Prime Retail Shop Investment

Key Property Details:

• Property Type: Retail Shop with High ROI
• Project: IT Plaza
• Location: Dubai Silicon Oasis (DSO)
• Size: 761.98 sq. ft
• Unit Type: Rented
• Current Status: Tenanted – generating rental income of AED 73,500, with anticipated rental income rising to AED 82,000 - AED 84,000.

Ownership Information:

• Title Type: Leasehold (99 years) - potential for Freehold as several nearby buildings transition, potentially increasing property value by 25-30%!
• Parking: One dedicated space
• Selling Price: AED 865,000
• Price per Sq. Ft: AED 1,148
• Annual Service Charges: AED 10 per sq. ft (totaling AED 7,600)
• Rental Yield: Approximately 8.4% gross, with an expected 9.6% for the coming year.

Highlights:

• Strategically located in a thriving tech and business hub.
• Surrounded by thousands of residential and office units, ensuring high foot traffic.
• Direct visibility to IT companies and burgeoning startups.
• Close proximity to RAK Bank, a variety of restaurants, coffee shops, and medical centers.
• Ample visitor parking available.
• 24/7 security and maintenance services in the building.

Location Benefits:

• Prime spot within Dubai Silicon Oasis.
• Just 1 minute to Sheikh Mohammed Bin Zayed Road.
• 15 minutes to Downtown Dubai and DXB Airport.
• Walking distance to residential towers.
• Convenient access to public transport, schools, and universities.

Ownership Details:

• Title: Leasehold (Dubai Silicon Oasis Authority – DSOA)
• Ownership Transfer Fee: Approximately 4% of purchase value + DSOA transfer charges.