Damac Towers in Dubai

Name: Sales in Damac Towers started!
Start: 2019-11-18T07:16:50.557363+00:00
End: 2023-12-31T23:59:59+0000
Location: Damac Towers

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Project info

Object ID: 1209

Finished at	November 2019
Price, m²	From 6100$
Buy online	Details
Installment plan	no
Bank mortgage
Property type	Aparment building
Square	from 98.00 m²
Floors	66
Apartments	1200
Building phase	Completed
Condition	Fresh renovation
Construction type	Monolyth
Elevators	12
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

597,800$

Net profit

9,376$

Payback period

50.9 years

Avg property value increase per year

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About the project

Amenities

Fully furnished, Eight restaurants, bars and lounges, Retail outlets, including a Paramount Hotels & Resorts boutique, Wellness and fitness centre, Grand lobby, Steam room, Sauna, Kids Studio Club, Luxury spa, Meetings and events facilities

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