Tenanted Canal-View Office for Sale in Iris Bay · 1,580 sq ft

A fitted office on the twenty-first floor of Iris Bay, let to an engineering consultancy until June 2027 at AED 205,000 a year — about a 5.9% gross yield.

It is handed over fitted — ceilings, lighting, flooring, partitions and data cabling are in place — so a team can move in once IT and furniture are set up. It is on the mainland, so the occupier licenses with Dubai Economy and Tourism.

The ovoid, crescent-shaped tower near the canal, with curved glazing that gives most suites a canal or skyline outlook. It is a Grade A building of 32 floors, completed in 2011.

The asking price is AED 3,460,000 (AED 2,190 per sq ft). Service charges run at about AED 19 per sq ft a year — roughly AED 30,020 for this office. On transfer, budget for the 4% Dubai Land Department fee, trustee fees and the agency fee; 5% VAT applies to commercial property and is usually recoverable by a VAT-registered buyer.

• Tenant in place with a renewal option
• Curved canal-facing glazing
• Two allocated parking bays
• Built-up area of 1,580 sq ft
• Condition: fully fitted
• 2 parking bays

Sizes, rents, prices and service charges are indicative and should be verified before an offer.