Art Tower Apartments in Sharjah

Name: Sales in Art Tower Apartments started!
Start: 2019-11-29T08:42:53.328309+00:00
End: 2023-12-31T23:59:59+0000
Location: Art Tower Apartments

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Project info

Object ID: 1819

Finished at	September 2020
Price, m²	From 1600$
Buy online	Details
Installment plan	no
Bank mortgage
Property type	Aparment building
Square	from 43.00 m²
Floors	24
Apartments	300
Condition	Black walls
Construction type	Monolyth
Security	Security
Conveniences	Parking Spa 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

68,800$

Net profit

6,783$

Payback period

7.6 years

Avg property value increase per year

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About the project

Amenities

Art gallery, Balcony, Built in wardrobes, Central air conditioning, City Views, 24 Hours Maintenance, Bank/ATM Facility, Nursery, Mosque, Public park, Shopping mall, Shops, Pets Allowed, Gym, Spa

Developer

Founded in 2006, FAM Holding is active in several industries in the Dubai region. With vast experience and specialization in many spheres, F…
Details about FAM Holding