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Property description
95% RENTED MIXED USE COMMERCIAL & RETAIL BUILDING IN DUBAI PRODUCTION CITY FOR SALE AT AED 106 MILLION (8.5% NET ROI).EXECUTIVE SUMMARY
Opportunity
Investment into an income generating Urban Mixed-Use Real Estate opportunity, Located in Dubai, UAE
Property
Total land area 248,556 ft with Total leasable area - 215,561ft
Location
The mixed-use asset is strategically located in Dubai Production City (DPC).
Dubai Production City (DPC) is Ideally located on a main highway parallel to Sheikh Mohammed bin Zayed Road and within proximity to an extensive highway network, Jebel Ali Sea Port, Al Maktoum International Airport and the impending Union Rail linking logistic corridor to the entire Arabian Peninsula.
The asset is in proximity to the remainder of the city making it an ideal location for Urban Logistics, Retail and Offices.
Title
Long-Term Renewable Leasehold
Lease Term
3-5 Years for each unit
Expected Gross Rent
AED 12 Million
Expected Net Rent
AED 9 Million
Tenant Profile
Long-Term
Asking Price
AED 106 Million
ASSET OVERVIEW
No. of Units: 61
No. of Car Parks: 160
Plot Area (ft): 248,556
Leasable Area (ft): 215,561
Typical Unit Area (ft): 3,500
Coverage Area: 87%
Average Eaves Height (m): 11m
Year Built: 2019
Company Name: E L I T E Property Brokerage
Address: Office 613, The Onyx Tower 1, The Greens(SZR), Dubai-UAE
RERA ORN: 25831
Elite Properties Brokerage