Knight Frank is delighted to exclusively bring you this community retail asset, which has a gross leasable area of 125,000 sq. ft.
It is located in one of the most well-established neighbourhoods in Dubai (directly opposite Mall of the Emirates) with a catchment size of 214,603 nationals and residents within a 3km radius, catering to both middle-income expat households and high-income UAE nationals.
We are targeting only best in class brands that will enhance the overall asset value, maintaining a highly selective standard across all categories. Some of the existing brands are:
* Grandiose Supermarket
* Tim Hortons
* IHOP and Applebee's
* Pappa Roti
* Coffee & Roses
* Bougee Lounge Cafe
* Beirut Streets
* Seven Hotpot
* Mumuso
* Al Fuad Exchange
* Metal East Records
The finishes are very high end with up to 6m double ceiling height frontage, facing directly onto MOE. The positioning is boutique and relaxed, smart and refined, yet chilled and approachable.
The development comprises of 11 individual buildings (28 units- 15 F&B) all connected by a temperature-controlled concourse at the rear, avoiding the common seasonality issues faced by other pedestrian friendly projects.
Unit Details
* Suitable for shisha concepts
* Electrical load - 77.69KW
* Base Rent - AED 260 per sq ft
* Service Charge - AED 30 per sq ft
Unit Area:
Internal Ground Floor - 2,873.70 sq. ft
External Landscape (GF) - 1,972.60 sq. ft (charge at 50% of the gross rent)
Internal First Floor - 1,712.65 sq. ft
Terrace First Floor - 3,464.12 sq. ft
Commercial Terms:
* 10% Reservation Payment
* 10% Security Deposit
* 10% Fit out Deposit
* 5% Promotion & Marketing Contribution
NOTE: Price indicated is exclusive of VAT
Knight Frank is the leading independent global residential and commercial property consultancy, headquartered in London. Knight Frank has a strong presence in the Middle East with offices in Abu Dhabi, Dubai and Saudi Arabia.
Posted on 17 September (2 months ago)
ID 82867
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