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WHOLE BUILDING FOR SALE IN SHEIKH HAMDAN COLONY, AL KARAMA
Mix Use Building in Karama
Date of Completion : Aug 2024
Studio Apartments : 24
Shops : 4
Rental Income : AED 1,400,000
Selling Price : AED 15.5 Million
** A tenant is ready to lease the entire building for a period of three years.
Expected ROI : 9 %
About Al Karama :
Karama is a residential district of Dubai located on the western banks of the Dubai Creek and one of the older communities of the city. It is one of the most accessible places from all of the city.
Made on a tight grid system, the area spans a meagre 2 km, yet houses thousands of people, leading it to be one of the most populated areas in Dubai. Karama is Home to Karama Park, shares border with the famous Zabeel Park, while Creek Park is nearby
The wide range of restaurants in the locale are also what makes the area so well-known. The community is mostly occupied by expatriates that come from different Asian nationalities, including Filipinos, Pakistanis and Indians so they enjoy many oriental cuisines that reminds them of home, which is precisely what the community offers. You will even find authentic dishes native to Thailand, Sri Lanka, China, but some stores also offer Arab delicacies in the area.
Property details
Listed
more than 6 months ago
Property Type
Whole Building
Area
2,270 ft²
Price per area
AED6,828/ft²
Date of Completion : Aug 2024
Studio Apartments : 24
Shops : 4
Rental Income : AED 1,400,000
Selling Price : AED 15.5 Million
** A tenant is ready to lease the entire building for a period of three years.
Expected ROI : 9 %
About Al Karama :
Karama is a residential district of Dubai located on the western banks of the Dubai Creek and one of the older communities of the city. It is one of the most accessible places from all of the city.
Made on a tight grid system, the area spans a meagre 2 km, yet houses thousands of people, leading it to be one of the most populated areas in Dubai. Karama is Home to Karama Park, shares border with the famous Zabeel Park, while Creek Park is nearby
The wide range of restaurants in the locale are also what makes the area so well-known. The community is mostly occupied by expatriates that come from different Asian nationalities, including Filipinos, Pakistanis and Indians so they enjoy many oriental cuisines that reminds them of home, which is precisely what the community offers. You will even find authentic dishes native to Thailand, Sri Lanka, China, but some stores also offer Arab delicacies in the area.
Regulatory information
Regulatory information
Reference
eqarat-12467124