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Sheikh Rashid Building, Sheikh Zayed Road

Sheikh Rashid Building, Sheikh Zayed Road

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Strengths

Prime Location

Modern Architecture

Excellent Amenities

Weakens

High Maintenance Costs

Traffic Congestion

Limited Public Transport Options

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Description

Sheikh Rashid Building, Sheikh Zayed Road

Real Estate Overview

Building Overview

  • Sheikh Rashid Building is strategically located along the prominent Sheikh Zayed Road, one of Dubai's main thoroughfares.
  • The building is surrounded by a plethora of facilities, including shopping centers, dining spots, and entertainment avenues.
  • Convenient access to public transport links, including the Dubai Metro, enhances connectivity to other parts of the city.
  • Nearby landmarks include the World Trade Center and Dubai International Financial Center, making it an appealing location for business professionals.

Properties Overview

  • The Sheikh Rashid Building offers a range of properties available for both rent and sale.
  • Popular rental units comprise spacious office spaces and commercial retail units.
  • Average rental prices fluctuate based on the size and amenities of the space, typically ranging from AED 80,000 to AED 150,000 per annum.
  • For those considering investment, sales prices for commercial spaces generally start at AED 1.2 million, attracting both local and international buyers.

Market Trends

  • The real estate market around Sheikh Zayed Road has seen a steady increase in demand, particularly for commercial spaces.
  • Rental rates have experienced an upward trend, with a 5% increase noted over the last year, driven by a robust business environment.
  • Investors can expect a return on investment (ROI) ranging from 7% to 9%, making properties here a sound investment.
  • Future market forecasts indicate continued growth in both rental and sales prices as Dubai continues to attract businesses and expatriates.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Local amenities include supermarkets such as Carrefour and Spinneys, providing convenient shopping options.
  • Several international schools, such as the American School of Dubai and Jumeirah English Speaking School, are located nearby.
  • Healthcare facilities, including Emirates Hospital and Medcare Hospital, are within a short distance, ensuring residents have access to quality medical services.

Transportation and Accessibility

  • The building's prime location along Sheikh Zayed Road allows for easy access to major highways and roadways.
  • Public transportation options include the Dubai Metro with stations close by and well-established bus routes.
  • Dedicated parking spaces are available for residents and visitors, enhancing accessibility.

Lifestyle Amenities

  • Amenities within the building and surrounding areas include a fully equipped gym, fitness centers, and wellness facilities.
  • Numerous restaurants, cafes, and lounges offer diverse dining experiences to suit every taste.
  • Recreational options such as parks and outdoor spaces encourage an active lifestyle.

Builing Facilities

  • Sheikh Rashid Building offers modern facilities including high-speed elevators and round-the-clock security for peace of mind.
  • Central air conditioning manages the local climate efficiently, while maintenance services are readily available to assist tenants.

Special Services

  • The building features concierge services and guest facilities that cater to business needs and hospitality.
  • Business centers within the building provide essential support for tenants looking to conduct meetings or host events.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of flexible floor plans are available, suitable for different business requirements and size preferences.
  • Options include open layouts for offices as well as tailored retail spaces with customizable fittings.

Things to Consider

  • Before making a decision, consider factors such as proximity to key transport links, amenities, and potential growth of the area.
  • Evaluate the suitability of the space for your business needs, including layout and size.

Useful FAQs and Support

Events and Building Life

Building Events

  • Sheikh Rashid Building hosts regular networking events, tenant gatherings, and community social functions to foster a sense of community.
  • Seasonal festivities and cultural events are organized to enhance tenant engagement and enjoyment.

Community Identity

  • The Sheikh Rashid Building is recognized for its modern architectural design and dynamic atmosphere that attracts diverse businesses.
  • It serves as a cultural hub, providing opportunities for creative collaborations and professional networking.

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Detailed Buiding Insights

1. Family Friendliness

The building offers spacious living areas and nearby parks, making it suitable for families. However, some of the amenities may not cater specifically to children.

Moderately Welcoming

2. Living Options

There are various apartment sizes and layouts available, providing options for singles, couples, and families alike, which well accommodates diverse living needs.

Diverse Selection

3. Safety And Security

The building has 24/7 security staff and surveillance cameras, ensuring a high level of safety for residents.

Very Secure

4. Transportation

Located on Sheikh Zayed Road, residents have easy access to public transport, major highways, and close proximity to key areas of Dubai, making commuting efficient.

Extremely Convenient

5. Amenities And Facilities

The building features a gym, pool, and community areas, catering well to residents’ recreational and fitness needs.

Well-Equipped

6. Cost Of Living

While the cost of living is above average for the area, the quality of amenities and location justify the pricing to a certain extent.

Moderately High

7. Things To Do

The surrounding area offers a wide range of restaurants, cafes, and shopping options, along with cultural venues, ensuring that residents can always find activities to engage in.

Vibrantly Active

8. Noise Levels

Due to its location on a major road, noise levels can be elevated, although soundproofing measures in the building help mitigate this issue.

Generally Busy

9. Pet Friendliness

The building accommodates pets, with nearby parks for walks; however, there may be restrictions on certain breeds or sizes.

Pet-Friendly

Price Insights

Price Trends
2 Bedrooms apartments rented in Damac and Dubai Marina
Average Prices
This data displayed is based on properystellar last 12 months data.
Name Type Avg. Price (AED / year)
Villa (2Beds)
Sale
1.3M AED
Apartment (1Beds)
Sale
850K AED
Villa (3Beds)
Rent
168K AED

Map Overview

Park and Outdoor Fitness & Gym Hospital and Clinics Shopping Center and Groceries Restaurant & Cafeterias
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Local Information

Buy:

241.1K AED - 338.1K AED

Rent:

21.1K AED - 34.8K AED

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