Freehold Hotel Development Investment in JLT, Dubai

AED 55,000,000
  • Location:

    Jumeriah Lake Towers , Dubai

  • Property Type:

    Hotel

  • BUA:

    93,582 Sq Ft

  • RERA No.:

    28537

  • Ref No.:

    CP0051

Property Description

Jumeirah Lakes Towers, Dubai

  • Type of Asset: 4-Star Hotel (Freehold)
  • Projected Annual Profit: AED 14 - 15M (based on a hotel management agreement)
  • ROI: 8.4%
  • Construction status: 55 - 60% complete with final completion expected within 9 months
  • Details: 125 keys (possible to increase to 170 keys by using mezzanine space) Expressions of interest from several hotel operators including Melia, Hilton and Marriott. Excellent location between JLT and Emirates Golf Club.

Price:

  • Purchase Price AED 55M
  • AED 20m estimated cost to complete construction (contractor estimates 8 - 9 months)
  • AED 5m approximately for furnishings

Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by CommercialProperty.ae in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. CommercialProperty.ae does not have authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents. The photograph shown is for illustrative purposes only due to the confidentiality of the listing, the property being marketed is not as shown. Areas, measurements and distances given are approximate only. Regulations Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. VAT: The VAT position relating to the property may change without notice.

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