Tenanted 695 sq ft Office in Preatoni Tower, JLT – Distress Sale with Parking

Property Overview

This 695 sq ft office in Preatoni Tower, Jumeirah Lake Towers (JLT), is offered at AED 900,000, about AED 1,295 per sq ft. The agent describes a distress sale, net to the owner, with one parking space and a tenant in place on a three-year arrangement described as AED 200,000.

Property Highlights

• Property type: Office
• Size: 695 sq ft (agent-stated)
• Asking price: AED 900,000 (net to owner)
• Price per sq ft: approx. AED 1,295 (calculated)
• Tenancy: Rented, described by the agent as AED 200,000 for three years
• Parking: 1 space (agent-stated)
• Location: Jumeirah Lake Towers, Dubai

Why the Price Is Listed as Below Market

The agent classifies this as a distress sale. No original purchase price, DLD transaction or dated market comparable was supplied, so DPF does not state a specific discount.

Price Calculation

• Asking price: AED 900,000
• Size: 695 sq ft
• Rate: AED 900,000 ÷ 695 = approx. AED 1,295 per sq ft

Buyers should compare this rate with recent registered office transactions in Preatoni Tower and nearby JLT commercial towers.

Tenancy and Income

The agent states the office is rented, with the arrangement described as AED 200,000 for three years. It is not clear from the brief whether that is the annual rent or the total over the term. DPF has therefore not calculated a rental yield. Buyers should review the registered Ejari tenancy contract, the rent amount and payment schedule, the lease start and end dates, any renewal or break clauses, and how many rent cheques remain.

About the Building and Community

Preatoni Tower is a commercial tower in Jumeirah Lake Towers, the DMCC-managed free-zone district beside Sheikh Zayed Road. JLT combines office and residential towers around a network of artificial lakes, with Dubai Metro stations and lakeside retail and dining. Buyers should confirm building facilities, service charges and any DMCC requirements for the office's use with building management.

Layout and Specification

The agent states the office is 695 sq ft with one parking space. The floor, view, fit-out condition and unit number were not supplied. Request the floor plan and title deed before making an offer.

Transfer

The agent describes the price as net to the owner, which normally means transfer and agency costs are paid by the buyer on top of the asking price. Buyers should confirm the title deed, any mortgage, service charge status, the transfer of the tenancy to the new owner and the DLD transfer fee before committing.

Location and Connectivity

JLT sits beside Sheikh Zayed Road, opposite Dubai Marina, with two Dubai Metro stations and access to Al Khail Road. Exact travel times should be checked during a viewing.

Verification Notes

• Agent-supplied facts: building, property type, size, asking price, net-to-owner terms, distress description, tenancy description and one parking space.
• Calculated figure: price per sq ft.
• Community description: general JLT facts; not unit-specific.
• Not supplied: original price, exact rent terms, lease dates, floor, view, fit-out and service charge.