Two hotel rooms with a yield of 7.5%, Palm Jumeirah, Dubai, UAE

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Two hotel rooms with a yield of 7.5%, Palm Jumeirah, Dubai, UAE

$956,000
$8,385 /m²
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  • Total area
    114 m²
  • Yield
    7.5%
  • Built in 
    2016
Details
Property parameters
  • Total premises: 2
  • 16-floor building
Tenants
  • Fully let
Transaction costs
  • Broker: 2.0%
Features
  • Balcony or terrace
  • Beachfront
  • Personal beach
  • Swimming pool
  • Garden
  • Car parks
  • Elevator
  • Private restricted area
  • Fitness
  • Spa
  • Floor-to-ceiling windows
  • Quality sanitary ware
  • Sea view

Description

The package includes 2 studio apartments. The area of each room is 57 m².

The hotel consists of 470 rooms, which offer direct views of the Persian Gulf and Dubai Marina. There is a private beach with a length of 150 meters, 9 restaurants and 5 swimming pools.

Rating on Booking: 9.0.

Advantages

  • The investor has the right to stay at the hotel 14 days a year;
  • No additional management fees;
  • The buyer can obtain a residence permit of Dubai for investments in real estate in the amount of $ 205,000 for 3 or 5 years.

Financial performance

The average yield starts from 7.5%.

40% of the hotel's income is distributed to the owners under the pool system.

Tenants

The hotel is managed by a local group of companies specializing in residential and commercial property development, hospitality and investment. The holding's $ 2 billion real estate portfolio includes some of Dubai's largest and most well-known projects.

Transaction costs

Federal tax (VAT) — 5%.

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

Brokerage fee — 2%.

Location and nearby infrastructure

The hotel is located at the beginning of the Palm Jumeirah, very close to Dubai Marina (10 minutes by car).

  • Dubai Marina 7 km
  • Golf club 7 km
  • Mall of the Emirates 10 km
  • Burj Khalifa 20 km
  • Airport 30 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.

More properties

If this ad doesn't suit you, have a look at the other hotel rooms for sale in The Palm Jumeirah.

All ads in the country: hotel rooms for sale in the UAE.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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