Shell and Core

Shell and core refers to commercial space delivered in basic condition with structural elements and building systems complete but requiring tenant fit-out of interior spaces, common in office and retail leasing.

Delivered ConditionIncluded
StructureColumns, floors, external walls
MEPCore mechanical, electrical, plumbing to floor
Common areasElevators, lobbies, restrooms
UtilitiesBuilding connections ready
Tenant ResponsibilityFit-Out Required
PartitioningInternal walls and layouts
FinishesFlooring, ceilings, paint
ElectricalInternal wiring and fixtures
HVACDistribution from core systems
Financial ImplicationsCost
Fit-out costAED 150-400 per sq ft
Timeline3-6 months typical
Rent-free periodNegotiated during fit-out
AmortizationTenant recoups over lease term

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