Property Listing: ASH PP 895
Location: Dubai Investment Park (DIP)

Property Type: Warehouse with Office

Property Details:

Plot Size: 1,000,000 sqft
Number of Buildings: 2
Building 1 Size: 280,000 sqft (Fully Rented, AED 8 Million Income)
Building 2 Size: 170,000 sqft (Empty, Expected Income AED 5 Million)
Total Built-up Area: 450,000 sqft
Height: 8 or 12 M
Power: 4000 kW
Land Lease: AED 1.5 Million Approx. (Paid to Dubai Investment Park every year)
Selling Price: AED 225 million (Net to owner)
ROI: 5.11%
VAT: As Applicable
Transfer Charges:
2.5% of the Selling Price to DIP
4% of the total balance leased amount to the land department and 4% Sale value

Description:
This expansive property in Dubai Investment Park (DIP) includes two buildings with a combined built-up area of 450,000 sqft on a 1,000,000 sqft plot. Building 1 is fully rented, generating an income of AED 8 million, while Building 2 is currently empty, with an expected income of AED 5 million. The property features a height range of 8 to 12 meters and is supported by a significant power capacity of 4000 kW. The annual land lease is approximately AED 1.5 million. The property is available for sale at AED 225 million, offering a net ROI of 5.11%. Additional costs include VAT, agency fees (2% of the selling price + 5% VAT), and transfer charges to DIP and the land department.

About RVRG Real Estate:
RVRG Real Estate specializes in commercial and residential properties across the UAE, offering comprehensive real estate solutions. Our services include property sales, facilitating smooth transactions to connect sellers with qualified investors. We assist buyers and investors in identifying lucrative opportunities, providing tailored leasing solutions to maximize returns. Our market analysis guides informed decision-making, while negotiation support ensures favorable terms. Additionally, our property management services efficiently handle diverse portfolios, ensuring client satisfaction and value creation.