Flipping 1BR with 37% increase in value
Apartment: 1 bedroom in Al Arta 2
Area: The Greens
Cost of the apartment at purchase: $238,420
Cost of the apartment at sale: $325,910
Apartment value growth: 37%
Deal cycle from purchase to sale: 5 months
Investor's profit: $23,171
Investor's annual return: 19%
Area: The Greens
Cost of the apartment at purchase: $238,420
Cost of the apartment at sale: $325,910
Apartment value growth: 37%
Deal cycle from purchase to sale: 5 months
Investor's profit: $23,171
Investor's annual return: 19%
Flipping 1BR with 37% increase in value
Apartment: 1 bedroom in Al Arta 2
Area: The Greens
Cost of the apartment at purchase: $238,420
Cost of the apartment at sale: $325,910
Apartment value growth: 37%
Deal cycle from purchase to sale: 5 months
Investor's profit: $23,171
Investor's annual return: 19%
Area: The Greens
Cost of the apartment at purchase: $238,420
Cost of the apartment at sale: $325,910
Apartment value growth: 37%
Deal cycle from purchase to sale: 5 months
Investor's profit: $23,171
Investor's annual return: 19%
In June 2023, an investor approached us with a request to find him a liquid flipping site in Dubai. He is engaged in this business in Russia and wanted to try the Dubai market. The investor trusted us completely and was only involved at the most important stages.
We decided to settle in The Greens neighborhood. It is the nearest bedroom to the Dubai Internet City district, where most IT company offices are concentrated, but there is no housing at all.
We decided to settle in The Greens neighborhood. It is the nearest bedroom to the Dubai Internet City district, where most IT company offices are concentrated, but there is no housing at all.
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| The Greens neighborhood The Greens is a low-rise development with quiet streets and plenty of parks. It is close to the metro, Dubai Marina and the main thoroughfares of the city. Attractions: There are luxurious golf courses, plenty of greenery and beautiful multi-storey buildings. And, at the same time, very close to Dubai Marina. Good transport accessibility: The area is located in the center of Dubai, close to the famous Dubai Marina and the prestigious Jumeirah district. Investment Attractiveness: Nearby are the offices of Google, Microsoft and many other IT companies. The Greens is very popular with IT workers, and large companies pick up housing for their employees, but there are very, very few apartments with beautiful renovation. So people are willing to pay well for such beauty. |
- Al Arta Tower 2
- Developer Emaar
- 1 bedroom, 1 bathroom and 1 balcony
- Area 70 sqm.
- 7 floor out of 7
Colife analysts made investment calculations for most of the available properties in the area. The most profitable, according to our data, was 1BR in Al Arta 2 tower. We quickly completed the turnkey transaction and began renovating and furnishing.
Immediately after the transaction, Colife's design team came to the property, took all the measurements, prepared an estimate and a design project. Our task was to fit into a small budget, but at the same time to make a stylish repair of excellent quality. In three months we transformed an old facility into a cozy family apartment.
Since The Greens neighborhood was developed by Emaar more than 15 years ago, most of the properties there are old. A freshly renovated apartment there is a great find.
The first client at the viewing of the property purchased it for $325,910. We recorded a net increase of 37% in the value of the apartment.
Immediately after the transaction, Colife's design team came to the property, took all the measurements, prepared an estimate and a design project. Our task was to fit into a small budget, but at the same time to make a stylish repair of excellent quality. In three months we transformed an old facility into a cozy family apartment.
Since The Greens neighborhood was developed by Emaar more than 15 years ago, most of the properties there are old. A freshly renovated apartment there is a great find.
The first client at the viewing of the property purchased it for $325,910. We recorded a net increase of 37% in the value of the apartment.
Complete facility calculations
Total attachments
293 400 $
Cost of the apartment at purchase
238 420$
Renovation and furnishing
32 098 $
Transaction cost
21 924 $
Selling cost
957 $
Cost of the apartment at purchase
238 420 $
Renovation and furnishing
32 098 $
Transaction cost
21 924 $
Selling cost
957 $
Total cost
292 442 $
Cost of the apartment at sale
325 910 $
Rental income
3 093 $
Profit from the sale
33 463 $
Colife Commission
13 385 $
Investor's profit
23 171 $
Investor's annual return
19%
Cost of the apartment at sale
325 910 $
Rental income
3 093 $
Profit from the sale
33 463 $
Colife Commission
13 385 $
Investor's profit
23 171 $
Investor's annual return
19%
We will find a liquid object for you and lease it to you
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