Price AED 70,000,000

Rates Payable Upon Enquiry

Service Charge Upon Enquiry

Description

JLL welcomes you to this premier investment opportunity: a premium, freehold, income-producing headquarters building located in the vibrant heart of Deira, directly adjacent to the Al Ghurair Centre. This fully leased commercial asset delivers immediate, stable cash flow with strong covenants in one of Dubai's most established commercial districts.

Property Details:

Location: Prime position in Deira, situated directly beside Al Ghurair Centre for maximum visibility and accessibility
Asset Type: Freehold Company Headquarters (HQ) building
Occupancy: Fully tenanted, offering immediate income generation
Office Tenancy: Single, high-quality tenant occupying all office levels
Retail Tenancy: Two prime retail units leased to high-caliber tenants (the primary office tenant and an established bank).
Lease Term: Active tenancy from 2020 to 2029, featuring a five-year break clause with a six-month notice period.

Financials & Features:

- Gross Annual Income: Approximately AED 4,600,000.00
- Ownership: 100% Freehold
- Favorable Utility Structure: Under the lease contract, the landlord pays only 40% of the DEWA bill (covering electricity and cooling for common areas, elevators, and chillers), while the tenant covers the remaining 60%. The landlord incurs no other utility charges.

Streamlined Operations: Total annual building maintenance and security costs stand at approximately AED 392,100.00
distributed as:

- Facilities Management (FM) Services: AED 225,100.00 per annum
- Security Services: AED 117,000.00 per annum
- Soft Services: AED 50,000.00 per annum

JLL is a Fortune 500 global commercial real estate leader with over 200 years of experience, serving clients across 80+ countries. SEE A BRIGHTER WAY.