Description
Incredibly large plot available for sale in Business Bay. The plot covers 140,907 sq ft and has been approved for mixed use - it could be an apartment tower, office block, hotel, or some combination of them.
This is an excellent investor opportunity, particularly for a waterfront hotel - the Dubai Canal is a prime location for such developments due to its excellent positioning in the city. The approved GFA is 845,700 sq ft, for a tower of G+29 floors, with a maximum height of 15 metres for the residential/commercial space and a parapet that's 1 metre high, plus 5 floors of parking and 2 basement levels.
Parking bays are to be divided up according to the use of the property, and the size of the units - one bay for a studio apartment, for example, or four bays for an office.
The Business Bay area is a hive of activity, with several hotels and restaurants located along the waterfront. There is ease of access to the Downtown district, where you will find the city's most incredible attractions such as the Burj Khalifa and the Dubai Mall.
For the savvy investor, this is an amazing option. Please contact me today for a site visit.
