AED 760,000
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3,126 AED/monthHotel Studio | Distress | Investment Deal
Property Features and Details:
• Contracted studio in the 4* hotel
• 1 Bath
• 353.06 sq. ft.
• No kitchen
• Built-In Wardrobes
• Fully furnished
• 2 separate beds
• Everything is managed by hotel from renting apartment to maintenance
• This studio is not for living in, but pure investment for holidays rentals
• Rentals income is based on pool share revenue style
• Latest 6 months net income 28k
• 57% growth to compare with last year
• The First Collection Hotel opened on July 1, 2022
• High potential in the perfect location
• Owners get 14 days complimentary stay a year
• Best deal in the hotel
• Motivated seller
• Exclusive
Building features:
• Concierge
• Security 24/7
• Restaurant
• Coffee shop
• Valet parking
• Lobby
• Swimming pool
• Gym
• Room service
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Property details
Property Type
Apartment
Property Size
353 sqft / 33 sqm
Bedrooms
studio
Bathrooms
1
Amenities
Central A/C
Security
Concierge
Covered Parking
Built in Wardrobes
Location
Price Insights
Transactions for Similar Properties
Studio Apartment in Sky Bay Hotel
Sold for
Date | AED | Area (sqft) |
---|---|---|
1 Oct 2024 | 750,000 | 198 |
30 Sep 2024 | 405,000 | 123 |
16 Sep 2024 | 785,500 | 175 |
9 Sep 2024 | 822,000 | 175 |
10 Jul 2024 | 1,300,000 | 351 |
Rented for
Date | AED/year | Area (sqft) |
---|---|---|
There are no transactions to display |
Powered byDataGuru
This property costs 30% less than the average price of studio bedroom in Business Bay
Average Sale Price is 1,093,020 AED
This property is 29% smaller than the average size of studio bedroom in Business Bay
Average size is 494 sqft
The data displayed is based on average prices and sizes of all listings that were live on Property Finder in Business Bay
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Experience
9 years
Closed Deals
4
Languages
English,Arabic,French
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Monthly payment
3,126 AED
with interest rate of
3.75%
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Regulatory information
Regulatory information
Reference
UQP-13451
Listed
1 month ago
Broker License
1085
Zone name
Business Bay
DLD Permit Number:
71100750979
Agent License
48449
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Own this property from just
3,126 AED /month
Fixed rates from: 3.75%
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