Apartment in JLT with ROI 7.8%
- Apartment: 1br in Al Waleed Paradise
- Area: JLT (Jumeriah Lake Towers)
- Total Cost: $218,320
- Net Income: $1420 per month
- Net rental income for 1 year: 7.8%
- Increase in value over 1 year: 28.6%
Apartment in JLT with ROI 7.8%
Apartment: 1br in Al Waleed Paradise
Area: JLT (Jumeriah Lake Towers)
Total Cost: $218,320
Net Income: $1420 per month
Net rental income for 1 year: 7.8%
Increase in value over 1 year: 28.6%
Area: JLT (Jumeriah Lake Towers)
Total Cost: $218,320
Net Income: $1420 per month
Net rental income for 1 year: 7.8%
Increase in value over 1 year: 28.6%
In January 2023, a client came to us asking for a property up to $250.000 in the JLT area. We looked at several properties and settled on a 1-bedroom apartment in Al Waleed Paradise.
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JLT neighborhood JLT is an ideal neighborhood for investment and living. Eco-friendly: The neighborhood is built around three artificial lakes and has a huge 55,000 m² green park. In winter there is a market, yoga workshops and open-air movie screenings. Good transport accessibility: 2 metro stations and exit on Sheikh Zayed road, beaches are literally 15 minutes away, and the nearest major shopping center Dubai Marina Mall is 5 minutes away by car. Developed infrastructure: 2 universities, several kindergartens, many supermarkets, medical centers. You can walk to the Marina and beaches, |
- Al Waleed Paradise tower
- 1 bedroom, 2 bathrooms
- Area 65 sqm.
- 1 floor out of 35
Our team prepared a design project for the apartment, made renovations, purchased furniture, decor and everything necessary for living.
In February 2023, just 1 month after the deal was finalized, we rented the apartment for $2700 per month, and even in off season it consistently rents for at least $2000.
The net profit from this apartment for the year was over $17.000 (after deducting Colife commission and maintenance costs).
The net profit from this apartment for the year was over $17.000 (after deducting Colife commission and maintenance costs).
Complete facility calculations
Cost of the object
190 400 $
Renovation and furnishing
10 028 $
Land Department
7 774 $
Property registration
1151 $
Colife Commission
7 716 $
Check manager
1 370 $
Total cost
218 320 $
Cost of the object
190 400 $
Renovation and furnishing
10 028 $
Land Department
7 774 $
Property registration
1151 $
Colife Commission
7 716 $
Check manager
1 370 $
Total cost
218 320 $
Rental cost
25 995 $
Building maintenance
5 044 $
Colife Commission
3 899 $
Net income
17 052 $
ROI
7,8%
Rental cost
25 995 $
Building maintenance
5 044 $
Colife Commission
3 899 $
Net income
17 052 $
ROI
7,8%
We will find a liquid object for you and lease it to you
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