A $250,000 condo with a 10% annualized rate of return
- Apartment: 1 bedroom in Concorde Tower
- Area: JLT (Jumeriah Lake Towers)
- Total Cost: $248,000
- Net Income: $2139 per month
A $250,000 condo with a 10% annualized rate of return
Apartment: 1 bedroom in Concorde Tower
Area: JLT (Jumeriah Lake Towers)
Total Cost: $248,000
Net Income: $2139 per month
Area: JLT (Jumeriah Lake Towers)
Total Cost: $248,000
Net Income: $2139 per month
In November 2022, a client came to us with a request for a property up to $250,000 near the sea and Marina. We looked at several properties and settled on a 1-bedroom apartment in JLT, which is one of our client's favorite neighborhoods.
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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, |
- Concorde Tower by developer 32 group
- 1 bedroom, 2 bathrooms and 2 dressing rooms
- Area 90 sq.m.
- 13th floor out of 45
Our team prepared a design project for the apartment, made repairs, purchased furniture, decor and everything necessary for living.
Just 1 month after the deal was closed, we rented the apartment for $3200 per month. Net profit from this apartment will be over $25,500 per year (after deducting Colife commission and maintenance costs). Similar apartments in this tower rent for $21,000-23,000 per year, but we were able to get a better price due to the mid-term rent and tenant services.
Complete facility calculations
Cost of the object
216 438 $
Renovation and furnishing
9 863 $
Land Department
9 238 $
Property registration
1151 $
Colife Commission
8 658 $
Check manager
3 247 $
Total cost
248 594 $
Cost of the object
216 438 $
Renovation and furnishing
9 863 $
Land Department
9 238 $
Property registration
1151 $
Colife Commission
8 658 $
Check manager
3 247 $
Total cost
248 594 $
Rental cost
39 452 $
Building maintenance
7 973 $
Colife Commission
5 918 $
Net income
25 561 $
ROI
10,3%
Rental cost
39 452 $
Building maintenance
7 973 $
Colife Commission
5 918 $
Net income
25 561 $
ROI
10,3%
We will find a liquid object for you and lease it to you
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