Property Type: Warehouse with Office, Racking, and Loading Bay (Fully Air-Conditioned)

Property Details:
Plot Size: 400,000 sqft
Built-up Area: 250,000 sqft
Number of Units: 10 units
Height:
Centre: 10 M
Eve: 7.3 M
Temperature Control:
Warehouse 1 to 8: 23°C
Warehouse 9 and 10: 19°C
Power: 2000 kW
Land Lease: AED 974,298/- (Paid to DIP every year)
Selling Price: AED 128 Million (Net to owner)
Net ROI: 8%
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 warehouse and office property in Dubai Investment Park (DIP) offers a total plot size of 400,000 sqft, with a built-up area of 250,000 sqft across 10 units. The warehouses are fully air-conditioned with precise temperature controls: units 1 to 8 maintain a temperature of 23°C, while units 9 and 10 are kept at 19°C. The property features a center height of 10 meters and an eve height of 7.3 meters. It is equipped with a substantial power supply of 2000 kW. The selling price is AED 128 million, providing a net ROI of 8%. Additional costs include the annual land lease paid to DIP, VAT as applicable, 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.