Property description

Palm Jumeirah South Fairmont

• 1,291 Sq. Ft.
• 1 Bedrooms
• 2 Bathrooms
• Unfurnished
• Sea view

Selling Price AED 2,099,999 /-

Offer for investors:

Buying several apartments available as lucrative buy-to-let investments. All eight furnished apartments are currently rented out under one-year contracts for AED 160K to a licensed firm who retains the right to lease the apartments under short term agreements. The owner is responsible for paying the costs of the management company;

COMMUNITY T: Service charges: AED 24,940 for F-type residences and AED 20,830 for G-type residences. Additional charges: The owner is responsible for Beach Club Membership Fees (AED 5060 per year) for each apartment.

In return for an investment of AED 2.1 million the investor will receive an annual return of 6.4% (net interest). The time is perfect to invest in the Emirate's property market with historically low prices which will likely rise substantially with improving world markets.

Property Features :

• Balcony
• Built in wardrobes
• Central air conditioning
• Covered parking
• Gymnasium
• Shared swimming pool
• Steam room
• View of gardens
• View of sea/water
• 24 hours Maintenance
• Beach Access
• Restaurants
• Shops