Hotly debated by those looking for an alternative investment, car park assets have been highlighted as a strong investment by the International Parking Institute who has stated that the parking industry produced more than $20 billion annually in gross parking revenues.

Those looking for a good car park asset must focus on the location of the investment, focusing on areas where the demand for parking spaces outstrips the available supply.

The city of Dubai is an ideal location for anyone looking to expand their investment portfolio to include a car park asset as it is well-known lack of parking due to the city’s explosive expansion.

With over 91% of UAE residents opting to use private transport rather than public according to a recent Regus survey, drivers are willing to pay a premium for spaces.

According to Colliers International, the price of parking saw a 20% rise to $250 in 2009, and the company expects that the cost of parking will spiral to level similar to those in Oslo, Perth and Stockholm – where spaces can command up to $1,000 per month for parking

The country’s 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.

Dubai stands out as an ideal location for those looking to obtain a car park asset, which is one of the reasons behind London-based investment house, Experience International’s launch of a new 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 Dubai’s 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.

Exclusive to the London-based investment house, Experience International can offer each car parking space for 26,000 (minimum purchase of 2 spaces). This pre-launch price is 25.71% below the recent RICS valuation of 35,000.

With deposits from as low as 495 per car parking space upon reservation, investors can secure a guaranteed rental income for four years in this unique car park investment.

For more information about car park investment or to reserve a unit, please contact Experience International on 0207 321 5858 or email enquiries@experience-international.co.uk.

Conducting research? Make sure you download Experience International’s free investment guide.. Check here for free reprint license: Unprecedented Growth of Business Bay ‘city within a city’ and Lack of Parking Leads to Exclusive high-yielding Car Park Investment.