AED 400,000,000
AED 400,000,000
Exceptional Investment: Fully Rented Hotel Apartments in Jumeirah Beach Residence Jumeirah Beach Residence Jumeirah Beach Residence (JBR)
Facts
Reference SAN PP 472
Added On 29-Aug-2024
Category Commercial
Type Hotel Apartment
Offer Type For Sale
Size 518,683 Sq. Ft.
Furnished Yes
Description
Property ID: SAN PP 472
Location: Jumeirah Beach Residence
Property Type: Hotel Apartment (Rented)
Ownership: Freehold
BUA: 518,683 sq.ft
Total Units: 128
1 Bedroom: 13
2 Bedroom: 53
3 Bedroom: 56
Loft: 4
Penthouse: 2
Retail: 6
Sale Price: AED 400 Million
Rental Income: AED 26 Million
ROI: 6.5%
Agency Fees: 2% On Sale Price
Transfer Charge: 4% On Sale Price
Exceptional Investment: Fully Rented Hotel Apartments in Jumeirah Beach Residence
This premier hotel apartment building in Jumeirah Beach Residence offers an impressive BUA of 518,683 sq.ft and stands as a landmark investment opportunity. The property features 128 well-appointed units, including a mix of 1-bedroom, 2-bedroom, 3-bedroom apartments, lofts, and exclusive penthouses, along with 6 retail spaces.
Currently generating a substantial annual rental income of AED 26 million, this asset delivers a robust ROI of 6.5%. With a sale price of AED 400 million, the property is offered with a 4% transfer charge and a 2% agency fee on the sale price.
This is a rare chance to acquire a high-yielding, strategically located hotel apartment building in one of Dubai’s most sought-after locations.
Location: Jumeirah Beach Residence
Property Type: Hotel Apartment (Rented)
Ownership: Freehold
BUA: 518,683 sq.ft
Total Units: 128
1 Bedroom: 13
2 Bedroom: 53
3 Bedroom: 56
Loft: 4
Penthouse: 2
Retail: 6
Sale Price: AED 400 Million
Rental Income: AED 26 Million
ROI: 6.5%
Agency Fees: 2% On Sale Price
Transfer Charge: 4% On Sale Price
Exceptional Investment: Fully Rented Hotel Apartments in Jumeirah Beach Residence
This premier hotel apartment building in Jumeirah Beach Residence offers an impressive BUA of 518,683 sq.ft and stands as a landmark investment opportunity. The property features 128 well-appointed units, including a mix of 1-bedroom, 2-bedroom, 3-bedroom apartments, lofts, and exclusive penthouses, along with 6 retail spaces.
Currently generating a substantial annual rental income of AED 26 million, this asset delivers a robust ROI of 6.5%. With a sale price of AED 400 million, the property is offered with a 4% transfer charge and a 2% agency fee on the sale price.
This is a rare chance to acquire a high-yielding, strategically located hotel apartment building in one of Dubai’s most sought-after locations.
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