33.1m² Hotel Apartment in Business Bay, UAE No. 89610

33.1m² Hotel Apartment in Business Bay, UAE No. 89610
ID89610 $ 209 638
89610

Property description

Own a premium hotel studio in the heart of Business Bay at an unbeatable price!
This fully furnished studio in the iconic Sky Bay Hotel is now available for just AED 770,000, significantly below its original price of AED 1,335,000 offering outstanding value for both investors and end-users.

Property Features:

Studio Hotel Apartment
Fully Furnished & Serviced
Size: 435.40 sqft
Elegant modern design with high-end finishes
Managed by a reputable international hospitality group
Hassle-free investment with high ROI potential
Strategic Business Bay location minutes from Downtown, Dubai Mall, and Burj Khalifa
Investor Highlights:

Discount of AED 565,000 from original price
Ideal for short-term rental income
High demand due to prime location and hotel branding
Turnkey investment ready for immediate returns
fäm Properties
Contact Us - +971-44469386
Toll free: 800fam800 (800 326 800)
Email: cc@famproperties.com
Visit our website: famproperties.com
Trakheesi Permit: 71100760191

Features

Balcony
  • Balcony
Equipment and Appliances
  • Central A/C

Indoor facilities

Car park
  • Covered parking

Outdoor features

Security
  • Security
Dubai - Statistics
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ParametersDubai
Rent Per Month
Apartment (1 bedroom) in City Centre$ 2 520.04
Apartment (1 bedroom) Outside of Centre$ 1 597.70
Apartment (3 bedrooms) in City Centre$ 4 798.07
Apartment (3 bedrooms) Outside of Centre$ 3 133.59
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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ParametersDubai
Crime Index16.07
Cost of Living and Rent Index60.22
Purchasing Power Index133.68
Property Price to Income Ratio7.20
Safety Index83.93
Traffic CO₂ Index8035.46
Traffic Inefficiency Index247.89
Rent Index60.10
Health Care Index69.76
Groceries Index46.36
Pollution Index49.17
Traffic Commute Time Index36.32
Restaurant Price Index65.11
Climate Index50.27
Cost of Living Index60.31
Quality of Life Index175.93
Traffic Index169.42
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ParametersDubai
Restaurants
Meal, Inexpensive Restaurant$ 10.89
Meal for 2 People, Mid-range Restaurant, Three-course$ 81.68
McMeal at McDonalds (or Equivalent Combo Meal)$ 9.53
Domestic Beer (0.5 liter draught)$ 12.25
Imported Beer (0.33 liter bottle)$ 13.61
Coke/Pepsi (0.33 liter bottle)$ 1.22
Water (0.33 liter bottle) $ 0.94
Cappuccino (regular)$ 5.59
Markets
Milk (regular), (1 liter)$ 1.94
Loaf of Fresh White Bread (500g)$ 1.40
Eggs (regular) (12)$ 3.51
Local Cheese (1kg)$ 10.16
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$ 222.43
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)$ 100.91
$ 61.50
Salaries And Financing
Average Monthly Net Salary (After Tax)$ 3 935.67
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate4.44
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult$ 90.65
Tennis Court Rent (1 Hour on Weekend)$ 45.47
Cinema, International Release, 1 Seat$ 14.16
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)$ 78.32
1 Summer Dress in a Chain Store (Zara, H&M, ...)$ 63.26
1 Pair of Nike Running Shoes (Mid-Range)$ 117.57
1 Pair of Men Leather Business Shoes$ 117.07
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child$ 827.98
International Primary School, Yearly for 1 Child$ 14 526.34
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
Contact the seller
Contact me via
CityDubai
DistrictBusiness Bay
TypeHotel Apartment
Living space33.1 m²
  • sq. ft
Price
  • Price
  • per m²
$ 209 638
Seller
Firas Al Msaddi
Firas Al Msaddi
Chief Executive Officer