|
Type of property |
Location of Industrial Park |
Lease/ Rent Rates |
Remarks |
|
Land- Free zone & non free zone |
Al Ghail |
Dh 12 /sqm/yr |
Min plot size- 5000sqm. The land is given on long term lease basis Initially for 25 yrs but subsequently to be leased for similar period, the lease rent is paid annually. The first revision will be in the 6th year from the date of the lease contract @ 25% of the base annual rent. The Second revision will be in the 11th year from the date of the contract, the rent shall be reviewed and fixed as per prevailing land rentals of RAK Investment Authority at that time. However such increase shall not exceed 100% of the lease rental applicable for the 6th to 10th year of the lease. Thereafter the rent shall be fixed and reviewed as per the prevailing market condition.
All utility charges like water & electricity to be paid by client |
|
Al Hamra |
Dh 20 /sqm/yr |
|
Warehouse/ Light Industrial Units |
Al Hamra |
Dh 200 /sqm/yr |
Rate includes service charges of Dh 15/sqm/yr .The lease term will be initially for two years, renewable after every two years with 15% increase in lease rent with 2 months notice period. All utility charges like water & electricity to be paid by client. |
|
Khor port |
Dh 240 /sqm/yr |
Water front near Khor port in the RAK city. The lease term will be initially for two years, renewable after every two years with 15% increase in lease rent with 2 months notice period. All utility charges like water & electricity to be paid by client. |
|
Office space |
Al Hamra |
Dh 70 /sq ft/yr |
Rate includes service charges of Dh 15/sft/yr. The lease term is initially for two years, renewable yearly with 2 months notice period. Water, electricity and air-conditioning to be paid by occupant. All utility charges like water & electricity to be paid by client |
|
Labour Accommodations |
Al Hamra |
Dh 1600 / room/month |
Area around 30 sqm which can accommodate 8 persons per room. The lease term is initially for two years, renewable after every two years with 15% increase in lease rent with 2 months notice period All utility charges like water & electricity to be paid by client + (5% monthly maintenance charges) |
|
Commercial centre |
Al Hamra |
Dh85/sq ft/yr |
Rate includes service charges of Dh 15/sqm/yr. The lease term is initially for two years, renewable after every two years with 15% increase in lease rent with 2 months notice period. All utility charges like water & electricity to be paid by client |
|
Executive Residences (Studio flats) |
Al Hamra |
Dh 20000/Flat/year |
Area around 38 sqm. The lease term will be initially for two years, renewable after every year with 10% to 15% increase in lease rent with 2 months notice period. All utility charges like water & electricity to be paid by client |