LAND AREA: 1,367,000 Square Feet
BUA: 800,000 Square Feet
Vacant Land: 100,000 Square Feet
Ownership: Long lease from DIP -40 years remaining to renew
Year of construction: 2010
# of warehouses: 173+ 1 vacant land leased out
Financials:
Yearly Rent: AED 26,530,000/-
Less: DIP Land Rent: AED 1,400,000/-
Operating Cost: AED 200,000/-
Net Rent: AED 24,930,000/-
Current Average Rent: AED 33/sq.ft. gross & AED 31.16 net
Current Average Market Rent Rate: AED 55/sq.ft.
No such large logistics investment opportunity is available in Dubai.
Multiple tenants, thus no impact even few leave the premises
Expected Rent per year is AED 45 Million
