Property Details
| Property: |
Residential Building |
| Location: |
Al Barsha 3 |
| Ownership: |
Freehold |
| Total Plot Area: |
37,877 Sqft. |
| Total built up Area: |
227,591 Sqft. |
| Completion: |
Mid 2007 |
| Height: |
Basement + G +15 floors |
| No. of Apartments: |
174 |
| Retail: |
6 Shops |
| Car parking: |
158 |
Built up area calculations
| Gross area basement: |
35,941.75 Sqft. |
| Ground floor: |
3,140.15 Sqft |
| Typical floors (10 floors): |
115,174.75 Sqft. |
| Balconies (10 floors): |
13,413.20 Sqft. |
| Typical floors (4 floors): |
44,511.15 Sqft. |
| Balconies (4 floors): |
6,760.40 Sqft. |
| Roof: |
2,275.70 Sqft. |
| Pool decking: |
6,373.95 Sqft. |
| Total built up area: |
227,591 Sqft. |
| Amenities: |
Split A/C, Health Club and Swimming Pool |
| Passenger lifts: |
3 |
| Expenses: |
AED 656,000 P.A includes common utility charges and security and maintenance charges |
| Water & drainage: |
Direct connection to Municipality sewage lines |
| Community charges: |
NIL |
| Annual Revenue: |
12,589,000 |
Breakdown of units with sizes and Prices
| |
# of units |
Size Range Sqft. |
Rental |
| Studio: |
7 |
700 - 1000 |
40,000 - 70,000 |
| 1 Beds: |
112 |
1050 - 1150 |
65,000 - 95,000 |
| 2 Beds: |
56 |
1670 |
70,000 - 120,000 |
| Retail Space: |
1 |
600 |
175,000 |
| Office: |
1 |
600 |
55,000 |
| Laundry: |
1 |
500 |
55,000 |
| Supermarket: |
1 |
2750 |
175,000 |
Specifications
- Excellent location
- 100% occupied
- Current rental yield is 10% per annum
- The building is only 2 years old
- Possibly the best return in the Market
- Close to Mall of the Emirates
- Very close to 5 international Schools
- Very close to Sheikh Zayed Road
- 59% of the building is occupied by companies
- Saudi German Hospital is close to completion, which is 2 minutes distance
- The purchase price represent AED 550 per sqft. (AED 125,000,000 / 227,591 sq. ft),
which is considered to be one of the lowest in the market
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