Mixed Use Investment Opportunity | Good ROI | 100% Occupied, Al Karama, Dubai | Property for sale | Savills
30,381 sq ft(2,822.49 sq m)
Guide price 25,000,000 AED

Mixed Use Investment Opportunity | Good ROI | 100% OccupiedAl Karama, Dubai

    Mixed Use Investment Opportunity | Good ROI | 100% Occupied

    About this property

    • Savills Middle East are pleased to bring this fully-let mixed-use building situated in Al Karama to market. The property comprises 18 residential apartments with a ground floor retail provision, please see investment highlights below:

      - Mixed-use residential and retail asset
      - Located in Al Karama, Dubai
      - Gross Leasable Area extending to 30,381 sq. ft
      - G + M + 2 + R
      - GCC Freehold
      - 100% Occupied
      - Short lease terms, opportunity to increase rental values renewal
      - The retail element is let to a government services entity and restaurant
      - Current gross passing rent of AED 1,466,250 per annum

      The asset is located in Al Karama, a bustling mixed-use community located to the West of Dubai Creek. The locality is easily accessible via the E11 Sheikh Zayed Road and benefits from close proximity to the Oud Metha Metro Station.
      RERA Permit No. 6591279000

      For further information, please contact our Commercial Investment Agency team on +971 54 586 2915.