Selling a share in Labor Camp - Lease
Dubai Investment Park First
Land no.107, Mun 598-567
Land Use: Labor Accommodation
Authorized : G + 4 Floors
FAR : 3.0
GFA:92,322.50 sq ft
Property sold unfurnished

Shares Sales 15,387.03 Area sq. ft.(From Total Area of 30,774 sq. ft. )
The price of 5,500,006 AED Listed in the auction is just for the share part

The Building Details are as follows:
Ground+ 2 Floors
The Ground Floor Includes: 19 rooms
From 1st to 2nd Includes each flloor : 52 rooms

Rented
Viewing is not Available
Please see the attached report of rents

In respect of claims relating refund Of the rent or vacancy of the property The New Owner (the winner of the auction) Must file a case with the competent authority Settlement Committee, to evict the occupants of the property and recover the rental value. and the buyer must notify the tenant by the Notary Public that he is the new owner of the property. and that Emirates Auction and/or Dubai Courts bear no responsibility.

Note1 :
The property has one lease Deed Shared with the other owners for the same Property

Note2 :
The property share shall be sold in common, Emirates Auction will not be responsible for Handing over the shares to the buyer, and the buyer shall follow the required legal procedures in this regard

Note 3:
The property is currently sold only for Lease under r Lease Contract Expires on 13 April 2028.

Note 2:
The bidding requirements Terms is that the buyer must be a citizen holding the nationality of the UAE Or a company with a branch in the UAE.

Recent decisions of the Dubai Courts apply in terms of accepting or rejecting offers of the bidders

Your participation in the auction is an acknowledgment of the property legal and physical conditions

For more details or to participate in the auction please call us at 600545454 available 24 hours.

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