Engel & Völkers is pleased to present this high-floor, fully furnished office in Ontario Tower, Business Bay, now offered at a reduced price of AED 3,000,000, presenting an attractive investment opportunity with immediate rental income and a secured tenant.
Currently leased under a 2-year tenancy contract, this commercial property offers a gross ROI of approximately 9.2%, making it an excellent opportunity for investors seeking a high-yield, income-generating asset in Business Bay.
Unit Details:
- 1,765 sq.ft.
- High floor
- Fully furnished
- Mainland license
- Sale price: AED 3,000,000
- Price per sq.ft.: AED 1,700
- Service charges: AED 14/sq.ft./year
- Annual rent: AED 275,000 + 5% VAT
- Tenanted
- 2-year tenancy contract
- Gross ROI: 9.2%
Investment Highlights:
- Recently reduced price
- Immediate rental income
- Secured 2-year tenancy contract
- Attractive price per sq.ft.
- High-floor, fully furnished commercial unit
- Strong gross rental yield of 9.2%
- Strategic Business Bay location
Ontario Tower is strategically located in Business Bay, providing convenient access to Sheikh Zayed Road, Downtown Dubai, DIFC and surrounding commercial districts, with a wide range of nearby amenities.
For further information, investment details or to arrange a viewing, please contact Engel & Völkers Commercial Dubai.