Afamia Tower I in Sharjah

Name: Sales in Afamia Tower I started!
Start: 2019-11-29T08:08:53.902718+00:00
End: 2023-12-31T23:59:59+0000
Location: Afamia Tower I

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Construction

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Project info

Object ID: 1813

Finished at	November 2019
Price, m²	From 3000$
Buy online	Details
Installment plan	no
Bank mortgage
Property type	Aparment building
Square	from 71.00 m²
Floors	16
Apartments	190
Building phase	Completed
Condition	Fresh renovation
Construction type	Monolyth
Security	Security Reception
Conveniences	Parking Commercial area
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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

213,000$

Net profit

8,283$

Payback period

20.1 years

Avg property value increase per year

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About the project

Amenities

Central Air Conditioning, Elegant Lobby, Concierge Services

Developer

Founded in 2006, FAM Holding is active in several industries in the Dubai region. With vast experience and specialization in many spheres, F…
Details about FAM Holding