AED 800,000
Own this from just
3,290 AED/monthHigh ROI - High-floor – Near metro
- 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
Price Insights
Transactions for Similar Properties
1 Bed Apartment in Grand Central Hotel
Sold for
Date | AED | Area (sqft) |
---|---|---|
5 Nov 2024 | 975,000 | 548 |
15 Oct 2024 | 928,800 | 548 |
20 Aug 2024 | 975,000 | 548 |
15 Jan 2024 | 995,000 | 682 |
23 May 2023 | 570,000 | 548 |
Rented for
Date | AED/year | Area (sqft) |
---|---|---|
2 Oct 2018 | 36,000 | 682 |
2 Oct 2018 | 36,000 | 682 |
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)
Provided by
Christie's International Real Estate Dubai
See all properties (114)Response time
within 30 minutes
Experience
34 years
Closed Deals
1
Languages
English
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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
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