10.9% Net Annual Return - 3 BR Apartment in BlueWaters Island
2,045 sq.ft, Amazing Sea View, Next to JBRReady-to-move-in, 80% 5-Yr Post-Handover Payment Plan Offered by: Meraas
Consisting of 10 buildings, 17 Townhouses, the World Famous Caesars Palace Hotel, Multiple Retails & Dining Outlets and the Ain Dubai-Dubai Eye, the world's tallest observatory tower with 210m height. Bluewaters has become the talk of the town, a hotspot, ideal location and with high quality apartments and amenities.
We provide special services to rent this apartment for you on a short term basis as a holiday home. We have partnered with one of the best property management firms in Dubai that highly recommends this investment because of the uniqueness of the project and major upcoming events such as the Expo 2020 and intitiatives to bring in new tourists in Dubai from countries such as China.
Through our special patner, we expect this amazing 3-BR property to rent for no less than 2,500 AED / Night with an expected occupancy rate of 75% for the year. Total service charges and property management costs will be around 240,000 AED / Year, leaving you with a net income of 450,000 AED / Year.
First Year Out-of-Pocket Cash Requirements is 4,113,000 x 20% = 822,600 AED, implying a return on equity for the first year of 55%. When you complete all payments and assuming the rental income remains the same, the net annual return is 10.9%.
Pay 10% on purchase date, 10% on handover, 10% after 12 months of purchase date, 10 payments of 5% every 4 months, 10% after 56 months of purchase date, 10% after 60 months of purchase date.
This Property is Direct from the Developer, No Agency Commission, 4% DLD Fee Waiver.