The 8 in Dubai

Name: Sales in The 8 started!
Start: 2019-11-22T07:36:14.418017+00:00
End: 2023-12-31T23:59:59+0000
Location: The 8

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Construction

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Project info

Object ID: 1455

Finished at	November 2019
Price, m²	From 6500$
Buy online	Details
Installment plan	no
Bank mortgage
Property type	Aparment building
Square	from 82.00 m²
Floors	8
Apartments	300
Building phase	Completed
Condition	Fresh renovation
Construction type	Monolyth
Security	Security
Conveniences	Parking Fitness Pool Kids playground
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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

533,000$

Net profit

9,376$

Payback period

45.3 years

Avg property value increase per year

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About the project

Amenities

Beachfront Restaurant, Kids Play Area, Gym, Tennis court, Swimming pool, Coffee Shop, BBQ area, Landscaped Gardens, Balcony, Central A/C, Maid Service, Private Garden, View of Water, Built in Wardrobes, Concierge service, Jacuzzi

Developer

Listed on the Kuwait Stock Exchange, IFA Hotels & Resorts (IFA HR) is a worldwide leader in the development of mixed-use hotel and resid…
Details about IFA Hotels & Resorts