Tamani Arts Offices
✓ Resale Available

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
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 38,835 / year
Cash-on-Cash
1.8%
Levered cashflow AED 9,135
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 58,500 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Tamani Arts Offices launch basis1,000AED 900,000Current launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

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Tamani Arts Offices official render 1

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Tamani Arts Offices official render 10

Astraterra Properties

Official Documents

Download official marketing materials from IAH Project Development.

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Payment Structure

Developer payment plan available

Flexible Payment

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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

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Business BayBusiness BayDubai, UAE

Developer Track Record

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

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