Property ID: SAN PP 475

Location: Jumeirah Beach Residence
Property Type: Hotel Apartment (Rented)
Ownership: Freehold
BUA: 488,143 sq.ft
Total Units: 118

1 Bedroom: 8
2 Bedroom: 52
3 Bedroom: 52
Loft: 4
Penthouse: 2
Retail: 6
Sale Price: AED 373 Million
Rental Income: AED 24.2 Million
ROI: 6.5%
Agency Fees: 2% On Sale Price
Transfer Charge: 4% On Sale Price

Luxurious Hotel Apartment Building in Jumeirah Beach Residence

Explore this exquisite hotel apartment building situated in the sought-after Jumeirah Beach Residence. With a generous BUA of 488,143 sq.ft, this property features 118 well-appointed units, including 8 one-bedroom apartments, 52 two-bedroom, 52 three-bedroom, 4 lofts, and 2 opulent penthouses. The property also includes 6 retail spaces, offering diverse commercial opportunities.

Achieving an impressive annual rental income of AED 24.2 million, this asset boasts a strong ROI of 6.5%. Priced at AED 373 million, the purchase comes with a 4% transfer charge and a 2% agency fee.

This investment represents a unique chance to acquire a prime, fully rented hotel apartment building in one of Dubai's premier locations.