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 Bedroom Building For Sale He Hotel Apartments Lp11365 1ac9ed32f7c64200.jpg
 Bedroom Building For Sale He Hotel Apartments Lp11365 1885e71f6560d500.jpg
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 Bedroom Building For Sale He Hotel Apartments Lp11365 1ac9ed32f7c64200.jpg
 Bedroom Building For Sale He Hotel Apartments Lp11365 1885e71f6560d500.jpg
 Bedroom Building For Sale He Hotel Apartments Lp11365 2c6af0aa761dba00.jpg
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 Bedroom  For    C75b315b2e38780.jpg
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Price on Application

Building ; Deluxe Hotel Apartments with Retail and F&B

sale

Beds Bed

Bathroom0 Bath

BUA: 189,840 sqft

Ref no: LP11365

I am pleased to present you with a very unique opportunity in Jumeirah Village Circle - this is a deluxe hotel apartment building that has 14 floors of residences, 4 parking floors and a rooftop. This is a fairly new building as well, with construction being completed in Q2 2021. It features high-quality marble finishes throughout.

Other key elements of this fantastic tower include a stunning outdoor pool, a spa, a kid's pool, a juicebar (which could be licensed), shisha, a gym, a restaurant, a sauna (his & hers seperate), a business centre &prayer rooms on the ground floor, plus a retail giftshop, cafe and pharmacyin the lobby. This is a one-stop destination for families to come and enjoy premium accomodation and service.

This is currently operated as a dry hotel (i.e., no alcohol), but due to the unique rating of the building - it is only one of 6 hotel apartment buildings in Dubai to be rated as such - an alcohol license can be obtained if desired. The current owner has agreed to obtain the license prior to purchase in such a case.

There are 112 rooms in the building, which are divided into - 66 studios with balconies (standard at 400 sq ft and premium at 650 sq ft), 40one-bedroom apartments with balconies (915-970 sq ft from standard to premium), and 6 two-bedroom apartments with balconiesat 1,180 sq ft.

The building offers144 parking spacesover 4 podium levels -the additional parking ensures that there is ample space for guests of the hotel restaurant and any possible bar scenario.

The leasing structure of the building is currently split between short-term and long-term leases. The former is on a weekly or monthly basis, while the latter comprises 6-month and annual contracts. The weighting of the leases changes depending on seasonality and demand to maintain high occupancy and revenue efficiency. The building has kepy 99.5%occupancyfrom November through to date.

Contact me now for further information & to arrange a viewing as this will not stay on the market for very long.

In Detail

Contact Agent

Sean Magann

Sean Magann

Luxury Property International LTD

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