Spectrum Building
About the project
(sq. ft.)
Spectrum Building is a five-storey commercial complex with glass facades. It is located in Bur Dubai, one of Dubai’s busiest areas. Properties include offices, stores, and exhibition halls available to rent. Units are spacious with modern finishes, and properties have affordable rental rates and come in a variety of configurations. The building was created with business needs in mind.
The project was developed by Makeen Properties, a leading real estate developer in the UAE with 30 years of experience in construction, investments, and leasing. The company is part of Group Ghobash Ltd.
The building provides several amenities, including:
- 24-hour security with video surveillance
- Nearby stores and restaurants
- Underground parking
- Paid covered parking near the building
- Modern elevators
- Prime Coffee House
- Lobby with a waiting area
Properties include:
- Offices that range in size from 1,000 sq. ft (93 sq. m) to 3,740 sq. ft (350 sq. m) with annual rental rates that range from AED 80,000 (USD 21,700) to AED 220,000 (USD 82,000).
- Stores that cover an area of 3,792 sq. ft (352 sq. m) with annual rental rates that range from AED 18,000 (USD 4,900) to AED 342,000 (USD 93,000).
- Exhibition halls that cover an area of 3,200 sq. ft (300 sq. m) with annual rental rates of approximately AED 342,000 (USD 93,000).
*The price is valid for 2021
Location
Spectrum Building is located in the Bur Dubai district, and it is situated within three minutes of Sheikh Zayed Road, which provides easy access to other parts of the city.
The building is located near several popular destinations, including:
- Oud Metha Metro Station
- Various bus stops
- Casual dining options, such as McDonald’s, Papa John’s, and Daraj Al Yasmin
- Restaurants, such as Rasa, Sigdi, Solo Dubai, and Bed and Breakfast
- Nightclubs, such as Somerset’s Bar and Carter’s Gastro Pub
- Commercial buildings and hotels, such as Millennium Plaza, Sultan Business Centre, and
- Mandarin Building
- Gyms, such as Eagle and Slim-N-Trim Ladies
- Al Nasr Leisure Land
- Schools, hospitals, and parks
- Gas stations
Payback
Makeen Properties offers commercial space for rent at the Spectrum Building. The complex has properties that vary in size and price, and the building’s prime location provides quick commutes to nearby residential complexes.
Spectrum Building offers several profitable real estate investment opportunities, and the average return on investment rate for a property ranges from 6.3% to 8.7%.
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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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