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APARTMENT FOR SALE IN PARAMOUNT TOWER HOTEL & RESIDENCES, BUSINESS BAY
Corsa Real Estate is Proud to offer you this beautiful hotel apartment located in Business Bay, in a brand new project handed over in 2023, Paramount Midtown by Damac Properties.
This hotel apartment, very spacious with its 520 sqft, offers investors a great opportunity to diversify their investment into Real Estate Market in this vibrant City.
The owner of this unit will be able to have till 14 days per year of complimentary stays in his or in similar rooms, with same size and features. And he will be paid from the Hotel with a net yearly rental yield around 6,5 - 7%, as per the data we have from year 2023.
Do not lose this opportunity to invest in a brand new project that is generating a safe return on your capital. Contact Corsa now to arrange a viewing.
See all transactions in this location
Burj Khalifa View | Brand new | Fully Furnished
Property Type:
Apartment
Property Size:
520 sqft / 48 sqm
Bedrooms:
studio
Bathrooms:
1
Service Charges:
19.18 AED per sqft
Available from:
8 Apr 2024
Location
Paramount Tower Hotel & Residences
Dubai, Business Bay
Agent
Ilona Lobkova
CORSA FOR REAL ESTATE BUYING & SELLING BROKERAGE
(21 Properties)
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Amenities
Central A/C
Balcony
Shared Pool
Security
Concierge
Covered Parking
Built in Wardrobes
Kitchen Appliances
View of Landmark
Shared Gym
Children's Pool
Description
This hotel apartment, very spacious with its 520 sqft, offers investors a great opportunity to diversify their investment into Real Estate Market in this vibrant City.
The owner of this unit will be able to have till 14 days per year of complimentary stays in his or in similar rooms, with same size and features. And he will be paid from the Hotel with a net yearly rental yield around 6,5 - 7%, as per the data we have from year 2023.
Do not lose this opportunity to invest in a brand new project that is generating a safe return on your capital. Contact Corsa now to arrange a viewing.
Transactions for Similar Properties
NaN Beds Apartment in Paramount Tower Hotel & Residences
Sold for
| Date | AED | Area (sqft) |
|---|---|---|
| 3 Apr 2024 | 880,000 | 520 |
| 20 Feb 2024 | 1,400,000 | 520 |
| 20 Feb 2024 | 1,400,000 | 520 |
| 21 Dec 2023 | 2,035,000 | 627 |
| 21 Dec 2023 | 800,000 | 520 |
Rented for
| Date | AED/year | Area (sqft) |
|---|---|---|
| 9 Nov 2023 | 55,000 | 466 |
| 16 Oct 2023 | 70,000 | 466 |
| 1 Jun 2023 | 75,000 | 692 |
| 9 Nov 2022 | 55,000 | 466 |
| 7 Oct 2022 | 55,000 | 467 |
Powered byDataGuru
This property costs 23% more than the average price of studio bedroom in Business Bay
Average Sale Price is 1,055,358 AED
This property is 5% bigger than the average size of studio bedroom in Business Bay
Average size is 497 sqft
The data displayed is based on average prices and sizes of all listings that were live on Property Finder in Business Bay
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Monthly payment
5,427 AED
with interest rate of
3.89%
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Reference:
corsa-8231980
Listed:
22 days ago
Broker ORN:
35757
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Own this from just
5,427 AED/monthIlona Lobkova usually responds within 5 minutes
Own this property from just
5,427 AED /month
Fixed rates from: 3.89%
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