This is a new car park investment, income generating asset, just launched by Experience International. Investors buy individual ‘Car Parking Spaces which are then leased back to an established car park management company that manages and rents the ‘parking space on the investors behalf. In return investors are rewarded with an initial 4 years guaranteed income renewable for an additional 4 years. Net yields are 10.00% in the first two years, 10.46% in year 3 and 11.00% in year 4 and are anticipated to surpass 12.00% by year 5.
This car park investment is part of an income generating asset (IGA) delection of products. It is a commercial real estate turnkey investment with guaranteed high and stable yields along with sustained capital growth.
Our parking facility is part of a commercial office tower in Dubais new business zone ‘Business Bay which is having a $30 billion US dollar development that will be mixed use residential, commercial, and retail units that will accommodate over 300,000 people upon completion. The car parking investment facility services the building and provides spaces to companies and employees in the building.
A Colliers International report on 147 global CBDs (Central Business Districts) rates for parking states the huge potential growth of parking rates in a Dubai CBD. A year on year comparison of median rates shows that in 2008 Dubais monthly average parking cost was at $198.48 and in 2009 rose to $240 demonstrating a large 20% rise in just 1 year.
At the moment in Dubai it is about 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 should at least equal their pricing structures heading towards the $1,000 per month mark in the near future.
Covered / underground parking spaces in Dubai are in strong demand because of the hot climate and a carbeing the most common mode of transportation in the City which ensures car parks are essential and necessitates their investment appeal.
This Exclusive offers an income investing opportunity in a built and in operation car park facility for a business tower which has 80% more office space than the car park can actually provide, basically only 20% parking provision in relation to the buildings tenant capacity, indicating supply for parking in the business district cannot meet the strong demand.
Car Parks are a low entry level option for investors, offering a more affordable commercial real estate investment opportunity to make 10.00%+ yields per year guaranteed. Click here to access the exclusive report.