Homes Abroad the UK's leading guide to Holiday Homes Abroad

  • 0
  • Dubai
Price £67,167
  • title image
  • title image
  • title image
  • title image
  • title image

Property Description

£68,167 which includes 25% payable from rental income
Studio Apartment for Investment
Al-Warsan –Int. City. Emirates Road. Dubai

Key Features

Property already rented
Up to 10% rental yield
Studio Apartment
580 sq. ft. Gross Area
Free Car parking included
2 Year 8% Rental Guarantee
Freehold Property
Secure Buying Process
Seller Offices in UK and Dubai

Full Description
The seller of these Studio apartments provides a complete investment solution. Properties are already rented out and come with 2 years rental guarantee and full property management.

Building are 4 stories with shops on ground floor and Studio and 1-bed apartments on the other floors. This area is between Dubai Airport and Dubai University on Emirates Road and is not on the seaside. This is a developed area with shops, good transport and many building with about 20,000 apartments, with almost all of these being owner occupied or rented. There are good bus services into the city centre and many people drive to Rashidya Metro Station car park and then go into the city via the Metro.

The floor plan consist of Large Lounge/Bedroom area, with Kitchen and apartment bathroom.

Dragon Mart Mall is nearby and a new Phoenix Mall is due to be constructed within walking distance. The prices are paid in AED. The sterling prices are approximate and shown at rate 6.0 but these will vary a little with exchange rate. Please check latest pricing with seller. There are also 2% sales fees and 2% transfer fees (plus AED 4,000 additional fixed transfer fee for freehold properties) payable to Dubai Land Department on Title deed transfer which is normally after the second payment.

These Studios were selling for AED 590,000 (£98,000) at peak in September 2008 and are heading towards that level as prices are now rising every month. This is great value as this allows you to purchase an apartment worth £379,000 now, for just AED 285,000 of your own money. In 2 to 3 years the property may be worth a lot more than AED 379,000 as prices are now rising in Dubai!

For pure investment these lower cost apartments perform better than prime seaside property and have lower service charges and higher net rental yields. We also expect the percentage growth to be higher than seaside properties where prices are already very high.

Upon enquiry we can send you the full purchase process and viewing can be arranged when you visit Dubai. The seller has offices in the UK and Dubai and provides a complete investment solution including full property management.

These are NOT on the seaside and do not include holiday facilities (swimming pools, gyms etc). This keeps service charges - low giving you more net rent. They are most suited to investment. Most owners keep the properties rented out all of the time and keep the rental income in Dubai. They then use some of the rental income for their holidays and rent something suitable e.g. 2-bedroom on seaside for family use for 2 weeks. This works out better than trying to use your own property.

Make Enquiry....

Property Location

country location
Join the HomesAbroad Newsletter