Lease Property | Extensive Plot | 7.2% Yield

Property Type:

Warehouse

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Location

Industrial Zone

Dubai, Dubai Industrial City

Agent

Maxim Talmatchi

Knight Frank - Commercial

(162 Properties)

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Description

Please quote reference number: KF 437

Plot size is approximately 10,787 sq m (116,112 sq ft)
Built up area extending approximately 4,800 sq m (51,666 sq ft)
Warehouse is accessed via five ground level roller doors
Electrical load is approximately 2000 kW
LED lighting
Three overhead gantry cranes
Weighting Bridge
Fire fighting sprinkler system throughout
Tenanted property, leased up to June 2027
Rent 2024-25 is AED 1,685,000
Rent 2025-26 is AED 1,685,000
Rent 2026-27 is AED 1,770,000

Asking price AED 16,000,000 (AED 309 per sq ft)
Gross yield of 7.2%

Dubai Industrial City (DIC) is a master-planned development comprising industrial and labour accommodation. Dubai Industrial Park (DI) is located immediately to the southeast of Sheikh Mohammed Bin Zayed Road (E311). Jebel Ali Free Zone lies approximately 20 kilometres north of DIC.
DIC is connected to two major highways, to the north Sheikh Mohammed Bin Zayed Road (E311) which runs parallel to the west and Emirates Road (E611) which runs to the east.
Al Maktoum International Airport, Jebel Ali Port and Expo 2020 Dubai site are all located approximately 15-20 kilometres by road from DIC.

Knight Frank is the leading independent global residential and commercial property consultancy, headquartered in London. Knight Frank has a strong presence in the Middle East with offices in Abu Dhabi, Dubai and Saudi Arabia.