Commercial Building For Sale | 90% Occupied | DIP, Dubai Investment Park, Dubai | Property for sale | Savills
21,958 sq m(236,354 sq ft)
Guide price 80,000,000 AED(531,110,720 EGP)

Commercial Building For Sale | 90% Occupied | DIPDubai Investment Park, Dubai

    Office
    21,958 sq m (236,354 sq ft)

    Key features

    • Basement parking
    • Broadband ready
    • Carpets
    • Central air conditioning
    • Community View
    • Gymnasium
    • Intercom
    • Marble floors
    • Satellite/Cable TV
    • Storage room

    Commercial Building For Sale | 90% Occupied | DIP

    About this property

    • Bayan Building is a stabilised office and retail investment opportunity with substantial growth prospects.

      - Bayan Building is situated within Dubai Investments Park
      - DIP is a well-established business location
      - The Property was completed in 2008
      - Comprises ground floor retail with 6 upper office floors
      - Net Leasable Area of 236,354 sq. ft
      - Office element is c. 90% occupied and retail occupancy is at 98%
      - Tenants include Imdaad, Elegant Space, Centaur Group and National General Insurance
      - Gross revenue of AED 10.35mn, potential annual income of AED 11.5mn
      - Varied lease terms with a selection of tenants committed until 2029
      - Excellent car parking provision of 480 spaces
      - Leasehold - sits on a ground lease with Dubai Investments Park Authority
      - Offers significant cashflow upside via improving operational efficiency

      DLD Permit No.: 1315107290

      Further information is available in a data room, access can be provided on request.