Vacant Warehouse in Dubai Investment Park on a 76,130 sq ft Plot at 10.7% Below OP

Property Overview

This is a warehouse in Dubai Investment Park (DIP) offered at AED 24,100,000. It has 47,500 sq ft of built-up area on a 76,130 sq ft plot and is priced AED 2,900,000 (10.7%) below the seller's stated original purchase price of AED 27,000,000. The agent states it is vacant and available immediately, and that renovation is required.

Property Highlights

• Asking price: AED 24,100,000
• Original purchase price (agent-stated): AED 27,000,000
• Saving vs OP: AED 2,900,000 (10.7%)
• Built-up area: 47,500 sq ft
• Plot size: 76,130 sq ft
• Rate: approx. AED 507 per sq ft of BUA, or AED 317 per sq ft of plot
• Occupancy: vacant, available immediately (agent-stated)
• Condition: renovation required (agent-stated)

Why the Price Qualifies as Below OP

The agent brief states an original purchase price of AED 27,000,000 and an asking price of AED 24,100,000. The difference is AED 2,900,000, which is 10.7% of the original price. At the asking price the warehouse works out at about AED 507 per sq ft of built-up area, compared with about AED 568 per sq ft at the original price.

The agent notes that renovation is required, so buyers should budget for refurbishment when weighing the discount. The comparison is against the seller's own purchase price only and is not a claim that the warehouse is below current market value. Buyers should confirm the original price against the title deed or sale contract.

About Dubai Investment Park

Dubai Investment Park is a mixed-use business and industrial district combining an industrial zone for light and medium industry, a commercial zone for offices, showrooms and retail, and a residential community. It sits near the Jebel Ali Industrial Area at the junction of Sheikh Mohammed Bin Zayed Road and Jebel Ali–Al Habab Road.

Building and Plot

The agent supplied a built-up area of 47,500 sq ft on a plot of 76,130 sq ft, leaving substantial open plot area for yard, loading or parking use, subject to the plot's permitted use. Eave height, power load, loading bays, office and staff accommodation, mezzanines, permitted activities and the scope of renovation required were not supplied.

Occupancy, Condition and Transfer

The agent states the warehouse is vacant and available immediately but needs renovation. Buyers should commission a building condition survey, confirm civil defence and authority approvals are current, and check the permitted use, any land-lease or service charge obligations and any mortgage on the title before agreeing terms.

Verification Notes

• Agent-supplied: property type, BUA, plot, original price, asking price, price reduction, vacancy and renovation requirement.
• Calculated by DPF: AED 2,900,000 saving, 10.7% below OP, AED 507 per sq ft of BUA and AED 317 per sq ft of plot.
• External research: DIP zoning and road location from a secondary area guide.
• Not yet supplied: DIP phase, eave height, power load, loading bays, permitted use, renovation scope, service charges and photographs.