Empire Heights
Empire Heights - Office space in prime Dubai business place, alongside world legends. Rare 75%-upon-completion payment terms in Business Bay. Construction is in progress and secured by project finance provided by Barclays Bank and Al Ahli Bank of Kuwait. Finance is available with Dubai Islamic Bank.
649.18 USD sqft for the office in the business prime location of the Middle East commercial hub.
1,411.71 – 2,146.68 sqft gross. For 1,659.71 sqft unit:
329,221 USD are due now
748,230 USD upon completion (est. middle-end of 2010)
Rent yield is around 13% based on today’s rates (90 USD sq ft p.a).
Simple payback will be 2015
Rent yield cash-on-cash 2016 – 56%+.
Rent yield accumulative 2020: today’s rent – 1,496,460 USD; considering 5,2% average growth since 2012 – 2,217,513 USD
GPD Investments informed Ral Al Khaimah authorities have bought 2 floors in the same building.
* Price: 835,362 EUR (~ $ 1,139,445 USD) (Built area: 5,424.42 EUR / m2)
Keywords: Empire Heights, Office, Business Bay
Date & Time Listed: 2009-02-10 12:06:48 GMT
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* Polezny Konsultant
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