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Residential Real Estate Assets for Sale in Dubai, United Arab Emirates

Fully-furnished and occupied G+4 building with 89 apartments and built-up area of 131,341.69 square feet.
This Business is on a Premium Plan
Ownership Duration 5-10 year(s)
Industries Residential Real Estate
Locations  Dubai
Local Time 8:52 AM Asia / Dubai
Listed By Advisor / Business Broker
Status Active
Overall Rating
Asset Sale
Asking Price: USD 18 million (Native Currency: AED 65,000,000)
Reason: The owner of the building has his own personal reasons.
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
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Assets Description

- Modern and exceptionally finished G+4 building with basement, ground floor, 1st floor, 2nd floor (upper and lower loft) and roof. Property is under the ownership of a private sole-proprietorship organisation.

- Apartments are well-designed with a high-quality finish and large terraces. The duplex units have a lower floor allotted for living/dining and kitchen and upper floor for bedrooms.

- One of the most sought after apartments by investors and tenants in JVC area. The property is based in a luxurious residential area.

- Have utilized Spanish marble for floors and walls. Building has installed Italian appliances for kitchens, and used high quality paints for the furnishing and exteriors of the building. Great effort has been undertaken to maximize the quality and feel of the apartments.

- The building consists of 12 studio apartment units, 50 one bedroom units, 3 two bedroom units, 24 one bedroom duplex (lofted apartment) units, 2 retail units located in the ground floor, 101 total parking (structure and outside) spaces, 2 lifts, 2 swimming pools (adult and kids), 2 sauna and steam (male and female) and a fully equipped gym. There are 89 apartments totally.

- The property's handover year was 2019 (100% complete). The built-up area is 131,341.69 square feet and the plot area according to the title deed is 2,435.81 square meter/ 26,218.84 square feet. The net sellable area is 78,656.52 square feet and the service area is 20,335 square feet. All the requisite certificates for completion and service rooms are present.

- All the units have been rented out with an average ROI of 9 percent annually.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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