Description
This listing does not appear anywhere else. A fully leased, single-ownership, no-mortgage, no-encumbrance commercial building in Dubai Marina — one of the world's most recognised waterfront addresses — offered exclusively and confidentially at AED 600,000,000, open to negotiation.
The asset is 100% occupied, generating AED 27,210,559 in annual net revenue today — before any asset management intervention. For an incoming owner with the mandate to reprice to current market rates and restructure operating expenses, the income profile transforms materially. This is a stabilised asset with genuine, quantifiable value-add upside built in.
Investment Snapshot
- Location: Dubai Marina, Dubai
- Listing type: 100% off-market, exclusive
- Asset type: Commercial building, single ownership
- Configuration: 2 Basement + Ground + 4 Podium + 34 Floors
- Total units: 92
- Total parking spaces: 254 (ratio: 1 per 750 sq ft)
- Sellable area: approx. 316,435 sq ft
- Elevators: 7
- Building completion: 2008
- License type: DED Mainland
- Title: Single title deed
- Occupancy: 100% leased (as of April)
- Encumbrances: No mortgage, no legal cases
- Gross revenue: AED 33,182,497 per annum
- Annual expenses: AED 5,971,938
- Net revenue: AED 27,210,559 per annum
- Upside yield potential: 8.5% – 10% (with market repricing and expense optimisation)
- Asking price: AED 600,000,000 (open to negotiation)
The Income Case — Today and Tomorrow
Today: The building is 100% let, generating AED 27.2M net annually on rents that have not been repriced since the pre-2020 market. That income is contracted, in-place, and day-one.
Tomorrow: The opportunity is in the gap between what the building earns now and what it should earn. Dubai Marina's rental market has moved significantly since the rates currently embedded in this building's leases were agreed. An incoming owner with the operational mandate to reprice tenancies at renewal to current market levels — and to right-size an annual expense base that has headroom to be reduced by at least 50% — is acquiring not just the current income but the trajectory to 8.5% to 10% net yield on a building of this quality, in this location.
This is not a projection built on optimism. It is an outcome achievable through competent asset management and disciplined repricing — two levers an incoming owner controls entirely.
The Asset
A 34-floor commercial tower in Dubai Marina, completed in 2008, held under a single title deed with no fragmented ownership, no mortgage, and no legal cases. Clean title. Clean acquisition.
254 parking spaces across basement and podium levels at a ratio of 1 space per 750 sq ft — a practical differentiator in a community where parking availability directly influences tenancy decisions and achievable rents.
7 elevators serving 34 floors — infrastructure sized appropriately for the building's occupant population and operational demands.
DED Mainland licence — the broadest permissible commercial use classification, maximising the tenant universe and minimising vacancy risk at renewal.
The Views Are a Permanent Asset
Full, unobstructed views across the Arabian Gulf, the Dubai Eye / Ain Dubai, Palm Jumeirah and JBR — a panorama that cannot be built out, purchased separately, or replicated. In Dubai Marina, a building with this view profile commands a structural premium at every lease renewal. Tenants who have it do not leave it easily.
Why This Is Off-Market
Assets of this quality, in this location, with this income profile do not appear on listing portals. This building is being offered confidentially through BFS Commercial Brokers because the vendor requires discretion, a qualified buyer, and a structured process — not exposure. Access to the information memorandum is controlled and conditional on buyer qualification.
Who This Suits
Institutional investors, private family offices, sovereign and private equity, asset managers, real estate investment platforms, and ultra-high-net-worth individuals seeking a flagship, fully leased, value-add commercial asset in one of Dubai's most liquid and globally recognised investment addresses.
Pricing & Process
Asking Price: AED 600,000,000 — open to negotiation
Full financials, lease schedule, expense breakdown, title documentation and building specifications are released to qualified buyers under NDA. BFS Commercial Brokers manages buyer qualification, confidentiality, due diligence coordination and negotiation exclusively.
Serious, qualified enquiries only. Buyer qualification and a signed NDA precede the release of all confidential information, including the asset address, lease schedule and full financial documentation.
