Ready for Handover | 11.6% Return | Lagoon Facing
Premium Investment in Azizi Riviera with Scenic Views
Property Details:
For AED 1,150,000, acquire a 292 sq ft retail unit in Azizi Riviera, a stone's throw from Dubai Downtown. It boasts lagoon views with the Burj Khalifa and Business Bay skyline in the backdrop, ideal for diverse retail ventures.
Vibrant Neighborhood
Azizi Riviera isn't just a residential space; it's a bustling community with 69 buildings offering ground-level retail opportunities. This unit's lagoon-facing aspect and view of Dubai's iconic skyline enhance its allure.
Select Customer Base
Situated in a lively area with over 20,000 residents and close to upscale locales like Sobha Hartland, this retail space is primed for a high-end clientele, ensuring consistent footfall.
Financial Snapshot
Leasing Rate: AED 400/sqft
Annual Gross Income: AED 116,000
Operating Expenses: None (triple net lease)
Net Income: AED 116,000
Net Yield: 11.6% on initial investment
Strategic and Scenic Opportunity
This retail unit is more than a property; it's a strategic investment in a prime location, offering a steady income and an attractive ROI against Dubai's magnificent skyline. Azizi Riviera presents an opportunity in a rapidly evolving urban center.
Property Details:
For AED 1,150,000, acquire a 292 sq ft retail unit in Azizi Riviera, a stone's throw from Dubai Downtown. It boasts lagoon views with the Burj Khalifa and Business Bay skyline in the backdrop, ideal for diverse retail ventures.
Vibrant Neighborhood
Azizi Riviera isn't just a residential space; it's a bustling community with 69 buildings offering ground-level retail opportunities. This unit's lagoon-facing aspect and view of Dubai's iconic skyline enhance its allure.
Select Customer Base
Situated in a lively area with over 20,000 residents and close to upscale locales like Sobha Hartland, this retail space is primed for a high-end clientele, ensuring consistent footfall.
Financial Snapshot
Leasing Rate: AED 400/sqft
Annual Gross Income: AED 116,000
Operating Expenses: None (triple net lease)
Net Income: AED 116,000
Net Yield: 11.6% on initial investment
Strategic and Scenic Opportunity
This retail unit is more than a property; it's a strategic investment in a prime location, offering a steady income and an attractive ROI against Dubai's magnificent skyline. Azizi Riviera presents an opportunity in a rapidly evolving urban center.
Property Information
- TypeShop
- PurposeFor Sale
- Reference no.Bayut - NR04
- CompletionReady
- Average Rent
- Added on20 December 2023
Trends
Mortgage
Location & Nearby
Location
Schools
Restaurants
Hospitals
Parks
This property is no longer available
Samuel Tshepo Maubane
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