This property is sold out. Now available for resale.
Overview
The Summit - You invest; We lease!
Situated on Sheikh
Zayed Road in Dubai Marina, ‘The Summit' is a
38-storeyed commercial tower, comprising 30 floors of state-of-the-art freehold
offices and 5 levels of podium. In addition, this edifice comprises recreational
facilities and a shopping arcade. ‘The Summit'
is the first real estate project in Dubai
to offer condo-offices.
Condo-offices
A ‘Condominium' or a ‘Condo-office' represents multi-owned
property. The common areas of the multi-owned property are utilized to the
maximum benefit of all co-owners. This concept is applied to residential
complexes and hotels in which the individual unit owners either occupy the
premises or lease them on a short-term or long-term basis to have a regular
rental income. Similarly, ‘The Summit' is being developed as a condo-office
development which will follow the same principles of appointing a Rental Pool
Manager to manage the tenancy and apportion the rents accrued in the rental
pool in the same proportion of the ownership in development.
At ‘The Summit', the total number of offices proposed on
each floor up to the seventeenth, is 14; it is 12 units from 18th to 37th
floor. The total saleable area of the commercial project is 16,100 square feet
approximately and becomes lower on the higher floors to about 15,350 square
feet.
The Summit,
Dubai at a
glance...
- Freehold
project
- 1st
ever development in the region to offer condo-offices
- Located
near TECOM in Dubai Marina; at close proximity to mega-developments in New
Dubai
- Fantastic
golf course views
- Easy
access to Sheikh Zayed Road
in Dubai
- Very
exclusive option of placing the office space on a Rental Pool
- Proximity
to Dubai Marina makes it suitable for leasing options
- Slated
for completion in 2009
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