Residential Building G+5 in Dubai Industrial City (DIC)

Property ID: ASH PP 3473
Location: DIC
Property Type: Residential Building G+5 (Rented Out)
Built-up Area: 32,500 sqft
Total Number of Units: 75 units
Selling Price: AED 40 million (Net to Owner)
ROI: 8%
VAT: As Applicable
Agency Fees: 2% of Selling Price + 5% VAT
Transfer Charge: 2.5% to Dubai Investment Park
Transfer Charge: 4% to Land Department

Facility Features:
Gym: State-of-the-art fitness facilities to keep residents healthy and active.
Bike Racks: Convenient bike storage for environmentally conscious residents.
Lobby Reception: Welcoming lobby area with reception services.
24-Hour Security: Ensuring a safe and secure living environment.
Covered Parking: Ample parking space to accommodate residents' vehicles.
Fitness Facility: Comprehensive fitness amenities available for residents.
Area Details:
Dubai Industrial City (DIC) is a dynamic and rapidly growing area designed to support a wide range of industries and residential needs. It offers a strategic location with excellent connectivity and modern infrastructure.

Unique Points About the Area:
Strategic Location: DIC provides easy access to major highways and transportation hubs, making it ideal for businesses and residents alike.
Modern Infrastructure: The area boasts state-of-the-art facilities and infrastructure, designed to support industrial and residential growth.
Business and Residential Hub: DIC is a mixed-use area that combines industrial, commercial, and residential spaces, creating a vibrant community.
Supportive Environment: With a focus on sustainability and community, DIC offers a range of amenities and services that cater to the needs of its residents and businesses.
This residential building in DIC offers a lucrative investment opportunity with a built-up area of 32,500 sqft and 75 fully rented units. The selling price is AED 40 million (net to owner), providing an ROI of 8%. The property includes top-notch facilities such as a gym, bike racks, lobby reception, 24-hour security, fitness facility, and covered parking. Agency fees are 2% of the selling price plus 5% VAT. The transfer charges include 2.5% to Dubai Investment Park and 4% to the Land Department.