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GIM REAL ESTATE
  • Broker: GIM REAL ESTATE
  • Agent name: Ali Kassem
  • RERA BRN: 1164
  • Reference number: GIM-P-19
  • Permit number: 15571
  View all our properties for sale
AED 8,750,000

Full Building! Ewan Residence, DIP

Dubai Investments Park, Dubai created 30.08.2016, updated 12.07.2017
Property verified Print Report
  • Price Price
    809 aed/ft²
  • Deal type Deal type
  • Property type Property type
  • Size Size
    10826 ft2

Key features

  • 24 Hours Maintenance
  • Balcony
  • BBQ area
  • Built in wardrobes
  • Public transport
  • Central air conditioning
  • Children's play area
  • Community View
  • Cycling tracks
  • Fully fitted kitchen
  • Gymnasium
  • Public parking
  • Restaurants
  • Shared swimming pool
  • Shopping mall
  • Squash courts
  • Unfurnished

Permit Number: 15571

 

This building has a perfect location right in front of the Shopping Center and minute walk to the facilities.

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

Current 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: 870,000 AED

Annual Land rent:38,000 AED( 5 years PDC to the developer)

Annual Service Charges:80,000 AED( 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 Insurance20,000 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%

904,500AED - 158,000 AED = 746,500 AED net income

746,500 / 8,750,0000 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 call us   / call us or visit www.gimrealestate.com for further details

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