Hotel Room | 6.7% NET ROI | Free Stay
Property Type:
Apartment
Property Size:
635 sqft / 59 sqm
Bedrooms:
studio
Bathrooms:
1
Location
FIVE Palm Jumeirah
Dubai, Palm Jumeirah
Agent
Tony Hajjar
Luxe Realty GroupVIVID REALTY REAL ESTATE BUYING & SELLING BROKERAGE L.L.C
(28 Properties)Amenities
Central A/C
Balcony
Shared Pool
Shared Spa
Security
Concierge
Maid Service
Covered Parking
Built in Wardrobes
Kitchen Appliances
View of Water
View of Landmark
Shared Gym
Lobby in Building
Children's Play Area
Barbecue Area
Description
- 635.07 sqft
- Largest layout for studio
- Fully furnished hotel apartment
- No service charges
- No bills
- Pool & EMAAR Beachfront view
- Discounts across FIVE brands
- 14 complimentary nights every year
- Valet parking
- 24/7 concierge
- 24/7 security
Take this opportunity to own a hotel room in FIVE Palm and enjoy a hassle free investment. With no bills or service charges to pay, you can sit back, relax and take your annual fees as the hotel manage your unit.
As an owner, you receive 40% of the net room revenue, equal to your properties square foot, meaning that you generate revenue regardless of whether your specific property is occupied or not. In 2022, this meant a payout of over AED 130,000. As this is one of the most well known hotels in Dubai, you can be confident that this investment will continue to pay out.
At Vivid Realty, we're committed to making your real estate dreams a vivid reality. Contact us to learn more and embark on your journey to your dream home.
Transactions for Similar Properties
NaN Beds Apartment in FIVE Palm Jumeirah
Sold for
Date | AED | Area (sqft) |
---|---|---|
22 Apr 2024 | 1,741,600 | 622 |
21 Mar 2024 | 1,830,000 | 607 |
7 Mar 2024 | 1,725,493 | 614 |
7 Mar 2024 | 1,725,493 | 622 |
21 Feb 2024 | 1,700,000 | 615 |
Rented for
Date | AED/year | Area (sqft) |
---|---|---|
There are no transactions to display |
Powered byDataGuru
This property costs 25% more than the average price of studio bedroom in Palm Jumeirah
Average Sale Price is 1,604,314 AED
This property is 15% bigger than the average size of studio bedroom in Palm Jumeirah
Average size is 550 sqft
The data displayed is based on average prices and sizes of all listings that were live on Property Finder in Palm Jumeirah
Get the right mortgage for you
Estimate your monthly mortgage payment
Monthly payment
8,349 AED
with interest rate of
3.89%
Powered by
Reference:
Vivid-111
Listed:
27 days ago
Broker ORN:
35034
More available in the same area
Apartment
1,800,000 AED
FIVE Palm Jumeirah, Palm Jumeirah, Dubai
studio
1
614 sqft
Apartment
1,900,000 AED
FIVE Palm Jumeirah, Palm Jumeirah, Dubai
studio
1
560 sqft
Apartment
2,200,000 AED
FIVE Palm Jumeirah, Palm Jumeirah, Dubai
studio
1
645 sqft
Apartment
2,000,000 AED
FIVE Palm Jumeirah, Palm Jumeirah, Dubai
1
1
615 sqft
2,000,000 AED
Own this from just
8,349 AED/monthTony Hajjar usually responds within 5 minutes
Own this property from just
8,349 AED /month
Fixed rates from: 3.89%
Get pre-approvedIn partnership with