Areej Apartments in Sharjah

Name: Sales in Areej Apartments started!
Start: 2019-11-28T12:39:26.890310+00:00
End: 2023-12-31T23:59:59+0000
Location: Areej Apartments

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Project info

Object ID: 1786

Finished at	November 2019
Price, m²	From 2000$
Buy online	Details
Installment plan	no
Bank mortgage
Property type	Aparment building
Square	from 37.00 m²
Floors	7
Apartments	250
Building phase	Completed
Condition	Fresh renovation
Construction type	Monolyth
Security	Security
Conveniences	Parking Fitness Pool
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Personal discount certificate 300$
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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

74,000$

Net profit

5,883$

Payback period

9.2 years

Avg property value increase per year

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About the project

Amenities

Walk-in closet, High ceiling, Landscaped Gardens, Gym, Swimming pool, Retail Area, Jogging track, Cycling track, Spa, Jacuzzi, Sauna, Steam room, BBQ area, Concierge service, Balcony

Developer

Arada was created to build communities that enrich, engage and inspire their residents. Our homes are exceptionally designed and are complem…
Details about Arada Property Developer