Listed: 7 months ago
40,000,000 AED

12 Retails at 10 % Net Return for 10 yrs

The property

Bulk Sale Unit for Sale in Palm Jumeirah

40,000,000 AED
Bulk Sale Unit
Trakheesi Permit
Issued to RERA registered companies and Dubai developers as confirmation of their right to advertise properties
24,000 sqft / 2,230 sqm


Conference room
Covered Parking
Shared Gym
Shared Pool

Agent details

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Salah Naji

Property Consultant


Guaranteed 10% net income for 10 yrs (posted-dated cheques for 10 yrs)
Key facts:
- Bulk retails for sale in Palm Jumeirah, located among residential, hotel and hotel apartments community
- 12 shops,licensed for beach club, restaurants, spa, gym and others
- Direct access to the beach and swimming pool
- Retails to be operated by international operators including Mövenpik, and other known brands
- Total Built-up Area 24500 sq ft / 2305 sq m
- Asking price 45m
- Valued at AED 50m by an international valuation company
- Price per sq ft : AED 1835 per sq ft
- The seller will rent the retails for 10 years at 10 per cent net return (4.5 M per a year) posted dated cheques to be paid for 10 yrs
- Net income - no service charge or maintenance to be paid by the new owner.
- The tenant will do the fitting-out at his cost
- The lease contract is renewable

This property is listed by Morrow Property Brokers,licensed by RERA under number 12943.

Call us for further details on: +971553108422.
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Palm Jumeirah, Dubai

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