Property details

Description

Prime JVT location with excellent connectivity towards Sheikh Mohammed Bin Zayed Road & Al Khail Road, benefiting from the continuous growth of the surrounding residential catchment. RETAIL-02 • Size: 1,210.29 sqft. • Price: AED 3,025,725 • Price per sqft: AED 2,500 PSF 30% Downpayment * 4% DLD * 5% Discount * New Price PSF: AED 2,375 PSF * Discounted Price: approx. AED 2,874,439 50% Downpayment * 4% DLD * 10% Discount * New Price PSF: AED 2,250 PSF * Discounted Price: approx. AED 2,723,153 Current average retail rent in the area is approx. AED 240 PSF. Expected Annual Rent: 1,210 sqft × AED 240 = approx. AED 290,470 per year Expected Gross ROI at Handover: * Full Price Scenario: approx. 9.6% ROI * 5% Discount Scenario: approx. 10.1% ROI * 10% Discount Scenario: approx. 10.7% ROI Fully F&B approved with 55 kW power load, a major advantage as F&B units generally command higher rental values than standard retail. At rental levels of AED 260–280 PSF, projected gross ROI could increase up to approx. 11.5%–12.5%.

Location

Vivid Tower, District 1, Jumeirah Village Triangle, Dubai

The pin is approximate and reflects the property's area.