Great Investment Opportunity with Great rental income Full Building For Sale in Ewan Residence,DIP

Ewan Residence, Dubai Investment Park

Summary

  • Price:

    AED 8,750,000
  • Property Type:

    Building
  • Reference No.:

    GIM-S-1818
  • Size:

    10,826 sqft.
  • Bathrooms:

    0

Description

This building has a perfect location right in front of the Shopping Center and minute walk to the facilities.

G+2 plot size 10826 SF

Apartments: total 12 units

2 units of 3 Bedroom + Maid

6 units of 2 Bedroom + Laundry

4 unit of 1 Bedroom

Current total rent:

2BR 75, 000 AED ( 75K for 2BR )

1BR 60,000 AED ( rental price 60K for 1BR)

3BR - 90,000 AED (rental Price 90k for 3BR)

Total: 870,000 AED

Annual Land rent: 38,000 AED ( 5 years PDC to the developer)

Annual Service Charges: 80,000 AED ( 5 year PDC to the developer)

Maintenance: 20,000 AED (building nr 48 using the company for the annual maintenance for 20,000 AED per year, we can advise all the contacts)

Building Insurance 20,000 AED

CURRENT NET INCOME AS PER CURRENT RENT

870,000 AED - 158,000 AED = 712,000 AED net income

712,000 AED / 8,750,000 AED * 100% = 8.14% income

POTENTIAL NET INCOME AS PER NEW RENTS will increase 5%

904,500AED - 158,000 AED = 746,500 AED net income

746,500 / 8,750,0000 AED * 100% = 8.53%

Here all extra payments required from buyer for the property transfer:

  • Admin/Document fee 15,000 AED payable to the developer
  • NOC fees ( Non Objection Certificate) 5,000 AED payable to the developer
  • Transfer fees 4% to the Land Department
  • 2% agency fees

Call Ali Kassem on +971 555974567 or visit www.gimrealestate.com for further details

Map

Ali Kassem

Contact Agent

Call +971 55 9220834 or send an email:

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Ali Listings

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