Listed: 3 months ago
733,888 AED

3Star Hotel rooms for investment- 7% ROI

The property

Hotel & Hotel Apartment for Sale in Rove City Walk, City Walk

Price
733,888 AED
Estimated Mortgage
Calculating...
Type
Hotel & Hotel Apartment
Reference
elysian-s-1006283
Trakheesi Permit
Issued to RERA registered companies and Dubai developers as confirmation of their right to advertise properties
0862892276
Completion status
Off-plan
Bedrooms
studio
Bathrooms
1
Furnishings
Furnished
Area
249 sqft / 23 sqm

Amenities

Balcony
Built in Wardrobes
Central A/C
Concierge
Covered Parking
Kitchen Appliances
Private Pool
Security
Shared Gym
Shared Pool
Shared Spa
Walk-in Closet

Agent details

View profile

Yash Shah

Director

Description

Rove Hotel at City Walk by Emaar
* The first ever 3 star hotel room investment opportunity by Emaar.
* Hotel rooms for investment, Unique launch for first time by Emaar
* 40% Revenue Share
* Free 2 weeks stay for owners
* This is not a hotel apartment
* Fully operated by Rove Hotel
* Its not a rental pool
* There is no service charges.

HOW DOES IT WORK
Unit Price: AED 733,888

*Average daily rate: AED 405 (Year 1)
*Occupancy Ratio: 74% (270 days)
*Annual revenue: 270X405=109,350
*owners share: 40% (43,740)
*owners benefit: 405X14=5,670
*ROI = 6.8% for year 1 *
*ROI = upto 9% by year on year profit estimates by emaar.

OFFER BENEFITS

-2% DLD fees waiver till launch offer.

Payment Structure
-5% Down payment
-35% During construction
-60% On Handover (Sept 2021)

For More Information Contact Yash Shah

Elysian Real Estate Broker LLC
RERA ORN: 619
Phone no: +97142496300
Email: info@elysian.com
Website: www.elysian.com
Address: Office 204 Bldg 6, Bay Square Business Bay Dubai UAE
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Rove City Walk, City Walk, Dubai

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