Sobha Ivory Tower 2

Sobha Ivory Tower 2 is a 16-storey commercial tower located in one of Dubai’s central Business Bay areas. This area includes 64 million square feet of projects. Sobha Ivory Tower 2 was designed and built by Sobha Properties Limited. The project has 16 floors. Development began in 2007 and was completed in 2011. The complex is divided into two buildings: Sobha Ivory Tower 1 and Sobha Ivory Tower 2.

Sobha Ivory Tower 2 has 24-hour video surveillance and offers maintenance services. Offices in the tower range in size from 1,078 to 1,400 square feet. Three high-speed elevators, high-speed Internet, parking, restrooms and storage for each office are available in the tower. There are also many restaurants nearby, Sobha Sapphire Building, Clover Bay Tower, and Belhab Tower.

Sobha Ivory 2 offers fully equipped and basic office space and retail stores for rent. Office rental prices range from AED 60,000 – 65,000 (USD 16,300 – 17,700). The price for buying an office ranges from AED 530 000 (USD 144 000).

The commercial real estate sector in Dubai is very popular with both tenants and investors. A large number of both local and international companies operate in the emirate, which provide a high demand for office properties in the emirate. In addition, since the lifting of the quarantine measures, there has been a noticeable expansion of the local commercial sector – companies are gradually returning to their usual working rhythm and renting more spacious office space.

The average return on office property in the Business Bay area is 4-6% per annum, which is quite high.