Whole Building | Dubai Marina (Dubai Marina, Dubai)

AED 310,000,000
BUA217,761 ft2
Price per ft21,424 AED
Property typeResidential Building
AreaDubai Marina
DevelopmentDubai Marina Walk
ID (Ref.No)INV-54986
Residential Building | Al Habtoor Tower at Marina Walk
An exclusive offer for demanding buyers longing to become landlords.
A whole luxurious 31-storey residential Al Habtoor Tower at Marina Walk is ready to change its owner. The seventh tower of the Dubai Marina development, it benefits from a spectacular waterfront location.
The tower comprises 165 luxurious one, two and three bedroom apartments, 4 two to three bedroom townhouses and 6 retail units.
Total Building built up area: 35,083 sq m (217,761 sqft)
All apartment units and townhouses have partial or full marina & SZR view ranging in size from Sq.Ft 839 to to 2,481.
Al Habtoor Tower is located on a not so busy street of Dubai Marina and a short distance away from the Metro Station, among luxurious high-rises and villas set against the backdrop of the Marina. With yachts moored along the Marina and some of the city’s best dining, entertainment and leisure facilities, Dubai Marina is the first choice for the stylish and sophisticated.
Current turnover for Al Habtoor Tower is AED 25.2 million and expenses are AED 4.9 million, while net profit for the last year amounted to AED 20,4 million.
And, the revenue may be even higher in case the building is transferred to a new owner. The reasons are the following:
• Many of the rents are old, i.e. lower than the current average market price;
• A lot of tenants are Al Habtoor Group employees with their rents paid as per their allowances, which also gives opportunities to raise rental price after they leave after the building changes the owner;
• No high turnover in occupancy rate;
• Steadily increasing rates in the area;
• A possibility to get a minimum of AED 28,000,000 turnover within 2 years.
Location
Related offers
AED 310,000,000
BUA217,761 ft2
Price per ft21,424 AED
Property typeResidential Building
AreaDubai Marina
DevelopmentDubai Marina Walk
ID (Ref.No)INV-54986
Oleg Lavrik
Agent | BRN: 5201
Language: English, Russian
Office Tel: +971 4 3951911
Tel: +7 903 232 80 80
Tel: +971 50 2528188    
E-mail: oleg@imexre.com
Skype: resident69

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