Dubai is in desperate need to have a true character to its business environment. In all major cities around the globe you will find that there are areas which are the true central business district of the city. So far in Dubai it seems there are areas which can match that description but none that can match the ambitions that this state seeks. Dubai has strengthened its role in both the regional and international levels and now is the time it should have a Central Business District that can match the future challenges.In 2005 Dubai launched a mega project (Business Bay) covering an area of 64 million square feet, the promise is that it will be similar in nature to Manhattan or Ginza, which are the business districts of New York (USA) and Tokyo (Japan). The Business Bay will be created as a commercial and business cluster along a new extension of the famed Dubai Creek extending from Ras Al Khor to Sheikh Zayed Road.When the Business Bay district is finished it will offer 625 million sq ft of space with 230 towers planned around a new extended creek.After extensive studies by some of the world's top consultancies, careful planning, the master plan was created and the work immediately started on the construction of very sophisticated network of roads within the project to ensure the easy access in and out of business bay which will be completed before most of the actual construction of the projected towers begins. The creation of the Dubai Metro will add value to the project generating a global commercial and business centre. Business Bay will be a new 'city' within the city of Dubai, it will feature facilities such as office and residential towers set in landscaped gardens interspersed with pathways and canals. Business Bay is believed to be the foundation of the new economic push of Dubai. The project is set to provide a highly conducive environment and infrastructure for businesses from around the world that wish to establish their local, regional and international headquarters at Business Bay.A city like Dubai needs to extend its international role to enable it to be a true business hub of the region so that it can lay the foundation towards the universal business league and truly match the big cities across the globe. The Business Bay should eventually become a genuine meeting place for business in the city.This is a very ambitious Initiative, so can the Businesses Bay rise to the challenge? Well, we will have to wait and see.
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4 comments:
Dubai is a dynamic city and surely Business Bay can only add to the strength of what the state can offer.
Well my friend, another question needs to be asked. Does Dubai really need all this office space? The market needs to hope that the numbers keep coming in and the population increase more and more. You need petrol to fire up a car and the same applies to Dubai, you need the people to fire up the economy.
can anyone tell me if this is for real, cities take hundreds of years to surface, how come it is taking under 10 years for this city to rocket?
I am real Estate agent, have seen so many developments around the region but I think this one will top them all by far.
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