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 35,000,000
Agency Commission: 2%
Feasibility Study : (Considering the sublease option)
Total Cost Of the project
Purchase Price : AED 35,000,000
Transfer Fees 4% : AED 1,400,000 Land Department
Agency Commission 2% : AED 700,000
Total Cost : AED 36,400,000
Total Income Expected:
Rent for 96 Rooms : AED 4,608,000 Yearly (ie; AED 4,000 x 12 x 96 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)
Total Yearly Rent : AED 7,276,800 Net to Owner
Annual Rent to DIP : AED 196,000 Yearly (Less)
Annual Overhead expense : AED 1,386,000 Yearly (Less)
Net income Yearly : AED 5,694,800 Net to Owner
Break Even Analysis :
Total Purchase Price : AED 36,400,000
Net income Yearly : AED 5,694,800 Net to Owner
Break Even : 6.4 Years Maximum AED (ie; AED 36,400,000 / AED 5,694,800)
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.