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Ready building · Dubai Properties

Bay Square - 03, Business Bay

Highlights

Bay Square - 03 at a glance

About Bay Square - 03

Bay Square - 03 is a mixed-use building in Business Bay, Dubai, developed by Dubai Properties. It holds about 76 units: studios, 1-bedroom apartments, commercial units. Depending on the unit, windows look out over Fountain and Burj Khalifa and Community.

The building was completed in 2014 and has been in use for about 12 years. 10 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,100 per sq ft.

Bay Square - 03 is one of 257 buildings in Business Bay: 149 are complete and 61 are still being built.

In a nutshell

  • A mixed-use ready building
  • Located in Business Bay, Dubai
  • Developed by Dubai Properties
  • Completed in Q3 2014
  • Unit types: Studio, 1 Bed, Commercial
  • Sizes from 340 to 4,540 sq ft
  • Views: Fountain, Burj Khalifa, Community
  • Features: Shared Spa
  • Service charge from AED 14.53 per sq ft
  • Burj Khalifa/Dubai Mall metro station 2 km away
Статус
Готово
Девелопер
Dubai Properties
Местоположение
Business Bay, Дубай
Завершено
Q3 2014
Типы объектов
Studio, 1 Bed, Commercial
Prices from
AED 634.0K
Медианная цена за sq ft
AED 1,100
Median gross yield
8.3%
Сервисный сбор
AED 14.53 per sq ft (2018)
Nearest metro
Burj Khalifa Road, 0.9 km

Photos of Bay Square - 03

Building details

Inside Bay Square - 03

Facilities in Bay Square - 03

Bay Square - 03 lists one facility for its residents.

  • Shared Spa

Properties in Bay Square - 03

Studios in Bay Square - 03

There are about 6 of these in Bay Square - 03, from 560 to 690 sq ft. None has sold recently enough to quote a price.

1-bedroom apartments in Bay Square - 03

There are about 9 of these in Bay Square - 03, from 1,180 to 1,590 sq ft. None has sold recently enough to quote a price.

Commercial units in Bay Square - 03

There are about 61 of these in Bay Square - 03, from 340 to 4,540 sq ft. They have recently sold for a median of AED 5.0M, or AED 2,240 per sq ft. Owners who resold made a median 21% over what they paid.

Unit types in Bay Square - 03 with sizes, median prices and rents
Тип объектаОбъектыПлощадьМедианная ценаMedian rent
Студия6560 sqft52 sqmt – 690 sqft64.1 sqmtНедавних продаж нет–
1 Bed91,180 sqft109.6 sqmt – 1,590 sqft147.7 sqmtНедавних продаж нет–
Коммерческая недвижимость61340 sqft31.6 sqmt – 4,540 sqft421.8 sqmtAED 5M–

