About the property
Welcome to a family restaurant that transports you back to the 1940s with its nostalgic charm. This iconic venue has become a favourite gathering spot, especially in the winter, when the entire roof opens up to create a serene, open-air setting—a true shisha haven.
Originally a modest 4,000 sq. ft. space, this opportunity has undergone a remarkable transformation, now sitting at an impressive 22,000 sq ft, with 23 million AED invested in renovations and upgrades to reach the level of excellence it boasts today. The restaurant enjoys a low rent of AED 1.4 million per year, secured until Oct 2028. Its prime location, complete with valet parking and easy access, makes it an irresistible destination for both locals and tourists.
For investors, this opportunity offers a compelling prospect with a five-year return on investment, generating a net monthly income of 600,000 to 700,000 AED. The business, along with its fully established setup, is available for sale at 28 million AED. Additionally, the real estate itself is up for grabs for GCC nationals at a price of 30 million AED. The decision to invest in the business alone or with the real estate is entirely up to you.
Adding to its value, the café holds a coveted shisha license—a rare asset in Jumeirah and Al Wasl, where new licenses are no longer being approved by Dubai Municipality. This exclusivity significantly enhances the investment potential of this opportunity.
In conclusion, this opportunity is more than just a restaurant; it’s a cherished landmark with a rich history, a prime location, and a solid financial foundation. Whether you’re looking to invest in a thriving business or a prime piece of real estate, this opportunity offers a unique and profitable chance that’s hard to come by in today’s market.
VILLA DETAILS:
Total Area: 22,000 sqft
Rent: AED 1,400,000 per year
Number of cheques: 4 Cheques
Fully equipped Kitchen
Furniture with Traditional designs
NOC for Shisha
Fully operating Business, fit out, Furniture and Kitchen equipment, Trade license, 75 staff members & Accommodations: AED 28M
Real Estate Sale: AED 30 million additional (Optional)
Average Net Income: AED 600,000 (per month)
IMPORTANT NOTICE: Please be aware that the pictures provided are not actual. This measure is taken to safeguard the ongoing business operations from unnecessary traffic. It is strongly advised to personally visit the property for a comprehensive viewing experience.
Viewing Procedure:
CONFIDENTIALITY: In the context of business sales, our process necessitates the signing of a Non-Disclosure Agreement (NDA) before any details can be fully disclosed. This measure is implemented to protect the business from undue exposure. Maintaining confidentiality is of utmost importance to us, as neither employees nor customers are aware of the sale. We are committed to safeguarding the business throughout the entire transaction.
ABOUT UMM SUQEIM 1
Home to Kite Beach, Umm Suqeim 1 is a residential district in the larger Umm Suqeim area. This sub-community lies between Jumeirah 3 and Umm Suqeim 2. The neighborhood features a combination of old houses and newly constructed properties.
IN A NUTSHELL
A sub-community in Umm Suqeim
Home to Kite Beach and Jumeirah Fish Market
Offers 3 to 7-bedroom villas
Sheikh Zayed Road (E11) is in proximity
COMMUNITY OVERVIEW
Popular points of interest in Umm Suqeim 1 are:
- Kite Beach
- Communal amenities include restaurants, schools, and supermarkets
- Quick access to arterial roads
COMPANY DETAILS
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 our company, our vision is your success.
Call or our agent at / +971 for further details and viewing.
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Posted on 5 February (10 months ago)
ID 82935
We determine the features of the real estate of your dreams
