About this property
Property Overview:
Location: Motor City, Dubai – a prime, high-traffic location known for its vibrant community and excellent accessibility.
- Total Commercial Space: 13,000 sq ft original space, with an additional expansion space available, bringing the total leasable area approximately 24,200 sq ft.
- Annual Rental Value: AED 6,480,000 / AED 270 per sq ft.
- Expansion Details: The additional 11,200 sq ft is available free of charge, but construction and fit-out costs will be borne by the tenant. Negotiations between the tenant and landlord may include a grace period of free rent and reduced rental rates for the first year to offset these expenses.
- Key Selling Points: Prime visibility, accessibility, ample parking, and a well-established community with high footfall, making it ideal for high-end brands.
Incentive Structure for Expansion Space:
1. Grace Period: Negotiable grace period of up to 6 months free rent, allowing tenants to cover the initial construction and fit-out costs of the additional space.
2. Reduced First-Year Rent: Potential agreement on lower rent value during the first year, to offset the tenant’s construction expenses, making the expansion financially attractive.
3. Tenant Contribution: The tenant is responsible for construction costs for the additional 11,200 sq ft, ensuring they have the flexibility to design the space according to their operational needs.