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MBK Tower, Business Bay

MBK Tower, Business Bay

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Business Bay, Dubai

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Strengths

Prime Location

Modern Amenities

Sustainable Design

Weakens

High Rental Prices

Parking Limitations

Noise Levels

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Buildign Overview

Summary

  • MBK Tower is a premier commercial skyscraper located in the vibrant Business Bay district of Dubai.
  • This modern high-rise is strategically situated near key landmarks like the Burj Khalifa, Dubai Mall, and the Dubai Water Canal.
  • The building offers excellent connectivity to main roads and is served by various public transport options, enhancing accessibility for tenants and visitors.
  • Compared to neighboring towers such as the Executive Towers and Central Park Towers, MBK Tower stands out with its cutting-edge design and extensive amenities.

Properties Overview

  • The tower hosts a mix of premium office spaces for lease and select retail units, catering to diverse business needs.
  • Current rental prices for office spaces in MBK Tower fall between AED 120 to AED 200 per square foot.
  • For purchase, available office units range from AED 1.5 million to AED 5 million, depending on size and floor level, appealing to both investors and business owners.

Market Trends

  • The commercial real estate market in Business Bay has seen a steady increase in demand, particularly for office spaces as more businesses relocate to this thriving area.
  • In the past year, average rental rates have exhibited an upward trajectory of approximately 8%, with expectations of continued growth driven by developments in the area.
  • Buyers can anticipate a return on investment (ROI) ranging from 7% to 10%, making MBK Tower an attractive option for property investment.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • The vicinity of MBK Tower is home to several essential services, including supermarkets, schools, and healthcare facilities.
  • Nearby educational institutions include the International School of Arts & Sciences and the GEMS Wellington Academy.
  • For healthcare, prominent facilities like Mediclinic City Hospital and Emirates Hospital are just a short drive away.

Transportation and Accessibility

  • MBK Tower benefits from excellent public transport links, including the Dubai Metro and bus services, making commuting easy for occupants.
  • The building features dedicated parking spaces for tenants and visitors, ensuring convenience and accessibility.

Lifestyle Amenities

  • Residents and tenants enjoy access to a variety of lifestyle amenities including state-of-the-art gyms, luxurious restaurants, and upscale hotels.
  • The nearby Dubai Fountain and waterfront park provide outdoor recreational opportunities, enriching the overall lifestyle experience.

Builing Facilities

  • MBK Tower is equipped with advanced facilities, including high-speed elevators, 24/7 security, and central air conditioning.
  • Regular maintenance services ensure that the building remains in excellent condition for all tenants.

Special Services

  • The tower offers unique services such as concierge support, business centers, and dedicated guest services, enhancing the working environment and comfort for all occupants.

Planning Your Move or Investment

Floor Plans and Property Types

  • MBK Tower features various floor plans tailored to businesses, ranging from compact office spaces to expansive corporate suites.
  • These flexible layouts allow businesses to choose spaces that best fit their operational needs.

Things to Consider

  • Prospective tenants and buyers should assess the building's location, amenities, and space requirements before making a decision.
  • Understanding the competitive rental and purchase rates in the area will help in making an informed investment choice.

Useful FAQs and Support

Events and Building Life

Building Events

  • MBK Tower hosts regular networking events and community gatherings that foster engagement among tenants and local businesses.
  • Seasonal celebrations and corporate events add to the building's vibrant community atmosphere.

Community Identity

  • What complements MBK Tower's identity is its modern architectural design and sustainable features, setting it apart in the Business Bay landscape.
  • The building embraces a professional yet welcoming environment that attracts a diverse array of businesses.

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Detailed Buiding Insights

1. Family Friendliness

MBK Tower has a family-friendly atmosphere with parks and recreational areas nearby, but the high-rise setting may not be ideal for younger children.

Moderately Welcoming

2. Living Options

The tower offers a variety of living options including spacious apartments and luxurious penthouses to cater to a wide range of preferences and budgets.

Broadly Diverse

3. Safety And Security

With 24/7 security surveillance and controlled access, residents feel safe and secure in this high-rise community.

Remarkably Secure

4. Transportation

Located in Business Bay, MBK Tower is well-connected with various modes of public transport, including metro and bus services, making commuting easy.

Conveniently Accessible

5. Amenities And Facilities

The tower boasts a wide array of amenities including fitness centers, swimming pools, and leisure areas, catering well to the residents' lifestyle needs.

Richly Equipped

6. Cost Of Living

While the cost of living in Business Bay can be higher than average, the value for the stylish and modern living space provided at MBK Tower justifies the price.

Relatively Balanced

7. Things To Do

The surrounding area offers a range of options for shopping, dining, and entertainment, ensuring that residents have plenty of activities to engage in.

Vibrantly Diverse

8. Noise Levels

Despite being in a bustling business district, MBK Tower provides a peaceful living environment, with soundproofing in the apartments helping to minimize noise disturbances.

Generally Peaceful

9. Pet Friendliness

While pets are allowed in the building, nearby green spaces could be more accessible for dog owners, hence the moderate rating.

Warmly Accommodating

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Key Information

Building Type: Residential

Building Age: 14 years(completed in 2010)

Unit Types : 1, 2 and 3-bedroom apartments

Floors: 59

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

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Avg Price for sale: 2.3M AED

Avg Price for rent: 115.3K AED

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