A unique opportunity to acquire a Hotel Apartment Building in Dubai. The hotel is fully furnished and is being offered as a straight asset sale. The property is located in a non-freehold zone.
This 91 room hotel apartment building has recently opened and is fully operational. The property includes a ground floor coffee shop / café , fully equipped gym and roof top pool and Jacuzzi.
The property occupies a site in the centre of Mankhool with direct access to the main roads in the area.
Prospective purchasers of this asset are invited to submit non-binding “Expressions of Interest” (EOI) to the owning company . Additional details on the Sales Process will be provided to interested parties on receipt of a non-disclosure agreement (NDA).
The owning company is a privately held UAE based real estate development company with a number of high profile assets in Dubai.
- Strong Stable Income with established tenant on a 5-Year Lease with future growth potential.
- High Quality , newly constructed building built to international standards.
- Proximity to demand generators and high catchment area.
- Secure Regulatory Environment built on the strength of a stable and transparent investment market.
- Tax Free Returns that are above international standards.