Warehouse in Dubai Investment Park, Vacant, Renovation Required, Agent-Labelled Distress

Property Overview

A warehouse in Dubai Investment Park offered at AED 24,000,000. The property has 47,500 sqft of built-up area on a 76,130 sqft plot. It is vacant and requires renovation. The agent describes this as a distress sale and an investment opportunity. No original purchase price or quantified market benchmark has been supplied.

Property Details

• Type: warehouse
• Built-up area: 47,500 sqft
• Plot size: 76,130 sqft
• Asking price: AED 24,000,000
• Rate: AED 505 per sqft (based on BUA)
• Status: vacant, renovation required
• Tenure: not specified (buyer to verify)

Agent's Distress Characterisation

The agent labels this as a distress sale without supplying a specific original purchase price, market valuation or comparable transaction to quantify the discount. The listing is presented as an investment opportunity. The combination of vacancy and renovation requirements may indicate an owner seeking a quick exit. Buyers should independently assess whether the asking price reflects a genuine discount after accounting for renovation costs.

Market Comparables

Warehouse sale listings on Bayut for Dubai Investment Park as of October 2026 show the following comparable properties:

• 46,779 sqft BUA on 63,436 sqft plot: AED 20,000,000 (AED 428 per sqft), currently rented and generating income, DIP 2
• 45,000 sqft BUA on 85,000 sqft plot: AED 23,000,000 (AED 511 per sqft), vacant with 12-metre clear height and 1,000 kW power, DIP 2
• 46,101 sqft standalone corner unit: AED 25,000,000 (AED 542 per sqft), high visibility position, DIP 2
• 83,958 sqft BUA: AED 42,000,000 (AED 500 per sqft), vacant with 1,900 kW power, DIP 2

The asking rate of AED 505 per sqft sits in the middle of the range for DIP warehouses of comparable size. The 46,779 sqft warehouse listed at AED 20,000,000 has a smaller plot (63,436 sqft versus 76,130 sqft) and is currently rented, which may justify a different pricing basis. The 45,000 sqft warehouse at AED 23,000,000 on a larger plot (85,000 sqft) is close in price but is described as being in operational condition.

Bayut market data indicates a 25% increase in DIP warehouse asking prices over the past six months and an average expected ROI of 13.41%. However, only 7 warehouse sale transactions were recorded in the past 12 months across all of DIP, with an average transaction price of AED 4,674,662, suggesting most recorded transactions involve smaller units. Large warehouse transactions are infrequent and comparable DLD data is limited.

Renovation Considerations

The agent states this warehouse requires renovation. The total acquisition cost should factor in both the AED 24,000,000 asking price and the renovation budget. Warehouse renovation in DIP can vary significantly depending on scope: structural repairs, roofing, flooring, electrical upgrades, insulation and fire safety compliance. Buyers should arrange a site inspection and obtain contractor estimates before finalising the purchase to determine the all-in cost.

About Dubai Investment Park

Dubai Investment Park is a mixed-use master-planned community developed by Dubai Investments PJSC, spanning approximately 2,300 hectares. The development hosts over 4,200 companies and a population of approximately 160,000 residents and workforce members. Major occupants include Pepsi, Agility, M.H. Al Shaya and Larsen and Toubro.

The community is divided into DIP 1 and DIP 2, with infrastructure including paved road networks, district cooling, utilities and sewerage systems backed by over AED 3.5 billion of infrastructure investment. DIP offers direct access to Sheikh Mohammed Bin Zayed Road (E311) and is positioned near Jebel Ali Port and Al Maktoum International Airport, making it a logistics and distribution hub.

Community amenities include OSR Mall for retail and dining, medical clinics, educational facilities and nurseries.

Tenure and Due Diligence

The agent brief does not specify whether this warehouse is freehold or leasehold. Dubai Investment Park includes both tenure types. A comparable Property Finder listing for a warehouse of similar plot size (76,128 sqft) in DIP 2 was listed on government leasehold expiring in 2037, demonstrating that leasehold arrangements exist for properties of this size in the community. The remaining lease term significantly affects valuation for leasehold properties. Buyers must verify the tenure type, remaining lease term (if applicable), power allocation, zoning permissions and any outstanding service charges or fees with the Dubai Land Department and DIP management before proceeding.

Verification Notes

• The agent labels this as a distress sale but has not supplied an original purchase price, a dated market valuation or a specific comparable transaction as evidence. The distress characterisation is unverified.
• No savings amount or percentage has been calculated because no benchmark has been provided.
• Comparable listings in DIP for warehouses of similar built-up area range from AED 20,000,000 to AED 25,000,000, placing the asking of AED 24,000,000 within the market range before accounting for the renovation requirement.
• DLD transaction data for large DIP warehouses is limited. Bayut reports only 7 warehouse transactions in 12 months across all of DIP.
• Tenure type (freehold or leasehold) is not stated and must be verified. A leasehold expiring in 2037 would leave approximately 11 years on the lease, which materially affects valuation.
• The renovation scope and cost are not quantified. The total investment may exceed the asking price by a significant margin depending on the condition of the structure.
• Power allocation, loading capacity, clear height and office space within the warehouse are not specified in the agent brief.
• DIP subcommunity (DIP 1 or DIP 2) is not specified.