After ambitious initiatives such as Dubai Internet City, Dubai Media City, Dubai International Financial Center, Jumeirah Beach Residence, Dubai is creating another multi-billion dollar project to add to its portfolio of extraordinary developments. Dubai Business Bay set to be the biggest and best business hub in the Middle East, it is going to be the financial center of Dubai’s growing economy. Business Bay will be a free zone business, commercial and residential district that will cover an area of 64 million square feet. It will be located next to Burj Dubai and extend along a new creek from the edge of Dubai Creek (Ras Al Khor), all the way to Dubai’s coast.
Dubai’s Business Bay, created by His Highness Sheikh Mohammed bin Rashid Al Maktoum, will be similar in nature to Manhattan, Ginza and Canary Wharf, which are the business centers for the cities of New York, Tokyo and London. The Business Bay, developed by Dubai Holding Group, will become home to many of the World’s leading multinational firms, and will feature the finest infrastructure and business environment. Multi-nationals and regional corporations can establish their headquarters on a freehold basis in Dubai’s sprawling central business district. It’ll mark the beginning of another glorious era in Dubai’s history.

The project will be made up of over 230 towers, with many of these already under construction. The enormous scale of the development includes the dredging of the Dubai Creek an extra 11km towards the coast to create the bay, designed to the highest standards and offering a previously unimagined lifestyle. The first buildings are to be finished in 2007, it is expected to be fully completed by 2010. Dubai Business Bay offers medical facilities, sports complexes, health clubs, swimming pools, supermarkets, landscape gardens and children play areas; with a two-level shopping strip facing the creek and offering fine dining restaurants, cafes and shopping outlets for some retail therapy. With so many high-rise buildings already in the area, the vastness of the Business Bay should fit in well with the current surroundings, as well as adding landscaped gardens, restaurants and cafes to an already first class financial district.