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230 882 €

Flat in Dubai, UAE, 44 sq.m
  • Flat in Dubai, UAE, 44 sq.m - picture 1
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  • Flat in Dubai, UAE, 44 sq.m - picture 1
  • Flat in Dubai, UAE, 44 sq.m - picture 2
  • Flat in Dubai, UAE, 44 sq.m - picture 3
  • Flat in Dubai, UAE, 44 sq.m - picture 4
  • Property ID on Prian.info: 3872934
    Property ID on company's website: 6609
    Last update: 14.02.2024
    Number of views: 269

230 882 €

Flat in Dubai, UAE, 44 sq.m

44 sq.m

  • Property ID on Prian.info: 3872934
    Property ID on company's website: 6609
    Last update: 14.02.2024
    Number of views: 269

Specifications

Sale price 230 882 €
Price per square meter 5 247.32 €
Floor area 44 sq.m
Address UAE, Dubai

Description

Palladium Studios - Grandala, Al Satw...

Description

Studios from 860 thousand dirhams (234 thousand dollars) overlooking DIFC
(Financial Center, where the offices of leading companies in the field of economics, consulting and finance are located).

Palladium - Grandala, delivery date 3Q 2025

Project:
A ready-made solution for a rental strategy in the new Freehold zone opposite DIFC - apartments from Palladium Development, fully furnished and equipped with appliances.

Stage:
start of sales

Area:
Al Satwa, an area within walking distance of the metro station and DIFC Free Zone

Forecast for price growth:
+25% for the next 18 months
with prices 35% lower than Downtown and 25% cheaper than City Walk, an expected ROI of at least 21%.

Infrastructure readiness:
15% - the area is just beginning to acquire infrastructure, which only confirms its potential for growth; the strategic location of the area initially guarantees high demand for both rental and purchase.

Building location:
Project on the map
✔️ 10 min walk:
- Jumeirah Gardens City Park
- Emirates Towers metro station
- Michelin-starred restaurant Moonrise (by the way, there are 14 of them in Dubai, most of them on the Palm)
- DIFC business district with class A office buildings (by the way, Bloomberg, Deloitte, Mitsubishi, NASDAQ, Societe Generale Bank & Trust, etc. are located there)
✔️ In 10 minutes by car:
- Downtown area (Burj Khalifa and Dubai Mall)
- La Mer beach with blue flag
- Museum of the Future

Investment strategies:
1️⃣ Resale within 18 months, expected ROI from 21%
2️⃣ Long-term rental with an annual ROI of 8+% excluding capitalization

Advantages of the project:
✔️ The price of apartments is 25-35% lower than in neighboring locations
✔️ The area has not yet acquired infrastructure for life; as it appears, the cost of housing here will rise
✔️ An area with constant demand for rentals among paying clients - DIFC employees

Expected prices:
Studio: from 860 thousand dirhams (234 thousand dollars)

Payment plan:
60% during construction, 40% upon delivery (Q3 2025)


Additional features

House's or compound's infrastructure and equipment

  • swimming pool

Apartment details

  • complete furnishing

Contact seller

Message sent



Cost of accomodation in Dubai

Cost of accomodation in Dubai
Restaurants
Cappuccino (regular) 5.07 €
Coke/Pepsi (0.33 liter bottle) 1.22 €
Domestic Beer (0.5 liter draught) 11.26 €
McMeal at McDonalds (or Equivalent Combo Meal) 8.76 €
Meal for 2 People, Mid-range Restaurant, Three-course 62.57 €
Meal, Inexpensive Restaurant 10.01 €
Water (0.33 liter bottle) 0.64 €
Imported Beer (0.33 liter bottle) 11.26 €
Markets
Apples (1kg) 2.08 €
Banana (1kg) 1.67 €
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 9.52 €
Bottle of Wine (Mid-Range) 15.02 €
Chicken Fillets (1kg) 7.72 €
Domestic Beer (0.5 liter bottle) 3.18 €
Eggs (regular) (12) 2.80 €
Lettuce (1 head) 1.61 €
Loaf of Fresh White Bread (500g) 1.44 €
Local Cheese (1kg) 11.94 €
Milk (regular), (1 liter) 1.72 €
Onion (1kg) 0.78 €
Oranges (1kg) 1.66 €
Cigarettes 20 Pack (Marlboro) 5.63 €
Potato (1kg) 0.88 €
Rice (white), (1kg) 1.88 €
Tomato (1kg) 1.34 €
Water (1.5 liter bottle) 0.55 €
Imported Beer (0.33 liter bottle) 5.65 €
Transportation
Gasoline (1 liter) 0.79 €
Monthly Pass (Regular Price) 75.08 €
One-way Ticket (Local Transport) 1.75 €
Taxi 1hour Waiting (Normal Tariff) 7.51 €
Taxi Start (Normal Tariff) 3.00 €
Taxi 1km (Normal Tariff) 0.75 €
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 19 938.75 €
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 27 530.56 €
Rent Per Month
Apartment (1 bedroom) in City Centre 1 839.71 €
Apartment (1 bedroom) Outside of Centre 1 068.85 €
Apartment (3 bedrooms) in City Centre 3 603.45 €
Apartment (3 bedrooms) Outside of Centre 2 407.58 €
Utilities (Monthly)
Mobile Phone Monthly Plan with Calls and 10GB+ Data 58.15 €
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 185.01 €
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 86.84 €
Sports And Leisure
Cinema, International Release, 1 Seat 12.51 €
Fitness Club, Monthly Fee for 1 Adult 73.98 €
Tennis Court Rent (1 Hour on Weekend) 34.81 €
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar) 56.17 €
1 Pair of Men Leather Business Shoes 85.80 €
1 Pair of Nike Running Shoes (Mid-Range) 87.45 €
1 Summer Dress in a Chain Store (Zara, H&M, ...) 52.31 €
Childcare
International Primary School, Yearly for 1 Child 12 271.23 €
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 697.19 €
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre 3 740.60 €
Price per Square Meter to Buy Apartment Outside of Centre 2 314.55 €
Salaries And Financing
Average Monthly Net Salary (After Tax) 3 765.54 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.65 %

Data on the cost of living is provided by the service Numbeo.com. Prian.info can not in any way guarantee the authenticity and correctness of the data.

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