WHOLE BUILDING FOR SALE IN AL KARAMA
Savills Middle East are pleased to bring this fully-let mixed-use building situated in Al Karama to market. The property comprises 18 residential apartments with a ground floor retail provision, please see investment highlights below:
- Mixed-use residential and retail asset
- Located in Al Karama, Dubai
- Gross Leasable Area extending to 30,381 sq. ft
- G + M + 2 + R - GCC Freehold
- 100% Occupied
- Short lease terms, opportunity to increase rental values renewal
- The retail element is let to a government services entity and restaurant
- Current gross passing rent of AED 1,466,250 per annum
RERA Permit No. 6591279000
The asset is located in Al Karama, a bustling mixed-use community located to the West of Dubai Creek. The locality is easily accessible via the E11 Sheikh Zayed Road and benefits from close proximity to the Oud Metha Metro Station. RERA Permit No. 6591279000
For further information, please contact our Commercial Investment Agency team on +971 54 586 2915.
Mixed Use Investment Opportunity | Good ROI | 100% Occupied
Property Type:
Whole Building
Property Size:
30,381 sqft / 2,822 sqm
Bedrooms:
studio
Location
Al Karama
Dubai
Agent
Jamie Prickett
Savills Dubai
(146 Properties)
Description
- Mixed-use residential and retail asset
- Located in Al Karama, Dubai
- Gross Leasable Area extending to 30,381 sq. ft
- G + M + 2 + R - GCC Freehold
- 100% Occupied
- Short lease terms, opportunity to increase rental values renewal
- The retail element is let to a government services entity and restaurant
- Current gross passing rent of AED 1,466,250 per annum
RERA Permit No. 6591279000
The asset is located in Al Karama, a bustling mixed-use community located to the West of Dubai Creek. The locality is easily accessible via the E11 Sheikh Zayed Road and benefits from close proximity to the Oud Metha Metro Station. RERA Permit No. 6591279000
For further information, please contact our Commercial Investment Agency team on +971 54 586 2915.
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Monthly payment
91,312 AED
with interest rate of
3.89%
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Reference:
CL-S-4785
Listed:
3 months ago
Broker ORN:
422
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91,312 AED/monthJamie Prickett usually responds within 15 minutes
Own this property from just
91,312 AED /month
Fixed rates from: 3.89%
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