Building for sale in Barsha 1, the building is a prime commercial property located in a highly sought-after area in Dubai. This iconic building stands prominently in the heart of the city, offering an excellent opportunity for both local and GCC companies to own a prestigious space.
Conveniently situated just a 5-minute walk away from the renowned Emirates Mall, the building enjoys easy access to a multitude of amenities, including shopping, dining, entertainment, and leisure facilities. Its strategic location ensures high visibility and foot traffic, making it an ideal choice for businesses aiming to establish a strong presence in the area.
Designed with sophistication and functionality in mind, Barsha 1 Building boasts a modern architectural style with a B+G+8+R (basement, ground floor, 8 additional floors, and a rooftop) structure. The plot size spans an impressive 24,040 square feet, providing ample space for various commercial activities.
With a generous built-up area of 166,260 square feet, the building offers an extensive range of rental units and commercial spaces. The property comprises 73 two-bedroom units, catering to the needs of families and professionals seeking spacious and comfortable living spaces. Additionally, there are 45 one-bedroom units, perfectly suited for individuals or couples looking for a cozy home in a vibrant location.
In addition to the residential units, Barsha 1 Building features seven shops, providing valuable retail opportunities for businesses to showcase their products and services. The diverse mix of residential and commercial spaces creates a dynamic and thriving environment within the building, attracting a wide range of clientele.
Built in 2007, the building has established a strong reputation in the market, with all units currently rented at full occupancy. The demand for tenancy is so high that there is even a waiting list for prospective tenants. This high occupancy rate guarantees a stable and consistent rental income stream, with a net income of 7.575 million up until the end of 2022.
The building’s operational expenses amount to 350,000 AED per year, ensuring proper maintenance and management of the property. The well-maintained facilities and professional management contribute to a pleasant and hassle-free experience for tenants and owners alike.
As a highly desirable investment opportunity, Barsha 1 Building is being offered for sale at a selling price of 95 million AED. This price reflects the building’s prime location, excellent rental income, and the potential for future appreciation in value.
Overall, Barsha 1 Building presents a unique chance for investors to acquire a prominent commercial property in Dubai. Its strategic location, high occupancy rate, and impressive financial performance make it an attractive prospect for those seeking a lucrative and prestigious investment in one of the most vibrant cities in the world.
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