For Sale:
Dubai BuildingsDubai Investment Park (DIP)Ewan ResidenceEwan Residence 1Bayut - 555-Rb-S-0572Great Investment | Full Building for sale | Ewan Residence DIP
GIM Real Estate Brokers are pleased to offer a Full Building for sale located in EWAN residence, Dubai Investment Park.
This building has a perfect location within right in front of the shopping center and a minutes walk to the facilities such as play area, tennis court, swimming pool.
G+2 plot size 10826 SF
Apartments: total 12 units
2 units of 3 bedroom + maid
6 units of 2 bedroom + laundry
4 unit of 1 bedroom
Currently total rent:
2BR - 75,000 AED (75K for 2BR)
1BR - 60,000 AED (rental price 60K for 1BR)
3BR - 90,000 AED (rental price 90k for 3BR)
Total: AED 870,000
Annual Land rent: 38,000 AED ( 5 years PDC to the developer)
Annual Service charges: 80,000 ( 5 year PDC to the developer)
Maintenance: 20,000 AED (building nr 48 using the company for the annual maintenance for 20,000 AED per year, we can advise all the contacts)
Building insurance 20,000 AED
Current Net Income as per current rent
870,000 AED - 158,000 AED = 712,000 AED net income
712,000 AED / 8,750,000 AED * 100% = 8.14% income
Potential Net Income As per new rents will increase 5%
904,500 AED - 158,000 AED = 746,500 AED net income
746,500 / 8,750,000 AED * 100% = 8.53%
Here all extra payments required from buyer for the property transfer:
- Admin/ document fee 15,000 AED payable to the developer
- NOC fees ( non objection certificate) 5,000 AED payable to the developer
- Transfer fees 4% to the Land Department
- 2% Agency fees
Call Ali kassem on or visit www. gimrealestate. com for further details
GIM REAL ESTATE was established since 2008 located in Business Bay, Executive Bay Tower B, office 802. By infusing intelligence and innovation into the way people search for property, find a buyer, tenant, locate an expert and including all aspects of the commercial and residential real estate businesses. In GIM Real Estate we create a unique property experience for all our customers and our first priority is the outstanding client service that we deliver to our customers and to build long term relationship with our customers and clients to provide exceptional customer services. Our expertise knowledge of the market will guide you through the complete real estate process from searching to purchasing or leasing of the property. The organization's core business philosophy is to believe in professionalism and customer service. Whether you are the first time tenant or a buyer, who is stepping up to your dream home then "GIM REAL ESTATE" is a great place to begin the process.
This building has a perfect location within right in front of the shopping center and a minutes walk to the facilities such as play area, tennis court, swimming pool.
G+2 plot size 10826 SF
Apartments: total 12 units
2 units of 3 bedroom + maid
6 units of 2 bedroom + laundry
4 unit of 1 bedroom
Currently total rent:
2BR - 75,000 AED (75K for 2BR)
1BR - 60,000 AED (rental price 60K for 1BR)
3BR - 90,000 AED (rental price 90k for 3BR)
Total: AED 870,000
Annual Land rent: 38,000 AED ( 5 years PDC to the developer)
Annual Service charges: 80,000 ( 5 year PDC to the developer)
Maintenance: 20,000 AED (building nr 48 using the company for the annual maintenance for 20,000 AED per year, we can advise all the contacts)
Building insurance 20,000 AED
Current Net Income as per current rent
870,000 AED - 158,000 AED = 712,000 AED net income
712,000 AED / 8,750,000 AED * 100% = 8.14% income
Potential Net Income As per new rents will increase 5%
904,500 AED - 158,000 AED = 746,500 AED net income
746,500 / 8,750,000 AED * 100% = 8.53%
Here all extra payments required from buyer for the property transfer:
- Admin/ document fee 15,000 AED payable to the developer
- NOC fees ( non objection certificate) 5,000 AED payable to the developer
- Transfer fees 4% to the Land Department
- 2% Agency fees
Call Ali kassem on or visit www. gimrealestate. com for further details
GIM REAL ESTATE was established since 2008 located in Business Bay, Executive Bay Tower B, office 802. By infusing intelligence and innovation into the way people search for property, find a buyer, tenant, locate an expert and including all aspects of the commercial and residential real estate businesses. In GIM Real Estate we create a unique property experience for all our customers and our first priority is the outstanding client service that we deliver to our customers and to build long term relationship with our customers and clients to provide exceptional customer services. Our expertise knowledge of the market will guide you through the complete real estate process from searching to purchasing or leasing of the property. The organization's core business philosophy is to believe in professionalism and customer service. Whether you are the first time tenant or a buyer, who is stepping up to your dream home then "GIM REAL ESTATE" is a great place to begin the process.
Property Information
- TypeResidential Building
- PurposeFor Sale
- Reference no.Bayut - 555-Rb-S-0572
- CompletionReady
- Average Rent
- Added on3 November 2019
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This property is no longer available
GIM Real Estate
Agent:GIM Real Estate Brokers