• 16,000

    sqft

Reference No.

MH-2024-640193

DLD Permit No.

Basic housing information

Re Type

Commercial

Property type

Shops & Retail

Furnishing

Shell and core

Introduction

    Welcome to a family restaurant that transports you back to the 1940s with its nostalgic charm. This iconic venue has become a favorite gathering spot, especially in the winter, when the entire roof opens up to create a serene, open-air setting—a true shisha haven. Originally a modest 4,000 sq. ft. space, this opportunity has undergone a remarkable transformation, now sitting at an impressive 16,000 sq ft, with 23 million AED invested in renovations and upgrades to reach the level of excellence it boasts today. The restaurant enjoys a low rent of AED 1.4 million per year, secured until Oct 2028. Its prime location, complete with valet parking and easy access, makes it an irresistible destination for both locals and tourists. For investors, this opportunity offers a compelling prospect with a five-year return on investment, generating a net monthly income of 600,000 to 700,000 AED. The business, along with its fully established setup, is available for sale at 25 million AED. Additionally, the real estate itself is up for grabs for GCC nationals at a price of 30 million AED. The decision to invest in the business alone or with the real estate is entirely up to you. Adding to its value, the café holds a coveted shisha license—a rare asset in Jumeirah and Al Wasl, where new licenses are no longer being approved by Dubai Municipality. This exclusivity significantly enhances the investment potential of this opportunity. In conclusion, this opportunity is more than just a restaurant; it’s a cherished landmark with a rich history, a prime location, and a solid financial foundation. Whether you’re looking to invest in a thriving business or a prime piece of real estate, this opportunity offers a unique and profitable chance that’s hard to come by in today’s market. VILLA DETAILS: Total Area: 16,000 sqft Rent: AED 1,400,000 per year Number of cheques: 4 Cheques Fully equipped Kitchen Furniture with Traditional designs NOC for Shisha Fully operating Business, Fit out, Furniture and Kitchen equipment, Trade license, 75 staff members & Accommodations: AED 25M Real Estate Sale: AED 30 Million additional ( Optional ) Average Net Income: AED 600,000 (per month) IMPORTANT NOTICE: Please be aware that the pictures provided are not actual. This measure is taken to safeguard the ongoing business operations from unnecessary traffic. It is strongly advised to personally visit the property for a comprehensive viewing experience. Viewing Procedure: CONFIDENTIALITY: In the context of business sales, our process necessitates the signing of a Non-Disclosure Agreement (NDA) before any details can be fully disclosed. This measure is implemented to protect the business from undue exposure. Maintaining confidentiality is of utmost importance to us, as neither employees nor customers are aware of the sale. We are committed to safeguarding the business throughout the entire transaction. ABOUT UMM SUQEIM 1 Home to Kite Beach, Umm Suqeim 1 is a residential district in the larger Umm Suqeim area. This sub-community lies between Jumeirah 3 and Umm Suqeim 2. The neighborhood features a combination of old houses and newly constructed properties. IN A NUTSHELL A sub-community in Umm Suqeim Home to Kite Beach and Jumeirah Fish Market Offers 3 to 7-bedroom villas Sheikh Zayed Road (E11) is in proximity COMMUNITY OVERVIEW Popular points of interest in Umm Suqeim 1 are: - Kite Beach - Communal amenities include restaurants, schools, and supermarkets - Quick access to arterial roads COMPANY DETAILS We are so much more than a full-service real estate firm. We're a group of talented people with a passion for finding the best way to gain maximum returns on our property investments and ensure our clients receive the best service possible. At Blackstone Gulf, our vision is your success. Call or WhatsApp Sabele Buraik at +971 52 628 2552 / +971 4 554 0535 for further details and viewing.

    Amenities

    Central A/C
    Parking
    Elevator
    CCTV Security
    Central Heating
    Storage Areas

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    Disclaimer

    This listing's information is solely for consumers' personal, non-commercial use. It is provided to identify properties for potential purchase or rental. Information is supplied by hosts or agents/brokers and is considered reliable but should be verified by buyers or tenants. MetaHomes assumes no liability for typographical errors, misprints, or misinformation.