High ROI / great investemnt opportunity

Team Homestead Brings you this wonderful opportunity to invest.

This unit and all other units in the building are entirely managed by Oryx leasing.

Oryx collect rent on furnished units (all bills paid basis), pay expenses like service charges, utilities, maintenace etc and then pay the net rent to owners.
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.

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).

Management company rent the property on furnished fully bills paid basis
Owner does not pay. Management Company pay service charges.

Arjan is a new district within Dubailand, situated on the outskirts of Dubai. The community is bordered by Al Barsha South towards the north and Sheikh Mohammed Bin Zayed Road towards the south. Further down south, there is Dubai Motor City – home to Dubai Autodrome.

Homestead Real Estate is a recently established company in Dubai. While it is a new establishment, the management team enjoys a deep understanding and knowledge of the local real estate market stemming from their decades of experience in Dubai's financial and real estate market.
Here at Homestead we believe in giving excellent services and maintaining relationship with our clients.

Property details

Property Type

Apartment

Property Size

631 sqft / 59 sqm

Bedrooms

studio

Bathrooms

Service Charges

15.41 AED per sqft