GULF TOWERS

OVERVIEW

Gulf Towers is a purpose-built commercial office building in the Oud Metha district of Bur Dubai, developed by the Buhaleeba Group (BHC) as its corporate headquarters. The building provides approximately seventy commercial office units across approximately eleven to twelve floors, with the Buhaleeba Group anchoring the upper levels and the remaining floors occupied by external commercial tenants. Completed in 2000, Gulf Towers offers a self-contained commercial environment including a food court and approximately 437 basement car parking bays. The building serves a mixed SME and corporate services occupier base within the established Oud Metha and Bur Dubai commercial corridor.

OFFICE STOCK AND TENANT PROFILE

Gulf Towers provides approximately seventy commercial office units across its floors, with configurations suited to small and mid-size occupiers. The Buhaleeba Group occupies the upper floors as corporate headquarters, with the remaining floors available to external tenants from the SME and corporate services sectors. The food court serves the occupier population and provides ground-level commercial activation. The tenant profile is consistent with the Bur Dubai and Oud Metha ecosystem: trading companies, professional services businesses, and organisations requiring a central Bur Dubai address with substantial car parking provision. Total floor plate area is not publicly disclosed; detailed specifications should be confirmed with building management.

RENTAL MARKET

Rental rates at Gulf Towers are expected to be broadly consistent with the Bur Dubai and Oud Metha commercial submarket, occupying a lower price point relative to Grade A locations such as Business Bay, DIFC, and JLT. The submarket's cost-competitive positioning attracts SMEs and corporate services businesses for whom proximity to Bur Dubai government infrastructure, Oud Metha's medical corridor, and central Dubai road access are priorities. Lease terms and available unit sizes should be confirmed directly with building management, as comprehensive pricing data is not consistently available through public sources. The on-site food court and generous car parking may influence the total effective occupancy cost calculation.

SALES MARKET

Gulf Towers operates under single ownership by the Buhaleeba Group, and individual office units are not available for purchase as strata assets. Occupiers engage on a leasehold basis with the owner as landlord. The building's investment value is underpinned by its scale, car parking provision, and established position within the Oud Metha corridor, with the Buhaleeba Group's long-term anchor occupation providing structural stability. Any whole-asset investment interest would require direct engagement with the Buhaleeba Group. Investors should undertake comprehensive due diligence on occupancy profiles, lease terms, and building condition before proceeding, as no public sales mechanism exists for individual units.

LOCATION AND ACCESS

Gulf Towers benefits from an Oud Metha location within the broader Bur Dubai district, with access to Umm Hurair Road and the arterial roads connecting Bur Dubai to central Dubai, DIFC, and the wider emirate. Oud Metha is a well-established mixed commercial and healthcare corridor, home to a concentration of hospitals and medical facilities that complement the building's commercial proposition. Dubai Healthcare City is in proximity. The building's approximately 437-bay car parking provision is a meaningful amenity advantage in a district where parking constraints affect occupier experience. ADCB Metro Station on the Green Line is within reasonable proximity, supporting public transport access for staff.

RISKS AND WATCHPOINTS

Gulf Towers faces the structural headwinds common to older Bur Dubai commercial stock: competitive pressure from newer, higher-specification buildings in Business Bay, DIFC, and JLT that offer superior Grade A specification and amenity. The building's age — completed in 2000 — means building services, M&E infrastructure, and common area presentation require ongoing investment to remain competitive. The single-ownership structure concentrates asset management risk with the Buhaleeba Group; any change in the owner's priorities could affect building management standards or future lease terms for occupying tenants. Occupiers should evaluate maintenance standards, lease flexibility, and break provisions before committing to a long-term lease.

STRATEGIC PERSPECTIVE

Gulf Towers occupies a practical niche within the Bur Dubai commercial landscape: a single-owner, privately managed office building with significant car parking provision, an on-site food court, and a central Oud Metha address suited to SMEs and corporate services businesses. For occupiers requiring cost-competitive Bur Dubai accommodation with on-site amenity and abundant parking — a combination difficult to replicate in strata towers — Gulf Towers presents a functional and operationally convenient option. The Buhaleeba Group's long-term anchor occupation provides institutional stability to the building. Medium-term relevance is contingent on continued investment in building standards and the competitive positioning of Oud Metha within the broader Bur Dubai ecosystem.