Package of three hotel rooms with a yield of 7%, Business Bay, Dubai, UAE

Additional information is provided after the signing of an NDA

Package of three hotel rooms with a yield of 7%, Business Bay, Dubai, UAE

$5,041,000
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  • Yield
    7.0%
  • Built in 
    2021
Details
Property parameters
  • Total premises: 3
  • 75-floor building
Tenants
  • Fully let

Description

The package includes three 2-bedroom apartments. Possible floor plans:

  • Loft with 2 bedrooms. The lower level in 2-bedroom lofts has the open-plan kitchen, outdoor terrace, powder room, bathroom, one bedroom and the living area. The upper level has the second bedroom, family hall, an outdoor terrace and the second bathroom;
  • Duplex with 2 bedrooms. Apartments have a similar layout. Two-bedroom duplexes also include a maid’s room with a separate bathroom on the lower level.

Equipment

  • restaurants
  • gym
  • 2 infinity pools on the 75th floor of the building
  • rooftop terraces with panoramic views of Dubai

Advantages

  • The investor has the opportunity to stay in the hotel 28 days a year in a room of the same category that he purchases;
  • Purchase from $ 205,000 allows you apply for a residence permit in Dubai for 3 or 5 years. Tranio will advise on payment, accompany the transaction and help to submit documents.

Financial performance

  • Guaranteed yield is 7%;
  • Contract with an international hotel operator for 10 years;
  • The payment schedule is determined by the apartment owner: once a year/half a year/quarter/month.

Tenants

The operator is a hotel chain that is part of the largest international hotel group with more than 5,000 hotels under management worldwide.

Transaction costs

Federal tax (VAT) — 5%.

Registration fee (Dubai Land Department transfer fee) — 4%.

Location and nearby infrastructure

The hotel complex is located in one of the most sought-after business districts and tourist centers of Dubai — Business Bay. The area is distinguished by its proximity to the main transport arteries of the city and developed infrastructure. Business Bay has been repeatedly voted the best investment property area in Dubai.

  • Dubai Water Canal 1 km
  • Dubai Mall 2 km
  • Burj Khalifa 2 km
  • Jumeirah Beach 10 km
  • Airport 10 km

Dubai is the largest city in the United Arab Emirates, the administrative center of the emirate of Dubai, the most important commercial and financial center of the UAE and the entire Middle East.

Dubai does not have some significant types of taxes: corporate income tax, capital gains tax, personal income tax, as well as tax on repatriation of income. The UAE also has double tax treaties with more than twenty countries around the world. Free economic zones (FEZ) are of great value in doing business in Dubai. The offshore zone is located in the Jebel Ali area.

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    Head of Sales
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