| Size: 426 sq ft | ||
| Reference: DB096 | Price Range: 370,000 |
Studio with the most attractive price for sale (investment) in Grand Heights Dubai Hotel Apartments at Barsha Heights (Tecom).
The hotel works under name "Grand Heights Dubai Hotel Apartments" and can be viewed at Bookingdotcom.
Gross area 425.50 sqft
Title Deed available
Opened 2012
Stunning location at the prime business area - Barsha Heights (TECOM)
A short stroll from Dubai Metro’s Barsha Heights station
Iconic, 18-storey curved glass design
Hotel ownership income program
Laundry and dry cleaning service
Retail and food and beverage outlets
Ground floor luxury swimming pool, sun deck, and gymnasium
Valet parking
24 hour reception
Concierge
Room service
Security
The Grand Heights Dubai Hotel Apartments (Grand Central) is located in the heart of New Dubai which is ideally located along Sheikh Zayed Road close to Dubai Marina and The Palm Jumeirah and Mall of the Emirates and it will ensure investors reap the highest long-term rewards from their investment in the property.
Investors will have two benefits:
- Up to 14 nights free during first 5 years
- Income distributions each 6 months.
It is an attractive investments for investors who don't want to be involved in management of the properties themselves.
Income not guaranteed
Unit is under hotel management.
Legally unit is a flat (residence). But all units in Grand Central are managed and rented out by hotel management company and the owners MUST enter into the management scheme and can not use or manage the apartments themselves.
Owner profit share based on net profit of hotel operations.
Income from all apartments is pooled and the net (after hotel management commission) 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 units.
Portfolio of hotel units is available.
Permit 7176826960
