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FAQ's

Friday, November 21, 2008
 
Who are Schön Properties?
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Where & what is Dubai Investment Park (DIP)?
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What is Schön Business Park?
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Where is Schon Business Park?
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What does SPB include?
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What is the total number of offices?
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What is the total # of retail outlets?
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What is a Shell and Core office at Schon Business Park?
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Is Schön Business Park leasehold?
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Is sub-leasing allowed?
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Why should I invest in Schön Business Park?
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What kind of license does a company need to operate in DIP?
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What are the payment terms?
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When is the Schon Business Park Handover Date?
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How much are the maintenance fees?
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How do I get my Detailed Commercial Lease Agreement?
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How do I get in touch with Administration of Schon Properties?
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Where do I make my payments?
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Who are Schön Properties?
Schon Properties is an established holding company that has several real estate projects underway in the UAE, including Schön Business Park, a state – of – the art office development and Dubai Lagoon, a residential apartment community, both located in Dubai Investment Park.
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Where & what is Dubai Investment Park (DIP)?
Dubai Investment Park is located approximately 5 km from the upcoming Jebel Ali International Airport and with quick access to the motorways and Jebel Ali Port. A staggering Dhs. 5 billion has already been invested into the Park, making it one of the premier locations within the Middle East. The Park is fully self- supporting, with power and water supplies as well as other state-of-the-art amenities and services; an environmentally-friendly mixed use and self-contained city, which combines industrial, business, residential and recreational areas spread over 32,000 hectare site.
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What is Schön Business Park?
The SBP project is a timely response to growing demand for flexible, location-conscious and cost-effective office space in new Dubai. It is a unique complex of self-contained and versatile units, sharing high-tech facilities and retail space. The structure itself comprises of ground plus three levels. The ground level is primarily retail and the remaining floors are all shell and core offices.
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Where is Schon Business Park?
Schon Business Park is located in Dubai Investments Park (DIP).
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What does SPB include?
Food and Retail Shopping on the Ground floor.
Shell and Core offices on the first, second & third floor.
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What is the total number of offices?
A total of 296 (Shell & Core) offices covering an approximate total area of 531,603 square feet.
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What is the total # of retail outlets?
There is a total of 137 outlets covering an approximate total area of 144,375 square feet.
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What is a Shell and Core office at Schon Business Park?
Shell and core means the bare Unit shell that will be let to the tenant, stripped back to bare concrete and devoid of any partitioning, fixtures and fittings, but includes all of the Mechanical, Electrical and Plumbing installations originally provided by the Landlord. This is the same condition that the Unit has to be returned to the Landlord at the end of the agreed tenancy period. This gives the tenant the opportunity to provide or subcontract the necessary finishing and decorations
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Is Schön Business Park leasehold?
It is leasehold for a 60 year possession period.
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Is sub-leasing allowed?
Yes, any tenant has the right to sublease the whole or part of their leased unit. There is no transfer fee for the first time sublease i.e. prior to possession. Every sublease interest sold thereafter prior to possession is subject to a transfer fee of 2% of the annual periodic rent, to be paid to Dubai Investment Park via Schon Properties. Post Possession the transfer fee payable is 5% of the annual periodic rent to be paid to Dubai Investments Park. Please make note, all transfers have to be processed through the Developers Office.
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Why should I invest in Schön Business Park?
Schön Business Park is ideal for an investment, whereby space can be leased and then subleased further. It is also ideal for businesses who wish to own their own premises, as Schon Business Park offers complete flexibility, competitive prices and state-of-the-art facilities and amenities.
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What kind of license does a company need to operate in DIP?
To operate in DIP one does not require a specific trade license and can operate under any of the commercial trade licenses issued in UAE. Examples are Dubai Economic Department, Jebel Ali Free Zone Authority, and Dubai Airport Free Zone Authority etc.
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What are the payment terms?

Deposit and 1st Installment

25%

Initial Deposit

2nd Installment

25%

1 year from Initial deposit

3rd Installment

50%

On Handover
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When is the Schon Business Park Handover Date?
The Handover Date is sometime during the second quarter, which is either a date in 2nd quarter of 2009 or latest by 30th June 2009.
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How much are the maintenance fees?
The Landlord is responsible for maintaining all common or Shared Facilities in the Park, which includes all street lighting, utilities, roads, sidewalks, common areas and landscaping of common areas, and common or public circulation spaces in the Office Building. In consideration thereof, the Tenant agrees to pay an annual Service Charge in UAE Dirham’s which is a charge assessed on a per square foot per year rate, based on the net leased area of the Tenant’s Unit Area according to the ratio which the area of the Leased Premises bears to the total area of the premises available for lease in the Park. The Service Charge is to be paid in full, yearly in advance. Approximately AED 15 per square foot.
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How do I get my Detailed Commercial Lease Agreement?
Please get in touch with the Administration of Schon Properties to request for this document. Also, make note, it is available for review upon request.
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How do I get in touch with Administration of Schon Properties?
They can be contacted on 800 SCHON (72466) and ask to be connected to Sales Administration Department. If you are dialing from overseas, please contact them on +9714-3219501.
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Where do I make my payments?
At the Finance office, located on Sheik Zayed Road, Saeed Tower 2, 25th Floor.

Or at our Sales Office located at the Murooj Rotana Complex and Hotel. Or Bank Details are as follows:


Account Name

Schon Properties Ltd.

Bank Account No.

01 6070442 01

Swift Code

SCB LAE AED XXX

Bank Name

Standard Chartered

Bank Branch

Main Branch

Bank Address

Mankhool Road P.O.Box 999, Dubai, UAE

 
 
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