Rare opportunity to Purchase a Residential Building Vacant and ready for Occupation.

The Building comprises 120 Residential units and 3 Retail Units.

Situated along the Canal in Al Raha Beach, one side of the building benefits from Canal and Sea Views.

Residents also have direct access to the popular Canal walk which links Al Zeina to Al Bandar.



Building consists of

* 1 Beds x 27

* 2 Beds x 91

* 3 Beds x 2

* Retail x 3

* Parking x 234

* Space for Gym

* Shared Swimming Pool.

Size

Carpet + Balcony + Terrace = 193,222 sqft

Total BUA = 437,065 sqft (including parking)



Income

Achievable Rental Income = From AED 16,900,000 To AED 18,075,000



Sale Price

AED 225,000,000



Yield

Average Rent = AED 17,487,500 / AED 225,000,000 = 7.78% Yield



Capital Gain

Resale of Individual Units at current market price.

Achievable Income from Individual Unit Sales = From AED 239,000,000 To 257,000,000

Average Total Unit Sales = AED 248,000,000 = 10.2% Capital Gain.