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A New Place To Park Your Money - Car Park Investment
According to the International Parking Institute, the parking industry generated more than $20 billion annually in gross parking revenues, making car park investment an attractive option for those looking for a new way to invest. Like all commercial property opportunities, the location is key to the success of a car park investment, therefore the astute investor must search for an area where the demand for parking spaces is higher than the current supply.
Due to its fast rate of expansion, Dubai is a great example of a city where parking spaces have fallen short of demand.
With the average parking cost in Dubai increasing by 20% to $240 in 2009 alone, Colliers International has predicted that prices will continue to rise similar to other business hubs such as Oslo, Perth and Stockholm, all of which command $1,000 per month for parking.
A general lack of accessible parking spaces alongside the continual development of high-rise buildings without underground parking facilities has further heightened the problem, with many developers now searching for areas to establish car park investments in Dubai.
The countrys extreme humidity and heat exacerbates this issue which has created a demand for covered or underground parking and, as around 91% of UAE residents use private transportation according to a recent Regus survey, the need for parking spaces is clear.
To meet the demand for parking spaces in Dubai, Experience International has exclusively launched its first car park investment.
Car parks are a low entry level proposition for investors, presenting a more affordable commercial real estate investment opportunity, MD of Experience International, Steven Worboys states. Our exclusive Dubai car park investment is guaranteed to deliver 10% NET yields per annum for the first two years, rising to 12% by Year 5.
Situated in Dubais CBD, Business Bay, this exclusive car park investment will meet the demand for parking from both commuters and residents. With the $30 billion planned development of the area to become a city within a city, specialists have forecasted that the population of Business Bay will surpass the 300,000 mark, with the majority of employers, employees and residents in need of parking facilities.
A UK exclusive to the London-based investment company, a 25.71% below RICS valuation, pre-launch price is currently available for a limited period, which will enable investors to purchase car parking spaces from 26,000 (minimum purchase of 2 spaces, sold on a 99 year lease).
With a low deposit of just 495 per car parking space upon reservation, investors can secure a guaranteed rental income for 4 years.
With the average parking cost in Dubai increasing by 20% to $240 in 2009 alone, Colliers International has predicted that prices will continue to rise similar to other business hubs such as Oslo, Perth and Stockholm, all of which command $1,000 per month for parking.
A general lack of accessible parking spaces alongside the continual development of high-rise buildings without underground parking facilities has further heightened the problem, with many developers now searching for areas to establish car park investments in Dubai.
The countrys extreme humidity and heat exacerbates this issue which has created a demand for covered or underground parking and, as around 91% of UAE residents use private transportation according to a recent Regus survey, the need for parking spaces is clear.
To meet the demand for parking spaces in Dubai, Experience International has exclusively launched its first car park investment.
Car parks are a low entry level proposition for investors, presenting a more affordable commercial real estate investment opportunity, MD of Experience International, Steven Worboys states. Our exclusive Dubai car park investment is guaranteed to deliver 10% NET yields per annum for the first two years, rising to 12% by Year 5.
Situated in Dubais CBD, Business Bay, this exclusive car park investment will meet the demand for parking from both commuters and residents. With the $30 billion planned development of the area to become a city within a city, specialists have forecasted that the population of Business Bay will surpass the 300,000 mark, with the majority of employers, employees and residents in need of parking facilities.
A UK exclusive to the London-based investment company, a 25.71% below RICS valuation, pre-launch price is currently available for a limited period, which will enable investors to purchase car parking spaces from 26,000 (minimum purchase of 2 spaces, sold on a 99 year lease).
With a low deposit of just 495 per car parking space upon reservation, investors can secure a guaranteed rental income for 4 years.
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