Dubai, U.A.EThe Kabani Hotel Group is pleased to present the Deira Islands Vacant Land. The subject
property is a vacant plot of land, plot no. DIB-WE-1062, Deira Islands, Dubai, U.A.E. Dubai
is situated on the Arabian Gulf coast of the United Arab Emirates. The Emirate of Dubai
shares borders with Abu Dhabi in the south, Sharjah in the northeast and the Sultanate of
Oman in the southeast. The Arabian Gulf borders the western coast of the Emirate.
The property is located within a freehold mixed-use master development that is currently
undeveloped and under construction. It can be approached either from Al Khaleej Road
or from Abu Hail Road (D91). The surrounding communities and landmarks include Al
Mamzar, Al Baraha, Al Wuheida, Hamriya Port and Dubai Hospital. The roads are inaccessible
with ingress and egress of vehicles obstructed. Dubai International Airport lies approximately
12 km away from the subject property whereas Al Maktoum International Airport
lies approximately 68 km away from the same. Palm Deira Metro Station lies approximately
7 km away from the master development.
Several luxury hotels are in the process of building in neighboring plots. Seller estimates
a cost of around 11,100,000 USD or 40,525,000 Dirhams for a new Four Star Hotel. This
assumes a generous construction and furnishing cost of about 122 USD or 450 Dirhams per
square foot. Dubai’s policies provide exclusive F&B rights to Hotels, one of them being only
Hotels have the rights to serve alcohol in their facilities, creating highly profitable centers of
attraction.
Address
Price$7,600,000
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Ahmed Kabani