Al Reem Tower
About the project
(sq. ft.)
Al Reem Tower is a 22-storey commercial complex located in the Deira district of Dubai. Commissioned in 1995, the building has a height of 338 ft. (103 m), and its architectural design was implemented by Khatib & Alami.
The complex provides a variety of services and amenities, including:
- Parking for 100 vehicles
- Outdoor visitor parking
- 24-hour security and CCTV
- Passenger and service lifts
Al Reem Tower offers fully equipped retail outlets and offices for sale and rent. Units come with toilets and storage rooms, and most offices have stunning views of Dubai Bay. Properties range in size from 1,037 sq. ft. (96 sq. m) and 1,365 sq. ft. (127 sq. m).
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Property Information
- Location Deira, Dubai, UAE
- Status of Project Ready
- Type of Project Offices
- Area from 1,037 sq. ft.
Location
The nearest bus stop, Etisalat Head Office 2, is located within a two-minute walk of the complex, and the Union Metro Station can be reached within a five-minute walk.
The area offers a wide selection of restaurants and grocery stores. Magic Savoury Restaurant is situated within a five-minute walk of the building. New West Zone Supermarkets, Kadooli Supermarket, and Dreamland Supermarket can be reached within walking distance of the tower.
Union Park Deira is located within a five-minute walk of the building. The complex is situated within a 15-minute drive of several popular destinations, including:
- Dubai Future Museum
- Dubai Heritage Village
- Dubai Creek
- Dubai Creek Golf & Yacht Club
Payback
Deira is the oldest commercial district in Dubai and has a mix of commercial and residential buildings. Al Reem Tower is centrally located near the Arabian Gulf and Dubai Bay, as well as the border of Sharjah. It is home to supermarkets, shopping malls, and leisure areas. As a result, properties are in demand among real estate investors.
Units at Al Reem Tower have a return on investment rate of approximately 5%, a rate that is achieved through the leasing of acquired space on a long-term basis. Annual rental rates range from AED 62,000 (USD 17,000) and AED 82,000 (USD 22,000), and properties have an estimated payback period that ranges from 15 to 22 years.
*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 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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