The complex on Dadiani Street in Tbilisi

Name: The complex on Dadiani Street
Brand: Dux Development
SKU: 2273
Availability: InStock

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Project info

Object ID: 2273

Finished at	December 2019
Price, m²	From 550$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 38.00 m²
Floors	11
Apartments	40
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Delisi 8 min Vazha-Pshavela 10 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

20,900$

Net profit

5,883$

Payback period

2.6 years

Avg property value increase per year

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About the project

The residential complex is located on 118/120 Tsotne Dadiani street, 100 meters from Nadzaladevi metro station. One of the advantages of the project is the location, private and public schools in the neighborhood, kindergartens, parks, playgrounds and shops - all this together creates more comfort for our residents.

The project consists of 11 floors, -1 is intended for parking space, the 1st floor is intended for commercial use, and the remaining 8 floors are sold as apartments. Each floor has 5 apartments, modern architectural solutions allow us to offer apartments with a comfortable space (apartments starting from 37 m2) Our designers offer customers individual apartment layouts.

The construction value is always determined by the high quality of construction materials, which is a guarantee of reliable investment. We always work with the best brands.

Developer

Dux Development is a subsidiary of the Azerbaijani investment firm ORC Group. Our company is based on the experience of partners who have su…
Details about Dux Development