Residential Plot for Sale in IMPZ – Hotel or Hotel Apartment Development Opportunity

Property ID: SAN PP 757
Location: IMPZ (International Media Production Zone), Dubai
Property Type: Residential Plot / Hotel or Hotel Apartment
Ownership Type: Freehold
Height Permission: G+7
Plot Size: 38,080 Sqft
Gross Floor Area (GFA): 133,281 Sqft
Sale Price: AED 23,324,175

Located in the rapidly developing International Media Production Zone (IMPZ), this residential plot offers excellent potential for hotel or hotel apartment development. With a plot size of 38,080 sqft and a GFA of 133,281 sqft, the site provides ample space for a G+7 development, allowing for the construction of a high-rise hotel or hotel apartment building to meet the demand for accommodations in Dubai.

Key Features:

Strategic Location: IMPZ is a fast-growing area in Dubai, offering excellent connectivity to key locations such as Dubai Sports City, Motor City, and Al Quoz. The plot is easily accessible via Sheikh Mohammed Bin Zayed Road, providing convenient links to Dubai’s major business, retail, and entertainment zones.
Height Allowance: The G+7 height permission offers significant development opportunities, allowing for a multi-story hotel or hotel apartment complex with numerous rooms or serviced apartments.
Freehold Ownership: The plot is available for freehold ownership, making it a viable option for both local and international investors seeking long-term growth potential in Dubai’s real estate market.
High Demand for Hospitality Projects: The area’s proximity to business hubs and entertainment venues ensures a consistent demand for hospitality services, offering strong potential for rental yields and capital appreciation.
Flexible Development Potential: The plot allows for a variety of development configurations, including a combination of hotel rooms, serviced apartments, and additional amenities such as retail outlets or dining establishments.
Attractive Pricing: Priced at AED 23,324,175, this plot offers excellent value for its location and development potential, making it a competitive option in the growing hospitality sector.

Sale Price: AED 23,324,175
Agency Fees: 2% of Sale Price
Transfer Charge: 4% of Sale Price

This residential plot provides a lucrative opportunity for investors and developers looking to capitalize on the strong demand for hotel and hotel apartment developments in Dubai’s expanding hospitality market. For more information or to arrange a viewing, please contact us today.