FULLY FITTED WITH CABINS

The Binary
Half floor
9250 sqft
Fully fitted with cabins
Price 15.5M. . . . . . .

(Total Number of offices 39)
Approx Size of office is 200 sqft

*Rent per office with view=54000 AED
*Total Offices with View=19
*Total Rent of offices with view =1.026M AED

*Number of offices without view=20
*Rent per office without view=45000 AED
*Total Rent of offices without view=900000AED

***Total rent of floor=1.029+900k
=1.926M***

*So Gross Income is approx 1.926M

*Total expenses
-Salaries 96000 AED per year
-DU 22272 AED per year
-Techem 72000 AED per year
-Other expenses (water, maintenance, tissue etc) maximum 20000 AED per year

(So total expenses are around 200k-250k per year,
Lets say max 300k)

*So NET income will be
total rent-expenses = 1.92M-300k

Approx 1.62M per year NET

In addition I want to mention
they have permission to issue 92 Ejaris
(As per DED 1 Ejari for 100 sqft)
*So total 53 virtual Ejaris they can sell
*And after every 3 months they can cancel previous ones and issue new one
*Average price of Virtual Ejari is around you can add it in net INCOME

Property Information

TypeOffice
PurposeFor Sale
Reference no.Bayut - 765432456
CompletionReady
Average Rent
Added on2 November 2023

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