One of Dubai’s biggest business projects today is the Business Bay. The Business Bay is a “new city” currently under construction which is to be the new Central Business District of Dubai. The city will consist of tall skyscrapers some of which will be some of the tallest buildings in the world, targeting mostly commercial offices, however, will also accommodate residence. The Business Bay will be a part of the plan of cementing Dubai’s place as a business hub on an international level.
Previously most of the main CBD was around the Creek, however Dubai’s recent plans of development have led to the construction of this new CBD. This is a top class project as most of the large multinational organisations from all over the globe will have their headquarters situated in the Business Bay.
The Business Bay will be similar to Manhattan in New York.
The total area of the Business Bay will be 64 million square feet. The area will have a total of 230 towers, such as the Burj Al Alam, The Skyscraper, the Regal Tower, The Emirates Park Towers and the Bay Gate to name a few.
As Dubai has been attracting a great number of foreign investors, this is a big step in accommodating these large foreign companies by giving them the opportunity to set up offices in Dubai.