AED 800,000

Own this from just

3,290 AED/month
1 Bedroom
1 Bathroom
547 sqft / 51 sqm
APARTMENT FOR SALE IN GRAND CENTRAL HOTEL, BARSHA HEIGHTS (TECOM)

High ROI - High-floor – Near metro

Grand Heights Hotel Apartments presents an excellent investment opportunity in the vibrant Barsha Heights (formerly Tecom). This 4-star hotel offers easy access to Dubai’s famous attractions, making it ideal for both short and long stays.

- 547.88 sq ft + 1 parking
- Selling price 800 000 AED
- Fully furnished 1 bedroom apartment: dining area, comfortable seating area, fully equipped kitchen, flat-screen TV, washing machine, stovetop, refrigerator, microwave, kitchenware and an oven, en-suite bathroom
- Modern facilities: roof top swimming pool, steam room, wellness, fitness center, and onsite restaurants, access to the hotel's luxury beach-club on Palm Jumeirah via transfer

Prime location:
- 5 min walk to metro and bus networks
- Easy access to 3 of the city’s major roads
- Mall of the Emirates – 5 km
- Dubai Marina and JBR (walk and beach) – 6.5 km
- Palm Jumeirah – 6.5 km
- Dubai Mall – 17 km
- Nearby Amenities: Famous cafes, supermarkets, and shopping centers in close proximity.

Investment Highlights:
- High ROI driven by strong and growing tourism in the location, average rate per night 700 AED and excellent reviews for the hotel on booking.com
- Hassle-free management scheme that allows owners to benefit from pooled income without direct management responsibilities
- Pro-rata income sharing, guaranteeing revenue even if individual rooms remain unoccupied
- No Service charges for landlords
- Personal use: Owners enjoy 15 days per annum for personal stays regardless of the season, with advance notice
- Limited number of hotel apartments (only 184) in the building

Property details

Property Type

Apartment

Property Size

547 sqft / 51 sqm

Bedrooms

1

Bathrooms

1


Amenities

Shared Pool

Covered Parking

Built in Wardrobes

Children's Play Area


Location

Map preview
Grand Central Hotel
Residential Insights

Price Range:

620K-1.2M AED

Price Insights

Transactions for Similar Properties

1 Bed Apartment in Grand Central Hotel

Sold for

DateAEDArea (sqft)
5 Nov 2024975,000548
15 Oct 2024928,800548
20 Aug 2024975,000548
15 Jan 2024995,000682
23 May 2023570,000548

Rented for

DateAED/yearArea (sqft)
2 Oct 201836,000682
2 Oct 201836,000682
See all transactions in this location

Powered byDataGuru

This property costs 18% less than the average price of 1 bedroom in Barsha Heights (Tecom)

Average Sale Price is 975,501 AED

This property is 31% smaller than the average size of 1 bedroom in Barsha Heights (Tecom)

Average size is 792 sqft

The data displayed is based on average prices and sizes of all listings that were live on Property Finder in Barsha Heights (Tecom)

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SuperAgent

Jackie Johns

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Christie's International Real Estate Dubai

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Response time

within 30 minutes

Experience

34 years

Closed Deals

1

Languages

English

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300,000 AED35,000,000 AED
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160,000 AED640,000 AED
1 year25 years

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Monthly payment

3,290 AED

with interest rate of

3.75%

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Regulatory information
Regulatory information

Reference

AP17753

Listed

1 month ago

Broker License

11814

Zone name

Al Thanyah First

DLD Permit Number:

7176825010

Agent License

36975

DLD Permit Number

Call

Jackie Johns

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Usually responds within 30 minutes

Own this property from just

3,290 AED /month

Fixed rates from: 3.75%

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