Overview
Property Description
Dubai Premium investment with high return
We recommend premium investment properties for buyers with higher capital seeking shorter return periods and higher yields! The premium investment properties are located in exclusive areas of Dubai (Business Bay, Dubai Marina, Downtown, Palm Jumeirah, etc.) and are situated in outstanding buildings. These properties can be in ready-to-move-in conditions, such as Damac Towers by Paramount or DAMAC Majestine Business Bay Tower, or they can be under construction (off-plan), like Canal Heights, Canal Crown, Volta Tower, or Damac Lagoons. You can read our off-plan case study here.
Overview of the property
Property type: Apartment
Location: Damac Towers by Paramount Hotels And Resorts, Business Bay, Dubai
Property size: 1 bedroom, 87 sqm
Price: 2,400,000 AED ($653,524)
Location
The property is situated in one of the towers of Damac Towers by Paramount Hotels and Resorts. This complex is located in the bustling Business Bay community, at the heart of Dubai. It is surrounded by commercial, residential, hospitality, entertainment, and leisure facilities, complemented by green spaces, water features, lakes, and fountains. The towers are in close proximity to some of the world’s tallest structures, including the Burj Khalifa, the largest mall, the International Finance Center, and the Dubai World Trade Center.
Damac Towers by Paramount Hotels And Resorts is a development consisting of four towers, bringing the cool Hollywood glamour of California to the city’s most exciting retail and entertainment units. Three towers host 1,200 luxury apartments, where the elegant interior theme is inspired by iconic studio aesthetics. The fourth tower serves as the location for a hotel operated by Paramount Hotels. The towers are equipped with luxurious amenities, including a stunning infinity pool, a vast sun deck, and panoramic views of the Burj area.
Investment calculator
Appreciation
Investment amount: 2,400,000 AED.
Expected property value increase: 12%
Annual appreciation: 288,000 AED ($78,429)
Utilization opportunuties
An UAE Golden Visa can be applied for when purchasing a property of high value (AED 2,000,000+).
It is also possible to rent out the property, which can be done independently or with the help of a property management company.
Annual rental income: AED 105,000 ($28,594)
Gross annual return: AED 1,260,000
Gross annual return (%): 4.4%
Estimated Annual Yield: 12% (Appreciation) + 4.4% (Rental Income)
- Principal and Interest
- Property Tax
- HOA fee
