Own a piece of Dubai's thriving hospitality market with this well-established hotel apartment building. This property boasts a prime location, a diverse mix of unit types, and a range of sought-after amenities, presenting an excellent opportunity for investors seeking high returns and steady income.

Key features:
*101 spacious and well-appointed hotel apartments: Studios, 1-bedroom, and 2-bedroom configurations cater to various guest needs.
*Prime location: Situated in Dubai, offering easy access to key attractions and amenities.
*Diverse unit mix: Studios (67 units), Superior 1-bedroom apartments (33 units), and a
Superior 2-bedroom apartment.
*Studios: Available in both Classic and Superior options, offering comfortable living spaces ranging from 41 sqm (441.32 sq. ft).
*Superior 1-bedroom apartments: Spacious units measuring 75 sqm (8019.11 sq. ft), ideal for
longer stays or families.
*Superior 2-bedroom apartment: Luxurious unit spanning 116 sqm (1248.61 sq. ft), perfect for larger groups or discerning travellers.
*On-site restaurant: Provides convenient dining options for residents and guests.
* Ample parking: 98 car parking spaces available.
*Residents and guests can enjoy a collection of excellent amenities:

Other Facilities :
*Outdoor swimming pool for a refreshing escape.
*State-of-the-art fitness center to stay active and energized.
*Relaxing steam and sauna rooms to unwind and rejuvenate.
*Facilities for disabled guests ensuring inclusivity and accessibility.
*Free Wi-Fi throughout the property for seamless connectivity.

Leasing Price : AED 18,000,000

Investment Highlights:
*Established lease agreement: The property is leased for 15 years, with one year completed and the option for renewal and extension upon expiry.
*Attractive annual rent: AED 3,750,000 provides a compelling return on investment.
*Exceptional occupancy rates: The property boasts a remarkable 90% occupancy rate throughout the year.
*Strong rental income potential: Studios: AED 300-800/day, 1-bedroom apartments: AED 500-950/day, 2-bedroom apartment: AED 750-1400/day (depending on the season).
*This property presents a unique opportunity to invest in Dubai's dynamic hospitality sector and secure a lucrative source of income.

About RGEstate
RGEstate is a Dubai-based leading real estate agency, dedicated to providing exceptional service and expertise to our clients. With a team of passionate professionals and a deep understanding of the local market, we are committed to guiding you through every step of your property journey, ensuring a smooth and successful experience.

Contact RGEstate today to schedule a viewing and explore this exceptional investment opportunity!