Retail space in a new residential complex in the JVC area, Dubai, UAE

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Retail space in a new residential complex in the JVC area, Dubai, UAE

$848,000
$6,894 /m²
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  • Total area
    123 m²
  • Built in 
    2023
Details
Property parameters
  • Total premises: 1
  • 29-floor building
Transaction costs
  • Broker: 2.0%

Description

Commercial premises with a total area of 123 m².

The premises are located in a new 29-storey building with more than 600 apartments in the Jumeirah Village Circle area.

Completion: December 2023.

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 Jumeirah Village Circle, in close proximity to Al Khail Road, which provides easy and quick access to popular locations of the city and the airport by car:

  • Mall of the Emirates — 10 min
  • Motor City — 10 min
  • Dubai Marina — 15 min
  • Downtown Dubai — 15 min
  • Jumeirah Beach — 15 min
  • Dubai International Airport (DXB) — 25 min

Jumeirah Village Circle is a large residential district with all the necessary infrastructure: 33 landscaped parks, educational institutions, shops and restaurants, and medical centers. The Circle Mall with 200 shops, supermarkets, chain cafes and a cinema is located less than 2 km from the building.

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 Jumeirah Village Circle (JVC).

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

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    Marina Filichkina
    Marina Filichkina,
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