LOCATION.: Dubai Investment Park – 1
PROPERTY TYPE.: Labour Accommodation
PLOT AREA.: 35,811 Sq Ft /3327 Sq. Mtr
BUILT UP AREA.: Approx 81,000 Sq Ft
OWNERSHIP.: 30 Years Leased Land could be renewed Two More Time (ie; 90 Years)
ANNUAL RENT TO DIP.: AED 400,000
PROPOSED COMPLETION.: October 2015
NUMBER OF ROOMS.: 221 Rooms
ROOM CAPACITY.: 201 Rooms of 4 person Capacity
: 20 Rooms of 8 Person Capacity
AMENITIES.: Sufficient number of bathrooms in every floor
: DEWA & Sewage connected
KITCHEN & DINNING.: Sufficient Space as per Municipal Rules
COOKING GAS.: Central Gas connection
SELLING PRICE.: AED 48,000,000
AGENCY COMMISION.: 2%
DESCRIPTION : BRAND NEW G + 4 STAFF/LABOUR ACCOMMODATION
LAND : LEASED FROM DIP FOR 30 YEARS @ AED. 144/- Per Sq. Mtr. Per year.
Feasibility Study : ( considering the sublease option)
Total Cost Of the project
Purchase Price : AED 48,000,000
Transfer Fees 4% : AED 1,920,000 Land Department
Agency Commission 2%: AED 960,000
Total Cost : AED 50,880,000
Total Income Expected:
Monthly Rent : AED 2,600 Net to Owner
Rent for 221 Rooms : AED 6,895,200 Yearly (ie; AED 2,600 x 12 x 221 Rooms)
Annual Rent to DIP : AED 400,000 Yearly (Less)
Net income Yearly : AED 6,495,200 Net to Owner
Break Even Analysis :
Total Purchase Price : AED 50,880,000
Net income Yearly : AED 6,495,200 Net to Owner
Break Even : 7.8 Years Maximum AED (ie; AED 50,880,000 / AED AED6,495,200)
Thanks & Regards
Abdul Salam Mohamed
Senior Property Consultant
Realty Home Real Estate Broker
Mob: 00971 56 9471556
Mob: 00971 55 9236819 (WattsUp)
DUBAI INVESTMENT PARK:
Spread over a total area of 3,200 hectares, Dubai Investments Park (DIP) is based on a pioneering concept of creating a city within the city - to work, live, and play.
As a unique, multifaceted lifestyle complex of industrial, business, residential, and recreational developments, DIP is designed to be the premier business park in the region, and offers investors everything they need to provide their enterprise with the right environment for success; their workforce with wholesome living; and their families with a comfortable community lifestyle. The Park is equipped with world-class facilities and services for manufacturing, housing, academic, research and development, distribution and logistics purposes.
DI Park is centrally managed and operated by Dubai Investments Park Development Company LLC. The company was set up in 1997 with the unique mission to create a self-contained and master-planned business complex, providing investors with facilities and professional services that would set new standards in the region. DIP is a wholly owned subsidiary, and a unique visionary enterprise, of Dubai Investments PJSC.