AED 500,000
Own this from just
2,057 AED/month1 Bedroom
1 Bathroom
409 sqft / 38 sqm
HOTEL & HOTEL APARTMENT FOR SALE IN TFG ONE HOTEL, DUBAI MARINAGood opportunity to buy hotel room in new hotel TFG One Hotel and operated by Millenium Group (Millenium Place Dubai Marina).
Dubai is one of the world top destination for tourists and a airline hub in the Middle East. Investing in annuities from hotel industry returns stable incomes.
Studio, 414.30
Hotel room is under hotel management
Good opportunity to buy hotel room in new hotel TFG One Hotel and operated by Millenium Group.
Dubai is one of the world top destination for tourists and a airline hub in the Middle East. Investing in annuities from hotel industry returns stable incomes.
Studio, 409.03
Title Deed available
Works from completion since 2021
The Millennium Place Marina:
️ Operated by Millenium Group
️ A stunning location in the heart of the city’s most popular location, Dubai Marina
️ Income distributions – two times/year
️ Highly efficient central reservation system ensures high occupancy rates
️ Owner profit share based on net profit of hotel operations
️ 2 weeks per annum for personal use at the similar room (need to book the reservation)
All of the apartments in The First Central are managed and rented out by management company and the owners must enter into the management scheme and can not use or manage the apartments themselves.
Income from all apartments is pooled and the net proceeds are shared out pro-rata between all the owners. Even if the hotel room will be empty during year the income will be calculated from the pool of all hotel.
High occupancy⎮Prime area⎮World-famoius network
Dubai is one of the world top destination for tourists and a airline hub in the Middle East. Investing in annuities from hotel industry returns stable incomes.
Studio, 414.30
Hotel room is under hotel management
Good opportunity to buy hotel room in new hotel TFG One Hotel and operated by Millenium Group.
Dubai is one of the world top destination for tourists and a airline hub in the Middle East. Investing in annuities from hotel industry returns stable incomes.
Studio, 409.03
Title Deed available
Works from completion since 2021
The Millennium Place Marina:
️ Operated by Millenium Group
️ A stunning location in the heart of the city’s most popular location, Dubai Marina
️ Income distributions – two times/year
️ Highly efficient central reservation system ensures high occupancy rates
️ Owner profit share based on net profit of hotel operations
️ 2 weeks per annum for personal use at the similar room (need to book the reservation)
All of the apartments in The First Central are managed and rented out by management company and the owners must enter into the management scheme and can not use or manage the apartments themselves.
Income from all apartments is pooled and the net proceeds are shared out pro-rata between all the owners. Even if the hotel room will be empty during year the income will be calculated from the pool of all hotel.
Property details
Property Type
Hotel & Hotel Apartment
Property Size
409 sqft / 38 sqm
Bedrooms
1
Bathrooms
1
Amenities
Central A/C
Shared Pool
Security
Maid Service
Covered Parking
Built in Wardrobes
Kitchen Appliances
Shared Gym
Lobby in Building
Children's Pool
Location
Price Insights
Transactions for Similar Properties
1 Bed Hotel & Hotel Apartment in TFG One Hotel
Sold for
| Date | AED | Area (sqft) |
|---|---|---|
| 24 Mar 2022 | 1,991,988 | 721 |
| 7 Dec 2020 | 1,915,000 | 774 |
| 6 Dec 2020 | 2,246,000 | 739 |
| 19 Nov 2020 | 2,678,150 | 792 |
| 18 Nov 2020 | 2,543,510 | 758 |
Rented for
| Date | AED/year | Area (sqft) |
|---|---|---|
 There are no transactions to display | ||
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Experience
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Languages
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Monthly payment
2,057 AED
with interest rate of
3.75%
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Regulatory information
Reference
heartofcity-13334699
Listed
2 days ago
Broker License
12609
Zone name
Marsa Dubai
DLD Permit Number:
7126177635
Agent License
29987
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