Price Price on Application

Rates Payable Upon Enquiry

Service Charge AED 25 per sq ft

Description

The available office building is situated in the heart of TECOM's Internet City and offers buyers a rare opportunity to purchase the freehold.
The 2B+G+3 office building was completed in 2006 on a 30,430 sq. ft. plot of land. Unlike the vast majority of lands within TECOM which are held on a leasehold basis, the land is owned on a freehold basis and can be acquired by individuals and entities of all nationalities.
The two ground floor units are fully fitted and currently house a Mashreq Bank retail branch (7,112 sq. ft.) and the corporate lounge and meeting rooms (3,558 sq. ft.) . 1+2+3 office floors are fully fitted and currently for 3 years until 2025.
The first floor has been fully fitted and licensed for use a Tier 2 data center with specifications that include raised flooring, FM-200 gaseous fire suppression system, close control unit (CCU) cooling system, uninterruptible power supply (UPS), close-circuit security cameras, and a large equipment delivery panel that allows access for crane-based deliveries.
In order to accommodate the data center's power requirement, the Property benefits from a 4,800 KW power allocation from DEWA supplied through three meters which is exceptional within the TECOM district. Cooling is supplied via a dual cooling system comprised of chillers on the room as well as a direct expansion (DX) air conditioning system.
The building’s two underground floors provide ample parking space for 153 cars. Additional parking is also available for lease on a yearly basis from the RTA in the public parking lot located immediately across the street from the Property.
The property is strategically located within Internet City, TECOM, Dubai’s leading state backed technology freezone. The district is home to a number of leading multinationals including GE, Microsoft, Oracle, Pfizer, and others. The asset benefits from direct connectivity to Sheikh Zayed Road as well as proximity to a number of established districts including Media City, Knowledge Village and Dubai Marina.