BURJUMAN BUSINESS TOWER

OVERVIEW

BurJuman Business Tower is a freehold commercial office tower forming part of the BurJuman mixed-use complex in Al Mankhool, Bur Dubai, at the intersection of Sheikh Khalifa Bin Zayed Road and Khalid Bin Al Waleed Street (Bank Street). Completed in 2006 and developed by Al Ghurair Group, the tower provides dedicated Grade B+ office accommodation across approximately thirty floors, distinct from the adjacent BurJuman Mall, hotel, and residential components of the wider complex. As a freehold asset, individual office floors and units are available for purchase and lease on the open market. BurJuman Metro Station on the Red Line is immediately adjacent to the complex, providing direct public transport connectivity without interchange.

OFFICE STOCK AND TENANT PROFILE

BurJuman Business Tower provides approximately thirty office floors with full-floor plates estimated at approximately 17,800 square feet and individual freehold units ranging from approximately 110 to 1,686 square feet, accommodating both small single-room occupiers and mid-size floor-takers. The multi-tenanted configuration is typical of the freehold ownership format, with a diverse occupier mix including financial services firms, professional services providers, corporate services businesses, and SMEs. The building benefits from proximity to the Bank Street corridor, which has historically attracted banking, insurance, and financial services occupiers to the Bur Dubai commercial district. No single anchor tenant has been publicly disclosed, reflecting the fragmented, multi-occupier nature of the floor plates.

RENTAL MARKET

Rental rates in BurJuman Business Tower are broadly consistent with the Bur Dubai submarket, which occupies a lower price point relative to DIFC, Business Bay, and JLT, reflecting the building's grade, age, and positioning within an older commercial district. The submarket attracts cost-sensitive occupiers for whom access to Bank Street banking infrastructure, government offices, and BurJuman Metro Station outweigh the specification premium available in newer Grade A locations. Lease terms tend to be shorter and more flexible than in Grade A submarkets. Service charges apply in the freehold ownership context and should be confirmed at heads-of-terms stage. Current rental guidance should be obtained from building management or appointed agents at the time of enquiry.

SALES MARKET

As a freehold asset, individual office units in BurJuman Business Tower are transactable on the open market, attracting owner-occupiers and investors seeking exposure to the Bur Dubai commercial submarket. Individual unit sizes, from approximately 110 to 1,686 square feet, provide accessible entry-level ticket sizes for smaller investors. Gross investment yields are broadly consistent with the Bur Dubai commercial norm. Due diligence should encompass service charge obligations, the owners' committee governance structure, and the current occupancy profile of the specific unit under consideration. Transaction volumes reflect the Bur Dubai secondary sales market's steady but unspectacular investor demand profile relative to Business Bay or JLT, and specialist commercial property advisors should be engaged prior to any acquisition.

LOCATION AND ACCESS

BurJuman Business Tower benefits from a prime Bur Dubai location directly adjacent to BurJuman Metro Station on the Red Line, providing immediate public transport connectivity to central Dubai, DIFC, and the wider metropolitan area without interchange. Sheikh Khalifa Bin Zayed Road provides direct road access, with the Trade Centre and World Trade Centre interchange accessible within minutes. The Bank Street corridor is on the doorstep, providing proximity to major banking institutions, government departments, and financial services firms characteristic of the Bur Dubai commercial district. Dubai International Airport is accessible within approximately fifteen to twenty minutes by road. Retail and food and beverage amenity is available within the BurJuman Mall podium at the base of the complex.

RISKS AND WATCHPOINTS

BurJuman Business Tower faces the structural headwinds common to older commercial stock in Bur Dubai: competition from newer, higher-specification buildings in Business Bay, DIFC, and JLT, which offer superior Grade A specification, purpose-built amenity, and modern M&E infrastructure. Building vintage and service charge performance should be assessed against increasing specification expectations from corporate occupiers with more submarket options than in previous decades. Strata governance complexity — fragmented ownership, owners' committee decision-making on common area investment — adds management risk. Investors should review service charge histories, current occupancy levels, and the building management's track record before committing. The competitive risk from Bank Street corridor peers should also be noted.

STRATEGIC PERSPECTIVE

BurJuman Business Tower occupies the leading freehold commercial position in the Bur Dubai submarket, offering the most prominent Grade B+ freehold office tower with Metro-direct access in the district. For owner-occupiers, the building provides a cost-competitive alternative to Business Bay with the operational advantage of BurJuman Metro Station adjacency and proximity to Bank Street financial services infrastructure. For investors, accessible unit sizes and consistent tenant demand from SMEs and professional services firms provide a stable income profile, though capital growth prospects are more moderate than in premium submarkets. The building's long-term relevance is underpinned by its Metro-connected location, though ongoing investment in common area standards is important to maintain competitive position.