Dubai market evidence
Business Bay vs Hadaeq Sheikh Mohammed Bin Rashid: Which Costs More?
A side-by-side comparison of Business Bay and Hadaeq Sheikh Mohammed Bin Rashid property prices from the historical DLD transaction record, broken down by property type.
The numbers for Business Bay and Hadaeq Sheikh Mohammed Bin Rashid
| Metric | Business Bay | Hadaeq Sheikh Mohammed Bin Rashid |
|---|---|---|
| Median AED/sqm | 25,390 AED/sqm | 24,466 AED/sqm |
| Median price | AED 1.6M | AED 2.2M |
| Sampled transactions | 34,254 | 16,226 |
| P25–P75 range | 19,565 AED/sqm – 30,394 AED/sqm | 22,113 AED/sqm – 27,153 AED/sqm |
| Apartment share | 100% | 88% |
What the price gap means
Business Bay runs 4% above Hadaeq Sheikh Mohammed Bin Rashid on median AED/sqm (25,390 AED/sqm in Business Bay against 24,466 AED/sqm in Hadaeq Sheikh Mohammed Bin Rashid). That gap is widest for Apartment — Studio, where Business Bay runs 42% above Hadaeq Sheikh Mohammed Bin Rashid. The headline number is driven by that unit type rather than a uniform premium across the board.
Citywide medians mix property types unevenly, so a headline gap can reflect what is being sold rather than a like-for-like premium. The per-type table above compares only the property types with enough sampled sales in both areas.
Beyond price, Business Bay is anchored by Business Bay Metro Station metro, Dubai Mall, Downtown Dubai, while Hadaeq Sheikh Mohammed Bin Rashid is anchored by First Abu Dhabi Bank Metro Station metro, Mall of the Emirates, Motor City.
This is sales transaction evidence only and ends 2026-08-13. It covers sales, not rentals, and is market reference, not valuation or investment advice.
Price by property type
| Property type | Business Bay tx | Business Bay AED/sqm | Hadaeq Sheikh Mohammed Bin Rashid tx | Hadaeq Sheikh Mohammed Bin Rashid AED/sqm | Gap |
|---|---|---|---|---|---|
| Apartment — Studio | 3,313 | 27,987 AED/sqm | 148 | 19,775 AED/sqm | +42% |
| Apartment — 1 Bed | 4,321 | 24,589 AED/sqm | 2,342 | 24,146 AED/sqm | +2% |
| Apartment — 2 Bed | 2,060 | 24,266 AED/sqm | 1,949 | 25,231 AED/sqm | -4% |
| Apartment — 3 Bed+ | 644 | 23,728 AED/sqm | 600 | 26,376 AED/sqm | -10% |
| Land plot | 14 | 14,441 AED/sqm | 282 | 25,000 AED/sqm | -42% |
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