Property Brief

One more high ROI opportunity from Recorp Homes Real Estate... Location: Jumeirah Village Circle, Dubai, United Arab Emirates Building Features: Building Age: 3 Number of Floors: G+4 Total Number of Apartments: 84 Studio Apartments: 40 units 1-Bedroom Apartments: 37 units 2-Bedroom Apartments: 7 units Commercial Spaces: Retail Store: 1 unit Convertible Gym/Restaurant: 1 unit Financial Details: Total Gross Rental Income: AED 8,126,000 Total Expenses: AED 431,700 Net Income: AED 7,695,000 Building: G+4 81 apartments, 1 retail All units rented Parking for each apartment Selling Price: 95 Million AED DLD Fee: 4%+trustee fee Agency Fee:2% Amenities and Facilities: Swimming pool Gymnasium 24-hour security CCTV Security Intercom Lobby in Building Maintenance Staff Service Elevators Jumeirah Village Circle (JVC) is a freehold area in Dubai that is developing at a fast pace. This area is located in the central part of New Dubai. Its construction began in 2005 and now has a well-developed infrastructure. This is an attractive place to live for all types of citizens, including employed persons, investors, businesspersons, and families with kids. The area has an active traffic flow, so traveling from JVC to any other residential or business district in the emirate will not be difficult. Read less Studio Apartment: Min 600 sqft, Annual AED 65,000 (Total: AED 2,600,000) 1-Bedroom Apartment: Min 900 sqft, Annual AED 100,000 (Total: AED 3,700,000) 2-Bedroom Apartment: Min 1500 sqft, Annual AED 150,000 (Total: AED 1,050,000) Retail Store: Annual AED 500,000 Convertible Gym: Annual AED 276,000 Building Costs: DEWA (Dubai Electricity and Water Authority): AED 120,000 Staff Salaries: AED 216,000 Maintenance Contract: AED 50,700 Service Charge: AED 45,000 Total Expenses: AED 431,700 Investment Opportunities: High Rental Yield: Strong rental demand in the area (All contracts will be renewed in November 2024) Value Appreciation: Property value appreciating in the rapidly developing Jumeirah Village Circle area Location Advantages: Circle Mall: Walking distance to shopping, dining, and entertainment options Ease of Access: Close to main roads and public transportation Healthcare Services: Access to modern hospitals and clinics

Amenities

  • Covered Parking
  • Shared Gym
  • Pets Allowed
  • Balcony
  • Built in Wardrobes
  • Shared Pool
  • Lobby in Building
  • Children's Pool

Property Details view on map

  • Property Type : Factory
  • Property Status :For Sale
  • Price : $27,247,956.40 Price Per Unit: $0.00/
  • Property Size : 70452 sqft
  • Operating Since : May 24,2024
  • City : Jumeirah Village Circle
  • Bedrooms :
  • Bathrooms :

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