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Hotel Apartment in Business Bay, Dubai, UAE 44.7 sq.m. № 423732
105
ID423732
700 000 AED
- AED
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
Engel & Voelkers is pleased to present you this Hotel Studio apartment in the popular development of DAMAC Paramount Towers, Business Bay. This studio is in Tower C of the development.A hotel studio apartment is available for sale in the popular development of DAMAC Paramount Towers, Business Bay.
Property Details:
- Studio
- Vacant
- AED 700,000 net
- Guaranteed Extremely High ROI
- 50% Below the Original Price
- 481.90 Sq.
Ft
- Developed by Damac properties
- Prime location
- Gym, Swimming pool, Steam, Sauna
- Children's playground
- Supermarket nearby
- Very easy access to Downtown, Heart of Dubai, access Dubai Mall and boulevard area
This apartment is designed specifically for investors looking for a great ROI. These studio rooms offer a guaranteed High ROI. Owners can choose to rent themselves into the secondary market or choose to leave it in the hands of DAMAC’s hotel pool.
DAMAC Towers by Paramount is a four-tower hotel and residence complex in Business Bay. Standing at over 69 stories in height this development gives great views out towards Dubai Creek, and back into Downtown. Standing proud at the edge of Business Bay, it is one of the first buildings you see when coming in from Al Khail Road.
Engel & Voelkers is one of the world’s leading service companies specializing in the brokerage of residential and commercial properties, yachts, and aviation, with 1000+ offices in over 30 countries.
Contact Engel & Voelkers today for further details.
- Developed by Damac properties
- Prime location
- Gym, Swimming pool, Steam, Sauna
- Children's playground
- Supermarket nearby
- Very easy access to Downtown, Heart of Dubai, access Dubai Mall and boulevard area
This apartment is designed specifically for investors looking for a great ROI. These studio rooms offer a guaranteed High ROI. Owners can choose to rent themselves into the secondary market or choose to leave it in the hands of DAMAC’s hotel pool.
DAMAC Towers by Paramount is a four-tower hotel and residence complex in Business Bay. Standing at over 69 stories in height this development gives great views out towards Dubai Creek, and back into Downtown. Standing proud at the edge of Business Bay, it is one of the first buildings you see when coming in from Al Khail Road.
Engel & Voelkers is one of the world’s leading service companies specializing in the brokerage of residential and commercial properties, yachts, and aviation, with 1000+ offices in over 30 countries.
Contact Engel & Voelkers today for further details.
Trakheesi Permit: 7123408227
Dubai - Statistics
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| Parameters | Dubai |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | 8 170.74 AED |
| Apartment (1 bedroom) Outside of Centre | 5 144.76 AED |
| Apartment (3 bedrooms) in City Centre | 15 009.49 AED |
| Apartment (3 bedrooms) Outside of Centre | 9 908.95 AED |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | 22 200.61 AED |
| Price per Square Meter to Buy Apartment Outside of Centre | 12 570.53 AED |
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| Parameters | Dubai |
|---|---|
| Crime Index | 16.24 |
| Cost of Living and Rent Index | 54.40 |
| Purchasing Power Index | 116.75 |
| Property Price to Income Ratio | 7.06 |
| Safety Index | 83.76 |
| Traffic CO₂ Index | 8038.50 |
| Traffic Inefficiency Index | 249.51 |
| Rent Index | 50.14 |
| Health Care Index | 69.68 |
| Groceries Index | 46.54 |
| Pollution Index | 48.81 |
| Traffic Commute Time Index | 36.31 |
| Restaurant Price Index | 65.00 |
| Climate Index | 50.27 |
| Cost of Living Index | 57.82 |
| Quality of Life Index | 169.67 |
| Traffic Index | 169.47 |
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| Parameters | Dubai |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | 40.00 AED |
| Meal for 2 People, Mid-range Restaurant, Three-course | 300.00 AED |
| McMeal at McDonalds (or Equivalent Combo Meal) | 35.00 AED |
| Domestic Beer (0.5 liter draught) | 45.00 AED |
| Imported Beer (0.33 liter bottle) | 50.00 AED |
| Coke/Pepsi (0.33 liter bottle) | 4.80 AED |
| Water (0.33 liter bottle) | 3.87 AED |
| Cappuccino (regular) | 22.04 AED |
| Markets | |
| Milk (regular), (1 liter) | 6.57 AED |
| Loaf of Fresh White Bread (500g) | 5.43 AED |
| Eggs (regular) (12) | 11.86 AED |
| Local Cheese (1kg) | 32.12 AED |
| Water (1.5 liter bottle) | 2.21 AED |
| Bottle of Wine (Mid-Range) | 57.50 AED |
| Domestic Beer (0.5 liter bottle) | 10.23 AED |
| Imported Beer (0.33 liter bottle) | 16.55 AED |
| Cigarettes 20 Pack (Marlboro) | 24.00 AED |
| Apples (1kg) | 8.95 AED |
| Chicken Fillets (1kg) | 30.86 AED |
| Oranges (1kg) | 6.98 AED |
| Potato (1kg) | 4.22 AED |
| Lettuce (1 head) | 5.71 AED |
| Rice (white), (1kg) | 9.66 AED |
| Tomato (1kg) | 5.59 AED |
| Banana (1kg) | 6.73 AED |
| Onion (1kg) | 5.44 AED |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | 38.60 AED |
| Transportation | |
| One-way Ticket (Local Transport) | 6.00 AED |
| Monthly Pass (Regular Price) | 300.00 AED |
| Gasoline (1 liter) | 3.06 AED |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 123 000.00 AED |
| Taxi Start (Normal Tariff) | 12.00 AED |
| Taxi 1km (Normal Tariff) | 2.50 AED |
| Taxi 1hour Waiting (Normal Tariff) | 30.00 AED |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 83 515.81 AED |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | 780.68 AED |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 372.72 AED |
| 207.13 AED | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | 12 319.03 AED |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.65 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | 298.40 AED |
| Tennis Court Rent (1 Hour on Weekend) | 161.04 AED |
| Cinema, International Release, 1 Seat | 50.00 AED |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 229.62 AED |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 206.90 AED |
| 1 Pair of Nike Running Shoes (Mid-Range) | 364.17 AED |
| 1 Pair of Men Leather Business Shoes | 347.73 AED |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 2 846.91 AED |
| International Primary School, Yearly for 1 Child | 48 048.76 AED |
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
Contact the seller
Price
- Price
- per m²
700 000 AED
- AED
- EUR €
- USD $
- RUB ₽
- GBP £
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