Freehold Shopping Mall In Dubai International City For Sale

Description

Shopping mall property in Dubai International Academic City.

Property

• Ownership: freehold
• Plot area: approximately 13,200 sq ft
• Built-up area: approximately 12,000 sq ft
• Building: ground floor and mezzanine

Lease

• Fully rented
• Lock-in period: 10 years
• Lease period stated from: 2018

Financials

• Annual rental income: AED 1,800,000
• ROI stated: 8.37% per year

Transaction Costs

• VAT: applicable
• Transfer charge: 4% of selling price

Asking Price

Price: AED 21,500,000 net to owner