Clover Bay Tower — project image
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Clover Bay Tower

From AED 12.00M·Completed Dec 2011·Developer payment plan available Payment
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AED 12.00M
Starting Price
Dec 2011
Handover
Developer payment plan available
Payment Plan
Retail · Commerce
Type

Project Overview

Clover Bay Tower is a commercial building from the developer Mismak Properties in the prestigious Business Bay area. The building consists of three podium parking levels, a functional ground floor with amenities and twenty‑five office floors. The architectural appearance of the tower is characterized by modern minimalism: the strict lines of the facade are complemented by panoramic glazing, which visually facilitates the massive structure and fills the interior spaces with natural light. The interior spaces are designed with an emphasis on functionality and comfort: the offices are offered both in a free layout and with finished finishes. The finishing includes high-quality materials: laminate or tile in common areas, modern lighting systems and integrated communications. Residents and staff have access to a range of amenities: three‑level covered parking, high-speed elevators, 24-hour video surveillance and security, a fitness center on the ground floor, pharmacies, and cafes. The complex is located on Marasi Drive, a short drive from key points in Dubai: Dubai Mall and Burj Khalifa are about 7 minutes away by car, Sheikh Zayed Road is 5 minutes away, and Dubai International Airport is about 17 minutes away. Dubai Water Channel and Business Bay Walk walking areas are also nearby.

Project Specifications
DeveloperMismak Properties
LocationBusiness Bay
Unit TypesRetail, Commerce
AreaBusiness Bay
Ownershipfreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 517,800 / year
Cash-on-Cash
2.2%
Levered cashflow AED 121,800
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 5.52M / annual levered cash flow. Excludes time before letting.

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Gallery

Clover Bay Tower — View 2
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Clover Bay Tower — View 8

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Official Documents

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

Central A/C
Covered Parking
Covered gym
Dining outlets (coffee houses & restaurants)
Lift
Maintenance warranty
Retail outlets
Security and CCTV

Location

Business Bay

Nearby Destinations

Business Bay

Developer and Project Facts

01

Clover Bay Tower by Mismak Properties

02

Located in Business Bay

03

Starting from AED 12,000,000

04

Unit mix includes Retail, Commerce

05

Expected handover: Dec 2011

06

Official render/gallery images available

Available for Resale

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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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