Wafra Commercial Building
About Wafra Commercial Building
(sq. ft.)
Wafra Commercial Building is a new office complex located in Wafra Square on Al Reem Island. It is situated between Reem Mall and DAMAC Marina Bay Residences. The project was developed by Wafra Real Estate Company.
The building is home to a range of businesses, such as Motion Cycling Abu Dhabi, China Petroleum Engineering & Construction Corporation, and Xerox Emirates LLC.
Properties are available to rent and include individual commercial premises and entire floors. Units range in size from 1,076 sq. ft. (100 sq. m) to 219,801 sq. ft. (20,400 sq. m). Offices can come fully finished or unfurnished. The building has panoramic windows with glazing to ensure the maximum amount of natural light.
The complex provides a variety of amenities and services, including:
- Four entrances
- Spacious lobby with a reception area
- Covered parking
- Security with video surveillance
- 12 high-speed lifts
- Outdoor terrace with seating areas and landscaped gardens
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Property Information
- Location Al Reem Island, Abu-Dhabi, UAE
- Status of Project Ready
- Type of Project Offices
- Area from 1,076 sq. ft.
Location
Wafra Commercial Building is located on Al Baqat Street and Al Ghazal Street. It is situated on Marina Bay at the southern end of Al Reem Island. There is a bus stop that can be reached within a five-minute walk of the building.
Reem Mall, Etalon Laundry, and Carrefour Supermarket are situated near the complex. There are several local restaurants, such as Vietnamese Pho and Rozana Al Reem Restaurant & Cafe, located within walking distance, and Ama Fruity Shop and Al Fay Park can be reached within a 10-minute walk. The area also offers educational institutions and medical clinics.
The complex is located within a short drive of several popular destinations, including:
- Abu Dhabi Mainland – 5 minutes
- Umm Al Emarat Park – 15 minutes
- Abu Dhabi Beach and Corniche Street – 15 minutes
- Abu Dhabi National Exhibition Centre – 20 minutes
- Abu Dhabi International Airport – 30 minutes
Payback
Wafra Commercial Building’s state-of-the-art facilities and infrastructure attract tenants from a variety of companies. A small commercial unit has a starting price of AED 90,000 (USD 25,000), per annum, and an entire floor can be rented for up to AED 10,210,000 (USD 2,800,000), per annum. The return on investment rate for a property on Al Reem Island is approximately 6.7%.
*The price is valid for 2021
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