This residential building for sale in the Al Sufouh district is a phenomenal investment option. The location is very prime - this is one of Dubai's premier waterfront areas, enjoying proximity to the beach and easy access to the Palm Jumeirah.
The building is very ideally located within the district, so that is enjoys a view of the sea and the stunning Burj Al Arab hotel. There are 348 apartments in total, divided among 156 studios, 158 one-beds, 32 two-beds and 2 very exclusive penthouses. A total of 227 parking spaces are available as part of the building, along with 5 shops, 2 offices and a coffee shop.
The residents and tenants of this building benefit from access to an excellent assortment of retail and dining options. Mall of the Emirates is only a shodtt drive off, as is the famous Madinat Jumeirah resort.
For an investor who wishes to use the building for residential purposes, there are guaranteed 3-year returns. This is also a great option for an international hotel group, and can be leased for a period of 4 years on a tiered leasing plan, as follows:
You would pay AED 22 million for the first year, AED 35 million in Year 2, AED 45 million in Year 3 and the remaining AED 50 million in Year 4.
The projected income is 7% net for 3 years.
Please contat me today for more details and to arrange a viewing of this home.