Sale in Damisco 2: BUILDING FOR SALE | GREAT INVESTMENT |FULLY RENTED

Tanami Properties is proud to present this exclusive building for sale in District 13 of Jumeirah Village Circle which is one of the best ROI generating neighbourhoods of Dubai.

In close proximity to Downtown Dubai and Dubai Marina , JVC ranks third in the UAE's popular community list. It is linked to 3 major highways of Dubai i.e. MBZ road, Hessa Street & Al Khail Road allowing residents to easily commute to different parts of the city.

This property is Ground + 4 storeys and was completed in the end of year 2019. It’s located on a corner plot of 26,640 sq.ft. and has a GFA of 90,000 sq.ft. It boasts of Mediterranean designs with some Arabic flair and was originally constructed as the owner’s family residence with utmost regards to construction quality.

It consists of 66 apartments & retails along with Gym & Swimming Pool, composition as follows:

• 9 units of Studios w/o balcony ranging 500 – 530 sq.ft.
• 29 units of 1 bed apts. with & w/o balcony ranging 605 – 995 sq.ft.
• 21 units of 2 bed apts with & w/o balcony ranging 1,146 – 1,927 sq.ft.
• 5 units of 3 bed apts with & w/o balcony ranging 1,654 – 2,613 sq.ft.
• 2 units of retail shop with an average area of 800 sq.ft.

Currently, the building is fully rented generating an annual income of AED 3.55M (gross) & AED 3.35M (net) at old rentals. There is an easy potential to increase rental revenue by at least 10%. The asking price is AED 555 per sq.ft. on GFA whereas the current average price of JVC is at AED 1,200 per sq.ft. allowing the buyer sufficient margins to resell it in the future as a whole or individually.

For further information and viewings, contact Murtaza Taher.

Landline:97144558201
Mobile: +971589555068

Company name: Tanami Properties
RERA ORN: 17410
Address: Office 3405, Marina Plaza, Dubai
Website: [link not available]