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Shipping Tower, Bur Dubai

Shipping Tower, Bur Dubai

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Bur Dubai, Dubai

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Strengths

Prime Location

Modern Amenities

Sustainable Design

Weakens

High Rent Prices

Traffic Congestion

Limited Parking Space

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Buildign Overview

Summary

  • Shipping Tower stands as a prime commercial building in the heart of Bur Dubai, showcasing modern architecture and strategic design.
  • It is conveniently located near key landmarks such as the Dubai Creek and Al Fahidi Historical Neighborhood.
  • Residents will benefit from proximity to essential amenities, including shopping malls, cafes, and cultural sites.
  • The building also offers easy access to metro stations and bus routes, enhancing its appeal for businesses and tenants.

Properties Overview

  • Shipping Tower features a mix of rental and sale options appealing to businesses and investors.
  • Currently, average rental prices for office spaces range from AED 90 to AED 150 per square foot, while sale prices per square foot typically range from AED 1,000 to AED 1,500.
  • The property is particularly popular for medium to large office spaces, catering to a diverse clientele.

Market Trends

  • Recent trends indicate a steady demand for office spaces in Bur Dubai, with a year-over-year rental increase of approximately 5%.
  • Investors can anticipate a reasonable return on investment (ROI), with an average ROI of around 7% for commercial properties in the area.
  • Expect ongoing interest in Bur Dubai due to its central business location and cultural significance.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Numerous supermarkets, schools, and healthcare facilities are conveniently located near Shipping Tower, including Al Maktoum Hospital and American School of Dubai.
  • Local clinics and pharmacies are within walking distance, ensuring residents have easy access to medical services.

Transportation and Accessibility

  • Excellent connectivity through the Bur Dubai Metro Station, providing quick access to major city destinations.
  • Ample parking is available for both tenants and visitors, enhancing convenience for those commuting via private vehicles.

Lifestyle Amenities

  • The area boasts a variety of lifestyle amenities, including gyms, restaurants offering diverse cuisines, and hotels for business travelers.
  • Outdoor enthusiasts can enjoy parks and waterfront promenades along Dubai Creek.

Builing Facilities

  • Shipping Tower is equipped with modern facilities such as high-speed elevators, 24/7 security surveillance, and a reliable central air conditioning system.
  • Regular maintenance services ensure that the building's operations run smoothly and efficiently.

Special Services

  • Unique services such as concierge assistance, business centers for meetings, and dedicated guest services enhance the overall living experience in Shipping Tower.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of flexible floor plans are available, catering to different business needs, from open spaces to more modular configurations.

Things to Consider

  • Prospective tenants and buyers should consider factors such as lease duration, office layout, and proximity to competitors before making a decision.
  • Understanding the upkeep and maintenance costs is also crucial for long-term investment planning.

Useful FAQs and Support

Events and Building Life

Building Events

  • Regular events such as networking gatherings, seminars, and community-building activities are organized, fostering connections among tenants.

Community Identity

  • Shipping Tower is notable for its vibrant blend of business and cultural elements, making it a unique landmark within Bur Dubai.

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Detailed Buiding Insights

1. Family Friendliness

Shipping Tower is particularly accommodating for families due to nearby parks, schools, and playgrounds, making it a child-friendly environment.

Welcoming and Accessible

2. Living Options

The community offers a variety of apartment types ranging from spacious family units to cozy studios, catering to a wide range of preferences and budgets.

Broadly Diverse

3. Safety And Security

The area features a strong security presence and surveillance systems which greatly contribute to the sense of safety felt by residents.

Remarkably Secure

4. Transportation

Excellent access to public transport, including metro stations and bus routes, along with well-maintained roadways make commuting straightforward.

Highly Convenient

5. Amenities And Facilities

A variety of amenities including gyms, swimming pools, and retail outlets ensures that residents have everything they need within reach.

Richly Equipped

6. Cost Of Living

While the area is not the cheapest, rental prices are competitive compared to other central locations in Dubai, providing good value for the quality of living.

Relatively Balanced

7. Things To Do

A rich array of activities including shopping, dining, and cultural experiences makes Shipping Tower an exciting place for leisure.

Vibrantly Diverse

8. Noise Levels

While some street noise is present due to ongoing urban life, most residential areas are relatively quiet, providing a comfortable living environment.

Generally Peaceful

9. Pet Friendliness

Many apartments allow pets, and there are parks nearby where residents can walk their pets, enhancing the community's appeal to pet owners.

Warmly Accommodating

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Key Information

Building Type: Commercial

Unit Types : Offices

Floors: 8

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

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