10
22 Warehouse Units in DIP | High Rental Income
Property Overview:
- Property Type: Warehouses Compound
- Location: DIP 2, Dubai
- Warehouse Units: 22 Warehouses + Offices Block
- Plot Size: 131,800 sq. ft.
- BUA (Built-Up Area): 78,178 sq. ft.
- Lease Details: Leased from DIP until 2037 (extendable 30+30 years)
- Current Status: Rented at AED 2,700,000 yearly
- Current Average Rent: AED 34.5/sq. ft.
- Power Capacity: 18 KW each warehouse (Main client upgraded to approximately 1000 KW)
- Warehouse Height: 9 Meters
- Size of Each Warehouse: 3,175 sq. ft. & 3,229 sq. ft.
Financial Snapshot:
- Current Rental Income: AED 2,700,000/year
- Land Rent to DIP: AED 735,000/year
- Selling Price: AED 26,000,000
Market Insights:
The DIP market currently shows rental rates ranging between AED 50 and AED 77 per sq. ft. , with an average of AED 63 per sq. ft. Based on these figures, this property’s rent can be easily increased to at least AED 55 to AED 60 per sq. ft. , significantly boosting the annual rental income.
Potential ROI:
With the current rent and selling price, the property offers an approximate ROI of 10.38%. Aligning the rent with market rates could further enhance this ROI, making it an attractive investment opportunity with strong growth potential.
Please reach out to CRC Property to obtain comprehensive information and arrange a viewing.
Company Name: BH CRC Real Estate
RERA ORN: 23624
Address: Office 2106, Marina Plaza, Dubai Marina, Dubai - UAE
Office Phone:
Primary Email:
Website: crcproperty. com
Call or email us for further details.
- Property Type: Warehouses Compound
- Location: DIP 2, Dubai
- Warehouse Units: 22 Warehouses + Offices Block
- Plot Size: 131,800 sq. ft.
- BUA (Built-Up Area): 78,178 sq. ft.
- Lease Details: Leased from DIP until 2037 (extendable 30+30 years)
- Current Status: Rented at AED 2,700,000 yearly
- Current Average Rent: AED 34.5/sq. ft.
- Power Capacity: 18 KW each warehouse (Main client upgraded to approximately 1000 KW)
- Warehouse Height: 9 Meters
- Size of Each Warehouse: 3,175 sq. ft. & 3,229 sq. ft.
Financial Snapshot:
- Current Rental Income: AED 2,700,000/year
- Land Rent to DIP: AED 735,000/year
- Selling Price: AED 26,000,000
Market Insights:
The DIP market currently shows rental rates ranging between AED 50 and AED 77 per sq. ft. , with an average of AED 63 per sq. ft. Based on these figures, this property’s rent can be easily increased to at least AED 55 to AED 60 per sq. ft. , significantly boosting the annual rental income.
Potential ROI:
With the current rent and selling price, the property offers an approximate ROI of 10.38%. Aligning the rent with market rates could further enhance this ROI, making it an attractive investment opportunity with strong growth potential.
Please reach out to CRC Property to obtain comprehensive information and arrange a viewing.
Company Name: BH CRC Real Estate
RERA ORN: 23624
Address: Office 2106, Marina Plaza, Dubai Marina, Dubai - UAE
Office Phone:
Primary Email:
Website: crcproperty. com
Call or email us for further details.
Property Information
- TypeWarehouse
- PurposeFor Sale
- Reference no.Bayut - WH38762S
- CompletionReady
- Average Rent
- Added on25 October 2024
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