Description
Commercial space with a total area of 85 m² on the ground floor of a 30-storey building in Business Bay.
The project was completed in 2019. In addition to private apartments, the building also houses a hotel. The proposed premises are oriented towards the canal.
The annual income (2022–2023) is 42,800 € (46,300 $).
The annual income (2023 – 2024) is 44,000 € (47,500 $).
The yield is 6%.
The property is fully let.
The lease agreement was concluded until July 2024.
- Federal tax (VAT) — 5%;
- Registration fee (Dubai Land Department transfer fee) — 4%;
- Brokerage fee — 2%.
The property is located in one of the most sought-after business districts and tourist centers of Dubai — Business Bay, close to the canal. The area is distinguished by its proximity to the main transport arteries of the city and developed infrastructure. Business Bay has been repeatedly voted the best investment property area in Dubai.
- Dubai Mall 1.5 km
- Burj Khalifa 2 km
- Jumeirah Beach 8 km
- Dubai International Airport 15 km
Dubai is the largest city in the United Arab Emirates, the administrative center of the emirate of Dubai, the most important commercial and financial center of the UAE and the entire Middle East.
Dubai does not have some significant types of taxes: corporate income tax, capital gains tax, personal income tax, as well as tax on repatriation of income. The UAE also has double tax treaties with more than twenty countries around the world. Free economic zones (FEZ) are of great value in doing business in Dubai. The offshore zone is located in the Jebel Ali area.
