- Residential Building in Discovery Gardens
- Building completion: 2015
- Plot area 23,341.86 sq ft
- BUA 163,326.35 sq ft
- Net Leasable area 110,600 sq ft
- Consists of 169 apartments (54 x 1 bedroom, 115 x studios) + 10 retail shops
- Basement parking x 90 spaces only
- Gym on 6th floor
- Approximate revenue: (Studio AED 46k pa x 115 = AED 5,290,000) + (1 bed
AED 65k x 54 = AED 3,510,000) + (Shops AED 250k x 10 = AED 2,500,000) for a
Total revenue = AED 11,300,000 - Expenses per annum: Dewa: AED 190k + Maintenance AED 150k + Admin AED
200k + Insurance AED 13k + Chiller AED 360k(tenants pay 50%) + Service
fees AED 250k (50% paid by tenants) for a Total expense total of AED 858,000
per annum - Fully rented 100%
- Asking Price: AED 115m
- Net Rental ROI 9%
Residential Building – Completed 2021 – Rented
Dubai, Silicon Oasis
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Bedrooms
NA
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Bathrooms
NA
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Parking
NA
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