Tamani Arts Offices — project image
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Tamani Arts Offices

From AED 900,000·Completed Feb 2017·Developer payment plan available Payment
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AED 900,000
Starting Price
Feb 2017
Handover
Developer payment plan available
Payment Plan
Office · Commerce
Type

Project Overview

Tamani Arts Offices is an impressive office complex from the developer IAH Project Development, located in the dynamically developing Business Bay area. This high-rise office building has 3 basement levels, a ground floor, 3 podium floors and 16 levels of office space. The building harmoniously fits into the panorama of Dubai's business center. The exterior of Tamani Arts Offices features modern architecture using glass and metal, creating an elegant and representative look that highlights the business status of the residents. Office spaces of various sizes are offered inside the complex. Office interiors are designed with an emphasis on functionality and prestige, providing clean, ready-to-finish spaces that allow companies to create their own unique work environments that match their brand. The main amenities of the complex include high-speed elevators, 24-hour security, parking spaces, meeting and recreation areas. The location in Business Bay provides excellent transport accessibility and proximity to key sites: Burj Khalifa and Dubai Mall can be reached in 8 minutes by car, Palm Jumeirah takes about 20 minutes by road. The complex is conveniently located near the main thoroughfares, which provides quick access to Sheikh Zayed Road and other important business districts.

Project Specifications
DeveloperIAH Project Development
LocationBusiness Bay
Unit TypesOffice, 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 38,835 / year
Cash-on-Cash
2.2%
Levered cashflow AED 9,135
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 414,000 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from IAH Project Development.

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

Central A/C
Conference room
Coworking zone
Dining outlets (coffee houses & restaurants)
Lift
Lobby
Meeting Room
Parking
Retail outlets
Security and CCTV
Sitting Area
Social zone

Location

Business Bay

Nearby Destinations

Business Bay

Developer and Project Facts

01

Tamani Arts Offices by IAH Project Development

02

Located in Business Bay

03

Starting from AED 900,000

04

Unit mix includes Office, Commerce

05

Expected handover: Feb 2017

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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RERA Registered
Qualified Buyer Flow
Property Enquiries

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

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