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Offer Letter

This document is an offer for a warehouse located in Al Quoz, Dubai, with a total area of 8,522 square feet and an annual rent of AED 553,930 plus additional taxes and fees. The lease terms include a 2-year contract with a 2-month fit-out period, a non-refundable security deposit of AED 56,000, and various responsibilities for the tenant regarding utilities and modifications. The offer is subject to contract and availability, requiring the tenant to provide specific documentation before signing the lease agreement.

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69 views

Offer Letter

This document is an offer for a warehouse located in Al Quoz, Dubai, with a total area of 8,522 square feet and an annual rent of AED 553,930 plus additional taxes and fees. The lease terms include a 2-year contract with a 2-month fit-out period, a non-refundable security deposit of AED 56,000, and various responsibilities for the tenant regarding utilities and modifications. The offer is subject to contract and availability, requiring the tenant to provide specific documentation before signing the lease agreement.

Uploaded by

cameliawebshop
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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To: Date: 2024

Dubai, UAE

In response to your inquiry and with due respect we submit this offer of warehouse in plot no 3650287 –
Al Quoz for your kind consideration and approval.

Property Name : Euro Gulf General Warehousing LLC – Al Quoz.

Warehouse Reference : Unit No. 32 & 33 (Electrical capacity 30 KW Only for Each Warehouse)

Area : Total area for Warehouse 32 & 33 – 8,522 Square feet


Annual Rent : Rent per annum: AED 553,930/- + 20% DREC Tax on the total rent + VAT on rent
& DREC Tax + 2% Management fees on total rent (At 65 per square feet)
Security Deposit : AED: 56,000/-.

Booking Deposit : 1. Security Deposit Required to hold the unit.


2. All rental amount chqs. To be submitted prior to signing the
Lease agreement.
Payment Term : Total tenure of the contract 2 years + 2 Months Fit out period.-
Installments: 4 cheques per annum.
Management fees : 2% of the total rent for both the first and all subsequent years + VAT.
Maintenance : The owner is only responsible for the Structural Maintenance.

Utilities, Sublease Charges, VAT, and/or any other government charges &
Tenant Pay’s : Service Charges to be paid by Tenant.
1. Provisions for offices are provided but to be constructed by the tenant
on their cost.
2. NOC to be secured from Owner before any modification and additions
in the warehouse.
Other Terms & conditions : 3. The 10% security deposit is Non-Refundable if the tenant fails to
execute the lease agreement.
4. DEWA meter approvals & installation will be the responsibility of the
Tenant.
5. The tenant confirms that they have thoroughly conducted all requisite
inquiries with all the relevant local governing authorities and
confirmed the permissibility of their planned business activity on the
premises before proceeding with payment of the non-refundable
booking amount.
Please provide the following details before signing the lease agreement
1. Customer profile in UAE if not available then internationally
2. Bank Statement UAE or International.
3. UAE trade license
4. Power Requirement
5. Previous Rental History (Existing Landlord Local or Intl).
6. Business Insurance to be provided after signing Lease agreement.
7. Business Model & Expansion plan if the Tenant is establishing the company 1st time in UAE.
8. References in UAE.
9. Initial application enclosed with this offer letter.

Please note that Terms of this offer are ‘subject to contract’ & ‘availability’.

To reserve the unit, the tenant must remit a non-refundable deposit amount of AED 56,000/- to the
Landlord's designated bank account, as specified in the attached bank account detail information below
and affection plan. Additionally, the tenant is required to sign, stamp the offer letter and return it back
to the Landlord.

EURO GULF GENERAL WAREHOUSING LLC

Thanking you,

Acceptance of Offer:
Best Regards.

Bhavesh Chhablani Tenant Signature & Stamp


Properties Manager – Warehousing Division

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