I-Rise Tower
About the project
(sq. ft.)
I-Rise Tower is a 37-storey commercial building located in Dubai’s bustling district of Barsha Heights (Tecom). The project was developed by Realty Capital in 2010. The building features an elegant facade with panoramic glass windows. Properties include offices and commercial premises. Owners and tenants can enjoy a variety of amenities, including:
- Rooftop helipad
- High-speed elevators
- Covered parking
- 24-hour security
- Large windows with beautiful views of the Arabian Gulf
Units are available to buy and rent. Finished and equipped offices range in size from 671 sq. ft (62 sq. m) to 6,862 sq. ft (80 sq. m). Commercial spaces, which can be used for cafes, restaurants, salons, and stores, are located on the first floor and range in size from 514 sq. ft (48 sq. m) to 1,583 sq. ft (147 sq. m).
Offices have a minimum price of USD 160,000 (AED 600,000) and a minimum annual rental rate of USD 15,000 (AED 55,000). Commercial spaces have a minimum price of USD 120,000 to 227,000 (AED 440,800-833,800) and a minimum annual rental rate of USD 18,000 (AED 67,000).
*The price is valid for 2021
Location
I-Rise Tower is located in the popular area of Barsha Heights (Tecom) in Dubai. It is one of the best commercial centres in the city due to its developed infrastructure and proximity to Sheikh Zayed Road, Al Khail Road, and Hessa Street. Cab and bus services are available throughout the district, and the Dubai Internet City Metro Station can be reached within a 15-minute walk of the complex.
Barsha Heights is situated near other popular neighbourhoods, such as Al Barsha, Dubai Media City, Dubai Marina, Palm Jumeirah, and Lakes Towers. The Marina Mall and the Mall of the Emirates can be reached within a few minutes of the tower.
Employees can enjoy a wide selection of local entertainment venues, leisure facilities, and dining establishments. There are several popular restaurants situated within a 10-minute drive of the complex, including Taqado Mexican Kitchen, Lila Cafe, Alfenique Restaurant, Helal Al Barsha, Rhodes W1, Indego by Vineet, and Maiden Shanghai. For nightclubs and bars, employees can go to Rock Bottom, Chameleon Club, and Lucky Voice, which are located within a short walk of the tower.
Barsha Heights also offers various playgrounds and family-friendly entertainment facilities.
Payback
I-Rise Tower is located in the vibrant community of Barsha Heights. The neighbourhood boasts a modern infrastructure, which attracts real estate investors and entrepreneurs to the area. The tower is situated near major transport routes, which provide easy access to other parts of the city. Tenants of commercial space are assured a high-level of customer traffic.
The average return on investment rate for real estate in Barsha Heights is 7.67%, which is one of the highest rates in Dubai. The average rental rate for an office at I-Rise Tower is AED 600,000 (USD 163,400), per year. As a result, investors can expect a net profit of AED 580,000 (USD 157,000), minus utilities and service charges.
*The price is valid for 2021
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6111
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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