Commercial Building - Lease

Type

Commercial Building

Purpose

Sale

Furnishing

Unfurnished

Updated

17th July 2026

Completion Status

Ready

Commercial Building - Lease
Land no.654, Muhaisanah Second Area
Municipality 264-5031
Land uses: (8) commercial shops
Currently build : 3 shops
Authorized : G + M
Plot Area 2354 sq. ft.
The property is sold without equipment or movable

Viewing is not Available
RENTED
Shop No.1:
The Property Occupied By A tenant Without a Registration Tenancy Contract & Last registered contract end 28 Feb 2026 Rent Value 51,428.57 AED / per Year

Shop No.2:
The Property Occupied By A tenant Without a Registration Tenancy Contract & Last registered contract end 17 Sep 2025 Rent Value 50,000. AED / per Year

Shop No.3:
The Property Occupied By A tenant Without a Registration Tenancy Contract & Last registered contract end 30 Nov 2025 Rent Value 60,000.AED / per Year

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.

Note 1:
The Selling on this land only Lease from Dubai Real Estate Corporation With a lease contract that is renewed annually and extends the lease period current from 03 Oct 2025 to 02 Oct 2026 rent Value 14,124 AED / per Year

Note 2:
A lease contract on the plot will be signed with Dubai Real Estate Corporation with a new rental allowance to be determined according to the rental allowances approved by them

Note 3:
Conditions for transferring the lease contract to a new tenant:
- A valid trade license is required, and the business must operate only as commercial shops.
- The lease will be signed at a rent of AED 6 per square foot if a UAE or GCC national owns 51% of the trade license. Otherwise, the rent will be AED 15 per square foot.
- Payment of the lease contract transfer fee of AED 50,000

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 available 24 hours.

Posted on: 17th July 2026