Whole Building for sale in Discovery Gardens, Dubai

Sale Price: AED48,000,000

Mogul (Bldgs 148-202), Discovery Gardens, Dubai

Whole Building

-- Bed(s)

-- Bath(s)

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Street Address

Mogul (Bldgs 148-202), Discovery Gardens, Dubai

Property description

***** EXCLUSIVE WITH SYNERGY PROPERTIES *****

FULL BUILDING FOR SALEIN DISCOVERY GARDENS (MOGUL - TYPE U)

VERY WELL MAINTAINED WITH BELOW MENTIONED FACILITIES:

CCTV INSTALLED
BTU SUB METERS (CHILLED WATER) INSTALLED IN ALL APARTMENTS WHICH REDUCES BUILDING'S SERVICE CHARGES

NEARBY TO THE COMMUNITY POOL & GARDENSPAVILIONS(GEANTSUPERMARKET)

Total No. of Apartments - 66 nos.

Types of Units:

Studios - 23 nos.
1Bedrooms - 43 nos.

Total Built-up Area: 68,732 sq.ft.

Number of Unit Rented: 66 nos.

CURRENT ANNUAL RENTAL INCOME -AED. 3,400,000/- Million

LANDLORD BEARS THE BELOW CHARGES:

SECURITY & MISCELLANEOUS - AED. 84,000/-

DEWA - AED. 84,000/-

SERVICE CHARGES - AED. 62,000/-

DISTRICT COOLING CHARGES (FOR COMMON AREAS ONLY) - AED. 120,000/-

Total Expenses: AED 350,000/-

Total Net Income - AED. 3,400,000/-

Current ROI is 7%

IF RENTED AT CURRENT MARKET PRICES WHICH IS AED. 70K FOR 1BR & AED. 48K FOR STUDIO, THE INCOME WOULD INCREASE TO AED. 4.16 MILLION & AFTER ALL EXPENSES IT CANYIELDMORE THAN 8% NET, AFTER DEDUCTING ALL EXPENSES

NOTE: IDEAL DEAL FOR INVESTORS AS RENTALS HAVE INCREASED IN THE AREA & STILL SHOWS VERY STRONG UPWARD TREND FOR RETURNS & INCOME CAN STILL BE FURTHER INCREASED.

ADDITIONAL COSTS:

TRANSFERFEES - 04% ON NET SELLING PRICE

AGENCY FEES - 02% ON NET SELLING PRICE

Kindly call Neeraj on + 971 4 55 483 69 in case you require further information or if you wish to arrange viewing appointments & I will be happy to assist you.

ORN # 11870

BRN # 27657

"OUR MOTIVE IS CONVERTING TRANSACTIONS INTO RELATIONSHIPS"

SYNERGY PROPERTIES
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