Banke International
Amaan KhanAmaan Khan
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Prime Labor Camp Investment

AED 38,000,000

Dubai Investment Park (DIP), Dubai

Beds
N/A
Bathrooms
N/A
Area
35,421 ft²

Description

Exceptional Investment Opportunity in Dubai Investment Park

Presenting a well-maintained labor camp for sale at an attractive price of AED 38 million. This property offers a total plot area of 35,421.01 SQFT, with key money set at AED 190 per SQFT. The camp, which is 7 years old, consists of a G+4 structure with a total of 228 rooms, accommodating over 1,000 individuals comfortably.

The strategic location near Al Maktoum International Airport is poised for significant capital appreciation, especially with the anticipated influx of approximately 1 million blue-collar workers in Dubai over the next year. This demand will create a pressing need for nearly 1,000 new staff accommodation camps, making this property a valuable asset.

Before the COVID-19 pandemic, the market value of this labor camp exceeded AED 47 million, with estimates suggesting it could reach AED 52 million soon. The property guarantees a fixed ROI with a solid rental yield, thanks to a confirmed lease agreement:

  • Annual Rental Income: AED 3.5 million, with a guaranteed 5% increase each year.
  • Commercial Space Income: An additional 4,000 SQFT commercial area can generate AED 800,000 annually, rented at AED 200 per SQFT, enhancing your revenue stream.

Total Annual Income: Combining both residential and commercial rents, the total potential annual income can reach AED 4.5 million. Don't miss this lucrative opportunity in the heart of Dubai's evolving landscape!

Amenities

Balcony
Central air conditioning
View of landmark
Concierge service
Covered parking
Lobby
Pets allowed
Sea/Water view

Regulatory Information

Reference Number
BI-S-20-10768
Permit Number
1450303145
Listed
10 days ago

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