Description
You have the opportunity to invest in an amazing hotel apartment building that is located adjacent to Mall of the Emirates along Sheikh Zayed Road.
This is a four-star property that comprises 215 apartments that are divided among 113 one-bedroom units, 96 two-bedroom units, 2 three-beds and 4 studios. It is currently at 95% occupancy and is leased to one operator.
Annual income on the property is AED 18 million, with a gross yield of 7.2%.
Location is one of the highlights of this building, as residents and long-term guests have immediate access to some of the best lifestyle experiences in the city - including the world-famous Mall of the Emirates and its various attractions including Ski Dubai, the world's longest indoor ski slope. The Al Barsha area, where the hotel is located, offers a plethora of retail, dining and leisure options - it is a short drive from the beach and has easy access to Dubai's most popular waterfront communities - Dubai Marina and Palm Jumeirah.
To get more details on this opportunity and to arrange a viewing, please contact me today.
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