Property Type: Warehouse with Washroom (Fully Rented for 3 Years)

Property Details:

Plot Area: 1,305,000 sqft (Approx.)
Total Built-up Area (BUA): 900,000 sqft
Height: 9 M
Power: Kw (Details not specified)

Financial Details:
Land Lease: AED 7,000,000 (Approx., paid to Dubai Investment Park every year)
Selling Price: AED 350 million (Net to Owner)
ROI: 8%
VAT: As Applicable
Transfer Charge: 2.5% of Selling Price to DIP
Additional Transfer Charge: 4% of Total Balance Leased Amount to Land Department and 4% of Sale Value

Description:
This expansive warehouse located in Dubai Investment Park (DIP) encompasses a plot area of approximately 1,305,000 sqft with a total built-up area of 900,000 sqft. The property is fully rented for a 3-year term, generating a gross income of AED 35 million. The land lease amounts to AED 7 million annually. The selling price is AED 350 million, net to the owner, with an ROI of 8%. Agency fees, VAT, and transfer charges are applicable as per the details provided.

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.