Other in United Arab Emirates, Dubai, 4517 sq.m. For Sale

Dubai, United Arab Emirates
20 919 500 €
4 630 € / sq.m.
Other in United Arab Emirates, Dubai, 4517 sq.m.
Other in United Arab Emirates, Dubai, 4517 sq.m.
Other in United Arab Emirates, Dubai, 4517 sq.m.
Other in United Arab Emirates, Dubai, 4517 sq.m.
Other in United Arab Emirates, Dubai, 4517 sq.m.
Other in United Arab Emirates, Dubai, 4517 sq.m.
  • Area: 4517 sq.m.

Description

Ideal offer for long-term investment with rental growth potential.

Indigo Central 5 gives a new meaning to the notion of "affordable luxury". For the ideal location on Sheikh Zayed Road between the fifth and sixth junction of Indigo Central 5, the Dubai metro station is the closest reference point.

The building is located in close proximity to major sports and entertainment facilities in Dubai, including the Emirates Golf Club, Montgomery and several luxury beach resorts, as well as such famous Dubai attractions as Burj El Arab Hotel and the artificial island of Palm Jumeirah.

The striking design of the building in the form of the letter "A", indigo glass and the silver-gray finish of the Indigo Tower 5 ensure the uniqueness of the concept, embodying modern architecture.

The rental yield is 6,494. 176 dirhams per year (about 1 586 388 euros), or 9. 25%.

There are only 4 tenants for the entire building, each of which has a multi-year contract. Every 2 years of rent, the price grows by 10%.

Of the total 30-year lease of the commercial building Indigo Central 5, offered by the Dubai Real Estate Corporation (DREC), the remaining lease period is 22 years.

In addition to the 4 main office spaces, the building also houses storage rooms and a gym on the roof.

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