Apricot Tower
About the project
(sq. ft.)
Apricot Tower is a 15-storey commercial complex located in Dubai Silicon Oasis. The project was developed by Meraas Holdings and was built in 2009. The tower has a height of 61 metres.
There are nine exhibition pavilions and 133 offices that are available to buy and rent. The exhibition halls are located on the ground floor of the building. The remaining floors consist of offices. Most units have balconies facing the street, separate kitchens, and bathrooms.
The tower offers investors and tenants a wide selection of offices that are fully equipped, finished, and furnished. Units are move-in ready.
The building provides a variety of amenities and services, including:
- Swimming pool
- Four high-speed elevators
- Gym with modern sports equipment
- Round-the-clock security and video surveillance
- Underground parking with allocated spaces
- Reception desk
- Concierge services
Offices have a minimum size of 26 sq. m (283 sq. ft.) and a starting price of AED 698,000 (USD 190,000).
*The price is valid for 2021
Property Information
- Location Dubai Silicon Oasis, Dubai, UAE
- Status of Project Ready
- Type of Project Offices
- Area from 283 sq. ft.
- Total Amount of Units 133
Location
Apricot Tower is located near Sheikh Mohammed Bin Zayed Road, which provides easy access to other parts of the emirate. The nearest Metro station, Rashidiya, is situated within 20 minutes of the offices, and the nearest bus stop, Silicon Oasis SP Oasis 2, can be reached within a five-minute walk.
For groceries and household goods, residents can shop at Grandiose Supermarket – Silicon Oasis, which is located within a five-minute walk of the complex, and Dubai Outlet Mall is situated within a 15-minute drive.
Zayed University, as well as other well-known universities, can be reached within a 10-minute drive of the tower. Downtown Dubai is located within a 20-minute drive. Kulfi King, an Indian restaurant, is located within a five-minute walk, and Saigon Station, a traditional Vietnamese restaurant, is situated within a three-minute drive.
Payback
Dubai Silicon Oasis is one of Dubai’s fastest-growing areas. It is part of a free trade zone, which attracts companies from all over the world. As a result, there is high demand for commercial space in this part of the city among foreign investors. Offices have a return on investment rate of approximately 8.38%, per year. Units can be sold quickly and for profit. According to experts, real estate prices in Dubai Silicon Oasis will only grow in the coming years.
The annual rental rate for a ready-made office is AED 40,000 (USD 11,000).
*The price is valid for 2021
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