For Sale: Commercial and Residential Land in Rashidiya – Prime Location on Sheikh Khalifa Bin Zayed Street

For Sale: Commercial and Residential Land in Rashidiya – Prime Location on Sheikh Khalifa Bin Zayed Street

Location:
The land is situated in the Rashidiya area, located on the main Sheikh Khalifa Bin Zayed Street, one of the most important and busy roads in the region.
Corner Plot: The land is a corner plot with two street frontages, offering excellent visibility and access, enhancing its investment potential.
Area: Rashidiya is a high-demand area, attracting both residents and visitors, making it an ideal location for both commercial and residential use.
Property Specifications:
Type: Residential & Commercial
Building Permits: Ground +8 floors (This allows for the development of multi-story buildings for either residential or commercial purposes, or a mixed-use development).
Land Size: The total land area is 2,790 square meters, or 30,000 square feet, providing ample space for development.
Frontage: The corner plot provides two road frontages, enhancing the land’s accessibility and visibility for potential development projects.
Investment Potential:
Residential & Commercial Use: With both residential and commercial zoning, this plot offers flexibility for various types of developments, including apartments, offices, or retail spaces.
Urban Expansion: The location is within a growing and developing area, making it an attractive option for long-term investment.
High Demand: With high traffic and demand for both residential and commercial properties in the area, this location promises excellent rental yields and capital appreciation over time.
Price:
The asking price is 650 AED per square foot, which is competitive given the investment potential of the area.
Total Price: 650 AED × 30,000 square feet = 19,500,000 AED (excluding registration fees).
Important Note:
The price does not include the registration fees, which should be considered when calculating the total cost.

If you're interested in further details about the location or would like to see site plans, feel free to ask!

Property Information

TypeCommercial Plot
PurposeFor Sale
Reference no.Bayut - 105704-uGdszo
CompletionReady
Average Rent
Added on18 December 2024

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