City Centre Shindagha
About the project
City Centre Shindagha is a large shopping complex located near the vibrant community of Bur Dubai, Dubai. The building is situated in an area with beautiful panoramic views of the city centre. The project was developed by Majid Al Futtaim and construction was completed in 2016.
Properties include stores and boutiques for wholesalers and retail businesses. Units are furnished with all of the necessary equipment and have a minimum size of 19 sq. m (204 sq. ft.).
The complex is primarily a tourist destination and does not offer any residential properties. However, some of the nearby buildings offer apartments for rent. For example, a studio in the community, with an area of 20 sq. m (215 sq. ft.), can be rented for AED 16,000 (USD 4,000), per year.
*The price is valid for 2021
The complex provides a variety of amenities and facilities, including:
- State-of-the-art gym
- Central air conditioning
- 24-hour security with video surveillance
- Vox Cinema, a fully immersive 4D and seven-screen cinema
- Magic Planet, a family-friendly entertainment venue
- Underground parking
- Freight and passenger elevators
- Onsite pharmacies, clinics, and medical centres, such as Aster, Flormar, Healthy Life, and Life
- Pharmacy
Location
City Centre Shindagha Community is located on Al Khaleej Street. The community features a well-developed infrastructure and an abundance of attractions, such as historical monuments, residential buildings, entertainment venues, retail stores, supermarkets, and convenience stores.
The nearest bus route is the Dubai RTA, which includes buses 8, C5, C7, and C9. The X13 bus is also located near the building and makes over 20 stops. The nearest Metro station, Al Ghubaiba 2, can be reached within an 11-minute walk of the complex.
The building is located near several popular attractions, including:
- Al Madina Supermarket – 5 minutes
- Barjeel Heritage – 7 minutes
- Howard Johnson by Wyndham, Royal Ascot Hotel, Astoria Hotel, Fortune Grand Hotel Apartment, and Queen Elizabeth 2 Hotel – 15 minutes
- St. Mary’s Catholic Church – 15 minutes
- Lycee Francais International – 15 minutes
- Al Maktoum International Airport – 50 minutes
Payback
The average rental rate for a store at City Centre Shindagha, with a minimum size of 19 sq. m (204 sq. ft.), is AED 27,000 (USD 7, 000), per year. Units have a return on investment rate of 5.63%, a figure that is expected to increase in the coming years due to the area’s close proximity to the city centre and business districts.
*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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