Al Shafar Tower 1
About the project
(sq. ft.)
Al Shafar Tower 1 is a 26-storey mixed-use development located in Barsha Heights, one of Dubai’s most desirable areas. Construction began on the project in 2006 and was completed in 2009.
Al Shafar Tower provides a variety of services and facilities, including:
- Eight levels of parking
- Several high-speed elevators
- 24-hour security and video surveillance
- Fire safety systems
- Concierge services for tenants and guests
- Service personnel
- Retail stores, cafeterias, and a medical centre on the first floor
Commercial real estate is available to buy and rent. Offices and retail spaces range in size from 1,400 sq. ft to 1,600 sq. ft. Offices come equipped with bathrooms and storage rooms.
The annual rental rate for a unit starts at AED 90,000 (USD 24,500).
*The price is valid for 2021
Property Information
- Location Barsha Heights, Dubai, UAE
- Status of Project Ready
- Type of Project Offices
- Area from 1,400 sq. ft.
Location
Al Shafar Tower 1 is located within two minutes of Sheikh Zayed Road, which offers easy access to other parts of the emirate for those who have personal vehicles. The nearest bus stops, Mazoon Hotel & Apartments and Saleh Bin Lahej Building, can be reached within a five-minute walk of the complex, and the Dubai Internet City Metro Station is located within the same distance.
Dubai Marina, Al Sufouh, Jumeirah Lake Towers, and Emirates Hills are situated within a 10- to 15-minute drive of the offices. The complex is surrounded by other commercial buildings, such as Thuraya Tower, Icon Tower, and Grosvenor Business Tower.
There are many excellent restaurants and catering facilities in the area, as well as within the complex itself. On the first floor of the building, employees can dine at Chin Chin Café, which serves Chinese delicacies and various drinks.
Additional lunch options can be found at the Mall of the Emirates, which can be reached within a 10-minute walk of the complex. In addition to local cuisine, restaurants serve a wide range of international cuisines, such as American, Mexican, Chinese, and Indian. The most popular establishments are Farzi Café, Din Tai Fung, Shakespeare & Co., Wagamama, California Pizza Kitchen, Texas De Brazil, and Carluccio’s.
Renshi’s Fitness Centre is located within a five-minute walk of the tower.
Payback
Al Shafar Tower 1 offers a convenient location with quick access to most other parts of the city. The surrounding area has a well-developed infrastructure and a variety of useful facilities. As a result, properties are in-demand among investors. The return on investment rate for a unit is 5.3%, per annum. If current trends persist, it is possible to recoup a real estate investment within 18 to 20 years.
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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