Rak Tower in Abu Dhabi

Name: Sales in Rak Tower started!
Start: 2019-11-28T12:13:59.335779+00:00
End: 2023-12-31T23:59:59+0000
Location: Rak Tower

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Construction

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Project info

Object ID: 1782

Finished at	November 2019
Price, m²	From 3200$
Buy online	Details
Installment plan	no
Bank mortgage
Property type	Aparment building
Square	from 85.00 m²
Floors	44
Apartments	550
Building phase	Completed
Condition	Fresh renovation
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

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

272,000$

Net profit

9,376$

Payback period

23.1 years

Avg property value increase per year

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About the project

Amenities

Swimming Pool, Balcony, Cafe and Restaurants, Central Air Conditioning, Spa, Children's Swimming Pool, Jacuzzi & Steam, Retail Facilities, Gymnasium, Pets Allowed, Concierge Services, BBQ area, Children's Play Area

Developer

Rak Properties was founded in 2005, based on the vision of His Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah. Rak Propert…
Details about RAK Properties