Golf Promenada 5A Tower
Golf Promenade 5, Golf Town, Damac Hills, DubaiLand, Dubai, United Arab Emirates
1 bedroom
1
816 sqft
$243,676
Total investment:
Unit price now:
$288,600
Annual revenue:
$29,241
Cash-on-cash return:
9,1%
+18,44%
Property Information
Type of the unit:
1 bedroom
Unit price:
$243,676
Furnishing & Repair:
$0
Contract period:
29/12/2023 - 29/12/2024
Developer:
DAMAC
District:
DAMAC Hills
Price per sqft:
$299/sqft
Сompletion date:
Q4 2022
№A608
Unit no & Contract
Investing in a Golf Promenade in Dubai, specifically in the Damac Hills area, represents a strategic and promising opportunity for several reasons. Dubai, known for its luxury real estate market and high standards of living, continues to attract investors and residents from all over the world. Here's why a golf promenade in Damac Hills stands out as a superior investment choice:
Unique Lifestyle Offering: A golf promenade adds a unique lifestyle element that is highly sought after in Dubai. It combines upscale living with leisure and sport, offering residents and visitors an exclusive experience that is rare even in Dubai's competitive real estate market.
High Demand for Golf Properties: Golf-related properties in Dubai have historically shown strong demand and resilience in terms of value. The city hosts several high-profile golf tournaments, attracting enthusiasts and professionals worldwide, thereby increasing the desirability of golf-centric real estate.
In comparison to other buildings in Dubai, a golf promenade in Damac Hills offers a distinctive blend of luxury, exclusivity, and lifestyle amenities that cater to a niche market of buyers and renters seeking more than just a residence but a comprehensive lifestyle experience. This uniqueness, coupled with the strategic location and high demand for golf properties, positions it as an excellent investment decision within Dubai's dynamic real estate market.
Unique Lifestyle Offering: A golf promenade adds a unique lifestyle element that is highly sought after in Dubai. It combines upscale living with leisure and sport, offering residents and visitors an exclusive experience that is rare even in Dubai's competitive real estate market.
High Demand for Golf Properties: Golf-related properties in Dubai have historically shown strong demand and resilience in terms of value. The city hosts several high-profile golf tournaments, attracting enthusiasts and professionals worldwide, thereby increasing the desirability of golf-centric real estate.
In comparison to other buildings in Dubai, a golf promenade in Damac Hills offers a distinctive blend of luxury, exclusivity, and lifestyle amenities that cater to a niche market of buyers and renters seeking more than just a residence but a comprehensive lifestyle experience. This uniqueness, coupled with the strategic location and high demand for golf properties, positions it as an excellent investment decision within Dubai's dynamic real estate market.
What’s Special
Property Facts & Features
Purchase Price: $243,676
Bedrooms: 1
Bathrooms: 1
Sqft: 816 ($299/sqft)
Bedrooms: 1
Bathrooms: 1
Sqft: 816 ($299/sqft)
Property Details
Revenue: $29,241/yr
Cap Rate: 9,1%
Gross Yield: 12%
Cash-on-Cash: 9,1%
Cap Rate: 9,1%
Gross Yield: 12%
Cash-on-Cash: 9,1%
Returns
Revenue: $29,241/yr
Average Daily Rate: updating
Occupancy Rate: updating
Average Daily Rate: updating
Occupancy Rate: updating
Rental Estimate
Average 1 bedroom Values: $221,896
Average Revenue: $19,058/yr
Average Occupancy: updating
Number of 1 bedroom rentals: 132
Average Revenue: $19,058/yr
Average Occupancy: updating
Number of 1 bedroom rentals: 132
DAMAC Hills Market Data
Rental Estimate
High
$3,484
Average
$2,437
Low
$1,353
Rental Data for DAMAC Hills
132
Number of 1 bed. rentals:
41%
ROI Score:
$19,058/yr
Average Revenue:
Rental Listing by buildings
Average Revenue by buildings
Building
Listings
Revenue
Golf Greens
Golf Gate
Golf Town
41
34
31
$17,156/yr
$18,460/yr
$20,130/yr
$18,000/yr
$18,000/yr
Golf Promenada
Building
Building
Building
26
96
96
96
$22,360/yr
Financial Overview
12%
Gross Yield:
9,1%
Cap Rate:
9,1%
Cash-on-Cash Return:
Total Investments
Financing
Revenue
Expenses
Upfront equity
Net Operating Income
Leveraged Net Cash Flow
$243,676
$0
$2,437/mo
$590/mo
$243,676
$22,174/yr • $1,847/mo
$22,174/yr • $1,847/mo
This is the amount of equity, or money, needed to initially acquire the property based on your financing choices and other expenses, including furnishing and initial expenses.
Also referred to as NOI, this is the amount of money you’ll be making per year from your investment, after fees and taxes. This number does not factor in mortgage payments.
Also referred to as Lev. NCF, this is the amount of money you’ll net yearly after paying mortgage payments. This dollar amount is all-inclusive, taking into account not only mortgage payments but also the taxes and fees that are factored into NOI as well.
Price History
Date
Event
Price
29/12/2023
30/01/2024
27/02/2024
02/22/2024
02/22/2024
02/22/2024
02/22/2024
Purchase
Price change
Price change
Price change
Price change
$243,676
$261,478
$288,600
$46,641/yr
$57,801/yr
$68,214/yr
02/22/2024
02/22/2024
02/22/2024
02/22/2024
02/22/2024
02/22/2024
02/22/2024
Price change
Price change
Price change
Price change
Price change
Price change
Price change
$19,207/yr
$20,936/yr
$33,252/yr
$46,641/yr
$57,801/yr
$68,214/yr
Zada Tower by DAMAC
Total investment:
Annual revenue:
Cash-on-сash return:
$190,579
$32,970
12,1%
Rented
Ghalia by DAMAC
Total investment:
Annual revenue:
Cash-on-сash return:
$108,950
$16,342
10,5%
Rented
15 Northside Tower
Total investment:
Annual revenue:
Cash-on-сash return:
$191,536
$27,964
10,2%
Rented
The Waves Tower
Total investment:
Annual revenue:
Cash-on-сash return:
$234,150
$27,395
8,2%
Rented
Anwa Tower by Omniyat
Total investment:
Annual revenue:
Cash-on-сash return:
$264,070
$26,116
6,9%
Rented
Paramount Tower Hotel & Residences
Total investment:
Annual revenue:
Cash-on-сash return:
$429,695
$40,391
6,6%
Rented
Zada Tower by DAMAC
Total investment:
Annual revenue:
Cash-on-сash return:
$190,579
$32,970
12,1%
Rented
Ghalia by DAMAC
Total investment:
Annual revenue:
Cash-on-сash return:
$108,950
$16,342
10,5%
Rented
15 Northside Tower
Total investment:
Annual revenue:
Cash-on-сash return:
$191,536
$27,964
10,2%
Rented
The Waves Tower
Total investment:
Annual revenue:
Cash-on-сash return:
$234,150
$27,395
8,2%
Rented
Anwa Tower by Omniyat
Total investment:
Annual revenue:
Cash-on-сash return:
$264,070
$26,116
6,9%
Rented
Paramount Tower Hotel & Residences
Total investment:
Annual revenue:
Cash-on-сash return:
$429,695
$40,391
6,6%
Rented
Head
office:
Office 213, 2 Floor, MSM 1 Building, Al Safa 1, Dubai, UAE
© 2024 Masterpiece Group. All Rights Reserved
E-mail:
Phone:
License №1092965
P.O. Box:
454924
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