High ROI Residential Building for Sale

Olive Park Residence

Situated in the vibrant International City 2, Olive Park Residence offers exceptional connectivity and convenience.

-Building Overview:
- Total of 106 residential units: 76 studios and 30 1-BHK apartments.
- Spread across a basement, ground floor, and 1st to 5th floors.
- Plot Size: 26,124ft²; Built-Up Area: 107,070 ft²; Sellable Area: 63,464 ft².

Amenities and Utilities:
- Facilities include a gym, swimming pool, and a multi-purpose room.
- Equipped with a centralized gas system and SIRA-compliant CCTV.
- Offers male and female changing rooms and showers.

Parking:
- Total of 109 parking spaces: one for each flat plus 3 extra.
- Parking floors are located in the basement and ground levels.

-High-Quality Finishes:
- Elegant Armani Grey and White Wood Marble in entrance and lift lobbies.
- Kitchens with off-white quartz tops and bathrooms with Vitra sanitary ware.
- Light fittings feature energy-efficient LED technology.

Financial Highlights:
- Selling Price: AED 58,000,000.
- Net Annual Rent: AED 4,350,000 with an attractive ROI of 7.5%.
- Net Rent for 3 Years: AED 13,050,000.

Safety and Systems:
- Advanced fire safety with Naffco fire pump and alarm system.
- Trane AC units and Guardian double-glazed sunguard HD glazing.
fäm Properties
Contact Us - +971-48372614
Toll free: 800fam800 (800 326 800)
Email: cc@famproperties.com
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Property details

Property Type

Whole Building

Property Size

26,124 sqft / 2,427 sqm