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Whole Building | Al Safa

AED 68,000,000
Book Now
BUA48,620 ft2
Price per ft21,399 AED
Property typeCommercial Building
AreaAl Safa
DevelopmentAl Safa 2
ID (Ref.No)INV-54376
A perfect investment offer| Indigo Central 5 commercial tower on Sheikh Zayed Road

A perfect offer for long-term investments with a growing rents potential.


Indigo Central 5 redefines affordable luxury meaning. Located strategically on Sheikh Zayed Road, between the fifth and sixth interchange Indigo Central 5 has Dubai metro station as its nearest landmark.


The building is situated in close proximity to major sports, leisure and recreational facilities in Dubai, including Emirates Golf Club, The Montgomerie and several luxury beach resorts, as well as main Dubai’s landmarks like Burj Al Arab Hotel and the man-made island of Palm Jumeirah.


With its striking ‘A’ shaped structural design, indigo glass and silver grey exterior, Indigo Tower 5 is unique in concept and epitomizes modern architecture.


The full building gross rental yield is AED 6,494,176 per annum (9.25% gross rental yield)


There are only four (4) tenants in the full building each with multiple year contracts. An escalation of ten (10%) percent is applicable every two (2) years on the rent.


Indigo Central 5 commercial tower is on a 30 year lease/concession from the Dubai Real Estate Corporation (DREC) with 22 more years of lease term left.


In addition to 4 main office premises the building also has storage spaces and a gym on a rooftop.

Facilities
  • 24 hour maintenance
  • Business centre
  • Lease Management
  • Public transport
  • Retail Services
Location
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5,000 AED/ft2
SALE
106,728,000
AED 68,000,000
Book Now
BUA48,620 ft2
Price per ft21,399 AED
Property typeCommercial Building
AreaAl Safa
DevelopmentAl Safa 2
ID (Ref.No)INV-54376
Oleg Lavrik
Agent | BRN: 5201
Language: Russian
Office Tel: +971 4 3951911
Tel: +7 903 232 80 80
Tel: +971 50 2528188    
E-mail: oleg@imexre.com
Skype: resident69

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Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management