AED650,000
Own this from just
2,673 AED/month1 Bedroom
1 Bathroom
550 sqft / 51 sqm
HOTEL & HOTEL APARTMENT FOR SALE IN FIRST CENTRAL HOTEL APARTMENTS, BARSHA HEIGHTS (TECOM)Buy 1BR hotel apartment with the most attractive price for investment in The First Central Hotel Apartments at Barsha Heights (Tecom), Dubai!
550 sqft
Title Deed available
Hotel room is under hotel management.
All of the apartments in The First Central are managed and rented out by management company and the owners must enter into the management scheme and can not use or manage the apartments themselves.
Income from all apartments is pooled and the net proceeds are shared out pro-rata between all the owners. Even if the hotel room will be empty during year the income will be calculated from the pool of all hotel.
Opened October 2011
Income not guaranteed
Stunning location at the one of attractive business area - Barsha Heights (TECOM).
The Millennium Place Marina
⁃ a stunning location in the heart of the city's most popular business location, Barsha Heights
⁃ Income distributions - two times/year
⁃ Highly efficient central reservation system ensures high occupancy rate
⁃ Owner profit share based on net profit of hotel operations
⁃ 2 weeks per year (first 5 years) for personal use at the similar room (need to book the reservation)
524 one bedroom and executive suites
Hotel ownership income program
Fully equipped kitchenette
Laundry and dry cleaning service
Roof top swimming pool and sun deck
Health club
Valet parking
24 hour reception
Concierge
Room service
Security
There is VAT 5% which Seller must collect from the Buyer and pay to FTA
For Investments⎮Attractive location
550 sqft
Title Deed available
Hotel room is under hotel management.
All of the apartments in The First Central are managed and rented out by management company and the owners must enter into the management scheme and can not use or manage the apartments themselves.
Income from all apartments is pooled and the net proceeds are shared out pro-rata between all the owners. Even if the hotel room will be empty during year the income will be calculated from the pool of all hotel.
Opened October 2011
Income not guaranteed
Stunning location at the one of attractive business area - Barsha Heights (TECOM).
The Millennium Place Marina
⁃ a stunning location in the heart of the city's most popular business location, Barsha Heights
⁃ Income distributions - two times/year
⁃ Highly efficient central reservation system ensures high occupancy rate
⁃ Owner profit share based on net profit of hotel operations
⁃ 2 weeks per year (first 5 years) for personal use at the similar room (need to book the reservation)
524 one bedroom and executive suites
Hotel ownership income program
Fully equipped kitchenette
Laundry and dry cleaning service
Roof top swimming pool and sun deck
Health club
Valet parking
24 hour reception
Concierge
Room service
Security
There is VAT 5% which Seller must collect from the Buyer and pay to FTA
Property details
Property Type
Hotel & Hotel Apartment
Property Size
550 sqft / 51 sqm
Bedrooms
1
Bathrooms
1
Available from
19 Apr 2025
Amenities
Furnished
Built in Wardrobes
Central A/C
Covered Parking
Kitchen Appliances
Shared Pool
Security
Concierge
Shared Spa
Shared Gym
Location
Provided by
Exclusively on Property Finder
Response time
within 5 minutes
Languages
English, Russian
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Monthly payment
2,673 AED
with interest rate of
3.75%
Regulatory information
Regulatory information
Reference
FSDZEFXKFKZAQAR6F96HD2E2ZM
Listed
1 hour ago
Broker License
12609
Agency name
QALB ALMADINAH REAL ESTATE BROKER
Zone name
Al Thanyah First
Agent License
29987
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Own this property from just
2,673 AED /month
Fixed rates from: 3.75%
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