Our Car Park Investment is part of our Income Generating Asset (IGA) range of products. It is a commercial real estate turnkey investment guaranteed to return high and stable yields along with sustained capital growth.
Our parking facility is part of a commercial business tower in Dubai’s new business zone ‘Business Bay’ which is currently undergoing a $30 billion development that will comprise of residential, commercial, and retail units that will accommodate over 300,000 people upon completion. The car parking facility services the building and allocates spaces to tenants.
A report carried out by Colliers International on 147 global Central Business District (CBD) parking rates states the huge growth potential of parking rates in a Dubai CBD. A year on year comparison of median rates shows that in 2008 Dubai’s monthly average parking cost was at $198.48 and in 2009 rose to $240 – demonstrating a huge 20% rise in just one year.
Dubai is still almost half the price for car parking costs compared to cities such as Oslo, Perth, Stockholm and Copenhagen, and that Dubai will catch up these cities and at least equal their pricing structures heading towards the $1,000 per month cost sooner rather than later.
Covered / underground parking facilities in Dubai are in strong demand due to the extreme humidity and heat, and the high concentration of cars as the main mode of transportation in the
City necessitates their investment appeal.
Our Car Park Investment Exclusive provides an income investing opportunity in a built and fully-functional car park facility that only has 20% parking provision in relation to the building’s tenant capacity, indicating supply for parking in the city is not meeting the current demand.
Car Parks are a low entry level proposition for investors, presenting a more affordable commercial real estate investment opportunity.
Here is a new UK Car Park Investment – to download the exclusive investor report, click here or on the image below.