Sobha Ivory 1
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Sobha Ivory 1

About the project

Sobha Ivory 1 is a high-rise office building in Dubai Business Bay. The tower is part of the Sobha Ivory complex. The total area of the facility is 107,856 sq. ft (10,000 sq. m). The project is owned by Sobha Real Estate LLC.

This structure consists of:

  • three basement floors;
  • 12 floors set aside for office space.

The construction of the facility was completed in 2013. It contains not only office space, but also retail stores and a pharmacy. The building is equipped with centralized air conditioning, water and power supply systems. Inside the building there are three high-speed elevators for quick access to any floor. There is also a service lift for moving heavy loads.

Office owners in Sobha Ivory can expect to have parking spaces in the parking lot in front of the building. A waiting area for guests and visitors is provided in the lobby. Concierge services are also available in the complex. To ensure the safety of employees and visitors of this office building is monitored around the clock with modern video cameras.

Sobha Ivory 1 offers offices from 1,177 to 1,500 sq. ft (109-139 sq. m). Both fully furnished and unfurnished offices are available for sale, which can be furnished to your liking.

There is also real estate for retail stores. These properties range in size from 840 to 913 sq. ft (78-85 sq. m). The premises can be used as a mini-market, laundromat, or even a cafe.

The cost of real estate in Sobha Ivory depends on their configuration. It ranges from AED 800,000 to 1,100,000 (USD 217,800-300,000).

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Location

The area in which the business center is located is one of the most popular in Dubai among those wishing to purchase real estate. Business Bay is considered the business center of the city.

Sobha Ivory 1 is 10 minutes from the center of Dubai. The complex is located near the two main roads in UAE: Al Khail Road (E44) and Sheikh Zayed Road (E11). There are bus stops and metro stations in close proximity to the property.

The area’s best fitness centers are just a short drive away. You can also visit restaurants of various cuisines in Business Bay: Pinza, Ree7an, Han Cuisine, Galito’s, etc. Near the building there are also popular international food establishments such as KFC, Burger King, and McDonald’s, etc.

There are many commercial and residential buildings around Sobha Ivory.

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Payback

To date, the gross yield on real estate investments in the Business Bay area exceeds 5%. Depending on the configuration of the office space, its annual rent can range from AED 50,000 to 200,000 (USD 13,610-54,500).

Given the current price of offices in Sobha Ivory 1, the purchase of non-residential property in this business center will pay for itself within 8-12 years.

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