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AED 2,800,000
AED 2,800,000
Profitable Investment: Rented 16 Rooms Independent Labor Camp in Al Quoz For Sale Al Quoz Al Quoz
Facts
Reference MAK PP 4264
Added On 11-Sep-2024
Category Commercial
Type Labor camp
Offer Type For Sale
Size 9,000 Sq. Ft.
Plot Area 4,550 Sq. Ft.
Description
Property Overview:
• Discover this fully tenanted labor camp in the vibrant Al Quoz district of Dubai. Offering a comfortable and well-maintained living environment for 92 people, this property presents a lucrative investment opportunity with a steady rental income stream.
Key Features:
• Prime Location: Situated in the sought-after Al Quoz area
• Strong Tenant Base: Enjoy a reliable and consistent tenant occupancy
• High ROI: Achieve a substantial return on investment with a 7.24% ROI
• Well-Maintained Building: Features modern amenities and excellent maintenance
• Growth Potential: Benefit from the increasing demand for labor accommodations in Dubai
Financial Details:
• Selling Price: AED 2,800,000/- (Net to Owner)
• Current Land Lease: AED 36,400/year (Paid to DREC)
• Current Rental Income: AED 240,000/- Yearly
• Current Net Income: AED 203,600/- Yearly
• ROI: 7.24%
• VAT: 5% of Selling Price (Paid by Buyer)
• Transfer Charge: AED 50,000/- to AED 100,000/- (Approximate)
• Agency Fees: 2% of Selling Price (Paid by Buyer)
Property Specifications:
• Property Type: Labor Camp (Independent)
• Location: Al Quoz, Dubai
• Deal Type: Sale
• Ownership Type: Leasehold Property Renewal (Yearly)
• Plot Size: 4,550 Sqft
• Built-up Size: G+1 (Permission for G+2)
• Number of Rooms: 16 Rooms (Window A/C Available)
• People Capacity: 92
• Kitchens: 2
• Dining Areas: 2
• Washrooms: Sufficient
• Showers: Sufficient
Amenities: Toilets, Bathrooms, Kitchens, Dining Areas
Investment Highlights:
• Stable Rental Income: Benefit from long-term leases and consistent rental payments
• Value Appreciation: Enjoy potential property value growth over time
• Strong Tenant Demand: Benefit from the increasing demand for affordable housing in Dubai
• Professional Management: Consider hiring a property management company to optimize returns
To schedule a viewing or learn more about this exceptional investment opportunity, please contact RVRG Real Estate Brokerage. Our experienced agents can provide you with detailed information and assist you in making an informed decision.
• Discover this fully tenanted labor camp in the vibrant Al Quoz district of Dubai. Offering a comfortable and well-maintained living environment for 92 people, this property presents a lucrative investment opportunity with a steady rental income stream.
Key Features:
• Prime Location: Situated in the sought-after Al Quoz area
• Strong Tenant Base: Enjoy a reliable and consistent tenant occupancy
• High ROI: Achieve a substantial return on investment with a 7.24% ROI
• Well-Maintained Building: Features modern amenities and excellent maintenance
• Growth Potential: Benefit from the increasing demand for labor accommodations in Dubai
Financial Details:
• Selling Price: AED 2,800,000/- (Net to Owner)
• Current Land Lease: AED 36,400/year (Paid to DREC)
• Current Rental Income: AED 240,000/- Yearly
• Current Net Income: AED 203,600/- Yearly
• ROI: 7.24%
• VAT: 5% of Selling Price (Paid by Buyer)
• Transfer Charge: AED 50,000/- to AED 100,000/- (Approximate)
• Agency Fees: 2% of Selling Price (Paid by Buyer)
Property Specifications:
• Property Type: Labor Camp (Independent)
• Location: Al Quoz, Dubai
• Deal Type: Sale
• Ownership Type: Leasehold Property Renewal (Yearly)
• Plot Size: 4,550 Sqft
• Built-up Size: G+1 (Permission for G+2)
• Number of Rooms: 16 Rooms (Window A/C Available)
• People Capacity: 92
• Kitchens: 2
• Dining Areas: 2
• Washrooms: Sufficient
• Showers: Sufficient
Amenities: Toilets, Bathrooms, Kitchens, Dining Areas
Investment Highlights:
• Stable Rental Income: Benefit from long-term leases and consistent rental payments
• Value Appreciation: Enjoy potential property value growth over time
• Strong Tenant Demand: Benefit from the increasing demand for affordable housing in Dubai
• Professional Management: Consider hiring a property management company to optimize returns
To schedule a viewing or learn more about this exceptional investment opportunity, please contact RVRG Real Estate Brokerage. Our experienced agents can provide you with detailed information and assist you in making an informed decision.
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