Corniche Tower in Ajman

Name: Sales in Corniche Tower started!
Start: 2019-11-29T11:47:08.453684+00:00
End: 2023-12-31T23:59:59+0000
Location: Corniche Tower

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Construction

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Project info

Object ID: 1840

Finished at	November 2019
Price, m²	From 6500$
Buy online	Details
Installment plan	no
Bank mortgage
Property type	Aparment building
Square	from 45.00 m²
Floors	43
Building phase	Completed
Condition	Fresh renovation
Construction type	Monolyth
Security	Security
Conveniences	Parking Fitness Pool
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

292,500$

Net profit

6,783$

Payback period

32.4 years

Avg property value increase per year

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About the project

Amenities

Swimming Pool, Cafe and Restaurants, Central Air Conditioning, Health Club, Gymnasium, Balcony, Kitchen Appliances, Private Jacuzzi, Built in Wardrobes, City Views, Maid Service

Developer

Sweet Homes Group is a leading group of companies established in the year 2003 as a property buying and selling agent in the Unites Arab Emi…
Details about Sweet Homes Real Estate