Recent transactions in Bay Square - 03

  • Bay Square 3

    Бизнес-Бей

    AED 1.6M

    AED 1,016 /sqftAED 10,936 /sqmt

    ГотовоКвартира
    1,586 sqft147.3 sqmt1 BedВладелец26 May 2025
  • Bay Square 3

    Бизнес-Бей

    AED 1.1M

    AED 1,535 /sqftAED 16,523 /sqmt

    ГотовоКвартира
    684 sqft63.5 sqmtСтудияВладелец3 Apr 2025
  • Bay Square 3

    Бизнес-Бей

    AED 1M

    AED 1,447 /sqftAED 15,575 /sqmt

    ГотовоКвартира
    691 sqft64.2 sqmtСтудияВладелец21 Jan 2025
  • Bay Square 3

    Бизнес-Бей

    AED 950K

    AED 1,375 /sqftAED 14,800 /sqmt

    ГотовоКвартира
    691 sqft64.2 sqmtСтудияВладелец24 May 2024
  • Bay Square 3

    Бизнес-Бей

    AED 1.4M

    AED 1,102 /sqftAED 11,862 /sqmt

    ГотовоКвартира
    1,225 sqft113.8 sqmt1 BedВладелец1 Feb 2024
  • Bay Square 3

    Бизнес-Бей

    AED 1.4M

    AED 1,102 /sqftAED 11,862 /sqmt

    ГотовоКвартира
    1,225 sqft113.8 sqmt1 BedВладелец24 Jan 2024
  • Bay Square 3

    Бизнес-Бей

    AED 900K

    AED 1,599 /sqftAED 17,211 /sqmt

    ГотовоКвартира
    563 sqft52.3 sqmtСтудияВладелец17 Oct 2023
  • Bay Square 3

    Бизнес-Бей

    AED 820K

    AED 1,187 /sqftAED 12,777 /sqmt

    ГотовоКвартира
    691 sqft64.2 sqmtСтудияВладелец19 Sept 2023
  • Bay Square 3

    Бизнес-Бей

    AED 1.3M

    AED 1,062 /sqftAED 11,431 /sqmt

    ГотовоКвартира
    1,224 sqft113.7 sqmt1 BedВладелец13 Apr 2023
  • Bay Square 3

    Бизнес-Бей

    AED 1.4M

    AED 889 /sqftAED 9,569 /sqmt

    ГотовоКвартира
    1,556 sqft144.6 sqmt1 BedВладелец30 Aug 2022
  • Bay Square 3

    Бизнес-Бей

    AED 740K

    AED 1,071 /sqftAED 11,528 /sqmt

    ГотовоКвартира
    691 sqft64.2 sqmtСтудияВладелец2 Jun 2022
  • Bay Square 3

    Бизнес-Бей

    AED 1.2M

    AED 973 /sqftAED 10,473 /sqmt

    ГотовоКвартира
    1,225 sqft113.8 sqmt1 BedВладелец3 Mar 2022
  • Bay Square 3

    Бизнес-Бей

    AED 825K

    AED 1,465 /sqftAED 15,769 /sqmt

    ГотовоКвартира
    563 sqft52.3 sqmtСтудияВладелец1 Feb 2017
  • Bay Square 3

    Бизнес-Бей

    AED 1.1M

    AED 1,865 /sqftAED 20,075 /sqmt

    ГотовоКвартира
    563 sqft52.3 sqmtСтудияВладелец12 Apr 2015
  • Bay Square 3

    Бизнес-Бей

    AED 634K

    AED 1,126 /sqftAED 12,120 /sqmt

    ГотовоКвартира
    563 sqft52.3 sqmtСтудияДевелопер9 Dec 2014
  • Bay Square 3

    Бизнес-Бей

    AED 1.1M

    AED 946 /sqftAED 10,183 /sqmt

    ГотовоКвартира
    1,184 sqft110 sqmt1 BedВладелец9 Dec 2014
  • Bay Square 3

    Бизнес-Бей

    AED 1.4M

    AED 852 /sqftAED 9,171 /sqmt

    ГотовоКвартира
    1,586 sqft147.3 sqmt1 BedВладелец9 Dec 2014
  • Bay Square 3

    Бизнес-Бей

    AED 757.7K

    AED 1,097 /sqftAED 11,808 /sqmt

    ГотовоКвартира
    691 sqft64.2 sqmtСтудияДевелопер17 Nov 2014
  • Bay Square 3

    Бизнес-Бей

    AED 1.3M

    AED 828 /sqftAED 8,913 /sqmt

    ГотовоКвартира
    1,586 sqft147.3 sqmt1 BedВладелец6 Nov 2014
  • Bay Square 3

    Бизнес-Бей

    AED 637K

    AED 922 /sqftAED 9,924 /sqmt

    ГотовоКвартира
    691 sqft64.2 sqmtСтудияВладелец30 Oct 2014

Every sale in Bay Square - 03Every rent contract in Bay Square - 03

Service charges in Bay Square - 03

The 2018 service charge in Bay Square - 03 is AED 21.4 per sq ft for commercial units, AED 21.4 per sq ft for offices, AED 14.53 per sq ft for homes, AED 21.66 per sq ft for shops. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.

Service charges in Bay Square - 03
Тип объектаRate per sq ftПлощадьYearly charge
1 Bed Apartment (2018)AED 14.531,180 sqft109.6 sqmt – 1,590 sqft147.7 sqmtAED 17,145 – AED 23,103
Коммерческая недвижимость (2018)AED 21.4340 sqft31.6 sqmt – 4,540 sqft421.8 sqmtAED 7,276 – AED 97,156
Офисы (2018)AED 21.4340 sqft31.6 sqmt – 4,540 sqft421.8 sqmtAED 7,276 – AED 97,156
Торговая недвижимость (2018)AED 21.66340 sqft31.6 sqmt – 4,540 sqft421.8 sqmtAED 7,364 – AED 98,336
Studio Apartment (2018)AED 14.53560 sqft52 sqmt – 690 sqft64.1 sqmtAED 8,137 – AED 10,026

Source: Dubai Land Department service charge index. Rates are reviewed each year.

Nearby amenities

Around Bay Square - 03

Transportation near Bay Square - 03

The nearest Dubai Metro station from Bay Square - 03 is Burj Khalifa/Dubai Mall (red line, 2 km, about 6 min drive), then Business Bay (red line, 2 km, about 6 min drive). Stations planned on new lines nearby include Burj Khalifa Road (golden line, 0.9 km, about 11 min walk) and District 1 near High Speed Rail line (golden line, 1 km, about 12 min walk). Most residents will drive or take a taxi to the metro.

  • Burj Khalifa RoadGolden line · 0.9 km · about 11 min walk
  • District 1 near High Speed Rail lineGolden line · 1 km · about 12 min walk
  • Burj Khalifa/Dubai MallRed line · 2 km · about 6 min drive
  • Business Bay InterchangeGolden line · 2 km · about 6 min drive
  • Бизнес-БейRed line · 2 km · about 6 min drive
  • Financial CentreRed line · 2.9 km · about 8 min drive

Shopping and groceries near Bay Square - 03

The closest is Spinneys / south bridge downtowne Dubai, 0.3 km from Bay Square - 03 (about 4 min walk).

