"BRETT SIEGEL IS ONE OF THE MOST KNOWLEDGEABLE PEOPLE IN MIDDLE EAST REAL ESTATE. I HIGHLY RECOMMEND READING UAE MEGA PROJECTS." Khizer Schon Husain, VP, Schon Properties, Dubai

Friday, February 1, 2008

Business Bay Dubai: The Future Of Global Business

Look out Manhattan! Look out Ginza! Business Bay is here! The great planners of Dubai decided to create what will be the financial center of the Middle East-- and perhaps one day the world, and this is what we today call Business Bay. This enormous Mega Project is a free-zone business, commercial and residential district that encompasses an area of 64 million square feet. It is conveniently located next to Downtown Dubai and is expected to be fully completed sometime between 2010 and 2012.

Business Bay, which has been developed by Dubai Properties, will make Dubai the focal point for global business and finance. Multi-national corporations and regional companies can establish their headquarters on a freehold basis in this huge business district. Business Bay, when complete, will feature facilities including at least 230 towers for offices and accommodation, a wide variety of hotels, and a network of roads to meet the busiest commuter needs. It will also feature beautiful canals, parks and gardens to add to the magnificence of the project.

According to Shaikh Mohammed:

"We wanted to build a project that will be the cornerstone of a new economic push and to extend the international role of the UAE. Extensive studies that were done by some of the top international consultancies stated that 'Business Bay' is a project that will surely make the desired change."

...and according to Dubai Holding CEO, Mohammed Al Gergawi:

"Business Bay reflects the ambitious vision of Dubai and the role that the UAE is looking forward to playing as a leading international commercial and business center. We look forward to the role the Business Bay will play in making this country one of the best business centers in the world. His Highness' vision is to build a magnificent business and commercial capital in the region to be the headquarters for leading regional and international firms."

Here is a partial list of what is now being developed at Business Bay:

- Burj Al Alam (which I have covered in a previous post)
- The Citadel
- Westbay Tower
- Iris Bay
- Vision Tower
- Al Argan Tower
- Silver Towers
- Hydra Towers
- The Binary
- Dancing Towers
- Ubora Towers
- West Wharf
- Fortune Bay
- Singapore Tower
- Empire Heights
- The Sanctuary
- Sobha Ivory Tower
- The Oval Tower
- Al Manara
- Nadra Tower
- Sami Business Tower
- Haz Tower
- The Sky Villa
- Stratos Plaza
- Hamilton Residency
- The Metropolis
- The Bay Residences

...and many, many more! What a phenomenal Mega Project this is! I think the Middle East will one day be the business and financial capital of the entire world. Business Bay will no doubt play a central role!

Here are two excellent YouTube Business Bay Videos:

http://www.youtube.com/watch?v=VGj8ykIhDnA

http://www.youtube.com/watch?v=ocIdZiBEHAk

Here is the link to the Business Bay website:

http://www.businessbay.ae/

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