Onyx Tower is situated on main Sheikh Zayed road, right next to Emaar Business Park. This particular office is a full floor and is rented to a big corporate for 5 years. It is rented in One Cheque / Year. Third year has been started for the rent and next year rent will be increase for almost 10% and the year after 5%. The tenant has done fit out and spends millions in the fit out, which means they are not going to move out for the next 10 to 15 years.
Current Return on Investment (ROI) is 9.1% and it will goes more than 10%.
Amazing opportunity if you are looking for a long term fixed rental income.
This prestigious building is a Grade A building with Jumeirah hotel attached to it. The building offers very good retail mix, which consists of Food and Beverages, supermarket, Salon, Clinic, Pet shop and many other activities. This floor has 360% views of Emaar business Park, Golf course, Sheikh Zayed road and Marina Skyline as well.
Company name: Coldwell Banker
RERA ORN: 1201
Address: Office 1211, Onyx Tower 1, Greens, Dubai
Office phone no: +97143825000
-Central air conditioning
-View of golf course
-24 hours Maintenance