AED 1,400,000 /year

2 Bathrooms
16,000 sqft / 1,486 sqm
VILLA FOR RENT IN UMM SUQEIM 1, UMM SUQEIM

Shisha Licensed Business For Sale: Operational Family Restaurant

Step into a family restaurant that transports you back to the 1940s with its captivating nostalgic charm. Nestled in a prime location, this beloved eatery is a hotspot, especially during the winter months, when its expansive roof opens for a serene open-air shisha experience under the stars.

What started as a modest 4,000 sq. ft. space has flourished into an impressive 16,000 sq. ft. establishment, thanks to a remarkable AED 28 million investment in world-class renovations. Despite its significant upgrades, the restaurant maintains a favorable annual rent of AED 1.4 million, secured until October 2028. Conveniently located with valet parking and seamless access, it has become a favorite destination for both locals and tourists.

A Lucrative Investment Opportunity
This thriving business offers a promising return on investment within just five years, generating a monthly net income of AED 700,000. Priced at AED 28 million, the business is fully operational and includes its complete setup. For GCC nationals, there’s an exclusive option to purchase the real estate for AED 30 million in addition to the business sale.

Adding to its allure is the possession of a rare shisha license, a privilege no longer granted by Dubai Municipality in the prestigious Jumeirah and Al Wasl areas.

Key Details:

Total Area: 16,000 sq. ft.
Annual Rent: AED 1,400,000 (4 cheques)
Fully Equipped: Kitchen, traditional furniture, and staff accommodations.
Price for Business: AED 28 million
Optional Real Estate Purchase: AED 30 million
Net Monthly Income: AED 700,000
Viewing Information
Please note that provided pictures are not actual, ensuring business confidentiality. Personal visits are encouraged for a comprehensive viewing experience. Prospective buyers are required to sign a Non-Disclosure Agreement (NDA) to maintain discretion, as employees and customers are unaware of the sale.

About Umm Suqeim 1
Located between Jumeirah 3 and Umm Suqeim 2, this vibrant sub-community is known for its mix of old and new homes, proximity to Sheikh Zayed Road, and attractions like Kite Beach and the Jumeirah Fish Market.


COMPANY PROFILE
We are so much more than a full-service real estate firm. We're a group of talented people with a passion for finding the best way to gain maximum returns on our property investments and ensure our clients receive the best service possible. At Blackstone Gulf, our vision is your success.

Call or WhatsApp Sabele Buraik at +971 52 628 2552 / +971 4 554 0535 for further details and viewing.

Property details

Property Type

Villa

Property Size

16,000 sqft / 1,486 sqm

Bathrooms

2

Available from

27 Oct 2024


Location

Map preview
Umm Suqeim
Community Insights

Apartments and villas | Luxury

Price Range:

85K-2M AED/year

Provided by

BLACKSTONE GULF REAL ESTATE BROKER L.L.C

Exclusively on Property Finder

See all properties (95)

Sabele Buraik

4.6

Response time

within 30 minutes

Closed Deals

4

Languages

English, Arabic

See agent properties (27)

Regulatory information
Regulatory information

Reference

blackstone-13004129

Listed

1 month ago

Broker License

1961

Zone name

Um Suqaim First

DLD Permit Number:

70125811146

Agent License

34256

DLD Permit Number

Sabele Buraik

4.6

Usually responds within 30 minutes

BLACKSTONE GULF REAL ESTATE BROKER L.L.C

Exclusively on Property Finder