Property details

Description

Description Please quote reference number: KF 951 Property Overview: Plot Area: Approximately 11,513 sq m (123,923 sq ft) Built-Up Area (BUA): Approximately 7,776 sq m (83,701 sq ft) Height: Eaves height of approximately 9 meters Amenities: Six (6) elevated loading doors Firefighting sprinkler system throughout 24/7 Civil Defence compliance Land Information: Mainland leasehold Price: AED 63,000,000 (Equivalent to AED 753 per sq ft) Notes: Cold store equipped with ammonia plant Currently accommodates ~3,000 pallets Can be upgraded to handle up to 5,000 pallets 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. Location Dubai Investments Park (DIP) is a mix-use development that comprises residential, commercial and industrial use properties. This area is situated towards the South of prominent residential areas such as Jumeirah Golf Estates, Victory Heights and in close vicinity to Al Furjan. DIP offers good access to highways and a relatively short commuting time to residential areas targeted by the Client. The area also benefits from the connection to the metro link and other public transport. DIP is relatively newer than Southern industrial areas (Al Quoz, Ras Al Khor, Umm Ramool) and generally benefits from a higher quality warehousing stock. In addition, due to its convenient location, lower sublease fees and diversified masterplan, DIP also holds a competitive edge against other newer onshore industrial areas (Jebel Ali Industrial, DIC).