Residential Insights
Platinum One
Price Range:270K - 855K AED
First Sale
450,000 AED
Own this from just
1,888 AED/month1 Bedrooms
1 Bathrooms
631 sqft / 59 sqm
Amazing Price | Fully Furnished 1BHK | For Sale
Property Type:
Apartment
Service Charges:
15.14 AED per sqft
Location
Platinum One
Dubai, Arjan
Agent
Elite Bricks FM
ELITE BRICKS REAL ESTATE BROKERS L.L.C
(117 Properties)
Amenities
Study
Shared Pool
Kitchen Appliances
Shared Gym
Description
Oryx collect rent on furnished units (all bills paid basis), pay expenses like service charges, utilities, maintenance etc and then pay the net rent to owners which is approx 12k annual currently (expected to increase going forward as the rentals are increasing every year).
Additionally they give 28 days complimentary stay to the owner, which owner can stay himself or rent someone on short term furnished unit (all bills paid) basis. Since this property is close to tourist attraction (miracle garden) the 28 days can earn up to 10k approx if rented during peak season time.
So total return currently is around (18k + 10k) 28k, expected to go up going forward.
This unit is for sale as furnished unit. The property management contract will pass on to the next buyer.
The property management contract was signed for 20 years with 10 years remaining (expiry date 2034).
After expiry of property management contract (2034) the unit has to be managed by owner himself.
This is purely investor product (not end user product).
Owner dont need to appoint any agent for this. The net rent is transfered by Oryx Leasing to the owners bank account (anywhere in the world).
Company name: Elite Bricks Real Estate
Company number: +971568568805
Company website: [link not available]
Transactions for Similar Properties
1 Bed Apartment in Platinum One
Sold for
| Date | AED | Area (sqft) |
|---|---|---|
| 7 Nov 2023 | 297,400 | 631 |
| 27 Jul 2023 | 310,000 | 756 |
| 30 Aug 2020 | 180,000 | 621 |
| 30 Aug 2020 | 130,000 | 435 |
| 18 Oct 2016 | 650,000 | 756 |
Rented for
| Date | AED/year | Area (sqft) |
|---|---|---|
| 9 Jun 2024 | 58,200 | 627 |
| 17 May 2024 | 49,200 | 444 |
| 15 May 2024 | 60,000 | 527 |
| 30 Apr 2024 | 75,000 | 728 |
| 10 Apr 2024 | 69,000 | 527 |
Powered byDataGuru
This property costs 53% less than the average price of 1 bedroom in Arjan
Average Sale Price is 964,165 AED
This property is 21% smaller than the average size of 1 bedroom in Arjan
Average size is 798 sqft
The data displayed is based on average prices and sizes of all listings that were live on Property Finder in Arjan
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Monthly payment
1,888 AED
with interest rate of
3.94%
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Regulatory information
Regulatory information
Reference
AE-EBS01285-
Listed
1 month ago
Broker ORN
36116
Zone name
Al Barshaa South Third
DLD Permit Number:
7115056450
Own this property from just
1,888 AED /month
Fixed rates from: 3.94%
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