Overview

Property Description

This 15-storey building by Fortune 5 Property Development LLC features 138 units, including 1-2 bedroom apartments and full floors, with 10 units per floor. By number of rooms, Marriott is the largest hotel chain in the world. Apartments, on the other hand, will be managed solely by their owners. All units will be equipped with branded white appliances by Alba or Bosch, including a built-in gas hob, a built-in gas oven, a canopy hood, a fridge, a washing machine, a dishwasher and a microwave. As of May 2023, a 1-bedroom apartment costs AED 1.5M (USD 408K); a full floor costs AED 20M (USD 5.4M). Marriott Residences Dubai Business Bay has a service charge of AED 19 (USD 5) per square foot. Marriott management requires AED 5 (USD 1.36) per square foot. *The price is valid through 2023 Upon completion of Marriott Residences Dubai Business Bay in Q4 2024, the property can be resold for just 20% of its total value. This allows you to earn a profit without having to pay the full amount. If you decide to buy a full floor, you will have the opportunity to enjoy constant cash flow, even if not all the apartments are occupied. AED 58K (USD 16K) per annum is the initial rental cost in Business Bay as of May 2023, which guarantees lucrative rental profit. Marriott Residences Dubai Business Bay has a ROI of 8-9%, which guarantees lucrative rental profits. A free Marriott Bonvoy loyalty card is another perk of owning a property at Marriott Residences Dubai Business Bay, which offers exclusive discounts on room rates, complimentary Wi-Fi, instant point redemption, mobile check-in, and a mobile key across participating hotels worldwide.

Features & Amenities

Location