Name: Furnished 1 bedroom Apartments for sale in Platinum One, Arjan
Brand: Property Finder

Arjan

Platinum One

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1 bedroom Apartments for sale in Platinum One - 1 BHK Flats for sale | Property Finder UAE

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Furnished 1 bedroom Apartments for sale in Platinum One, Arjan

Elite - bricks AY

ELITE BRICKS REAL ESTATE BROKERS L.L.C

This unit and all other units in the building are entirely managed by Oryx leasing.

Oryx collect rent on furnished units (all bills paid basis), pay expenses like service charges, utilities, maintenace etc and then pay the net rent to owners which is approx 12k annual currently (expected to increase going forward as the  rentals are increasing every year).

Additionally they give 28 days complimentary stay to the owner, which owner can stay himself or rent someone on short term furnished unit (all bills paid) basis. Since this property is close to tourist attraction (miracle garden) the 28 days can earn up to 10k approx if rented during peak season time.

So total return currently is around (12k + 10k) 22k, expected to go up going forward.
 This unit is for sale as furnished unit. The property management contract will pass on to the next buyer.

The property management contract was signed for 20 years with 10 years remaining (expiry date 2034).

After expiry of property management contract (2034) the unit has to be managed by owner himself.

This is purely investor product (not end user product).

Owner dont need to appoint any agent for this. The net rent is transfered by Oryx Leasing to the owners bank account (anywhere in the world).

Furnished 1 bedroom Apartments for sale in Platinum One, Arjan

Amazing Price | Fully Furnished 1BHK | For Sale

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