Two new projects are scheduled to come up to significantly improve the skyline of Dubai’s Business Bay.

The first of the projects is from Dheeraj & East Coast (DEC) – a joint venture between India’s Dheeraj Group and the UAE’s East Coast Group – which has announced the launch of “The Bay Residences,” the group’s first residential offering within the prestigious Business Bay precinct.
With the launch of this project, DEC’s total investment in Business Bay has now crossed Dh1 billion ($272 million). DEC’s other projects in Business Bay includes the DEC Business Towers, The Sanctuary and Corporate Bay.
“The Bay Residences” will be predominantly focused on residential spaces that include 190, one-, two- and three-bedroom apartments, besides five retail units. The project will boast all the latest amenities and facilities including a state-of-the-art health club, lavish jacuzzi, swimming pool and high class retail boutiques and cafes.
Development of all four projects in the Business Bay, including the DEC Business Towers, The Sanctuary and Corporate Bay are progressing as per schedule and would be ready for handover to tenants starting mid-2009.
Meanwhile, Damac Properties, one of the largest private sector master developer and luxury lifestyle providers, has launched Water’s Edge, a 20-storey commercial waterfront development at the heart of Business Bay.
The tower has swipe access, hi-speed internet, business lounge, reception desk and 24-hr security and security cameras. It will feature state-of-the-art office spaces as well as retail and recreational facilities that promise to make Water’s Edge one of the most sought-after corporate addresses.
In addition, the company has launched yet another luxurious masterpiece – The Signature Series, billed to be the most expensive penthouse in the Middle East. Each penthouse will be upwards of €8 million ($10.7 million). This private world of select apartments is situated one on each floors from 67 to 75, in the 82-storey, award-winning Ocean Heights in Dubai Marina and ‘Lotus Heights’ in the bustling Business Bay. HBA (Hersh Bedner Associates), a leader in hospitality interior designing worldwide has lent its expertise to the unique interiors of these Signature Residences.