This investment opportunity for a fully-fledged hotel apartment building for sale in Al-Barsha which is G+11 and features 66 apartments with combinations of studios, one bed and 2 bedroom spacious apartments is now available for investors purchase.
The building is located less than 7 minutes walk or 2mins drive from the Mall of the Emirates and is situated within the most prominent area of Al Barsha that features restaurants and local amenities such as supermarkets within short walking distance. This fantastic opportunity is reflected through the newly completed building that benefits from very strong finishing and neutral decor. The property has three levels of parking that includes the Ground floor and two basement private parking (B1 + B2 + G). The ground floor of the building also benefits from a sizable retail space that can easily be used as a Caf, mini store or Launderette generating further revenue that has not been considered in the offered ROI calculation below. With a good size reception area along with management offices, the total BUA of the building is approximately 78,000 Sqft.
ROOM DETAILS
STUDIO THIRTY THREE (33)
1 BHK TWENTY TWO (22)
2 BHK ELEVEN (11)
Total No. of Units (66)
Based on the areas existing hotel rental within AL Barsha;
- Studios at ARD 400 per night
- 1 BHK at AED 600 per night
- 2 BHK at AED 800 per night
The ROI based on just a 65% Occupancy rate within the year is 10%.
An unbelievable investment opportunity that is ready to sell at AED 80M NTO and has huge potential for substantial profitable gains along with great capital appreciation.
The first to see this Building will make an offer.
Call Venture Horizon Real Estate Brokers LLC on +971 529246623 / 04-4415258 or visit www.ventureh.com for further details
Company name: Venture Horizon Real Estate Brokers LLC
RERA ORN: 553
Address: Cluster W, JLT, Dubai
Office phone no: 04-4415258
Office fax no: 04-4415468
Primary email:
Website: www.ventureh.com
Company Profile: The Dubai Villa Specialists - specializing in the sale of residential Villas within the prestigious areas of Dubai. We specialize in providing an unrivaled professional, transparent and personalized service to all our clients. Regardless of whether you are an investor, developer or end user Venture Horizon; ensure you receive the best professional advice and guidance in securing important decisions you make on investment or a new home. Our management and sales team represent a wealth of property sales knowledge and transactional expertise in terms of their dealings with buyers and sellers .We understand properties with a passion and we only recommend certain areas of Dubai that are able to weather the test of time to our clients. We are committed to provide an impeccable service, undertaking our duties with the utmost precision and integrity, from the valuation of your property through to the completion of the transaction. Committed l Straightforward l Professionals With A Passion