Name: Whole buildings commercial for sale in Jumeirah Village Circle
Brand: Property Finder

Fortunato

Reef Residence

Alfa Residence

Ghalia

Belgravia 2

Jumeirah Village Circle

District 10

The One at Jumeirah Village Circle

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Whole buildings for sale in Jumeirah Village Circle - 2 whole buildings for sale | Property Finder UAE

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Whole buildings commercial for sale in Jumeirah Village Circle

Kanishk Kavadia

VIBGYOR Real Estate

The One Hotel is a luxury boutique hotel located in Jumeirah Village Circle (JVC), Dubai. The hotel is part of the ongoing development in JVC, which has been rapidly expanding to accommodate more residential, commercial, and hospitality projects. JVC has become known for its central location and more affordable pricing compared to other areas in Dubai, making it an attractive place for both residential and hospitality developments.

1 Bedroom Hotel Apartment
 1 Bathroom
 Fully Furnished
 Area: 384.59 Sq.ft
 Serviced
 Basement parking
 Built in wardrobes
 4 Star Hotel
Room on hotel pool sharing basis
owner have every year free 14 days stay with breakfast 
 7% *ROI

 About The One at Jumeirah Village Circle (JVC) ~

The One at Jumeirah Village Circle (JVC) is a modern residential development offering a range of stylish apartments in one of Dubai&#39;s most sought-after communities. Known for its sleek architecture and contemporary design, it provides residents with high-quality finishes and premium amenities, including a gym, swimming pool, and landscaped areas. Located in the heart of JVC, residents enjoy convenient access to major highways, shopping centers, schools, and entertainment options, making it an ideal choice for urban living.

Vibgyor Real Estate LLC specializes in investment sales and leasing of both commercial and residential properties. We also offer portfolio management services across Dubai.

RERA: 1881
License: 565831

Dubai

Luxury Hotel Room/ Big size studio/ Below OP/ investor deal

Fazlrahman Molana

OBG Real Estate Broker

OBG Commercial and Capital Markets Team is proud to bring to market a 221-unit ready building in a fantastic location in JVC with close proximity to the JVC 2 Exit and the iconic Five Hotel.

This asset is an excellent fit for a hands on operator to actively manage this property to bring rents in alignment with market and activate commercial space on the ground floor.

PRESENT USE:

Building was built as a staff accommodation, now leased to a single tenant for short-term stays.

PROPERTY DETAILS:

Plot Size - 76,179 sqft
G+4 with 2 Basements and 282 Parking Spaces 
221 Residential Units (610,860 AED/unit on asking price)
120 Studios
101 2-Bedrooms 

Residential Leasable Area 
In-place per square foot annual rent is just over 70 AED psf.  Market rents for similar product within the vicinity is over 100 AED psf.  

Potential Commercial Area
Located on the ground floor, this space is used by the current tenant for their internal operations.  Retail vacancy in JVC is at historic lows with very attractive lease rates for a hands on operator who can activate this space.  

Under-Utilized Areas
Primarily comprised of staff lounges on every floor that are no longer in use, this space can potentially generate substantial returns for a creative future owner.

LEASE DETAILS:

5 Year lease commencing April 2023 with escalations from Year 3 onwards.  Landlord has an exit clause.  2024 rent is 8M AED/year.  Next year it escalates to 8.4M and 5% thereafter until end of term.  This rent is grossly under market for similar furnished apartments.  

Please get in touch today for further details.

Whole buildings commercial for sale in Jumeirah Village Circle

Luxury Hotel Room/ Big size studio/ Below OP/ investor deal

Ready Building | Single Tenant | Huge Potential

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