The answer to that question is the subject of the Building Regulations. How many buildings are there in Business Bay? The Planning Department has it in mind to build another twenty three buildings in the region. If the approvals are not there, and if the developer wants to build another twenty three in the bay, he needs to apply for an additional building permit. There is a bit of complexity involved in this but that is a subject for another article.
There are some clues on the Planning Department’s website. One of them shows how many new buildings will sit on the lot. The figure is shown in a table showing the percentage of total lot area occupied by businesses. Other data on the website shows how many of the current lot residents are homeowners. Both of these figures are important in answering the question how many buildings are there in Peninsula Business bay.
The Planning Department’s page also shows how many parking spaces will be on the lots. That information may not be included on the developer’s site. So, how many buildings sit on each block? Once the developer figures out the number of new buildings that will be built Dorchester Collection Dubai, how many of the existing ones will be torn down?
It is easy to assume that the answer is one, a very low number.
Who is to say that new development won’t bring in more traffic? Some local retailers have already started adding garages to their storefronts. How many of those customers drive? How many of those customers will want to park? All of this adds up and the Planning Department has to address the issues.
We know how many new businesses will be opening in the area. How many of those will be long term, ongoing businesses? Many people work for years at one location. They own it and they consider it home. How many buildings will need to be torn down, moved renovated in the future?
If a developer is not able to provide an accurate count of how many buildings sit vacant, how can you accurately guess how many will become occupied? If the number of “active” business is known but the total number of vacant buildings is unknown, then it is impossible to make an accurate count. Developers who don’t have a complete number may be missing a lot of potential business. They may have already signed a lease agreement, but they are not following through with renewing those leases. Some investors who buy a parcel of land may choose to leave the development because the developers have not provided a precise count of how many buildings will be in operation when the property goes on the market.
How many buildings are there in business Bay?
The developer who submits the most units and fulfills all the requirements wins the incentive. One of the lesser known buildings in Dubai is the Satwa Market. Situated on Al Maktoum Street between Deira and Faya Square, the market is nothing more than a busy street with shops, food stands and a handful of restaurants. How many buildings are there in business Bay? There is not a definitive number because the question of how many buildings are there in business Bay could change dramatically as the market changes. In this scenario, it is difficult to project future growth. However, the current rate of increase is faster than most residential markets. If the future growth rate continues to increase at the current rate, then we can safely assume that the number of new leases will continue to rise. This makes calculating the future potential of the market an easy matter.