Hotel for sale

Dubai


POA
35 m²

Description

Good opportunity to buy hotel room in new hotel The One Dubai Marina and operated by Millenium Group (Millenium Place Dubai Marina).

Dubai is one of the world top destination for tourists and a airline hub in the Middle East. Investing in annuities from hotel industry returns stable incomes.

Studio, 382.08 sq.ft

Price is 700,000 dirham

Hotel room is under hotel management All of the hotel apartments 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.

The Millennium Place Marina

✔️ Operated by Millenium Group

✔️ A stunning location in the heart of the city's most popular location, Dubai Marina

✔️ Bespoke hotel ownership income programm

✔️ Highly efficient central reservation system ensures high occupancy rates

✔️ Owner profit share based on net profit of hotel operations

✔️ 2 weeks per annum for personal use

Permit 7126177635

More information: +971(0)55 446 4741 or

Categories

Hotels
Property reference
TH1926_15