Dubai National Insurance Building, Deira

Deira, Dubai

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Strengths

Strategic Location

Modern Architecture

Comprehensive Facilities

Weakens

High Occupancy Levels

Traffic Congestion

Limited Parking Space

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Strengths

Strategic Location

Located in the bustling area of Deira, providing easy access to major business hubs and amenities.

Modern Architecture

The building features contemporary design elements that enhance its aesthetic appeal.

Comprehensive Facilities

Equipped with modern facilities that cater to tenants' needs, including conference rooms and communication systems.

Weaknesses

High Occupancy Levels

The building often experiences high occupancy, making it difficult for prospective tenants to find available space.

Traffic Congestion

The surrounding area can experience heavy traffic, especially during peak hours, which may hinder accessibility.

Limited Parking Space

Insufficient parking facilities can be a challenge for visitors and tenants who rely on personal vehicles.

Considerations

Safety and Security

Ensure that safety measures are actively enforced to maintain a secure environment for tenants.

Maintenance Costs

Potential tenants should consider the maintenance costs associated with the building's facilities.

Future Development Plans

Stay informed about any future development plans in the area that could impact property value and accessibility.

Buildign Overview

Summary

The Dubai National Insurance Building is strategically located in the vibrant Deira area, known for its rich cultural heritage and bustling business environment.
It is well-connected to public transport, including metro stations and bus routes, making it easily accessible for both residents and visitors.
Nearby facilities include various shopping centers, restaurants, and key landmarks such as Al Ghurair Centre and Al Rigga Street.

Properties Overview

The building features a range of properties available for rent and sale, catering to diverse needs and budgets.
Popular property types include office spaces and retail units, with rental prices typically starting from AED 60,000 annually, depending on the size and amenities.
Sales properties are also attractive, with average prices around AED 1,200 per square foot.

Market Trends

The real estate market in Deira has seen positive trends, with rental prices experiencing a moderate increase of about 5% in the past year.
Investors can expect a solid return on investment (ROI) of approximately 7-8%, making it an appealing option for both new and seasoned investors.
Future projections indicate continued demand for commercial spaces, driven by the area's development initiatives.

Living and Investing in the Building

Amenities, Schools, and Healthcare

Residents have access to essential services such as supermarkets, schools, and healthcare facilities, providing convenience at their doorstep.
Notable institutions include Repton School and several international clinics, ensuring quality education and healthcare.

Transportation and Accessibility

Public transportation options include Dubai Metro and bus services, offering seamless connectivity to other city areas.
Ample parking spaces are available for both residents and visitors, enhancing accessibility.

Lifestyle Amenities

The neighborhood offers vibrant lifestyle options featuring restaurants, cafes, fitness centers, and various entertainment venues.
Outdoor activities can be enjoyed at nearby parks and recreational facilities.

Builing Facilities

The Dubai National Insurance Building is equipped with modern facilities including high-speed elevators, 24/7 security, and central air conditioning.
Regular maintenance services ensure a comfortable and secure living and working environment.

Special Services

Additional services include concierge support and business centers, catering to the needs of both residents and commercial tenants.
Guest services are also available, providing convenience for visitors.

Planning Your Move or Investment

Floor Plans and Property Types

A variety of flexible floor plans are available, ranging from compact office spaces to larger corporate suites, suitable for diverse business needs.

Things to Consider

Prospective tenants and buyers should consider factors such as proximity to essential services, property size, and community vibe before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

The Dubai National Insurance Building fosters a sense of community through regular events and gatherings, enhancing social interactions among tenants.

Community Identity

The building is distinguished by its blend of modern architecture and historical significance, contributing to the vibrant identity of Deira.

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Detailed Buiding Insights

1. Family Friendliness

The area offers several parks and recreational facilities suitable for families, as well as schools in proximity, making it more accommodating for families.

Moderately Friendly

2. Living Options

There are a variety of living options available, including apartments and offices, catering to different preferences, although more more residential options would enhance diversity.

Fairly Diverse

3. Safety And Security

The presence of security personnel and surveillance cameras contributes to a good sense of safety, though like any urban area, caution is advised during late hours.

Relatively Secure

4. Transportation

Excellent transportation links, including the availability of metro stations, buses, and access to major roads make commuting very easy.

Highly Convenient

5. Amenities And Facilities

The area is home to numerous shops, restaurants, and services, providing residents with easy access to essential amenities and recreational facilities.

Richly Equipped

6. Cost Of Living

Living in this area tends to be pricier compared to other districts in Dubai, particularly in terms of housing, but this is balanced by the availability of amenities.

Relatively High

7. Things To Do

A wide range of activities and attractions are available nearby, including shopping malls, cultural sites, and dining options, making it an exciting place for residents and visitors alike.

Vibrantly Diverse

8. Noise Levels

Due to nearby commercial activity and traffic, noise levels can be elevated, particularly during peak hours, but quieter spots can be found in residential zones.

Moderately High

9. Pet Friendliness

While some parks and areas are pet-friendly, the urban environment poses challenges. Options for pet-friendly facilities are available but limited.

Somewhat Accommodating

Schools

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Key Information

Building Type: Commercial

Unit Types : Commercial offices and shops

Floors: 12

Community Insights

Mostly apartments | Luxury | Well connected

Lowest: 135K - 260K AED/year

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