Studio Apartment in DAMAC Towers by Paramount, UAE No. 84700
ID84700
$ 231 418
Property description
Brought to you by Driven Properties, this Hotel apartment is located in Tower C, Business Bay.Unit Details:
* View: Community
* Total Area: 488 square feet
* No. of Parking: 1
Discover the perfect combination of opulence and financial growth with this fully serviced hotel apartment located in the heart of Dubai's Business Bay not far from Dubai Metro. Tailored for sophisticated investors, this hassle-free, income-generating property provides the best of both worlds: Guaranteed Profit and the freedom to enjoy your apartment for up to two weeks each year.
Operated by a renowned hotel brand, this stylish unit guarantees high occupancy rates (Dubai's average is 85%), premium facilities, and effortless returns with no effort required on your part. Whether you're seeking a stable, hands-off investment or a luxurious getaway in one of the world’s most exciting cities, this is an unbeatable chance to own a part of Dubai’s flourishing hospitality market.
Business Bay is a contemporary financial district packed with corporate high-rises, stylish apartments buildings, and swanky hotels.
Dubai - Statistics
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| Parameters | Dubai |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 2 502.17 |
| Apartment (1 bedroom) Outside of Centre | $ 1 583.95 |
| Apartment (3 bedrooms) in City Centre | $ 4 798.07 |
| Apartment (3 bedrooms) Outside of Centre | $ 3 163.29 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 7 477.34 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 3 858.61 |
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| Parameters | Dubai |
|---|---|
| Crime Index | 16.05 |
| Cost of Living and Rent Index | 60.27 |
| Purchasing Power Index | 129.48 |
| Property Price to Income Ratio | 7.43 |
| Safety Index | 83.95 |
| Traffic CO₂ Index | 8075.35 |
| Traffic Inefficiency Index | 250.74 |
| Rent Index | 60.00 |
| Health Care Index | 69.76 |
| Groceries Index | 46.45 |
| Pollution Index | 49.17 |
| Traffic Commute Time Index | 36.45 |
| Restaurant Price Index | 64.69 |
| Climate Index | 50.27 |
| Cost of Living Index | 60.48 |
| Quality of Life Index | 173.94 |
| Traffic Index | 170.28 |
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| Parameters | Dubai |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 10.89 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 80.32 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 9.53 |
| Domestic Beer (0.5 liter draught) | $ 12.66 |
| Imported Beer (0.33 liter bottle) | $ 13.61 |
| Coke/Pepsi (0.33 liter bottle) | $ 1.24 |
| Water (0.33 liter bottle) | $ 0.94 |
| Cappuccino (regular) | $ 5.63 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.96 |
| Loaf of Fresh White Bread (500g) | $ 1.41 |
| Eggs (regular) (12) | $ 3.49 |
| Local Cheese (1kg) | $ 10.43 |
| Water (1.5 liter bottle) | $ 0.68 |
| Bottle of Wine (Mid-Range) | $ 16.34 |
| Domestic Beer (0.5 liter bottle) | $ 2.56 |
| Imported Beer (0.33 liter bottle) | $ 3.28 |
| Cigarettes 20 Pack (Marlboro) | $ 6.40 |
| Apples (1kg) | $ 2.32 |
| Chicken Fillets (1kg) | $ 9.62 |
| Oranges (1kg) | $ 1.86 |
| Potato (1kg) | $ 1.21 |
| Lettuce (1 head) | $ 1.44 |
| Rice (white), (1kg) | $ 2.37 |
| Tomato (1kg) | $ 1.57 |
| Banana (1kg) | $ 1.90 |
| Onion (1kg) | $ 1.24 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 12.41 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 1.63 |
| Monthly Pass (Regular Price) | $ 84.40 |
| Gasoline (1 liter) | $ 0.75 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 32 670.84 |
| Taxi Start (Normal Tariff) | $ 3.27 |
| Taxi 1km (Normal Tariff) | $ 0.68 |
| Taxi 1hour Waiting (Normal Tariff) | $ 8.17 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 22 824.94 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 224.44 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 100.91 |
| $ 61.36 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 3 812.57 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.44 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 90.01 |
| Tennis Court Rent (1 Hour on Weekend) | $ 46.86 |
| Cinema, International Release, 1 Seat | $ 14.57 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 84.08 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 63.76 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 119.55 |
| 1 Pair of Men Leather Business Shoes | $ 122.47 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 827.98 |
| International Primary School, Yearly for 1 Child | $ 14 502.30 |
Data are provided by Numbeo.com and are based on its users survey. Middle-east.realestate can not guarantee the validity of these data.
Contact the seller
Dubai
Business Bay
DAMAC Towers by Paramount
Apartment
Studio
45 m²
- m²
- sq. ft
$ 231 418
Seller
Abdelilah Rida
International business development manager
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