| Commercial property investment outstrips buy-to-let returns in Dubai |
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Page 2 of 2 Peter Riddoch added: “The emirate is ranked 13th in the world in average commercial rent costs and investors could therefore hope to see a good yield on their within a reasonably short period of time. Dubai is conservatively priced when compared to other major business cities across the globe.” DAMAC Properties are currently offering ‘Water’s Edge’, a 20-storey commercial waterfront development at the heart of Business Bay. The tower constitutes an elegant mix of state-of-the-art office and retail space featuring a business lounge, reception bureau, hi-speed Internet, swipe access and 24-hour security. On the ground and first floors are further retail and recreational facilities, restaurants and café’s to cater for the needs of the business community. Prices start from £338,000 for a 1,355 sqft shell and core unit on the tenth floor. Also on offer from DAMAC Properties is ‘Lincoln Park’, a mixed tenure scheme in Dubailand. Retail space is available on the ground floor, with office space on the first and second floors. Lincoln Park is inspired by the brilliant white architecture in the American town of Chicago. The buildings have a well articulated and ornamented front entrance, flat roofs with parapet walls and beautifully designed communal roof terraces. Dubailand is an innovative, awe-inspiring entertainment and leisure development that represents an integral part of Dubai’s bold vision to become the worlds top tourism destination. Located on the Emirates Road in the business and commercial centre of Dubai, it is also close to the Arabian Ranches and Dubai Sports City. Prices start from £140,000 for a 1,088 sqft office and £184,000 for a 848 sqft retail unit. |
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