The Phase One of Dubai's Business Bay project has been sold out generating funds totalling Dh4 billion ($1.089 billion), according to reports.

Dubai Properties will be managing the Business Bay that aims to make the UAE a leading international commercial and business centre.
The Bay will be located along a new extension of the Dubai Creek from Ras Al Khor to Shaikh Zayed Road.
The new development, covering an area of 64 million-sq-ft, will provide a conducive environment and infrastructure for businesses from around the world to set up their local, regional and international headquarters.
Business Bay will feature facilities such as towers for offices and accommodation, gardens, and a network for roads. It will also feature fascinating canals to add to the magnificence of the project.