9.3% ROI / Furnished / GCC only / Family Building

Engage Properties is delighted to offer a prime investment opportunity with this well-maintained residential building located in the vibrant community of Al Barsha 1. Positioned just a 5-minute walk from Mall of the Emirates, this property combines convenience, functionality, and excellent investment potential.

Features:

- Location: Al Barsha 1
- Plot Area: 13,700 sq. ft.
- BUA: 93,500 sq. ft.
- 2+G+8 Floors + Roof
- Fully Furnished with Appliances
- 2 Retail Shops
- 3 Offices
- 49 Parking Slots
- 48 Units:
- 32 One-Bedroom Apartments
- 16 Two-Bedroom Apartments
- Outdoor Swimming Pool, Gym, Changing Rooms
- Tenanted with Current Gross ROI: 9.3%
- Expected Gross ROI: 10.9% After Rent Revision

Key Details:
- Only Locals and GCC Investors are eligible to purchase, as Al Barsha 1 is a non-freehold area.
- Subject to transactional fees, including agency commission and DLD fees.

This building is a lucrative investment, offering a steady income stream with growth potential through rent revisions. Its proximity to key landmarks like Mall of the Emirates and excellent facilities make it an attractive option for investors.

For more information, please contact:
Maya Azem at +971 50 396 9227
BRN # 35466

Property details

Property Type

Whole Building

Property Size

13,681 sqft / 1,271 sqm

Bathrooms

none

Available from

5 Dec 2024