Commercial space with a tenant, Business Bay, Dubai, UAE

Additional information is provided after the signing of an NDA

Commercial space with a tenant, Business Bay, Dubai, UAE

$937,000
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  • Yield
    5.75%
  • Rental rate (m²/month)
    $43.8
  • Built in 
    2019
Details
Property parameters
  • Leasable area: 102 m²
  • Total premises: 1
  • 30-floor building
  • 1 floor
Financial performance
  • Annual income: $53,774
Tenants
  • Fully let
  • End of lease: 2025
Transaction costs
  • Broker: 2.0%
Features
  • Street retail

Description

Commercial space with a total area of 102 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.

Financial performance

The annual income (2023–2024) is € 47,800 ($ 51,700).

The annual income (2024 – 2025) is € 50,300 ($ 54,500).

The current yield is 5.45%.

The yield from 2024 is 5.75%.

Tenants

The property is fully let.

The lease agreement was concluded until January 2025.

Transaction costs

  • Federal tax (VAT) — 5%;
  • Registration fee (Dubai Land Department transfer fee) — 4%;
  • Brokerage fee — 2%.

Location and nearby infrastructure

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.

More properties

If this property wasn’t for you, take a look at other retail space for sale in Business Bay.

All ads in the country: retail space for sale in the UAE.

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    Marina Filichkina
    Marina Filichkina,
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