COMMERCIAL BUILDING | CBC TOWER | BUSINESS BAY

Location : CBC Tower , Business Bay , Dubai ( Near Al Khail Road)
Property Type : Commercial Building
Floor : 3B + G+3P 15 + Roof Floor + Upper Floor
Property Status : Under Construction ( Estimated Completion 62% as per DLD & 85% as per consultant) Nakheel
Property Title : Freehold
Build Up Area : 403000 sq ft
Gross Floor Area : 150,417.47 sq ft
Plot Size : 37604 sq ft (As per Affection Plan )
Sellable Area : 168000 sq ft
Approximate Completion (100%) AED 50 Million
Approximate Time to Complete 100% : 6 months after transfer
Current sq ft Rate : Average AED 2000 per sq ft
Current Plot Rate : AED 4000 to AED 4500 per sq ft
Liabilities
Bank Loan : AED 15.5 Million
Previous Contractor : AED 22 Million
Previous Consultant : AED 5 Million
Current Consultant : AED 1.5 Million
Dubai Community Management : AED 550000
Payment Received from Buyers AED 73 Million
Developer : AED 45 Million
Total Liability : AED 159.05 Million
Asking Price : AED 170 Million