Property Details:
Property Type: Residential Villa Plot Can Convert To Commercial Retail Shops (Corner Plot)
Location: Al Warqa 2
Deal Type: Sale
Ownership Type: Freehold Property For Local & GCC Nationality

Plot Details:
Plot Size: 21,125 Sqft
Permission: G+1

Price and Fees:
Selling Price: AED 10,000,000/- (Net to Owner)
VAT: 5% of Selling Price if applicable (Paid by Buyer)
Transfer Charge: AED 4% of Selling Price (Paid by Buyer)
Agency Fees: 2% of Selling Price

Usage:
Residential Villa Plot Can Convert To Commercial Retail Shops

This commercial plot in Al Warqa Dubai offers a prime opportunity for long-term lease, suitable for the development of commercial shops or commercial villas. With a plot size of 20,000 sqft and permission to construct G+M structures, the property provides ample space for various commercial ventures. The annual rent is AED 2,000,000 excluding all additional charges. VAT applies at 5% of the annual rent, and a refundable security deposit equivalent to 10% of the annual rent is required. Agency fees, comprising 10% of the annual rent plus 5% of VAT, apply. This property is ideal for investors or businesses looking to establish their presence in the vibrant commercial hub of Al Warqa Dubai. For more information or to arrange a viewing, please contact us. Serious inquiries are appreciated.

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