April Investment Update
We are delighted to bring you a fantastic high yielding investment opportunity with minimal outlay in the fastest growing city in the world.
Approximately 5000 companies a month are currently registering in Dubai so demand for commercial space is far outstripping supply. Rents are rising fast but are still far lower than London, Tokyo, Hong Kong or New York.
As anyone who is familiar with Dubai will confirm, parking is a major issue around most commercial towers in Dubai. Most developers typically offer one parking space for every 1000 sq. ft. of office space which is nowhere near enough, particularly as car ownership is so high in the UAE.
We have a quantity of car parking spaces for sale int the basement of Metropolis Tower, Business Bay. Stretching over 64 million sq. ft. from Dubai Creek to Sheikh Zayed Road, Business Bay will be the new business hub for the region, comparable with Manhattan in New York or the Ginza district in Tokyo when complete. The iconic Burj Dubai and Burj Al Alam towers will form part of this development which is widely anticipated to be one of the most prestigious business addresses in the world.
Metropolis Tower is being developed by Deyaar - one of the leading real estate companies in the UAE. The tower is on schedule for completion during Spring/Summer 2009.
This is a hands off investment with our agent in Dubai handling the rental of each space. Our agent anticipates renting spaces on 2-3 year contracts with payment every 6 months.
Purchase Price: 140,000 Dhs per space (£19,444 at 7.2 Dhs/£).
Anticipated Rental: 27,500 Dhs (£3,819) to 33,600 Dhs (£4,666) per year representing an annual rental yield of up to 24%.
Anticipated value on completion: 220,000 Dhs per space (£30,555).
The UAE Dirham is linked to the US Dollar so now is an excellent time to purchase.
Hurry - we only have a limited number of spaces left for sale. E-mail sales@dubairentals.com for latest availability.
Website Links
www.deyaar.ae
www.ameinfo.com
www.burjdubai.com
www.burjalalam.com
All prices based on 7.2 dirhams to the pound.


