| Bedrooms: 1 | Size: 550 sq ft | |
| Reference: DB079 | Price Range: 650,000 dirham |
Buy 1BR hotel apartment with the most attractive price for investment in The First Central Hotel Apartments at Barsha Heights (Tecom), Dubai!
550 sqft
Title Deed available
Hotel could be found at Bookingdotcom under name "First Central Hotel Suites".
Hotel room is under hotel management.
All of the apartments in The First Central are managed and rented out by management company and the owners must enter into the management scheme and can not use or manage the apartments themselves.
Income from all apartments is pooled and the net proceeds are shared out pro-rata between all the owners. Even if the hotel room will be empty during year the income will be calculated from the pool of all hotel.
Opened October 2011
Income not guaranteed
Stunning location at the one of attractive business area - Barsha Heights (TECOM).
The Millennium Place Marina
⁃ a stunning location in the heart of the city's most popular business location, Barsha Heights
⁃ Income distributions - two times/year
⁃ Highly efficient central reservation system ensures high occupancy rate
⁃ Owner profit share based on net profit of hotel operations
⁃ 2 weeks per year (first 5 years) for personal use at the similar room (need to book the reservation)
524 one bedroom and executive suites
Hotel ownership income program
Fully equipped kitchenette
Laundry and dry cleaning service
Roof top swimming pool and sun deck
Health club
Valet parking
24 hour reception
Concierge
Room service
Security
VAT is included in final price.
According Title Deed unit is hotel apartment - it's commercial property, so deal must be with VAT 5% which Seller must collect from the Buyer and pay to FTA.
