Sale
AED 43,000,000
- 13,681
sqft
Reference No.
DLD Permit No.
Basic housing information
Re Type
Property type
Completion status
Listing status
Furnishing
Introduction
Engage Properties is delighted to offer a prime investment opportunity with this well-maintained residential building located in the vibrant community of Al Barsha 1. Positioned just a 5-minute walk from Mall of the Emirates, this property combines convenience, functionality, and excellent investment potential. Features: - Location: Al Barsha 1 - Plot Area: 13,700 sq. ft. - BUA: 93,500 sq. ft. - 2+G+8 Floors + Roof - Fully Furnished with Appliances - 2 Retail Shops - 3 Offices - 49 Parking Slots - 48 Units: - 32 One-Bedroom Apartments - 16 Two-Bedroom Apartments - Outdoor Swimming Pool, Gym, Changing Rooms - Tenanted with Current Gross ROI: 9.3% - Expected Gross ROI: 10.9% After Rent Revision Key Details: - Only Locals and GCC Investors are eligible to purchase, as Al Barsha 1 is a non-freehold area. - Subject to transactional fees, including agency commission and DLD fees. This building is a lucrative investment, offering a steady income stream with growth potential through rent revisions. Its proximity to key landmarks like Mall of the Emirates and excellent facilities make it an attractive option for investors. For more information, please contact: Maya Azem at +971 50 396 9227 BRN # 35466
Amenities
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Property price
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Loan duration
25 yearsInterest rate
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Disclaimer
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