  • Spinneys / south bridge downtowne DubaiSupermarket · 0.3 km · about 4 min walk
  • Spinneys / EMAAR Boulevard, Downtown DubaiSupermarket · 1 km · about 12 min walk
  • Al Maya / 8 Boulevard Walk, Downtown DubaiSupermarket · 1.1 km · about 13 min walk
  • Dubai MallShopping Mall · 1.3 km · about 5 min drive
  • Spinneys / The Executive TowersSupermarket · 1.5 km · about 5 min drive

Restaurants and hotels near Bay Square - 03

The closest is Al Manzil Hotel, 0.6 km from Bay Square - 03 (about 7 min walk).

  • Al Manzil HotelHotel · 0.6 km · about 7 min walk
  • Vida Hotels and ResortsHotel · 0.7 km · about 8 min walk
  • The Address HotelHotel · 1 km · about 12 min walk
  • Maward RestaurantRestaurant · 1.1 km · about 13 min walk
  • Qamardeen HotelHotel · 1.1 km · about 13 min walk

Hospitals and clinics near Bay Square - 03

The closest is Al Amal Hospital, 2.9 km from Bay Square - 03 (about 8 min drive).

  • Al Amal HospitalHospital · 2.9 km · about 8 min drive
  • Medcare HospitalHospital · 3.7 km · about 9 min drive
  • Internationl Medical CenterHospital · 4.3 km · about 11 min drive
  • Emirates HospitalHospital · 4.4 km · about 11 min drive
  • Manchester ClinicHospital · 5 km · about 12 min drive

Parks and leisure near Bay Square - 03

The closest is Al Quoz Pond Park, 2.6 km from Bay Square - 03 (about 7 min drive).

  • Al Quoz Pond ParkPark · 2.6 km · about 7 min drive
  • Dubai Bowling CentreSports Academy · 2.7 km · about 7 min drive
  • Safa ParkPark · 3.3 km · about 9 min drive
  • Falcon Heritage and Sports CentreSports Academy · 3.9 km · about 10 min drive
  • Meydan TheatreTheatre House · 3.9 km · about 10 min drive

Schools near Bay Square - 03

The nearest is Dubai International Private School - Br, 2.5 km away. Ratings are the KHDA's latest inspection grades.

  • Dubai International Private School - BrAmerican · KHDA: Good · 2.5 km
  • GEMS Our Own Indian SchoolIndian · KHDA: Very good · 2.5 km
  • Global Indian International School L.L.CIndian · KHDA: Good · 2.5 km
  • Jebel Ali School (Br of Taaleem Management (L L C))UK · KHDA: Very good · 2.6 km
  • Iranian Towheed Boys SchoolIranian - International Baccalaureate · KHDA: Good · 2.6 km
  • Japanese SchoolJapanese · KHDA: Good · 2.7 km

Other buildings in Business Bay

Business Bay has 257 buildings. A few others to compare Bay Square - 03 with:

  • 014 Tower, Business BayГотово

    014 Tower

    Business Bay · H&H

    Completed 2012

  • 77S, Business BayНедвижимость на стадии строительства

    77S

    Business Bay · 77 Shades of Green

    Handover 31 Dec 2028 · 14% built

  • AG Tower, Business BayГотово

    AG Tower

    Business Bay · Arabian Gulf

    Completed 2021

Things to consider about Bay Square - 03

In its favour

  • Owners who resold have made money: a median gain of up to 21%.
  • A median gross yield of 8.3% on recent sales.
  • Ready to move into or let, with no construction risk.
  • Several schools within 3 km.

Worth checking

  • Service charges of up to AED 21.66 per sq ft are on the higher side for Dubai.
  • Completed 12 years ago: ask about maintenance and any planned refurbishment.
  • The nearest running metro station is 2 km away, so a car helps.

Specialists

Brokers who know Bay Square - 03

These brokers handle sales and lettings in Bay Square - 03 and can tell you what is available now.

Часто задаваемые вопросы

Bay Square - 03: questions answered

Bay Square - 03 was developed by Dubai Properties in Business Bay.

Bay Square - 03 is completed in Q3 2014.

Across its 20 most recent registered sales, Bay Square - 03 sold for a median of AED 1,100 per sq ft and AED 1.1M per unit.

The median gross yield on recently sold units in Bay Square - 03 is 8.3%: the rent the unit earned over its purchase price, before costs.

The 2018 service charge for residential units in Bay Square - 03 is AED 14.53 per sq ft a year, as registered with the Dubai Land Department.

Bay Square - 03 has Studio (560 to 690 sq ft), 1 Bed (1,180 to 1,590 sq ft), Commercial (340 to 4,540 sq ft).

Burj Khalifa Road is about 0.9 km from Bay Square - 03.

The nearest schools include Dubai International Private School - Br (2.5 km), GEMS Our Own Indian School (2.5 km), Global Indian International School L.L.C (2.5 km).

Buying, selling or renting in Bay Square - 03?

A broker who works Business Bay will tell you what is available and what comparable homes went for.

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