Business Bay is a prime-tier Class A submarket of Dubai with average asking rent around AED 60/sqft/yr · ≈ $16.3 PSF/yr USD.
Central mixed-use Class A spine adjacent to Downtown. · Tier: prime · Avg rent: AED 60/sqft/yr · ≈ $16.3 PSF/yr USD
Business Bay sits immediately south of Downtown Dubai — a planned high-density Class A spine that has matured into a deep secondary CBD.
Real estate developers, tech, marketing, holding companies.
20–40,000 sqft floor plates available across newer Class A stock.
Business Bay (Red Line), Burj Khalifa metro link.
Multi-modal transit with high commute capture from the city's professional catchment.
Dubai Water Canal, Bay Avenue.
Business Bay is one of 6 Class A submarkets we cover in Dubai, classified as prime tier with an average asking rent around AED 60/sqft/yr · ≈ $16.3 PSF/yr USD. Compared with the broader Dubai Class A stock, Business Bay typically attracts Real estate developers, tech, marketing, holding companies and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Business Bay: DIFC, Downtown / Business Bay, Internet City & Media City, Downtown Dubai. The full Dubai submarket atlas is at /cities/dubai.
For an institutional Class A occupier evaluating Business Bay, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Dubai Class A leasing and to the prime tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.