Building is a factory, LEASEHOLD
Saih Shuaib 3 Area , Plot no. 12
Municipality no. 533-255
Land Used:
Industrial / According to Allocation
Authorized : G + Mezzanine
Total Land Area 200,003.90 sq. ft.
Property sold Without Equipment

There is a Lease contract on the Plot
Between the owner and The Dubai
Industrial City 2 for 30 Years
Started from 18 May 2006
And will end on 17 May 2036

Bidding participation requirements :
Most activities may be accepted, subject
to the approval of the Dubai Industrial Committee
excluding food products industries.

Viewing is not Available
The property is occupied by a tenant
with an initial unregistered contract
And It will expire on 31 March 2030
with a rental value of 740,000 AED / Year

In respect of claims relating refund
Of the rent or vacancy of the property
The New Owner (the winner of the auction)
Must file a case with the competent authority
Settlement Committee, to evict the occupants
of the property and recover the rental value.
and the buyer must notify the tenant
by the Notary Public that he is the new owner
of the property. and that Emirates Auction
and/or Dubai Courts bear no responsibility.

Important Note :
the sale is the LEASE on the land
But regarding the land, it is belongs to
Dubai Industrial City2, and leased to the Bidder
Therefore, the bidder will pay the rent value
To Dubai Industrial City until the end of
Term of usufruct on 17/05/2036

Recent decisions of the Dubai Courts
apply in terms of accepting or rejecting
offers of the bidders

The buyer bears the Property
developer’s fees from the date
of registering the Title Deed in his name

Your participation in the auction is an
acknowledgment of the property legal
and physical conditions

For more details or to participate
in the auction please call us at
600545454 available 24 hours.

FACTORY - LEASE

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