AL SHAFAR TOWER 1

OVERVIEW

Al Shafar Tower 1 is a 26-storey commercial office building in Al Barsha Heights (TECOM), situated on Al Fosool Street within the TECOM district. The building provides strata office accommodation with units ranging from approximately 750 to 1,722 square feet, catering to SMEs, small professional offices, and businesses seeking accessible TECOM-area office space at the value tier of the Al Barsha Heights market. The strata ownership structure allows individual units to be purchased or leased, making the building accessible to both owner-occupiers and small private investors targeting yield-generating TECOM office assets at affordable entry price points. TECOM free zone licensing is available to qualifying commercial tenants and unit owners.

OFFICE STOCK AND TENANT PROFILE

Al Shafar Tower 1 accommodates a broad range of small and mid-size occupiers across its 26 floors, attracting a typical Al Barsha Heights mix of technology startups, freelance professionals, trading companies, and small professional services firms operating within the TECOM free zone cluster. Unit sizes of approximately 750 to 1,722 square feet are well-suited to sole practitioners, micro-businesses, and early-stage companies that require a dedicated, self-contained TECOM address without committing to larger floor plates. Competitive pricing and compact unit dimensions make TECOM district access achievable for cost-conscious occupiers. The occupier base reflects the SME-dominated demand profile characteristic of the value tier across Al Barsha Heights.

RENTAL MARKET

Al Shafar Tower 1 is positioned in the accessible tier of the Al Barsha Heights strata leasing market. Annual rental rates reflect its modest unit sizes and building vintage, making it one of the more competitively priced options in the TECOM district. The unit size range is well-matched to the core TECOM SME demand base, and competitive pricing relative to nearby mid-market alternatives supports consistently short vacancy periods at this tier. The building appeals to cost-driven occupiers seeking a TECOM free zone address at the lower end of the submarket rental range, including businesses in early growth stages with limited space requirements and tight occupancy budgets.

SALES MARKET

Strata units in Al Shafar Tower 1 are available for purchase through the secondary market. Accessible pricing supports entry-level investor demand targeting TECOM district exposure with limited capital outlay. The small unit sizes and value positioning deliver gross yields consistent with the accessible end of the Al Barsha Heights strata investment range. Capital appreciation potential is constrained by the building's age and value-tier specification. The investor profile at this level is typically individual private buyers rather than institutional or portfolio investors. Buyers should confirm current service charge rates and review the financial reserves of the owners' association before committing.

LOCATION AND ACCESS

The tower is located on Al Fosool Street within Al Barsha Heights (TECOM), accessible from Sheikh Zayed Road via the TECOM internal road network. The Dubai Internet City Metro Station (Red Line) is within proximity, providing direct rail connectivity to Business Bay, Downtown Dubai, and Dubai Marina. The surrounding TECOM cluster provides access to Dubai Internet City, Dubai Media City, and Dubai Knowledge Village free zone infrastructure, as well as established retail and F&B amenities within the wider TECOM master plan. Dubai International Airport is approximately 25 to 30 minutes by road in off-peak conditions.

RISKS AND WATCHPOINTS

Small unit sizes and value positioning expose Al Shafar Tower 1 to competition from a large number of comparable accessible-tier strata buildings in Al Barsha Heights, constraining rental upside and capital growth potential. Building vintage and specification are below newer mid-market competition entering the submarket. Strata management quality and occupier-mix consistency are variables that affect ongoing building presentation and maintenance standards. Higher-than-average occupier turnover at the accessible tier creates ongoing void management requirements for investors. Prospective buyers should verify the owners' association's financial health, current service charge levels, and the condition of common areas and building systems before purchasing.

STRATEGIC PERSPECTIVE

Al Shafar Tower 1 is a value-tier TECOM strata product suited to occupiers and investors at the lower end of the Al Barsha Heights market. The 750 to 1,722 square foot unit range targets the core SME and freelance segment that drives the bulk of strata demand in TECOM, providing an accessible entry point to the free zone ecosystem at a competitive price point. For small-lot private investors, it offers TECOM exposure at a manageable capital threshold with yield broadly consistent with the accessible tier. Suitable for cost-sensitive occupiers and entry-level investors seeking TECOM presence. Not positioned for core commercial portfolios or corporate occupiers requiring larger, better-specified accommodation.