Vacant Retail Shop in Binghatti Phoenix, JVC Below Market

Property Overview

This vacant retail shop in Binghatti Phoenix, Jumeirah Village Circle (JVC), is offered at AED 2,650,000. The agent states a built-up area of about 1,000 sq ft. At that figure the price works out to about AED 2,650 per sq ft. The agent describes the price as below market.

Property Highlights

• Property type: Retail shop
• Built-up area: approximately 1,000 sq ft (agent-stated)
• Asking price: AED 2,650,000
• Calculated rate: about AED 2,650 per sq ft (using 1,000 sq ft)
• Occupancy: vacant (agent-stated)
• Deal basis: below market (agent-stated)

Why the Price Is Listed as Below Market

The agent lists this shop as below market. The brief does not include an original purchase price, a DLD transaction or dated comparable sales, so DPF has not calculated a discount percentage. The only figure DPF has calculated is the rate per square foot. Using the approximate 1,000 sq ft area, AED 2,650,000 is about AED 2,650 per sq ft, and this changes if the exact area differs.

Buyers should compare this rate with recent registered sales of ground-floor retail units in JVC, taking into account frontage, visibility and footfall.

About the Building and Community

Binghatti Phoenix is a Binghatti mixed-use building in Jumeirah Village Circle. It has residential apartments above retail space. JVC is a large, densely populated residential community between Al Khail Road and Sheikh Mohammed Bin Zayed Road, with steady demand for neighbourhood retail and services.

Unit and Commercial Considerations

The agent states the shop is vacant and about 1,000 sq ft. Buyers should confirm the following from the title deed, the floor plan and a site visit:

• the exact area
• frontage and position within the building
• whether it is fitted out or shell and core
• power and drainage provisions
• parking

Buyers should also confirm which trade uses are permitted for the unit and any building or community restrictions on retail activities.

Occupancy and Transfer

The agent states the unit is vacant. Before signing, buyers should confirm the following in writing:

• vacant possession
• any outstanding service charges or developer balance
• Binghatti's NOC requirements

Buyers should also budget for the DLD transfer fee and agency costs.

Location and Connectivity

JVC has road access via Al Khail Road (E44) and Sheikh Mohammed Bin Zayed Road (E311), with links towards Al Barsha, Dubai Marina and Downtown Dubai. Travel times vary with traffic and route.

Verification Notes

• Agent-supplied facts: retail shop, approximately 1,000 sq ft, AED 2,650,000 asking price, below market and vacant.
• DPF-calculated figure: about AED 2,650 per sq ft using 1,000 sq ft.
• External context: developer and general JVC community facts.
• Not verified: the below-market claim, exact area, frontage, fit-out, permitted uses and service charges.