USD
XCD
ARS
BSD
BRL
CAD
CLP
COP
CRC
EUR
DOP
EGP
HUF
INR
IDR
JPY
MUR
MXN
OMR
PAB
QAR
SAR
RSD
SCR
THB
TRY
AED
GBP
UYU
USD
VND
RUB
BGN
NZD
ZAR
AZN
AUD
BMD
VUV
ILS
KZT
KGS
RON
UZS
CZK
CHF
Global Properties

6819m² Labor Camp in Dubai Investment Park, UAE No. 97745

$ 9 475 851
$ 1 390 per m²
6819 Living space, m²
Dubai Investment Park, UAE
Elite Properties Brokerage
Elite Properties Brokerage
Contact seller
Parameters
Living space, m²
6819
ID
97745
Type
Labor Camp
Property description
FULLY RENTED LABOR ACCOMMODATION BUILDING IN DIP FOR SALE AT AED 34.8 MILLION (9% NET ROI)

EXECUTIVE SUMMARY

Opportunity
Investment into an income generating Staff Accommodation Real Estate opportunity, Located in Dubai, UAE

Property
Total leasable area 73,400 ft | Building Configuration: G +

Location
Dubai Investments Park (DIP) is the largest mixed-use industrial, commercial, and residential complex in the
Middle East, spanning 2,300 hectares and offering world-class infrastructure and facilities.


Title
Long-Term Leasehold

Lease Term
3 years with an option to extend for an additional 2 years

Net Rent
DIP Labor Camp 3 Year 1: AED 3.0M | Year 2: AED 3.1M | Year 3: AED 3.3M

Tenant
Long-Term

Asking Price
AED 34.8Million

PROPERTY OVERVIEW

Leasable Area (in Sqft): 73,400
No. of Rooms: 243
Person Capacity: 1,446
Annual Rent/Room (In AED): 12,243.00
Occupancy: 100%
Net Rent (In AED): 2,975,000.00

Facilities

Bus Parking, Kitchen with Storage, Dining Hall, Two Modern Lifts, First Aid Room, Laundry Room, Prayer Room, Labor Service Room, Storeroom

Company Name: E L I T E Property Brokerage
Address: Office 613, The Onyx Tower 1, The Greens(SZR), Dubai-UAE
RERA ORN: 25831
Statistics Dubai Investment Park
$ 7 240
Price per m²
179
Quality of Life Index
61
Cost of living Index
Parameters
[:second_city:]
Dubai
Difference
Monthly Rent Cost
1-Room Apartment
$ 2 365
2-Room Apartment
$ 1 487
Apartment Purchase Price per m²
In the City Center
$ 7 240
Outside the City Center
$ 4 043
Crime Index
16
Cost of Living and Rent Index
58
Purchasing Power Index
141
Property Price to Income Ratio
7
Safety Index
84
Traffic CO₂ Index
8052
Traffic Inefficiency Index
249
Rent Index
54
Health Care Index
70
Groceries Index
49
Pollution Index
49
Traffic Commute Time Index
36
Restaurant Price Index
67
Climate Index
50
Cost of Living Index
61
Quality of Life Index
179
Traffic Index
169
Restaurants
Meal, Inexpensive Restaurant
$ 10.89
Meal for 2 People, Mid-range Restaurant, Three-course
$ 81.69
McMeal at McDonalds (or Equivalent Combo Meal)
$ 9.53
Domestic Beer (0.5 liter draught)
$ 13.61
Imported Beer (0.33 liter bottle)
$ 13.61
Coke/Pepsi (0.33 liter bottle)
$ 1.40
Water (0.33 liter bottle)
$ 0.81
Cappuccino (regular)
$ 5.91
Markets
Milk (regular), (1 liter)
$ 1.81
Loaf of Fresh White Bread (500g)
$ 1.37
Eggs (regular) (12)
$ 3.71
Local Cheese (1kg)
$ 12.30
Water (1.5 liter bottle)
$ 0.62
Bottle of Wine (Mid-Range)
$ 19.06
Domestic Beer (0.5 liter bottle)
$ 2.62
Imported Beer (0.33 liter bottle)
$ 3.17
Cigarettes 20 Pack (Marlboro)
$ 6.26
Apples (1kg)
$ 2.55
Chicken Fillets (1kg)
$ 8.92
Oranges (1kg)
$ 1.87
Potato (1kg)
$ 1.09
Lettuce (1 head)
$ 1.33
Rice (white), (1kg)
$ 2.32
Tomato (1kg)
$ 1.39
Banana (1kg)
$ 1.90
Onion (1kg)
$ 1.05
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$ 11.90
Transportation
One-way Ticket (Local Transport)
$ 1.63
Monthly Pass (Regular Price)
$ 81.69
Gasoline (1 liter)
$ 0.77
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$ 32 675
Taxi Start (Normal Tariff)
$ 3.27
Taxi 1km (Normal Tariff)
$ 0.68
Taxi 1hour Waiting (Normal Tariff)
$ 8.17
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$ 22 033
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$ 239
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$ 95.13
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$ 60.16
Salaries And Financing
Average Monthly Net Salary (After Tax)
$ 3 981
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
4%
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult
$ 71.14
Tennis Court Rent (1 Hour on Weekend)
$ 48.08
Cinema, International Release, 1 Seat
$ 13.89
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)
$ 72.47
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$ 65.35
1 Pair of Nike Running Shoes (Mid-Range)
$ 112
1 Pair of Men Leather Business Shoes
$ 118
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$ 869
International Primary School, Yearly for 1 Child
$ 17 176
Elite Properties Brokerage
Elite Properties Brokerage
Contact seller
Elite Properties Brokerage
Elite Properties Brokerage
Contact seller

Similar offers

$ 14 976 202
Electra Park Tourist Club Area (TCA) is now known by its new name Al Zahiyah. The area is on the eastern side of Abu Dhabi. It is one of the downtown areas of the capital city and enjoys a prime...
78026.8