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AED 270,000,000
AED 270,000,000
Prime Investment Opportunity: Rented Hotel Apartments in Jumeirah Beach Residence Jumeirah Beach Residence Jumeirah Beach Residence
Facts
Permit No 17531
Reference SAN PP 473
Added On 29-Aug-2024
Category Commercial
Type Hotel Apartment
Offer Type For Sale
Size 376,103 Sq. Ft.
Furnished Yes
Description
Property ID: SAN PP 473
Location: Jumeirah Beach Residence
Property Type: Hotel Apartment (Rented)
Ownership: Freehold
BUA: 376,103 sq.ft
Total Units: 94
2 Bedroom: 44
3 Bedroom: 44
Loft: 4
Penthouse: 2
Retail: 4
Sale Price: AED 270 Million
Rental Income: AED 17.5 Million
ROI: 6.5%
Agency Fees: 2% On Sale Price
Transfer Charge: 4% On Sale Price
Prime Investment Opportunity: Rented Hotel Apartments in Jumeirah Beach Residence
Presenting a premium hotel apartment building in the prestigious Jumeirah Beach Residence, this property spans a total BUA of 376,103 sq.ft. The development comprises 94 units, including 44 two-bedroom and 44 three-bedroom apartments, along with 4 lofts and 2 exclusive penthouses. Additionally, there are 4 retail spaces, enhancing the buildings commercial appeal.
Generating a consistent annual rental income of AED 17.5 million, this asset offers a solid ROI of 6.5%. Priced at AED 270 million, the sale includes a 4% transfer charge and a 2% agency fee.
This investment presents a lucrative opportunity to acquire a high-performing, strategically located hotel apartment building in one of Dubai’s most desirable areas.
Location: Jumeirah Beach Residence
Property Type: Hotel Apartment (Rented)
Ownership: Freehold
BUA: 376,103 sq.ft
Total Units: 94
2 Bedroom: 44
3 Bedroom: 44
Loft: 4
Penthouse: 2
Retail: 4
Sale Price: AED 270 Million
Rental Income: AED 17.5 Million
ROI: 6.5%
Agency Fees: 2% On Sale Price
Transfer Charge: 4% On Sale Price
Prime Investment Opportunity: Rented Hotel Apartments in Jumeirah Beach Residence
Presenting a premium hotel apartment building in the prestigious Jumeirah Beach Residence, this property spans a total BUA of 376,103 sq.ft. The development comprises 94 units, including 44 two-bedroom and 44 three-bedroom apartments, along with 4 lofts and 2 exclusive penthouses. Additionally, there are 4 retail spaces, enhancing the buildings commercial appeal.
Generating a consistent annual rental income of AED 17.5 million, this asset offers a solid ROI of 6.5%. Priced at AED 270 million, the sale includes a 4% transfer charge and a 2% agency fee.
This investment presents a lucrative opportunity to acquire a high-performing, strategically located hotel apartment building in one of Dubai’s most desirable areas.
Floor Plan Show 3D
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