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Property 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.
Company Name: E L I T E Property Brokerage
Address: Office 613, The Onyx Tower 1, The Greens(SZR), Dubai-UAE
RERA ORN: 25831
Elite Properties Brokerage