4 star Hotel for sale in Dubai Investment Park
This brand-new hotel is located in close proximity to the Expo 2020 site and Metro station
DIP, Dubai, UAE
This 4 star hotel asset can be acquired in its current state for AED 135 million net to the seller. This would reflect a total acquisition cost of AED 148 million at its current state (including registration, transaction fees & VAT-reimbursed during operations). Estimated additional cost of AED 12 million for completing the 4-star hotel project with loose fitting, carpeting and furnishing. An estimated AED 3 million for pre-opening expenses and provisions. Total Landed Cost will amount to AED 163 million. The Annual Land Tax payable to Dubai Investment Park amounts to AED 35,000. The expected stabilization period / Stabilized year is in 3 Years / the 3rd Year.
The asset's Ownership Title is a long-term leasehold that expires in 2098.
Dubai Investments Park is a unique, self-contained mixed-use industrial, commercial and residential zone. Spread across an area of 2300 hectare (with 1,700 hectares leased), it is a city within a city offering world-class infrastructure and outstanding facilities and services. A subsidiary of Dubai Investments (PJSC), DIP is divided into three distinct zones – each setting the benchmark for high quality projects in a well planned, fully-integrated master community development. Strategically located within minutes from International Airport in Jebel Ali, it is well connected to Dubai’s key business districts and can be accessed from both Sheikh Zayed Road, Sheikh Mohammed Bin Zayed Road and Emirates Road. As a premier residential and business destination, DIP redefines the concept of living and work making it one-of-a-kind development in Dubai.
The boutique hotel has a strategic location close to the primary entrance of Dubai Investments Park (DIP). It is within walking distance to the under construction DIP metro station, which is just one station away from the upcoming EXPO2020 site. The immediate surroundings include the Expo2020 site, Jebel Ali Industrial Area, JAFZA South, Jebel Ali Industrial Area, Jumeirah Golf Estates and IMPZ, thereby catering to a strong captive audience of affluent business travellers, tourists and residents.
Due to the unique location at the entrance of DIP, the hotel presents outstanding visibility from Yalayis street while entering from Sheikh Mohamed Bin Zayed Road, there by adding immense value to the asset class.
Dubai Investments Park is fast emerging as a world-class mini educational zone. There are six dedicated plots for schools within the DIP premises. Out of these, five schools are already operational while other is under construction. Among the existing schools are some of the city's most acclaimed names such as Greenfield Community School, British Colombia Canadian School, The International School of Choueifat, Dovecote Green Primary School, Al Nibras Private School. Aside from providing high academic standards, these institutes offer a great learning environment with the finest facilities and up-to-date equipment. All schools are conveniently located within easy reach of the different residential areas in DIP.
Dubai Investments Park boasts four shopping malls. Two others are fully operational and promise a wonderful shopping experience for every budget and taste. From haute couture handbags to the late-night grocery run, the range of stores available at these malls ensure you are never stuck for a retail fix. Whether you are picking up a gift for that special someone or treating yourself, you will find what you are looking for at one of the shopping centres located at DIP. From the most exclusive luxury brands to the latest in hi-tech gadgets, the shops take your breath away.
The Market is a friendly and pleasant shopping centre at the Green Community. It is self-contained, convenient and fully facilitated center promising the most stress-free and enjoyable shopping experience. The Market can serve all your needs and wants with an array of 86 retail units occupied by 54 retailers. From Coffee shops to Restaurants, Supermarket to Banks, Entertainment outlets to Gifts and Book shop, Hair salon for ladies and gents to Pharmacy, and Medical clinic.
From pharmacies to laundries, money exchange and super markets, Souk Extra offers a range of shops catering to your day-to-day needs. Located here is also Spinneys Supermarket which provides a comprehensive selection of lifestyle, home, food and beauty items at affordable prices.
DIP Shopping Center
Located in the heart of the Commercial Zone, The DIP shopping center offers an array of facilities, from food courts to a child play area, pharmacies, optical shops, salons, coffee shops among other outlets. The Carrefour Supermarket located here also offers shoppers a great shopping selection.
Dream Oasis Shopping Center
Located near the Green Community entrance, is another opened department store ready to cater for the increasing population within the Dubai Investments Park community.
Park and Shop Department store
A department store located within the showrooms strip overlooking Sheikh Mohammed Bin Zayed Road, offers another great shopping experience to the residents and workers within the community.
Commercial Centers for Staff Accommodations
These are well equipped to meet the day-to-day necessities of workers staying at the labour camps. From grocery shops to money exchanges, departmental stores to hair salons and laundry shops all are located within walking distance of the camps providing the ultimate convenience to all in the vicinity.
Hotels and Furnished Apartments
Being a leading business destination, DIP is an ideal location for hotel development. In keeping with its strategy to provide the highest level of infrastructure facilities and services and to help meet the ever-increasing demand for quality hotel accommodations in the area, DIP has eight dedicated plots for hotel development. So far two of the world's leading hotel brands - Marriott and Premier Inn - are already present in DIP. In the coming months, a broad selection of hotels by the best international brands, catering to different market segments, will be available in the complex for both business and leisure travelers. 3 operational Hotels with 3 more near completion and 5 more under construction.
Safety and Security
Being a world-class mixed-use socially-responsible development, DIP is strongly committed to providing its tenants and residents with the very best facilities while ensuring that it complies with all safety regulations set down by the local authorities. As part of the security outlay, ample CCTV cameras and moving PTC cameras have been installed across the facility.
There is a dedicated Police Post located at the DIP premises. Linked to the Jebel Ali General Station, which is linked to the Dubai Police General Headquarters, the DIP Police Post ensures the safety of DIP tenants and residents. The post's work embraces follow-ups, traffic safety, attending to small accidents and other issues related to everyday life.
In addition, there are security personnel and vehicles manning and patrolling the entire area. The facilities management department in DIP is directly involved with the area's security. A 24-hour security hotline specifically for DIP can be accessed for all security-related concerns. Public safety features include a permanently-based fire engine and ambulance, strategically located speed humps and latest wireless communication systems to facilitate faster response and co-ordination by DIP authorities to any situation.
Dubai Investments Park offers healthcare facilities for residents providing general medical services. There are other facilities under construction which would be ready in the coming months. The nearest private hospital in DIP is NMC Hospital. The nearest around DIP is Cedars - Jebel Ali International Hospital in JAFZA. The closest government Hospital is Rashid Hospital located in Garhoud. Like the rest of the city, hospital ambulances patrol the area, so in case of an emergency these can get to you in minutes.
Selling Price: AED 135 Million
"Exclusive of Agency fee and Transfer fee"