Location : Al Quoz
Property type : Labour Accommodation
Ownership : Leased Land
Plot Size : 6000 Sqft
Status : Fully Occupied
Number of Rooms : 30 Rooms
Room Capacity : 4 Person Per room
Amenities : Sufficient number of bathrooms in every floor
: DEWA & Sewage connected
Kitchen & Dinning : Sufficient Space as per Municipal Rules
Selling Price : AED 7,000,000
Agency Commission: 2%
Abdul Salam Mohamed
Senior Property Consultant
Realty Home Real Estate Broker
Mob: 00971 56 9471556 / 00971 55 9236819
Location : Sonapur / Muhaisnah
Property type : Labour Accommodation
Ownership : Leased Land
Plot Size : 5500 Sqft
Status : Fully Occupied
Number of Rooms : 22 Rooms
Room Capacity : 4 Person Per room
Amenities : Sufficient number of bathrooms in every floor
: DEWA & Sewage connected
Kitchen & Dinning : Sufficient Space as per Municipal Rules
Selling Price : AED 4,500,000
Agency Commission: 2%
Abdul Salam Mohamed
Senior Property Consultant
Realty Home Real Estate Broker
Mob: 00971 56 9471556 / 00971 55 9236819
Location : Dubai Investment Park – 1
Property type : Labour Accommodation
Ownership : 30 Years Leased Land, could be renewed Two More Time (ie; 90 Years)
Plot Size : 48937 Sqft
Leased date : 1st May 2001 (Commencement Date of Lease period)
Annual rent to DIP : AED 196,000
Status : Fully Occupied
Number of Rooms : 176 Rooms
Room Capacity : 96 Rooms of 6 person Capacity
: 07 Rooms of 8 Person Capacity
: 04 Rooms of 4 Person Capacity
: 58 Studio Rooms of 4 Person Capacity
: 03 Rooms for laundry
: 06 Electrical Rooms
: 01 Common Hall
: 01 Common Canteen
Amenities : Sufficient number of bathrooms in every floor
: DEWA & Sewage connected
Kitchen & Dinning : Sufficient Space as per Municipal Rules
Selling Price : AED 30,000,000
Agency Commission: 2%
Feasibility Study : (Considering the sublease option)
Total Cost Of the project
Purchase Price : AED 30,000,000
Transfer Fees 4% : AED 1,200,000 Land Department
Agency Commission 2% : AED 600,000
Total Cost : AED 31,800,000
Total Current Income:
Rent for 96 Rooms : AED 4,564,800 Yearly
(ie; AED 3,900 x 12 x 76 Rooms) +
( AED 4,200 x 12 x 20 Rooms)
Rent for 07 Rooms : AED 436,800 Yearly (ie; AED 5,200 x 12 x 07 Rooms)
Rent for 04 Rooms : AED 144,000 Yearly (ie; AED 3,000 x 12 x 04 Rooms)
Rent for 58 Studios : AED 2,088,000 Yearly (ie; AED 3,000 x 12 x 58 Rooms)
Canteen : AED 396,000 (ie; AED 33,000 x 12)
Total Yearly Rent : AED 7,629,600 Net to Owner
Annual Rent to DIP : AED 196,000 Yearly (Less)
Annual Overhead expense : AED 1,584,000 Yearly (Less)
(ie; AED 445,500 Annual Sublease Tax to DIP
+ AED 1,138,500 for DEWA & Maintenance)
Net income Yearly : AED 5,849,600 Net to Owner
Break Even Analysis :
Total Purchase Price : AED 31,800,000
Net income Yearly : AED 5,849,600 Net to Owner
Break Even : 5.4 Years Maximum AED (ie; AED 31,800,000 / AED 5,849,600)
Abdul Salam Mohamed
Senior Property Consultant
Realty Home Real Estate Broker
Mob: 00971 56 9471556 / 00971 55 9236819