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Dubai National Insurance Building, Sheikh Zayed Road

Dubai National Insurance Building, Sheikh Zayed Road

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Sheikh Zayed Road, Dubai

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Strengths

Strategic Location

Modern Infrastructure

Sustainable Practices

Weakens

Limited Parking Space

High Operational Costs

Noise Pollution

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Buildign Overview

Summary

  • Located prominently along Sheikh Zayed Road, the Dubai National Insurance Building is a well-established property that embodies the dynamic essence of Dubai.
  • The building benefits from a strategic position near key landmarks such as the Dubai World Trade Centre and the Dubai International Convention and Exhibition Centre.
  • It offers excellent connectivity to public transportation, including the Dubai Metro and bus services, making it convenient for residents and businesses alike.
  • Compared to nearby commercial buildings such as Burj Al Salam and the Emirates Tower, this building stands out for its competitive rental prices and solid investment potential.

Properties Overview

  • The Dubai National Insurance Building features a range of office spaces and retail units, catering to diverse business needs.
  • Rental prices vary, with popular units ranging from AED 70 to AED 120 per square foot annually, depending on the floor and amenities.
  • For prospective buyers, available office units can range from AED 1.5 million to AED 3 million, reflecting the building's strong market presence.

Market Trends

  • Recent market analysis indicates stable rental yields averaging 8% in the area, making it attractive for investors.
  • Over the past year, demand for commercial spaces has increased, leading to a slight uptick in rental prices by approximately 5%.
  • The outlook for the next year suggests continued growth driven by the UAE’s economic recovery and infrastructural developments.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents can find essential services nearby, including supermarkets like Carrefour and schools such as the International School of Arts and Sciences.
  • The area is well-served by healthcare facilities, with a variety of clinics and hospitals, including the nearby American Hospital Dubai.

Transportation and Accessibility

  • Accessibility is one of the building's strong points, with multiple public transport options including the Dubai Metro serving the area.
  • Ample parking facilities ensure convenience for tenants and visitors.

Lifestyle Amenities

  • The building is surrounded by lifestyle offerings, including a selection of restaurants, coffee shops, and hotels.
  • Leisure facilities such as fitness centers and parks are within walking distance, promoting a balanced lifestyle.

Builing Facilities

  • The building boasts modern facilities including high-speed elevators, 24/7 security services, and centralized air conditioning.
  • Maintenance services are available, ensuring a hassle-free environment for both tenants and owners.

Special Services

  • Additional services such as concierge support and business centers add value for corporate tenants.
  • Meeting rooms and event spaces can be made available for corporate gatherings.

Planning Your Move or Investment

Floor Plans and Property Types

  • The building offers a variety of floor plans tailored to suit both small startups and larger enterprises, featuring flexible office layouts.
  • Retail spaces are also available, ideal for businesses seeking visibility on Sheikh Zayed Road.

Things to Consider

  • Before making a decision, prospective tenants and buyers should assess factors such as accessibility, market trends, and amenities offered.
  • Consider future developments in the area that may impact investment returns.

Useful FAQs and Support

Events and Building Life

Building Events

  • The Dubai National Insurance Building hosts regular networking events and community gatherings, fostering a vibrant professional environment.
  • These events promote collaboration among tenants and create opportunities for business development and social interaction.

Community Identity

  • The building is distinguished by its architectural design and commercial significance, serving as a hub for insurance, finance, and trade sectors.
  • Its central location and community-focused initiatives contribute to a unique identity in the bustling city of Dubai.

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Detailed Buiding Insights

1. Family Friendliness

The area is suitable for families due to proximity to schools and parks, although some commercial activities may detract from a family-oriented environment.

Moderately Welcoming

2. Living Options

A range of living options is available, from modern apartments to commercial spaces, accommodating various lifestyles and preferences.

Diverse Offering

3. Safety And Security

The presence of security personnel and surveillance systems contributes to a safe living and working environment, making it appealing for residents.

Remarkably Secure

4. Transportation

Excellent public transport connectivity, including the Metro and bus services, coupled with easy access to major roads, provides efficient commuting options.

Highly Convenient

5. Amenities And Facilities

The area boasts a variety of amenities including shopping centers, restaurants, and recreational facilities, catering to both residents and workers.

Richly Equipped

6. Cost Of Living

While the area has many advantages, the cost of living can be significantly higher compared to surrounding neighborhoods, potentially limiting access for some families.

Relatively High

7. Things To Do

A plethora of entertainment options, cultural attractions, and dining experiences are available, ensuring there is always something to do.

Vibrantly Diverse

8. Noise Levels

Due to the bustling commercial activities and traffic along Sheikh Zayed Road, noise levels can be higher, which may affect those seeking tranquility.

Moderately Noisy

9. Pet Friendliness

While some residential options allow pets, the urban environment and limited green spaces may restrict pet owners compared to more suburban areas.

Generally Accepting

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Key Information

Building Type:  Commercial

Unit Types :  Offices and shops

Floors: 5

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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