Property details: Land Area: 52,616 sq ft Built-up Area: 315,696 sq ft Built-up and Car Parking Area: 410,406 sq ft Number of Floors: 3 Basements + Ground + 24 floors License: 5 Stars Hotel Number of Rooms: 442 Double Rooms + 52 Suites + Chain of Restaurants, Cafes, Shops, Ballrooms, Conference Halls. All requirements of Dubai Tourism Dept, Municipality, Empower, DEWA, Civil Defense, Civil Aviation and all Govt Depts. Completed excavation and piling permit is ready
Option 1: Owner wants to sell for his cost price of AED 2,176/sqft land area with a total price of AED 114,500,000. All of the original supporting documents from the Lands Dept are available. Option 2: The owner is also interested in forming a joint venture to develop the plot. By investing AED 8 million every month for 10 months the investor will be 50:50 partner. The investor after completion in 14-max 18 months can decide either to sale or to rent. The income will be shared equally. Owner is also ready for any design or usage change to residential, commercial, or mixed-use according to the interested party's desire. Please note that the total cost of the 5 stars hotel will be AED 650/sqft and the price cannot be any cheaper since the sole owner is also the contractor doing most of the subcontracting works - these are his bare cost. His own contracting companies including the entire labor workforce of all engineers, foremen and labors with 27 years of experience are performing the following works and more: - Steel and shuttering - Sub and super structure - Block and plaster - Mechanical, electrical & plumbing - Air conditioning - Fire fighting - Glass and aluminum - Wood and furniture - IT and networking Please feel free to contact me for further information one this rare opportunity. Regards Dagmar +971 50 1551609 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "UAE FREEHOLD" group. To post to this group, send email to uae-freehold@googlegroups.com To unsubscribe from this group, send email to uae-freehold+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/uae-freehold?hl=en -~----------~----~----~----~------~----~------~--~---
