Dubai, UAE / Dubai
- PROPERTY TYPE
Apartment
- SIZE
73,731 sq ft
6,850 sq m
Description
FULLY RENTED LABOR ACCOMMODATION BUILDING IN DIP FOR SALE AT AED 34.8 MILLION (8.9% NET ROI)
EXECUTIVE SUMMARY
Opportunity
Investment into an income generating Staff Accommodation Real Estate opportunity, Located in Dubai, UAE
Property
Total leasable area 73,731 ft | Building Configuration: G + 4
Location
Dubai Investments Park (DIP) is the largest mixed-use industrial, commercial, and residential complex in the Middle East, spanning 2,300 hectares and offering world-class infrastructure and facilities.
DIP provides a variety of staff accommodations, from apartments to labor camps, conveniently located with access to public transport, essential services, and recreational amenities.
Title
Long-Term Leasehold
Lease Term
3 years with an option to extend for an additional 2 years
Net Rent
DIP Labor Camp 2 Year 1: AED 3.0M | Year 2: AED 3.1M | Year 3: AED 3.3M
Tenant
Long-Term
Asking Price
AED 34.8 Million
PROPERTY OVERVIEW
Leasable Area (in Sqft): 73,731
No. of Rooms: 243
Person Capacity: 1,446
Annual Rent/Room (In AED): 12,243.00
Occupancy - 100%
Net Rent (In AED): 2,975,000.00
Facilities:
Bus Parking, Kitchen with Storage, Dining Hall, Two Modern Lifts, First Aid Room, Laundry Room, Prayer Room, Labor Service Room, Storeroom.
Call Bee at + for further details.
Company Name: E L I T E Property Brokerage
Address: Office 613, The Onyx Tower 1, The Greens(SZR), Dubai-UAE
Company Email:
Telephone Number: +
RERA ORN: 25831
Dubai, UAE / Dubai
NEAREST AIRPORTS
Distances are straight line measurements- Dubai(International)18.2 miles
Notes
This is a property advertisement provided and maintained by Elite Property Brokerage LLC, Dubai (reference EPS-S-6229) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.