LEASE- Warehouses

<ul><li>Light Industrial Units no. 8 - Lease</li><li>DIP 2 , Plot No. 111, Mun No. 597-4899</li><li>Land Use: Middle Industrial</li><li>Authorized : Ground + Mezzanine</li><li>Total Area 46,177.18 sq. ft. </li><li>The property is sold without equipment</li><li>The property Contains of 6 Warehouses and is currently sold only Lease under Lease Contract Expires on 31 Jan 2098. </li><li>The annual rental value for DIP is calculated based on the land area, as stated in DIP’s response. Please see the attached clarification. </li><li>Rented</li><li>Please see the attached report of the Rent details received from RERA</li><li>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. </li><li>The buyer bears the Property Developer’s fees from the date Of registering the Title Deed in his name</li><li>Recent decisions of the Dubai Courts apply in terms of accepting or rejecting offers of the bidders</li><li>Your participation in the auction is an acknowledgment of the property legal and physical conditions</li></ul>