DIP Mall For Sale

Description

Shopping mall investment in Dubai Investment Park.

Property

Built-up area: nearly 200,000 sq ft

Property age: approximately 4 years

Parking: 280 dedicated spaces

Occupancy

Occupancy: 100%

Tenant leases: multiple 5-year agreements

Rental increases: 5% increments

Tenant Mix

• Cinema
• Banks
• Designer retail stores
• Hypermarket
• Other retail units

Expansion

Permit available for an additional floor.

Estimated additional floor cost: AED 7,000,000

Financials

• Current ROI stated: 11%
• Net ROI stated: 12.5%
• Potential ROI stated: up to 15%
• Price basis stated: AED 650 per sq ft

Building

Designed by an award-winning architect.

The property is reported as well maintained.