- Attractive B+G+4 building in a prime location in JVC. Completed 2017 but totally renovated in 2024
- Freehold
- Plot: 2,131.38 sq.m / 22,942 sq.ft
- BUA: 9,760 sq.m / 105,056 sq.ft
- Net Sellable Area 60958.72 Sqft
- Total of 73 fully furnished apartments (28 x Studios; 38 x 1 bed; 7 x 2 Bed)
- Total of 82 car parks
- The building has a lobby, Gym and swimming pool
- Total Apartment Rental AED 4.8m (Net) between Owner & Corporate Tenant for 2 years and 60 days from 8 Feb 2025. Corporate
Tenant then have the right to subleased on Ejari contracts to individuals. 12m notice period. - 2 x Retail Shops:
- Retail Tenant #1– AED 150k pa: 1-year expirying 19 Oct 2025
- Retail Tenant #2 – AED 150k pa: 1-year expirying 22 Dec 2025
- Total Rental AED 4.8m.
- All service / security / cleaning and maintenance is being taken care of by the Corporate Tenant (approximately AED 500k pa).
The only expenses borne by the Owner are (1) Annual Service Charge to Nakheel of AED 60k pa and (2) Building Insurance cost
AED 11k pa. - Asking Price AED 65m / Strike Price 62m (Net Rental ROI 7.6%)
Commercial Tower – Under Construction
Dubai, Downtown Dubai
-
Bedrooms
NA
-
Bathrooms
NA
-
Parking
NA
Leave a review for Residential Building in JVC