Mixed Use Building for Sale 165 Apt & 11 Shops | AED 122 M

  • AED 120,000,000

Description

Mixed Use Building for Sale 165 Apt & 11 Shops | AED 122 M

High-Yield Residential Building Investment

🏢 Building for Sale G+ | Completed 2010

📍 Property Type: Residential Building with Retail
📐 Plot Area: Approx. 23,341.86 Sqft
🏗️ BUA: Approx. 123,326.35 Sqft
🏠 Total Apartments: 169 Units
🛏️ 1-Bedroom Apartments: 54 Units
🏡 Studios: 115 Units
🛍️ Retail Shops: 10
🚗 Basement Parking: 97 Spaces
🏋️ Gym: 6th Floor
💰 Asking Price: AED 120,000,000
📅 Year Completed: 2010

💰 Approximate Annual Revenue

115 Studios × AED 46,000: AED 5,290,000
54 One-Bedroom Apartments × AED 70,000: AED 3,780,000
10 Retail Shops: AED 2,500,000

Total Gross Annual Revenue: AED 11,570,000

📊 Approximate Annual Expenses

• DEWA: AED 190,000
• Maintenance: AED 150,000
• Administration: AED 200,000
• Insurance: AED 13,000
• Chiller: AED 360,000 (50% paid by tenants)
• Service Fees: AED 250,000 (50% paid by tenants)

Total Annual Expenses: Approx. AED 858,000

📈 Investment Return

Approx. Net Annual Income: AED 10,712,000

Net ROI: Approx. 8.93% — nearly 9% at the AED 120 million asking price.

🔥 Investment Highlights

✅ 169 residential units
✅ 115 studios + 54 one-bedroom apartments
✅ 10 income-generating retail shops
✅ Strong diversified rental income
✅ 97 basement parking spaces
✅ Gym facility on the 6th floor
✅ Completed and income-producing asset
✅ Approx. AED 11.57M gross annual revenue
✅ Approx. AED 10.71M net annual income
Nearly 9% net ROI
✅ Suitable for investors seeking established rental income

⚠️ Maximum permitted height / planning G+ designation should be verified with the relevant authority and current title/planning documents.

💼 Commission: 2% + DLD Fees

📞 CALL US NOW for full financial details, tenancy information, documents, and viewing arrangements.

Chat on WhatsApp for Full Details

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Meta Description — 22 words:
169-unit Dubai building for sale with 10 retail shops, AED 11.57M revenue, and nearly 9% net ROI at AED 120M.

Focus Words:
Dubai Building
Investment Property
9% Net ROI

Address

  • State/county Dubai
  • Country UAE

Details

Updated on August 22, 2026 at 7:13 am
  • Property ID: shireen bldg in discovery gardens
  • Price: AED 120,000,000
  • Property Type: Residential Building

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