Barsha Heights (Tecom), Dubai
Barsha Heights (Tecom), Dubai
1,182 AED/sqft · Price per sqft
1BR hotel apartment with the most attractive price for investment in The First Central Hotel Apartments at Barsha Heights (Tecom), Dubai 550 sqft Title Deed available Hotel could be found at Bookingdotcom under name "First Central Hotel Suites". !!! MUST READ !!! Hotel room is under hotel management. All of the apartments in The First Central are managed and rented out by management company and the owners must enter into the management scheme and can not use or manage the apartments themselves. Income from all apartments is pooled and the net proceeds are shared out pro-rata between all the owners. Even if the hotel room will be empty during year the income will be calculated from the pool of all hotel. Opened October 2011 Income not guaranteed According Title Deed unit is hotel apartment and as deal with commercial property must be with VAT 5% which Seller must collect from the Buyer and pay to FTA. Stunning location at the one of attractive business area - Barsha Heights (TECOM). The Millennium Place Marina ⁃ a stunning location in the heart of the city's most popular business location, Barsha Heights ⁃ Income distributions - two times/year ⁃ Highly efficient central reservation system ensures high occupancy rate ⁃ Owner profit share based on net profit of hotel operations ⁃ 2 weeks per year (first 5 years) for personal use at the similar room (need to book the reservation) 524 one bedroom and executive suites Hotel ownership income program Fully equipped kitchenette Laundry and dry cleaning service Roof top swimming pool and sun deck Health club Valet parking 24 hour reception Concierge Room service Security VAT is included in final price.
First Central Hotel Apartments, Barsha Heights (Tecom), Dubai
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