities And Facilities

Residents enjoy a variety of amenities including swimming pools, gyms, and retail outlets, as well as easy access to dining options that enhance the living experience at The Bay Gate.

Richly Equipped

6. Cost Of Living

While the cost of living can be considered high due to the luxury offerings, it remains competitive compared to similar neighborhoods, providing good value for the amenities available.

Moderately Priced

7. Things To Do

The area offers a wide range of activities, from cultural attractions and leisure activities to shopping and dining, ensuring there is always something for residents to enjoy.

Vibrantly Diverse

8. Noise Levels

Although located in a bustling area, The Bay Gate features soundproofing in buildings and landscaped areas that help to minimize noise, creating a tranquil living environment.

Generally Peaceful

9. Pet Friendliness

The community supports pet ownership with pet-friendly policies, designated pet areas, and nearby parks, making it a suitable choice for pet lovers.

Warmly Accommodating

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Key Information

Developer: Akar Properties

Building Type:  Commercial

Building Age: 9 years(completed in 2015)

Unit Types : Offices and shops

Floors: 53

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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