- 3-year old residential building in Warsan 4 – very good location
- 94 apartments: 13 x Studio / 79 x 1 Bed / 1 x 2 Bed / 1 x 3 Bed
- There are three Retail Shops located on the Ground floor that require
final permission for obtaining individual title deeds. - Plot Size: 26,910 sq.ft
- Current Net Sellable Area: 63,503 sq.ft
- Potential Net Sellable area: 69,000: There is a 3,000 sq.ft space on the
6th floor that could be utilized to build two additional units or one large
penthouse This will increase the Net Sellable Area from the current
63,503 to around 69,000 sq.ft - Current Rental ROI 8.8%
- Asking Price: AED 53m (non negotiable). This equates to AED 768 per
sq.ft of (potential) NSA - Please note all tenants have been given legal notice to vacate units by
26 June 2026. This will enable sale of individual units. The price per
sq.ft in the area for these particular types of building is between AED
1,100-1,200 (meaning that the acquisition price is roughly at a 30-36%
discount to market value) - Market Value is expected to increase (availability of new metro line Sept
2029
On-hold Project – Residential / Retail – 40%
Dubai, Jumeirah Village Circle (JVC)
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