Save
Business Bay is one of the most popular tourist destinations in Dubai, so it is important to choose a convenient location for both tourists and locals.
The retail shops in Business Bay are prime locations with high foot traffic and excellent visibility. In addition, the retail shops in Business Bay are available in various sizes and price ranges, making it easy to find the perfect shop to set up your business.
What Types of Retail Shops are in Business Bay?
Depending on the size of the shop and its location, a variety of retail shops can be found in Business Bay.
Clothing Stores: Clothing stores are among some of the most popular retail shops in Business Bay, with many well-known brands setting up their outlets here. This area has everything from high-end fashion boutiques with amazing interior fit out to mid-range clothing retailers and discount outlets.
Jewelry Stores: If you're looking for something sparkly, there are plenty of jewellery stores in Business Bay where you can find everything from classic engagement rings to modern pendants and earrings. Many luxury brands have set up flagship stores here, making this an ideal place for those looking for something special.
Electronics Stores: Electronics stores have been popping up across Business Bay over recent years as demand increases for hi-tech gadgets such as mobile phones, tablets and computers. Established electronics chains and smaller independent retailers offer a wide range of products at competitive prices.
Furniture Stores: For those looking to furnish their homes or offices with stylish furniture, several furniture stores throughout Business Bay offer an array of beautifully crafted items from renowned designers worldwide. Whether you are after contemporary pieces or traditional antiques, these furniture stores will surely have what you need!
What are the Sale Price Trends for Retail Shops in Business Bay?
As one of Dubai's most sought-after business locations, Business Bay has seen a steady increase in retail shops for sale over the last few years. This is due to its proximity to some of the city's best attractions, such as Burj Khalifa and The Dubai Mall. With this increased demand for retail space, it is important to understand the current price trends for retail shops in Business Bay.
The prices for commercial properties in Business Bay range from AED 1500 to AED 3000 per square foot (psf). However, certain areas within this locality command higher prices. For example, properties near high-end shopping malls can fetch up to AED 4000 psf or more. Prices also depend on factors such as the size and condition of a property.
It is worth noting that these prices have been somewhat volatile in recent years due to changing market conditions and fluctuating exchange rates between the US dollar and the Emirati dirham. However, prices have stabilized somewhat with expectations of gradual increases over time due to increasing demand for retail spaces in Business Bay and other nearby areas.
What are the best business opportunities in Business Bay?
Business Bay offers a variety of business opportunities for entrepreneurs looking to set up shop in the area. It is home to some of the most sought-after commercial property locations, making it an ideal spot for retail businesses. Many established companies, from fashion outlets and lifestyle stores to restaurants and bars, have made their mark here.
Retailers can take advantage of the vibrant atmosphere and high footfall that Business Bay offers. The area boasts an array of luxurious shopping malls, offering ample space for shoppers to browse and explore various products. Larger retail stores tend to be on the ground floor, while smaller ones can be found on upper levels or even within multi-level car parks. It allows retailers to target different segments of consumers simultaneously, providing them with a comprehensive shopping experience.
What are the Reasons for Investing in Business Bay?
One of the primary reasons why investors should consider investing in Business Bay is its location. The area is strategically located within Dubai and offers easy access to all parts of the emirate. This makes it an ideal spot for businesses seeking to capitalize on the vibrant local economy and take advantage of the modern infrastructure and for those looking for a convenient base from which to operate across the region.
Furthermore, Business Bay has been built with modernity in mind and offers a wide range of amenities such as nature trails, bike paths, retail outlets, hotels, cafes and restaurants. Plenty of leisure activities, including golf courses and water sports centres, are available. All these features make it an attractive option for entrepreneurs who want to offer their customers convenient access to services and entertainment options.
What are the Top Commercial Buildings for Retail Shops in Business Bay?
When it comes to shopping for a retail shop in Business Bay, numerous commercial buildings and properties are available for prospective buyers. To help make the decision easier, here are some of the top commercial buildings for retail shops in Business Bay:
- Al Safa Tower
- Al Manzil Tower
- The Oberoi Business Tower
- Jumeirah Bay X1 Tower
- Burj Al Alam
- Goldcrest Views 1
- The Opus
- Executive Towers
- Burj Views