Property Search
Other Considerations
More properties for sale:
Oasis Tower 2-Studio room-Apart-Hotel- in this sought aChoice of two Studio apartments -CUBE Sport City Dubai
RED RESIDENCE Dubai Sports City Condo-Hotel Unit 1Bdr
| |||||||
|
|||||||
This is an opportunity to purchase a condo hotel studio (5 star fully furnished, managed and serviced) on resale from a quick flip investor at only 12% premium.
All the studios were sold out within 48 hours of release by the developer approx. 4 months ago.
This is a hassle-free way of investing in a holiday home that will appreciate significantly and provide you with a high yield (annual income is expected to range between 8% to 16 % of purchase price) in a project which will have a high occupancy rate - est. min 75% (and therefore high annual income) due to its fantastic location near the world class stadia (that will have regional and international sporting events) in Dubai Sports City
Condo hotel apartments are in demand as the estimated annual income and ROI is high.
This 16 storey building is located close to the world class stadia and the
Manchester United Football Academy, that is being developed in Dubai Sports City, which is a part of Dubailand - being developed as the world's largest theme, tourism and leisure park which will, at peak operational capacity cater to 200,000 visitors daily.
The studio units will be pooled together and the central reservation system would let out the units on a daily/weekly basis to inbound tour operators.
Owners will receive 60% of the annual income for their unit. Occupancy rate is likely to be above 75%
The developer has partnered with one of Dubai's largest tour operators, Alpha Tours, through whom the units will be let out to inbound tourists.
The developer has also partnered with USA's largest independent hotel management company, Interstate Hotels & Resorts to manage and operate Kensington Royale.
Developed by one of the Middle East’s largest construction companies, whose owner has a net worth of billions of dollars. This is this developers fifth condo hotel apartment project - there is a huge demand from investors to invest in such projects.
The project will have restaurants, coffee shops, pool, health club, spas
As the project, Dubai Sports City and Dubailand develops, there
will be considerable appreciation on the value of your condo hotel apartment.
Payment schedule: 10% on booking ; 10% within 30 days ; 10% within 3 months ; 10% every 3 to 4 months (based on construction progress) ; 20% on handover in mid 2008
|
|
|
|||
Bookmark
|
