Commercial buildingFor saleIncome-producing · 96% let
Al Rigga Income Building
Deira, Dubai
A fully let G+4 in Deira — eight shops, twenty-four offices, and the rent roll to prove it.
Arrange an inspection
Reference TRE-BL-001 · Listed August 2026
Asking price
AED 125,000,000
Built-up area
58,000 sq ft
Rate
AED 2,155 / sq ft
Parking
26 bays
Our read
Eight retail units at street level, twenty-four offices above, and a rent roll running at AED 10.7 million a year against a 96% occupancy. The weighted average unexpired lease term is 2.4 years, which is short — that is the risk and the opportunity, because eleven of the office leases sit below the current Al Rigga asking range.
We have modelled it two ways: held as is, it returns close to 7.1% net of service charge and management; re-geared over three years on today's asking rents, closer to 8.4%. Both models are yours on request, with the tenancy schedule and the last two years of collections behind them.
- 96% let — 8 retail units, 24 offices, one vacancy
- Gross income AED 10.7M per year, tenancy schedule on file
- Approx. 7.1% net today, modelled at 8.4% re-geared
- Eleven office leases sit below current asking rents
Gallery
4 photographs
Specification
Everything on record
- Reference
- TRE-BL-001
- Type
- Commercial building
- Purpose
- For sale
- Status
- Ready
- Community
- Deira
- Built-up area
- 58,000 sq ft
- Price per sq ft
- AED 2,155 / sq ft
- Condition
- Income-producing · 96% let
- Parking
- 26 bays
- Configuration
- G+4 — 8 retail units, 24 offices
- Occupancy
- 96% let, WAULT 2.4 years
- Gross income
- AED 10.7M per year
- Net yield
- Approx. 7.1% on the asking price
- Tenure
- Freehold — GCC nationals and UAE companies
- Services
- Two lifts, replaced 2023; own substation
- Listed
- August 2026
Areas are the landlord's measured figures and licensing is the position at the date of listing. We re-confirm both in writing before heads of terms.
The building
What the building gives you
- 26 parking bays across basement and rear
- Building management office on site
- Two lifts replaced in 2023
- Al Rigga metro within six minutes on foot
- Full sprinkler and fire panel, DCD certified
The numbers
Model it before you decide
Indicative figures for planning. Your consultant will produce a full model — income, void and exit assumptions included — on request.
Finance calculator
What the monthly figure actually is
Asking price
AED 125,000,000
Deposit
40% · AED 50,000,000
Interest rate
5.75%
Term
12 years
Monthly payment
AED 722,221
Loan amount
AED 75,000,000
Total interest over term
AED 28,999,881
Cash required at transfer
AED 57,816,700
Deposit, 4% DLD, agency fee with VAT, mortgage registration and trustee fees.
Indicative only. UAE banks typically fund 50–60% of a commercial purchase, over shorter terms and at wider margins than residential, and will underwrite the covenant and the rent roll as much as the asset. Insurance and valuation fees are additional.
Arrange an inspection
See it with your operation in mind.
Tell us the headcount, the licence and the date you need to be operating. We will run the inspection as one sequence and put anything comparable that is off-market beside it.
Sanoj Nujumudeen
Founder and CEO · +971 50 477 6707
You may also consider
