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Paramount Tower Hotel and Residences in Dubai

Name: Sales in Paramount Tower Hotel and Residences started!
Start: 2019-11-15T09:26:20.085353+00:00
End: 2023-12-31T23:59:59+0000
Location: Paramount Tower Hotel and Residences

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Project info

Object ID: 1169

Finished at	December 2020
Price, m²	From 6300$
Buy online	Details
Installment plan	no
Bank mortgage
Property type	Aparment building
Square	from 48.00 m²
Floors	50
Apartments	867
Condition	Black walls
Construction type	Monolyth
Elevators	8
Security	Security
Conveniences	Parking Spa Fitness Pool Kids playground Nearby subway stations Business Bay 5 min Burj Khalifa/Dubai Mall 7 min Financial Centre 16 min
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Personal discount certificate 300$
Free consultation	Ask a question

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

302,400$

Net profit

6,783$

Payback period

33.5 years

Avg property value increase per year

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About the project

Amenities

Elegant lobby, Steam room, Sauna, Kids Studio Club, Spa, Gym, Balcony, Built in Wardrobes, Kids Play Area, Concierge Service, BBQ area, Central A/C, Kids pool

Developer

Headquartered in Dubai in the United Arab Emirates, DAMAC Properties was founded in 2002 as part of the DAMAC Group and is specialized in pr…
Details about Damac Properties