The Neighbourhood in Dubai

Name: Sales in The Neighbourhood started!
Start: 2019-11-21T13:10:10.932367+00:00
End: 2023-12-31T23:59:59+0000
Location: The Neighbourhood

Renders

Construction

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Property for sale in The Neighbourhood — look at the real estate search engine GEOLN.COM. Photo 1

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Project info

Object ID: 1433

Finished at	March 2020
Price, m²	From 3400$
Buy online	Details
Installment plan	no
Bank mortgage
Property type	Aparment building
Square	from 40.00 m²
Floors	6
Apartments	150
Condition	Black walls
Construction type	Monolyth
Security	Security
Conveniences	Parking Fitness Pool
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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

136,000$

Net profit

5,883$

Payback period

16.8 years

Avg property value increase per year

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About the project

Amenities

Children's Pool, Gym, Health Club, Landscaped Gardens, Jogging Track, Cycling Track

Developer

Founded in 2005, Al Barari is a family business with proven experience in real estate development. The company is specialized in luxurious v…
Details about Al Barari Developers