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Damac Hills – Golf Promenade in Dubai

Name: Sales in Damac Hills – Golf Promenade started!
Start: 2019-11-15T08:16:11.296181+00:00
End: 2023-12-31T23:59:59+0000
Location: Damac Hills – Golf Promenade

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Project info

Object ID: 1161

Finished at	November 2019
Price, m²	From 3900$
Buy online	Details
Installment plan	no
Bank mortgage
Property type	Aparment building
Square	from 75.00 m²
Floors	10
Apartments	142
Building phase	Completed
Condition	Fresh renovation
Construction type	Monolyth
Security	Security Reception
Conveniences	Spa Fitness Pool Kids playground
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

292,500$

Net profit

8,283$

Payback period

27.6 years

Avg property value increase per year

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About the project

Amenities

Steam room, Sauna, Temperature-controlled swimming pool, State-of-the-art gymnasium, Concierge service, Full Access to the 9 hole Golf Course, Landscaped Gardens, Children’s Play Area, Tasteful Interiors, High-end Lobby, Elevators, Restaurant

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