Desirable 1 bedroom with canal view, 6% yield

Apartment for Sale in Churchill Residency Tower, Business Bay, Dubai

Reference No : OBG-S-16139 | 1 1 970 sqft
AED 950,000
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Apartment Description
Property Features:.

  • 970sq.ft.
  • 1 Bedroom
  • 1 Bathroom
  • Balcony
  • Parking Space
  • Full Canal View
  • Service Charges 15k/Year
  • Rented at 72k until 2020 April
  • 6% Yield
  • With Kitchen Appliances and Furniture
One Broker Group is pleased to offer the opportunity to own a great investment in Business Bay.
The apartment is fully furnished and fitted with all the appliances. It is rented at a fair market price which would generate a solid 6% yield and has a strong potential of a capital appreciation in the coming years.
The apartment is rented till April 2020 at 72K. Service charge at 15k / year.
It has a large balcony and a great view to the Canal, Downtown and Burj Khalifa.
The apartment comes with an assigned parking space.
Thanks to its central location both main roads (SZ and Al Khail Road) are easily accessible also close to DIFC via Happiness Street.
Monthly Costs

Calculations based on average cost per square feet for Apartments. This includes the monthly municipal tax. Use the editable fields to modify calculations appropriately.

AED
Monthly Total
Mortgage
Purchase Price
AED 950000
Deposit (%)
Repayment Term (years)
Profit (% p.a.)
Energy
Municipal Fees
AED 238
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Avg Gas Cost
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Water

Avg Water Cost

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Buy this property from only
AED 4,393 / month
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OBG Real Estate
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OBG Real Estate Broker

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Purchase Price
Down Payment (AED)
AED 950,000
*These figures are indicative & subject to change on final approval
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