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LAND FOR RENT IN AL RIQQA

Property details

Property Type

Land

Property Size

53,819 sqft / 5,000 sqm


Amenities

Vastu-compliant


This area is customized for Industrial-Non-Food activity only.
Chemical and Recycle activity required preliminary approval by the Environmental department.

Leasing Procedures:

1. Land Selection based on the investor requirements.
2. Land Viewing.
3. Leasing Application Submissions includes:
(A) Lands Lease request.
(B) Investor Documents (for companies Valid License and Memorandum).
(C) Rental Cheques.
4. Approval from Environmental department (For Food and Chemical Factories).
5. Agreement Signatory.


Payment Plan:

First CDC - 50% of the rental amount + fees for issuing contract.
Second CDC - 5% Vat
Third CDC - 25% of the rental amount
Fourth CDC - 25% of the rental amount

Other Fees:

Fees of Land Transferring - AED 5,000
Request Letter Fees - AED 100 (For Each Letter)
Return Cheque Fine - AED 1,000 Per Cheque

Documents Required:

1. For Contract with Individual Name:
(A) Emirates ID original & Copy.
(B) Passport Copy.
(C) Visa Copy.
(D) Valid License suitable with the land type.
(E) Residential Prove (Fewa bill, ownership, Tenancy contract ...etc.).
(F) Bank Account Statement.

2. For Contract with Company Name:
(A) Valid License suitable with the land type.
(B) Memorandum Contract.
(C) Personal Documents for Signatory person (ID Copy, Passport Copy and Visa Copy).
(D) Tax Certificate.
(E) Bank Account Statement.

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Regulatory information
Regulatory information

Reference

SLM-UAQ-IC-IP1